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Selling Gold Online Tips and Safeguards

Selling Gold Online

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.

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