The gold rush has begun, and anybody with even a small amount of gold can make a profit. With the recession, it’s no wonder that prices for gold have soared and buyers are willing to pay more. But if you’re wondering where the best place for you to sell your gold is, check out the options below and match your needs, whether it be for maximal profit, immediacy, or minimum shipping cost- to the seller’s offers.

Places To Sell Your Gold

Collectors or Private Individuals

If you find yourself in possession of pristine gold jewelry, antique coins, or pricey family gold heirlooms, then the best way for you to make the most profit out of a sale is to approach collectors and interested parties. This should be your first option when you’re ready to sell gold. The reason behind this is because collectors usually are already knowledgeable about gold appraisal and gold prices, and are appreciative of the history and culture behind a certain gold piece; therefore, most often they are in the best position to offer you the right amount of money for your gold items. This does not mean that you do not do your homework however. A very gullible seller can sometimes be too good a temptation.

Brokers, refineries, and jewelers

If however the gold you have is in less than pristine condition, then your next best bet would be to contract a sale with refineries, jewelers, and brokers. Do not expect to make top-notch price if your jewelry or gold merchandise is broken. This is due to the fact that these refineries or jewelers will either shoulder the cost of repairing your gold piece, reshaping it into some other piece, or in the case of brokers, finding buyers who are willing to do so.

Auctions

Auctions are a good way to make good enough money for your gold merchandise. You have two options: either you sell your gold at a local auction or an online one. Using an auction is usually good if you are a first time seller with a valuable gold piece for this allows you to control how you would want to sell your gold while also attracting buyers who are willing to shell out for your selling price, or even to pay more than your selling price. Keep in mind that though selling gold locally allows you to save on shipping, auctions of any kind still do charge fees.

Coin shops and Gold Selling Parties

Gold selling parties are a new and innovative way to sell your gold. By joining a gold selling party you can simultaneously get your gold appraised, meet sellers, and also meet potential buyers for your gold, while coin shops are the absolute best place to sell gold coins.

Pawnshops and Websites

These should be your last option when selling gold, simply because they may offer the least selling price for your gold and also may involve some risk.

The best thing you can do is to know the options than you would want to prioritize first, after which try contacting your chosen best places to sell your gold to be able to get a general market overview of their buying price, fees, and services. This allows you to calculate the possible net profit you can make as a result of your efforts.

The craze to sell gold items has remained steady over the past few years and as the price of gold increases, more and more people are becoming interested in selling gold as a way to stay afloat during these critical economic times.

And because gold is stable, people rely on it more than they do the United States dollar bill. And the more people want to purchase gold, the more it’s demanded and the higher the price of it rises. That’s why it’s such a great time to sell gold and make a nice profit from it.

But, before you consider the first buyer you see for your gold coins, jewelry and other valuables, you need to research how to sell gold and how that buyer does business before you make a deal to sell your gold to them.

Finding a reputable buyer is an absolute must if you want to get the most for your valuables. Just remember that the market price of gold changes by the minute, and the buyer will want his or her share of the profits as well.

There are many ways sell unwanted gold, including at auctions, pawnshops, online buyers, jewelry stores, coin shops and more.

Auctions are the perfect place to go when you’re interested in selling old gold. Historical pieces will generally fetch a lot more money at an auction than they would by selling it to a dealer for eventual melt down.

Paws hops should usually be used as a last resort or if you don’t want to sell gold, but are looking to get some fast cash by using it as collateral. If you are thinking about actually selling your gold pieces through a pawnbroker, you should know that you may not get the best price available for your gold items.

Online gold buyers are the companies who allow you to send in your gold and silver by mail and then send a check back to you for the amount they determine your pieces to be worth. This method to sell gold online, is the most convenient since you don’t have to visit the buyer or waste time driving around town. You can easily sell gold coins, broken gold jewelry, dental pieces, electronic pieces or just about anything that is made from the precious metal.

Jewelry stores are another place to sell gold jewelry. They usually tend to offer a fair price based on the market value depending on the piece. And even if your jewelry piece is in need of repair, some jewelers will still purchase your piece if it’s repairable.

Coin shops are another great option when you’re interested in selling gold coins. Most coin collectors know and recommend you take your coins to a Professional Numismatists Guild since they’re highly trusted when handling business deals. Just keep in mind that when you’re selling coins, the value is determined by the weight as well as the grade and whether it‘s rare or not.

Now that you know of a few ideas on where to sell gold, we hope that you will profit greatly when you do decide to take advantage of the many reputable buyers both on and offline when you’re finally ready to sell gold items.

The best place to sell gold will usually depend on what type of pieces you have that you are wanting to part with. If you are wanting to sell gold coins, you certainly won’t be able to get a great price from a pawn shop for them. And if you’re trying to sell gold jewelry, you’ll have better luck selling them to a jewelry store if they’re in repairable condition.

If you want to sell gold that is scrap, but still worth selling for its gold content, you may want to consider an online buyer who purchases broken jewelry, dental pieces, wire, bullion, nuggets, damaged coins and practically anything made from the valuable metal.

How it works is the online buyer offers a free kit that includes a postage paid envelope and information on how to sell gold to them. They may even include some information about their company. Once you receive the kit, all that is required is to fill out all of the necessary paperwork, place your gold items in the envelope and send it back to them.

Once they receive the package, they’ll weigh your items and send you a check for the weighed items’ value. Some of the more reputable mail order gold buyers will even send you an email with the amount they are offering for your gold for your confirmation.

If you’re concerned about getting a really great deal for selling gold, you definitely want to do your research first. Generally most people already know that pawn shops usually don’t give you very much of the market value for your pieces. It’s a good idea to call around before you sell your gold to just anyone.

Newspapers, online forums, classified ads both on and offline, private clubs, online groups and auctions are all an excellent source for selling gold coins, old jewelry pieces and other collectibles made from goldwhen the face value is worth more than its melted down market value.

Don’t rule out places like swap meets, trade shows, flea markets or antique malls either when it comes to selling gold for cash. And you’d be surprised at how many other places and events you can take advantage of to make some extra cash from your gold items.

And if you’re trying to find the highest price offered for your items, most often jewelry shops have been known to give up to 80% of the market value. However, it’s unlikely you’ll get anymore than that since most businesses need to make a profit for themselves as well.

But, if you still not sure where to sell gold, try asking your friends and family if they know of any good places to sell unwanted gold to. You may find that they know of a few places you didn’t.
 
And finally, no matter how desperate you are to raise some extra money, don’t consider getting rid of precious heirlooms or any items that you’ll regret selling later. Even if you know the best place to sell gold, personally, there’s no guarantee that once you’ve sold your item to them, you will get it back later. Gold items that you sell are usually on the way to a refiner to be melted down shortly after you sell them.

Buy and sell gold stores have been popping up almost everywhere ever since gold has risen so drastically in price. People are willing to cash in and businesses are willing to buy, buy, buy!

And while there are numerous buyers who are willing to take your gold items off your hands, before you say yes to just anyone, keep these tips in mind.

Not everyone will be able to give you the cash you need immediately, so if you’re looking to sell gold today, your best bet may be to find a business in your community or the surrounding area that’s willing to pay for your goods as soon as you make a deal verses an online or television commercial business where you have to wait for your check to arrive in the mail. And then you may have to deposit it at your bank instead of just cashing it.

Of course if you live in a small town like many people do, you may only have the option of selling your gold to a pawnshop unless you’re willing to drive to the nearest city for a better deal. Many pawnbrokers may not give you a lot for your items because they loan out so much money already and don’t make much of a profit on the items they do have.

If you live in a town that has a jewelry store, sometimes that is your best option if you want to sell gold jewelry since they may give up to 70% of the going market rate for gold. You shouldn’t expect much more than that however, since most businesses aren’t likely to go any higher than that percentage.

Another option you may want to consider is a coin shop. Coin dealers may give you just as much as a jewelry shop will as long as they are coins of course.

However, make sure that the coin you’re selling isn’t worth more for it’s collectible value since many consumers tend to overlook that option. The same should also go for jewelry and any other items you may have that are antique or rare.

Another option many people don’t really think about when it comes to selling unwanted gold is a flea market store or resale shop. Anyone who knows the value of the precious metal may be willing to invest in what you have to offer for the right price.

And finally, keep in mind that when you do decide you want to sell gold, anything that is a family heirloom you’re better off leaving at home in your collection no matter how desperate you are. Otherwise you may end up regretting it or cause a family feud if anyone were to ever find out.

And once the item is gone, chances are it’s gone for good since most items that are sold as scrap gold are melted down for re-sale. So you’re better off sticking to items you know aren’t a family treasure and taking them to buy and sell gold stores instead.

Want to sell gold online? Before you do, there’s a few things you really need to know. Unlike selling gold face to face, the Internet is a potentially riskier place to sell it, and not every website that offers to buy and sell scrap gold is legit.

Still, not every business on the world wide web is a scam either. It’s just a matter of doing your research beforehand.

The first thing that is an definite given is to never sell gold to a website that even looks suspicious. And by suspicious we mean, if there’s no information about the company, then chances are they’re not going to be legit.

Yet, even with information you still may run into problems and that’s where the Better Business Bureau comes in. If the company is listed and it’s positive, then they’re probably a reputable company.

However, just because they’re not listed with the BBB, doesn’t mean they’re a bad company. It just means you’ll need to dig a little further by Googling them or asking around to find out what you can about their services.

Once you’ve done your research and you think you have the ideal company in mind, make sure you make copies of everything you send and photograph everything if possible.

And make sure you’ve insured the package. Taking the extra steps to copy gives you the added security that may just be needed should the company claim they never received your gold items.

One of the easiest ways to sell your gold on the web is through auction sites like Ebay and Amazon. With both you can post your gold jewelry, gold coins, gold bars, bullion, nuggets or whatever items you may have that contain gold.

You can set your own price and payment specifications and you can even include shipping and handling fees to keep your out of pocket expenses down as much as possible.

However, before you set a final bid price, you should always check the price for the precious metal beforehand. Then, take note that prices change on a daily basis, so selling your gold items at auction is fine, just remember that the price of gold does fluctuate.

And then once you’ve set your price for your gold items, by the end of the auction you may find that your profits were far more than you’d anticipated. Both Ebay and Amazon even allow you to check on your bidder’s history if there’s ever a concern.

Just keep in mind however that both auction sites do have seller fees, so you’ll need to keep that in mind when you set your price. Also, remember that not every auction is successful and you’ll still have to pay those seller fees even if you don’t make a sale.

Remember, when you sell gold online, to insure you’re not going to end up getting the shady end of the deal, always do your research, make copies and take any extra steps necessary before you seal the deal.

Sell gold locally and you may be asking yourself, “Where do I go, how do I get started?” And with the economy still at a standstill, you may even be wondering, “Who can really afford to buy what I have to offer?”

There’s no doubt that everything has skyrocketed and everyone is looking for the best deal possible. And because of the rise in prices, businesses are really beginning to take advantage of the financial disaster, but in a positive way. So while some businesses are offering lower prices, others are investing in buying and selling unwanted gold.

Now you may also be wondering why to sell gold to just a local buyer. Why not sell your gold to other places away from your community and make even more money? The answer is simple, really. When you sell your gold to a local buyer it usually means more money and less risk.

But, even when you work with a local gold buyer, there are a few things you need to keep in mind before you just jump right in and offer your gold items to just any business.

For example, you can’t always just go to any dealer and expect them to buy everything you have. Some businesses will only buy specific items. So while you can walk into a jewelry shop and sell gold jewelry, they may or may not give you top dollar for your gold coins.

You also need to keep in mind that there will probably be a difference in how pure every item you have is. They may be stamped with a 10k, 14k or 18k. The higher the number the more pure your gold will be in your item and the more money it will be worth.

Another piece of information you’ll want to keep in mind is if you’re selling anything that is old, you should check with a local antique dealer to see if the item is worth more in value for it’s age than for the price of the gold itself.

Also, keep in mind that when you’re shopping around for prices, that price quoted could go up or even down in a matter of hours since the standard price of a gold is set twice a day. You may be in for a bit of a surprise if the item you were getting a quote on that morning isn’t worth nearly as much as it was by noon time.

In addition, before you try selling your gold, you should always remove any other valuables attached to the piece such as stones or jewels. Not only does it give you a more accurate weight when you want a price for the item, it’s also extra income since you can sell the jewels and stones elsewhere.

And finally, always check your local yellow pages for every possible gold dealer in the area. Sometimes businesses can be around for years before anyone ever realizes they’re there, so having the yellow pages at your fingertips can come in very handy when you’re trying to sell gold locally.

Do you know where to sell gold for extra cash? You should find out because gold is a hot seller right now. That old gold jewelry cluttering your jewelry box is worth money.

Selling scrap gold is a great way to pad your pockets. Gold is always in demand. Even when the economy is not doing well, you can make money by selling unwanted gold. There’s always someone willing and able to buy what you have.

This is great news, but there’s a catch. You have to shop around for the best deal. Some gold buyers will not offer you a fair price. They might try to cheat you out of what you really deserve. That’s why you need a list of places to sell your gold. As long as you have options, you can get multiple price quotes.

Here’s a list to get you started.

1. Local Pawn Shop. The pawn shop is the first place most people go when they want to sell gold. It’s certainly the best place to go if you’re desperate for quick money.

The downside is the pawn shop owner will try to pay you as little as possible. The owner needs to turn a profit. And that means getting your gold for the smallest price possible.

Get your gold appraised before going to the pawn shop. An appraiser can give you an idea about the worth of your gold. You might even get lucky and have the appraiser offer to buy from you. Another thing to realize is the appraisal value almost has nothing to do with what you’ll actually get.

Pawn shops do not buy items at appraisal value. You could go in with a bracelet that’s worth $1500. The pawn shop owner definitely will not pay you that much. As mentioned earlier, the pawn shop has to make a profit. The owner has to buy the bracelet for less so they can sell it for more.

You should only sell to a pawn shop when you need the money immediately. You won’t get full value, but you will walk out of the store with cash in your pocket.

2. Online Auction. Online auction sites such as eBay provide a venue for selling unwanted gold. Before putting your goods up for auction, you need to get it appraised. Take the appraisal value into account when posting your auction.

eBay allows you to set a reserve price. A reserve price is the
lowest amount you’re willing to accept. Consider the $1500 bracelet from the first example.

You could put the bracelet up for auction, and set the reserve at $1500.  That means you will not accept anything less than that amount. However, bidders can still bid the price up beyond what you’re asking.

Getting More Information

Finding out where to sell gold locally is as easy as going online or picking up your phone book. You might also want to check into one of those companies that purchase gold through the mail. Whatever you decide, make sure you’re dealing with a reputable business.

Selling gold online is one of the many ways you can make some money from your unwanted gold items. And while it may not be one of the fastest ways, it is one of the easiest for many individuals who want to cash in on the recent gold rush using several resources available on the world wide web.

A great place to start is by using an auction site like Ebay. With Ebay you can auction off coins, jewelry, spoons, gold nuggets and even gold bars. Ebay lets you set your own price and payment specifications as well as shipping and handling fees if you want to.

And one of the biggest advantages of using an online auction site is that once you’ve set your price, you may even discover that your bidders will pay more for your items by the time the auction ends. Just remember that you will need to pay set up fees for the auction itself and even if your item doesn’t sell, you will still need to pay those fees.

Another great resource to sell gold to are businesses who specialize in buying gold by mail. These types of businesses will often send a mailing envelope that contains everything you need to itemize and send your scrap gold items to them. In addition, most will even pay for the shipping and insurance fees for your pieces.

Then, all you need to do is fill out the required information and send it back along with the items. The company will then weigh the gold pieces and send you a check for their value. Just be aware that once you receive the check and cash it, there’s no turning back.

Forums and groups that have an interest in the precious metal are another great way to sell your gold pieces. Most of these types of sites have free membership and will allow you to post to their site as long as it pertains to the subject matter.

Just be sure you are following their guidelines when you post and never spam the members, otherwise you’ll find yourself booted from the site.

Online classifieds can become another way for you to sell gold for cash. Most online classifieds are free to post to. A great example of this is Craigslist.

Craigslist allows you to post an ad for free to any area you choose. However, as with any classified ad, you’ll want to use caution with the information you give out since not every buyer will be legit.

And speaking of legit, when it comes to dealing with any business or individual online, never sell to a website or buyer who seems suspicious. If there’s no information on the company whatsoever, then chances are they’re going to run with your valuables.

And if an individual your dealing with seems pushy or isn’t willing to do things your way, then it’s a very good idea to find another buyer.

Yes, selling gold online can be a lot easier than face to face, but you also need to be willing to take the steps necessary to assure that you don’t get the bad end of the deal either.

Many individuals are asking the question, “Where can I sell gold”, and they’re certainly not alone. With the continued steady rise in the price of gold and the economy continuing to falter, a lot of people are cashing in their old scrap gold.

Even so, not every business that buys gold is willing to give you the best deal out there and of course not all of them are reputable either.

So before you get taken to the cleaners, one of the first things you should always do when dealing with any company is check with the Better Business Bureau just to make sure that they’re worth selling to.

However, you do need to keep in mind that not every good or bad business will even be listed with the Better Business Bureau, so always do your homework.

Of course doing your homework shouldn’t just be left to a background check of the business. One of the first places many people run to when they have something of value to sell is a pawnshop.

Pawnshops are actually not always the best place to sell gold to and should be the last place you consider if you want to make top dollar for your gold items. Pawnbrokers are more about loaning money than anything else and most of the money they loan never gets paid back, so it’s a risk for them to buy and sell gold for cash and rarely give their customers a break.

One of the best places however to sell your scrap gold to is sometimes a jewelry store. The only downfall to a store like this is that sometimes they’ll only purchase jewelry that’s in good condition or easily repairable.

So if you have anything other than jewelry you may have to sell your gold pieces elsewhere. But, if you’ve got the right stuff, chances are you’ll at least get 70% of the going rate, minus their take of fees.

One of the biggest businesses when it comes to buying and selling scrap gold are online businesses who offer you the convenience of dealing through the mail.

For the most part, if the business has a good reputation it should be safe enough to send your gold items through the mail, however if something happens in between the time you send the package and the time they receive it, you may not find it to be such a good deal after all.

Still, most businesses are willing to pay for insurance, shipping any other fees that are necessary to ship your goods, but if you have a lot of gold to sell the insurance may not cover it. And then keep in mind once you receive the check and cash it in, there’s no changing your mind.

If you want to sell gold that is in fairly excellent shape, you could turn to brokerage firms you may be willing to invest in what you have. Or if you live in a bigger city such as Las Vegas, trade and jewelry shows are both great options that you may want to consider as well.

Of course if you’re still asking that very same question of, “Where can I sell gold”, you may find that research is your best option if you’re looking for a particular way to get rid of your old gold.

Think you can’t sell broken gold for cash? Well, think again. Even with the economy at a stand still, gold buyers have an interest in purchasing your old gold more than ever. And at a going rate of  around $1100 an ounce, it’s the perfect time for you to cash in on this booming business if you can.

And of course everywhere you turn, there is always a business offering to buy up broken gold jewelry, dental pieces and more, which can be very profitable, especially if you have a lot to sell. However, even at the going rate of $1100 per an ounce, you shouldn’t expect to get much more than 70% of that amount anywhere you try to sell gold.

Also, keep in mind that not every buyer will be willing to give you top dollar for your gold pieces, so you’ll want to shop around. You may find the easiest way to get rid of your treasured scrap gold is to sell your gold locally.

Now your first instinct may be to head straight to the pawn shop to get rid of your unwanted jewelry. However, this should perhaps be your last choice since pawn brokers often won’t give you top dollar for your items.

You may find that some jewelry stores will offer you close to the going rate for the precious metal, but that will also depend if they are willing to buy pieces that are non-repairable.

Another option you may want to consider is a gold selling party. These types of parties can either be attended if you know of one being hosted in your neighborhood or you can host your own if you enjoy entertaining. Parties like these consist of guests brings their gold jewelry or other precious metal pieces, which are then appraised and bought on the spot for the quoted price.

Sometimes trade shows are an excellent way to find brokers who may be interested in purchasing your gold items. This is usually a great resource for those who don’t mind driving to a bigger city where trade shows usually occur.

The Internet is another excellent resource for selling unwanted gold. Places such as eBay are a great way to auction off your old gold items and you may even be able to make a little more through a private individual verses a gold buyer. Of course you should also keep in mind that you’ll need to pay listing fees, closing fees and any other funds that are asked for by auction sites like eBay, so you’ll want to figure in these costs in as well.

Other online resources you may want to consider are forums that may have an interest in the precious metal, companies who offer you the opportunity to mail in your goods to them where they’ll evaluate their worth and in return send you a check.

Offline you may find that classified ads are the way to go if you don’t mind the wait, but keep in mind, you’ll have to pay a listing fee for your ad. And, don’t forget your friends and family who are sometimes the best resource when you want to sell broken gold.