If you’ve ever considered selling unwanted gold for cash, you’re certainly not alone. But, what if you don’t actually have any to sell? Many of us would love to profit from the recent rise in the price of gold, but often don’t because we think the only ones who can are people who already own the some. However, that may just not true.

There’s no reason your average Joe or housewife who’s never owned valuable gold or gold jewelry can’t make some extra cash like everyone else. As a matter of fact, there’s really no reason not to, if you need to make some extra money.

Look for other people who are willing to host a gold selling party in their home. If they’re leery, you can always get the ball rolling by offering to host it in your own home. When you host a party you generally have two options.

If you’re not playing the host, you’ll want to buy or borrow a weight scale and gold testing kit that can test the authenticity of the gold being offered for sale. Keep in mind that you’ll need a source to sell your gold purchases to at a profit for yourself.

If you’re willing to host the party yourself, you can save some money by hosting a party on a commission for companies wanting to buy gold. You won’t make nearly as much money as if you do it yourself, but you won’t have to worry about weighing, testing or appraising the goods since these companies do this for you.

If you have some money you want to invest, you could place an ad in your local newspaper offering to buy the gold and or gold coins. Before you make a deal however, you’ll want to test and weight the items in question to make sure they’re really as valuable as you think.

If you’re not in a hurry to make your money, you might try searching for the valuable metal using a metal detector. There are some downfalls to this method, however. Depending on the areas you search you may find very little if any at all and the areas you are able to search may be limited. On a positive note, you could find other valuables.

No matter which method is right for you, selling unwanted gold for cash is simpler than most people think. With determination and an open mind, the possibilities and bucks are unlimited.

A few days ago a very good friend called me. Her son had been digging in their backyard and found what appeared to be a very valuable diamond ring. Because there was no way of knowing how long the ring had been there, my friend called me to ask more about the ring. Several of the diamonds were missing, so to her it really wasn’t worth keeping. Since times are hard, and just about every one could use some extra cash, I wasn’t surprised when the next words from her were, “How can I sell my scrap gold?”

Generally a jewelry store would be the first place to go to see about selling your scrap gold, since they can pay a very decent price for a ring such as my friend’s. However, some jewelry stores aren’t willing to purchase items that need major restoration and some don’t want jewelry with any damage.

Many people may suggest going to a pawnshop. However, this can be the worst places to take your jewelry since they often offer very little money for it. Pawnshops are used to dealing with people down on their luck, and often take advantage of that situation by not offering a good price for people’s valuables.

Sometimes you can find brokers that want to buy your valuables if you know where to look. Often these guys will place an ad in the newspaper offering to buy your old jewelry, coins and other precious metals, but they can also be found at trade shows.

If you’re not in a hurry to sell, auctions may be a great opportunity. However, local auctions are primarily for those wanting to sell a lot of stuff. You may find an auction house that will list your individual items, but these places usually want items in decent condition.

Online auction sites like eBay and others are a good choice since they can offer your jewelry to a wider audience. You should be aware however, if your item doesn’t get any bids, you may still be responsible for listing fees, which usually are not very much.

Often the best resources are your friends and family. There’s no shame in asking family and friends, “How can I sell my scrap gold?”  They may very well know of a few places that you didn’t think of.

Isn’t it great how you can sell gold for some quick cash at the moment? If you’re like me I bet you’re wondering if it’s worth trying to buy it as well. If you’re willing to take some risk it probably is worth it. So where do you go from here?

If you have a way of testing the precious metal or know someone who does, you could consider a gold selling home party. Home parties are the latest craze, especially for those who are looking to get rid of their old jewelry and make a little money.

However, it can also be a wonderful experience for those who are looking to buy and make money as well. You should be aware however that unless you find jewelry for a steal, there’s really no decent profit to be made since the resale value isn’t that great.

Check your local newspaper for those who are looking to get rid of coins and jewelry. If you don’t mind spending a little to make some money, you could also place an ad in the newspaper looking for coins or jewelry.

Online auctions are another great way to find some really good deals on precious metals. When you’re looking for sellers, be sure they have a really positive record since you’re dealing with online purchases and there’s no guarantee of the authenticity of the item.

Yard sales and estate sales can be an easy way to find jewelry and coins. These are often the best places to buy precious metals since most people don’t want the hassle of keeping leftovers from the sale and will bargain easily.

Selling jewelry and coins is sometimes a little easier than buying. You can take your jewelry to home parties even if it’s broken or scrap. You can also take jewelry to a jewelry store that will probably give you the best price for your items.

The best place to take coins are generally coin dealers. Shop around before just choosing any dealer, however. Sometimes you can get a better deal when you’re trying to sell gold by heading out of town. If definitely never hurts to try and you just mind end up with a nice price.

More and more online websites are offering gold selling kits and information on how to have a gold selling party. Of course one might think that men are the ones that are in charge of this money making venture, yet it’s the ladies who are really taking advantage of this opportunity. And why not?

For years women have been hosting various home parties and selling household goods, makeup and personal enhancement products to help make ends meet without having to leave their babies in the hands of a stranger. So it’s really no surprise that they would want to sell their unwanted gold jewelry, coins or bullion for the very same reason.

If a host wishes to do all of the work, the first step would be to contact a company who provides services and kits for these types of parties. They should make sure that the kits include a weight scale and a test kit, which can determine if the gold jewelry is real and what carat it is – 10K , 14K, 18K. Sometimes a kit may even come with directions for hosting the parties.

If a little less work sounds more appealing there are some companies who offer full services and leave very little work for the host. In general guests would be supplied with an invitation to the home or other place of destination and the host may serve appetizers and/or drinks.

When a full service company is hired, an appraiser is often provided instead of a kit. The appraiser would then weigh and purchase the jewelry, coins or bullion brought by guests. Usually there are no extra fees for this type of service, making it an easier choice for many women and the host still profits by receiving a certain percentage of the total sales.

A few things to remember:

Unless you want a lot of strangers in your home, it’s probably better to play hostess in a rented location or keep the invitation list strictly with people you know and trust.

Remind friends that if the items they’re willing to sell have any sentimental value, it’s probably better to leave them at home. Otherwise they may later regret their decision to sell those items.

Having a gold selling party should be fun and relaxing, but you should also keep things professional. And remember; never force anyone to sell anything they don’t want to unless you want to lose a few friends in the end.

If you’re familiar with the words gold rush, you’ve probably already found yourself excited about the idea of making some cash off of your old coins and jewelry or maybe you’ve consider investing in gold. But would you know where to go from there? If you want to sell gold, would you know what your options are?

At one time, the only places offering to buy your gold coins or gold jewelry were pawn shops and jewelry stores and if you had gold bullion it was nearly impossible to find a buyer.

Times have changed however and so have your options for selling your precious metals. Many companies are now advertising to buy gold through television and there are gold selling sites where you can sell gold online online. You can even host a private party to sell your gold.

Flip through any infomercial television station and you’re bound to run across someone offering to buy your gold. You should be aware however; most of these companies offering to buy your goods will generally give you a lower price than its current value.

Surf the web and you’ll find a growing number of companies offering to buy your gold coins and jewelry online. These online dealers usually send you a package containing an insured envelope and sometimes a merchandise form. If they don’t you should probably run the other way. If they do send a form be sure to make a copy for yourself and take photos of your items just in case there’s a problem.

If you’re familiar with online auctions sites, this might be the route to go if you’re hoping for a specific price. Auction sites can sometimes attract buyers who are willing to bid on your asking price. And in most cases you’re in control of how you want to sell your items.

Private parties are the latest way to cash in on some extra money by attending a party and having your gold jewelry appraised and purchased onsite. However, these types are parties aren’t always the best option since you won’t get nearly as much as you would from some other sources.

Of course as with any company, always do your research. With the sudden high rise in the price of gold, many companies are taking advantage. One of the best ways to find out if a company you want to sell gold to is legit is by checking to see if they are registered with the Better Business Bureau and if they have any complaints on file. It’s always better to be safe than sorry.

Thanks to the government’s financial disaster, many people have been feeling the pinch of not having enough money to cover their bills on a month-to-month basis. A few weeks ago it hit home when my father-in-law announced, “I need to sell my gold today.” They were words I never thought I’d hear him say.

My father-in-law is proud of his coin collection. As a matter of fact, there’s not a visit that goes by when he doesn’t bring out his coins to show them off. So to hear my father-in-law utter those words was practically heartbreaking. Yet, what can you do? When money is needed for food and bills you have to do what you can, just as my father-in-law did.

Of course there are numerous buyers out there who are willing to take your precious metals off of your hands. But, not everyone is willing to give you the cash you need, immediately. That’s almost a rare thing unless you’re willing or actually can find a local dealer.

My father-in-law lives in a small town, so about the only buyers he could find in his area were pawnbrokers and jewelry stores. He ended up having to travel almost 2 hours away to make any sort of decent money from his collection of coins.

If you’ve been thinking about selling your own coin collection or jewelry, your best bet is to stick to the local dealers if you’re looking for fast cash. Internet and television companies who deal in precious metals can take weeks to send you your money and it’s a safe bet they’ll be sending a check, which you’ll want to clear with your bank first. So by the time everything has been cleared, you could be waiting for at least a few weeks, if not longer!

You could try auctioning off your items, but most auction houses require a week’s notice and sometimes longer to advertise your items for the auction. And if you’re considering an Internet auction site, those can take weeks.

If you don’t mind waiting a few days, you might want to consider having a yard sale. As silly as it may sound, you’d be surprised how many dealers are willing to drop by a yard sale to find some great treasures.

If you’ve got gold scraps that you want to get rid of, try asking your local coin shops if they’re buying. If they’re not, they might at least know of a buyer in the area who is. Jewelry stores are also a good resource since some may be willing to buy your old gold scraps and restore them.

And finally, check the classifieds in your local newspaper if you need to sell gold immediately. Often times there are dealers or private individuals looking to buy gold. Just remember to do your research before you accept just any offer!

With the economy going down hill fast, it’s hard to make a decent living and still manage to keep our heads above water. Everything has skyrocketed and many businesses are taking advantage of the financial disaster in more ways than one.

One of the best ways many of us are finding a little financial relief is by buying and selling precious metals. Right now it’s a very popular business and more and more people are learning how to sell gold locally.

Of course there is the question of why just offer your scrap gold to a local buyer only. Why not expand to other areas and make an even bigger profit? The answer is simple. Selling to a local buyer means more of a profit and less of a risk. 

However, before you just jump right out there and offer your gold to anyone, there are a few things you should keep in mind.

For instance, not every gold dealer will want everything you have. Some only deal in specific items. So while you may walk into a coin shop with gold coins, you may or may not be able to sell your gold jewelry or possibly gold bars there. There is also a difference in how pure your gold is. 10k, 18k and 24k each have different values.

Another thing to keep in mind is if you’re selling coins be sure the date on the coin is not worth more than its precious metal content. You may be surprised to learn that the coin is far more valuable for its date of minting.

If you’re just checking for quotes, you should be aware that the quoted price could change in a matter of hours. So if you asked for a quote early in the day and then decide to come back later in the afternoon to sell your gold for that price, you may very well be in for a rude awakening. The standard price of a precious metal is actually set twice a day.

If you’re planning to sell scrap you should remove any other valuables such as jewels before selling. Not only does this make things easier when weighing the items, it’s also extra money in your pocket since you may profit from the jewels as well.

When in doubt on where the best dealers are hidden locally, check your local yellow pages. And don’t forget that places like auction houses and brokerages are a valuable resource when you want to sell gold as well.

Times are tough and with the economy becoming even worse you may be considering parting with some of your old jewelry. If so, you may also be wondering where you can sell gold jewelry.

Many people may suggest that you visit a pawn shop. This should be your very last stop however, since most pawnbrokers aren’t willing to give you top dollar for your items. And if you’ve ever stepped foot inside of a pawn shop you’ll know why! Practically everyone wants to pawn their items, so this creates a lot of risks and these guys just want to make as much money as they can.

If you have a local jewelry store, you may want to check with them to see if they would be willing to by your items. Although they might not give you top dollar for your pieces, they will probably be able to offer you a lot more than a pawn shop would.

If you don’t know of a jewelry store in your area you can try asking family or friends if they know of one in their area that is reputable. If you’re planning a trip to their area, it might be worth the visit since you’ll be in the area anyway.

If you’re a night owl you may have noticed that there are quite a few gold buying infomercials offering to buy your gold, however you should be cautious when you’re dealing with these types of companies.

Unless you know that they are reputable from friends or family, you’re probably better off elsewhere unless you want to risk the possibility of never getting your money.

If you’re hoping for a little more than market value, you may want to consider putting your items up for auction. Keep in mind however; that auction sites both on and offline do charge a fee, so unless your pieces are extremely valuable, you’re probably better off selling them to a dealer.

If you know of a private individual who would be interested in what you have for sale, this might be an ideal way of selling your gold and is also an easy way to avoid any fees. However, if the individual isn’t familiar with the current value of your items, he or she may not be willing to pay you full price.

Other resources you may want to consider when trying to sell gold jewelry are classified ads both online and offline, social networking sites, online lists that allow you to post without a fee or your own website or blog.

Chances are if you’re reading this article, you’re looking for a way to make some extra money and if you’re like most, you may be wondering if you can sell gold for scrap. Well, it’s possible if you know how.

Generally when you’re scrapping a precious metal like this one, you want to do your homework. While you can make a bit of a profit from this type of selling, some pieces are worth far more than that.

Items that are usually scrapped include bent or broken jewelry, simple wedding bands or other rings such as class rings that aren’t very valuable on their own, defective or damaged coins, dental crowns and bridgework, single earrings, nuggets, wire, watches and electronics.

These items are generally those that are not easily repairable.

Before you decide on a buyer, you should separate your items first. The easiest way to do this is by seperating them into piles of 10k, 14k, 18k and so forth. The next thing you’ll want to do is remove anything that may be of value to another buyer such as precious jewels or stones. This will also help give you a better idea of the weight of the pieces you do want to profit from.

If possible, weigh your scrap gold so that you will have an idea of how much precious metal you have. You should try to use a digital scale when possible, that way you’ll know the exact amount you have.

Weighing your items will also assure that your buyer isn’t trying to pull a fast one when it comes to exactly how much you have.

Your next step should be to call around to area buyers who specialize in buying gold and ask them how much they would be willing to pay for your items.

If there are no local buyers in your area, try offering it to your local jewelry stores. Just keep in mind that they may only want jewelry that can be restored.

If there are no willing buyers in your area, you may want to consider placing a classified ad in you local paper to let potential buyers know what you are selling. Just be sure you have a good idea of the exact worth of the items before you accept just any offer.

Another option would be to use an online gold buyer who offers a special kit which generally includes a prepaid envelope and sometimes documents that will allow you to write out a description of every item you are sending them.

You should use caution when dealing with an online buyer, however. Most online buyers aren’t worth selling to if you don’t have a lot of scraps.

And finally, you should always remember that when you sell scrap gold, the price the buyer offers will more than likely change from one day to the next.

So be sure you get the price you were quoted in writing before you close the deal. And if all else fails, you could always try selling your scrap at auction either online or offline.

My father-in-law is a very smart man. Years before the economy collapsed he began investing in precious metals. He purchased coins, jewelry and even nuggets. Now just like everyone else, he’s at risk of a lay off and is finding himself falling behind on his mortgage payments. Just recently he started doing research on the best way to sell gold and what he found was astonishing.

Right now it seems everyone wants to buy the precious metal, yet very few are willing to pay top dollar. The reason it seems is the economy. No one is willing to buy anything unless it’s absolutely necessary and then it must be at the lowest price possible. Of course we complain about how we’re getting ripped off by businesses that are willing to buy what we have to offer, yet we never stop and think we ourselves are guilty of the very same thing.

In this economy everyone is feeling the pinch. But instead of complaining about what companies aren’t doing, we need to focus on what we already have and then decide what’s best when it comes to securing our future. For some it may mean using local resources while others may choose to venture further through media sources and technology. In the end however, it will all come down to the research.

After my father-in-law turned down a local buyer, he started checking around with other buyers in the area and compared prices. He learned that not everyone was so nice. While some buyers would give him a quote, others told him they wouldn’t unless he was willing to sell to them right there on the spot.

He also learned that not all buyers and dealers are interested in the same thing. For example, the weight of the metal can make all the difference when it comes to the buyer. Also, some dealers only deal in specific pieces such as coins, bars, scrap or jewelry. 

In addition to knowing what each buyer is interested in, you also need to understand that gold prices are set on a day-to-day basis. Each piece is based on a troy ounce and the price per ounce changes daily. So when a buyer offers a specific price for that piece, that price may change by the end of the day.

Once you’ve shopped around and think you have the best buyer, keep these tips in mind.

• Pawn shops and television companies dealing in precious metals are generally the worst place to deal with. They offer the lowest prices for your gold. You’re better off taking your goods elsewhere.

• If you have a lot of broken jewelry, then selling it as scrap gold might be an excellent option. Before you hand over the jewelry to just anyone, call around and find out how much each dealer is offering per gram or ounce. If you’re looking at selling the scrap to an online dealer, take precautions by only going with a company that offers free insured shipping. You should also itemize your goods and make a record, then if possible take a photograph of the items.

• If you want to make the best possible amount from your goods, you may want to consider selling through an online auction site or to a private individual. Most dealers are looking to make a profit and won’t offer you the exact worth of your items.

• When it comes to which is the fastest to profit from, gold coins win hands down. Coins are smaller which makes them easier for buyers to resale without being an extremely risky deal. They’re also easier to get rid of when you only have a few.

Finally, keep in mind that not every dealer you find is reputable. My father-in-law realized this when his first stop was a local coins dealer who offered him 50% less for his coin collection than other buyers did. So, I’m pretty sure my father-in-law was thankful he did his research on how to sell gold. Otherwise he might not have gotten the best deal on his collection!