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.

Gold prices

Business is still booming and as a matter of fact hasn’t really let up since the precious metal craze brought hundreds of thousands of consumers to pawn brokers, jewelry stores and anywhere they could sell gold in 2008.

In fact, many consumers are digging in their jewelry boxes and finding bracelets, rings and necklaces that have been tucked away and forgotten about. Even dental crowns, retainers and gold coins are being offered and bought!

And because the precious metal is considered a safe investment due to its popularity, the value of it is pretty much stable. You could have a bar of the stuff that your great-grandfather purchased for $50 and it would still be worth $1,119 an ounce today.

Because gold is stable and so highly sought after, many investors are considering the metal as a way to protect themselves against the falling dollar. What investors have learned is that the dollar is a weak investment doe to the record-low interest rates. As a matter of fact many foreign banks are now buying up the precious metal for diversity.

And thanks to that foreign interest, the rise of its price has been outstanding. In just this month alone the metal has gone up 7% and 26% just for this year. And unless this frenzy comes to a complete stop, it may very well continue to rise in price to as much as $1,500 or more an ounce.

Still, there are some speculators who believe that the increases are only going to be short term and that it won’t last for very much longer. Even so, people are still cashing in on their valuables anywhere that’s willing to buy them.

However, this frenzy has caused a little bit of trouble like the fall in jewelry sales, which had already suffered, do to the recession. While many consumers are willing to sell their jewelry, they’re not willing to buy it. And some investors are even worried that jewelry stores may very well die out.

But of course that hasn’t stopped most investors from buying up the valuable stuff. So if you’re looking to cash in and get a little holiday cash, talk to your local dealers and look for one who’s willing to give you at least 70% of the current going rate. Generally jewelry stores and coin shops are best since pawnbrokers don’t always give the best deals. And if you’re waiting for an even greater rise in the price of gold, it could go either way.

You never know when this frenzy is going to last and some experts are speculating that it could fall if the economy gets better. Furthermore, those gold prices that have been rising, could fall, just as it did in the 1980’s.

Gold Selling Private Parties are the perfect way to sell gold if you know of a friend hosting one or you’re willing to host one yourself. Not to mention that because they’re not really open to the public, you can pick or choose who you want to extend an invitation to, should you decide to host one.

However, before you send out those invites or accept one, there are a few things you need to keep in mind to assure the party you host or plan to attend is a success.

First of all, you should keep in mind that when you’re selling gold using this method, you will usually only get up to half of the market value that your piece is worth. So while you’re probably going to get more than you would from a pawnshop through gold selling parties, you may get less than you would from a local refiner or jewelry store.

You should also keep in mind that when you’re trying to sell gold jewelry at an event like this, don’t sell a family heirloom, anything worth more than the gold content itself, and don’t leave valuable gems or stones in the piece. What you can do is sell gold scrap, which would include pieces like broken jewelry and anything that isn’t worth much in face value.

However, if you’re thinking about  selling gold coins, by all means, go for it if you know their value is worth far less than the precious metal they’re made from. And if you’re just not sure of their worth, you can take them to a coin dealer or collector who can tell you whether it’s worth trying to sell gold coins at the party or not.

Also, if you’re unfamiliar with how to sell gold in the first place, you may want to consider having an antique appraiser take a look at your pieces before you part with them at a party. Just because your item is made from the precious metal, doesn’t mean it’s worth more than the face value of it.

And if you’re unsure of  where to sell gold at if your piece is worth more than its gold content, start by talking to the person you had your piece appraised with. Chances are if it’s old, they may have an interest in buying the piece or at the very least, know of someone who would be interested.

But, the good news is, if you’re willing to be a host, you don’t have to really worry about selling your gold unless you really want to. And of course you can still make money by commission just from your friends and family who sell what they have. Keep in mind though, that you may need to pay out of pocket expenses for a party kit or appraiser in order to get started. You may also need to pay for any appetizers and drinks that will be served at the party.

And finally, always know what the actual market price is before you attend or host any gold selling private parties. Appraisers aren’t perfect and not all of them are willing to pay top dollar for yours or your friends valuables.

When I first began looking for selling gold tips, there honestly wasn’t much to find, and most of the information I did find covered very little on the topic. And because I don’t believe you should have to go through the same ordeal I did, I want to share with you what I’ve learned about selling gold and how to get the most money for your gold items.

1. Don’t sell gold to pawn shops unless you don‘t have any other options, or you‘ve found that they are actually paying top dollar for your gold. Pawnbrokers often offer the lowest price possible because they have a need to make as much of a profit as they can from your valuables when they resell them. Pawn shops should always be a last resort for selling your gold items.

2. When you need to sell gold jewelry, your local jeweler can be a good option just as long as the piece is in very good condition. If however, your jewelry piece is broken or in need of any type of repairs, most jewelry stores won’t be interested unless they think they can make a really good profit from it. And if they do have an interest in your damaged jewelry, they won’t give you nearly as much as they would for the pieces that are in good condition.

3. If you want to sell gold coins, a coin dealer can give you a good price on your coins if they’re in good shape. But, before you consider selling gold coins for their gold content, find out if their worth more for their collectible value. Some coins can fetch a higher price for their historical pedigree than for their gold content.

4. When it comes to where to sell gold, don’t forget the internet. Using the internet to sell your gold can be just as profitable as the offline world. One of the most popular online buyers for precious metal are refiners. Online refiners generally host a website that gives you the option to enter your personal information in order for you to get a free kit by mail that let’s you send your gold to sell back to them. Before you go with just any online refiner however, make sure you do your research first.

5. The best way to determine whether or not you’re getting a fair deal is by checking the daily market value price for gold. You can do this by typing in the words, “how to sell gold” and find numerous applications and tools for finding and calculating the price of the precious metal.

6. And don’t forget when you’re considering other options for selling gold online, you can make a profit from your items through auction websites like eBay and classified webpages such as Craigslist to individuals looking to add to their collection. (And be very careful about people you meet through Craigslist.)

With the above selling gold tips and a little research, I hope that you find much success and profit in your journey with selling gold for cash.

If you want to sell gold or silver, you may be surprised to learn that even though both metals are at a record level price, a lot of people are still waiting it out as much as they can before they cash in. And with the economy still in shambles, many people believe that the price of both metals will continue to soar as the dollar bill continues to drop.

And with prices going up in mortgage rates, taxes and so forth, many consumers are holding out for the price of the metals to increase as well. Those who sell gold and silver know that its history shows 30 years of increasing value and because both metals are secure verses the dollar bill, it’s seen as the perfect investment by those who are buying and selling gold and it’s counterpart.

As far back as man can remember people have sought out both metals simply because of their scarcity. And while both are certainly rare, more and more of us have sought to sell gold the most. People want it. The world wants it. And someday the precious metal may very well be the only real source of real money for our country, since we’re currently hanging by a very thin thread with paper currency.

We’ve borrowed so much from other countries that we’ve exhausted our sources. We are so far in debt that there’s very little hope that we’ll ever get out. And sooner or later it’s a very real possibility that our paper currency may be worthless.

Yet, if you have gold to sell, your chances of separating yourself from being a part of our country’s debt is very good. Before you make a decision on how to sell gold however, you need to understand just how much the precious metal is worth.

The first thing you need to do is separate your valuables into piles. Place coins in one pile, jewelry in another pile and so forth. And don’t forget that while it’s obvious that you can sell gold coins and gold jewelry, it’s also possible to sell scrap gold. If you’re unsure what should be considered scrap, items that are broken, damaged or in very bad condition will generally fall into this category.

Next you’ll need to decide how much of the precious metal is in each item. And while it’s easy enough to determine this in jewelry by knowing its karat, if you have items that are antique and unmarked, you may need a professional appraiser to help you decide how much your item is worth.

Once you know the karat of each item, you’ll want to use a digital scale to weigh each pile and then note the weight in ounces.

Then you’ll need to look up the spot price of the precious metal the same day you plan to sell your gold or silver. You’ll then need to take the spot price and multiply it by how many ounces of the precious metal you’re selling.

Then you need to decide where to sell your gold. Where you sell it will depend on the items you have. For example if you’re going to sell gold jewelry, you might want to take it to a jeweler, but if you’re selling gold coins, you’d want to take it to a coin dealer. Or if you plan to sell gold or silver scrap, you’ll want to find a buy sell gold and silver online or local dealer to sell it to.

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.

When I wanted to learn how to sell my gold and get a fair price without getting ripped off, it took a great deal of research on how to sell gold before I discovered that very secret. Often times, selling gold can seem like a very confusing challenge, especially if you’re not very familiar with the process.

However, despite how confusing it may seem, one of the easiest ways to sell gold and profit from it, is by learning how the process works. And what it all comes down to is this:

Worth -You need to know what the value of your items are really worth. You have to know how much of the precious metal your item contains. One of the easiest ways to tell is by looking for a stamp or impression on the item. On jewelry pieces the markings can usually be found in the form of 8k, 10k, 14k and 18k. The higher the number, the more pure gold the item contains, and the more you’ll be able to sell your gold jewelry piece for.

Weight – The weight of your item is also a must know, no matter if you’re selling gold coins or trying to sell gold jewelry. Knowing how much your gold item weighs, along with the carat number, will help to determine how much money you will get for your item. One of the best ways to figure out how much your item weighs is by having a jeweler weigh the item for you, or you can do it yourself by purchasing a digital scale.

Quality – Not a lot of people realize that the quality of the piece, especially in jewelry is extremely important to dealers. And while it may seem like a good idea to accept an offer for the precious metal content of the item just by itself, you can actually make more of a profit by selling old gold for its historical value on some pieces. Also a jewelry piece that is handmade may be worth far more than one that is made by a machine because of their quality craftsmanship.

Research – Research is almost always a step many of us tend to forget. We often find ourselves in a hurry to sell gold coins, jewelry or whatever the valuable item may be to the first business we see or are familiar with.

When it comes to the question of where to sell gold, think refiners if you’re selling scrap gold, jewelry stores if you’re selling gold jewelry and private collectors if you want to sell gold for the best price. And if all else fails, don’t forget auction houses, antique dealers, estate houses and brokerage firms who may have an interest in your items.

When it comes to buying and selling gold, people have really taken an interest due to the recent record prices and the downfall of the economy. However, many people often make the mistake of just buying the first jewelry piece or coin they see and never really do their research beforehand. Without research, that coin you thought was going to be worth a lot of money may be worth a lot less than what you paid for it.

And sadly, there are a lot of scammers out in the world, willing to take advantage of someone’s lack of knowledge, so before you invest in that really good deal, stop and question that item’s real worth, and arm yourself with the following guidelines before you make that final decision.

It’s always important that the business you choose to deal with be not only reputable, but an expert in the items they’re offering to sell you.

You as a consumer must know the actual  market cost of gold to sell. Prices for the precious metal fluctuate all day long, so you’ll need to check the price that very same day you’re planning to sell gold. And if you’re planning to buy gold, you should expect to pay a higher premium for pieces that are 1/10th, 1/4th and ½ ounce verses those that are a full ounce.

You’ll also need to understand that when you’re selling gold, there will always be fees or commissions included in the total price. Every business in the buy sell gold industry will get their cut, some higher than others.

Keep in mind that anytime you’re selling gold for cash, there’s always risk. Not every business is reputable and even if you’ve done your research, there’s always that chance that something will go wrong. And when your interest lies in purchasing the precious metal, keep in mind that there’s always a chance that the price to sell your gold later on may drop. The price of gold can go up and down.

And finally, a few terms you may want to remember when you’re learning how to sell gold:

Bullion is a term used to describe an item that is valued by its weight in the precious metal.

Spot price is a term meaning the open market price for a rare metal or commodity.

Troy is the term used to measure the price of the precious metal. A troy ounce is 480 grains or 31.1034768 grams.

With the above knowledge, buying and selling gold can be learned over time, just as long as you have the understanding and do the research that’s required. And with a little patience, you can be well on your way to a profitable business no matter how little or much you have invested in the valuable metal.

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.

If I want to sell my gold, what should I know? It’s a question that many owners of the precious metal often ask. If you’re unfamiliar with how to sell gold, here are a few things you need to keep in mind.

For instance, if you want to sell gold jewelry, it’s not always a good idea to try selling the unwanted pieces as scrap. When you’re selling items for scrap value, the value is based on the metal alone and not the historical value or quality of the jewelry piece. So often times when you have jewelry made from gold to sell, you could wind up losing as much as half of what you’d get if you were to sell it for its retail value.

However, not every jewelry piece will have a good enough retail value, such as a plain wedding band or simple chain necklace, and it would be better off being sold for its scrap value.

But even when you’re armed with this knowledge, you should still have a good idea of what your gold items are worth. You could easily have the items appraised if you know they‘re antique, but if the item isn’t worth as much as the appraisal fee, you could end up losing money.

If you have scrap gold to sell, an appraiser is usually unnecessary since the price is generally based on the melt down value of the item. Based on the current market value of gold, the gold buyer will buy your scrap gold at some percentage of the current market value of gold. (Dealers usually quote their prices in either ounces or grams. A troy ounce has 31.1 grams.)

Once the weight of your scrap gold items is determined, the dealer will then base what he’ll pay you on the going rate also known as spot price for gold and take a portion of the total price for their own profit before giving you a final quote. Generally a fair buyer will take no more than 30% of the total price and some may even take as little as 10%. Anything more than 20 or 30% should have you selling your valuables elsewhere.

One of the best places for selling unwanted gold are jewelry stores since they’ll likely give you up to 80% of the market value if your pieces are in good shape. Pawnshops are often not the best places to sell gold for cash since they don’t always offer a very fair price and are generally only interested in buying very low and selling high.

And finally, always remove jewels and other pieces that aren’t gold if you’re planning to scrap any jewelry. Businesses who buy scrap gold won’t give you any more for your jewelry items than what their metal value is worth, so you might as well make some extra money selling the jewels and non-gold items to another buyer.

Now that we’ve answered the question of, ‘If I want to sell my gold, what should I know,’ remember, to do your homework.