People buy and sell gold for various reasons. Some do it for a living, but not everyone wants to become a professional at it. Still, it doesn’t mean we don’t want to sell gold at all, so how does the average Joe get started?

First and foremost, in order to sell your gold you actually need take into consideration how your buyer deals. Most buyers who deal with the public will give you 10 to 20% below the spot price. They will want to make a profit and will need to resale your items in order to make it.

If you don’t mind selling your gold to a private individual, you may be able to get the spot price or even more if that person has a considerable interest in your gold items. And in most cases you won’t even need to worry about commissioning fees if you take advantage of free resources.

Next, know what you’ve got. Generally gold coins are desired more than gold bars. Most buyers would rather not have to pay a large sum of money for a bar when they can invest in a smaller amount of gold like coins, and will often be willing to pay a little more than their spot price.

Then, consider who you’re selling to. While not every business is going to take your goods and run, if you’re thinking about going online to sell used gold, some individuals and even some legitimate businesses will tell you, it can be a risky business to send your items to a buyer by mail. The same thing applies when you’re buying gold pieces by mail from a business or even individual through popular websites like eBay.

Just make sure that you’re dealing with a reputable business, one that is a member in good standing with the BBB is a good idea. (Just remember that not all legitimate businesses are members of the BBB.)

But even if you choose to stay away from the online world and offer your gold to sell to a local dealer, you still need to use caution when even dealing with businesses face to face. If the dealer offers to purchase your gold pieces for a specific amount of money without seeing them first or even quotes you a price for them, you should find another buyer. If a dealer badmouths other buyers in the area and says he or she is the best, chances are they’re not looking out for your best interest.

If you’re planning to invest in the precious metal yourself, don’t make a deal with anyone before you’ve seen the pieces you have an interested in. Ask the seller if you can bring an appraiser along to be sure the items are real, if he or she seems leery of having a professional look at the items, chances are they may not be real.

And always know what the pieces are worth. Whether it’s coins, bullion, jewelry or even a simple trinket, your investment should be a fair deal and not so ridiculously priced that even Donald Trump wouldn’t touch it.

Whether you choose to buy or sell gold, remember, your investment should always earn you the best price possible both now and in the future.

When all else fails, gold is always worth money. It’s worth more than diamonds or silver. Selling gold for cash is one way people have made money for years. And when times get hard, most people start thinking of things they can sell. Since most people have gold jewelry sitting around, that’s one of the first things they think about selling.

Unfortunately, selling unwanted gold is can be more difficult than you’d expect. There’s always someone wanting to take advantage of the situation. They’ll take advantage of your need to make a quick buck. Avoid falling for scams. Thoroughly research any company you want to deal with.

Be wary of companies that offer to buy gold through the mail. Sure, mailing in your gold and waiting for a check is easy. It’s almost too easy. You can’t believe everything you see in an online advertisement or in a television advertisement. If you do want to deal with one of these companies, research them first. Make sure they’re a legitimate gold buying business.

Another potential problem with selling gold through the mail is the waiting period. You have to send your gold, and wait for the company to verify that it’s real. After they verify your gold, they’ll send you a check for the amount they’re willing to pay. Do you have time to wait? And what happens if you don’t want to accept their offer? They will return your gold, but who knows how long that will take.

Perhaps you’ll be better off dealing with a local gold buyer in your area. A search in the phone book should reveal some local dealers who buy gold. Dealing with a local person would also put you more at ease. But don’t assume they’re legit just because they’re local. Research them just as you would any other business.

It should be relatively easy to get a response from a local dealer. Just give them a call and ask if they’ll look at what you have. Make an appointment for them to appraise your gold. This may or may not cost you anything. If you only have one or two items, the appraiser might do it for free.

There’s a chance your gold jewelry is not worth that much. Unless it’s an antique or a rare object, it probably won’t get you a lot of money. It would also have to be in good condition. You might just have to try selling scrap gold to get anything for it.

On the other hand, gold coins have the potential to bring in a lot of money. Coins are normally valued higher than gold jewelry. A rare coin can bring in hundreds of thousands of dollars.

When you’re selling your gold for cash, don’t feel like you have to accept the first offer you receive. It’s in your best interest to shop around. Some dealers will try to make it sound like you absolutely have to buy from them. They’ll try to convince you that you won’t find a better deal anywhere. Ignore them, and move on to another offer.

“I want to sell my scrap gold, but I don’t know how to get started.” If you’re looking for a way to make some extra money, and if you’re like most of us, you may be wondering just how do you get started. Well, here’s how to sell scrap gold.

When you’re trying to sell gold, the first thing you want to do is your homework. Most gold items that are generally scrapped include broken or bent gold jewelry, old wedding bands from previous marriages, or other simple rings that wouldn’t be of much value on their own, damaged or defective gold coins, dental pieces, single earrings, nuggets, wire, watches and some electronics.

Your next step will be to separate your items. The easiest way to do this is to separate them into piles of 10k, 14k and 18k. If you’re not sure how to determine a 10k piece from an 18k piece, you can generally find it engraved somewhere on the item if it’s real gold.

Next, remove anything that is not made of the precious metal, but may be of value to another buyer such as jewels or stones. Doing this will also help give you a good idea of how much the gold pieces will really weigh so you’ll have a good idea of their worth.

Now you should weight your scrap gold so you have an idea of their worth. You’ll want to use a digital scale in order to know the exact amount you have. Weighing your items will also give you the reassurance that the buyer of your items won’t try to cheat you out of money from the weigh-in.

Next, you’ll want to call around your hometown to find out what businesses buy and sell gold locally and ask them how much they‘re willing to pay for what you have.

If you can’t find anyone to sell your gold to in your area, you could try placing a classified ad in your local newspaper to let potential gold buyers know what you’re selling. Just make sure you keep track of your items’ value on the market so you know their exact worth before you accept just any offer that comes your way.

Another great option that you could use to sell scrap gold is to go to an online buyer who specializes in kits, which generally includes a prepaid envelope and sometimes documents that let you to write out a description of every item you are sending to them. Keep in mind that not every online buyer is trustworthy, so do your research before you go with just anyone.

Finally, always keep in mind that the price of gold will change on a daily basis. So before you close the deal, try to get the price you were quoted in writing before you hand over your items and tell them. “I want to sell my scrap gold.” Otherwise, you may find yourself ending up with a lot less than you had anticipated.

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.

Gold has fascinated man since the beginning of time. Heaven’s streets are supposedly paved with gold and wars have been fought over it.

In today’s tough economic times, you might find that you want to sell gold in your possession to pay a mortgage or car payment – or even finance that vacation you never seem to have the money for.

Selling gold has never been easier. Online sites can point you to step-by-step instructions on how to sell scrap gold, including selecting the best method and price.

Many of us have old gold jewelry from defunct relationships that we just don’t wear or want anymore. Why not sell that old gold and do something you really want or need with the cash?

Scrap gold isn’t only found in jewelry. Other places to look are:

Gold bullion and gold coins; gold flake; gold dust and sweeps; dental crowns and bridgework; gold screen or mesh; gold shot and solder; gold sponge; polishing and buffing dust; nuggets; computer mother boards; old cell phones; gold plated connectors.

As you can see, there are many more places to look for gold than simply your jewelry box. And, it doesn’t matter what condition the gold is in – it can be restored and reused. Virtually all of the gold that has ever been mined is still around because it lasts forever.

After you’ve completed your hunt for gold, call a local gold dealer or look online for information about how to get a gold-selling kit. You’ll fill out the form describing the gold (be sure to make a photo copy of the form before sending it), place it in the envelope and take or send it to the gold dealer.

The dealer will probably pay you 10 to 20 per cent less than the current price of gold – that’s a fee for the handling, assessment and processing of the gold. Price varies from merchant to merchant, so do your research to find out what’s the best price you can get before you sell your gold.

Selling unwanted gold can get you back on a more secure financial track and may be a path you’ve never thought of before. You can even have fun while you’re doing it and invite family, friends and neighbors to a festive gold selling party.

There’s lots of information online about how to get your party together and it can be profitable and fun for all.

Remember that the price of gold changes from day to day as the market fluctuates, so when you’re ready and want to sell gold, make sure you know what the going rate is.

When you make contact with a local gold dealer or an online website, you should get an information kit that will tell you all you need to know about how to sell scrap gold.

Then, you can make an educated decision about how and when you want to sell gold – and get the best price you can for your efforts.

Selling gold coins can come in handy if you’re strapped for cash. You might have a jar of old coins your grandparents gave you.

They might be worth more than you realize. Perhaps your grandparents want you to help them sell their old coins. In any case, you need to find the right place to sell gold coins.

Departing with items that have sentimental value isn’t always easy. It depends on who gave them to you. You have to think about what’s more important. Letting go of items with sentimental value is hard. But if the rent is due and you have no cash, selling those gold coins might be your only option.

The first step is to get your collection appraised. Just because coins are gold, doesn’t mean they’re worth a million dollars. On the other hand, your coins just might be worth a million dollars. You need to know one way or the other.

Researching the value of your gold coins is fun. You get to dig through your collection and examine each coin. It’s kind of like a treasure hunt. You might discover a lot of interesting things about your coin collection.

Once you start researching your coins, you’ll find out what type you have. Gold bullion coins are special edition coins not used for currency. They are usually made to commemorate a special event or person. Only a certain amount is sold before the coins are no longer available. You might also have gold antique coins that are collectible. Or perhaps your coins are only worth their weight in gold.

Searching online is probably the easiest way to find out about your gold coins. You can find out how much a particular coin is worth. Find out if there are different versions of the same coin.

The entire process can be quite fun if you enjoy looking at old money. Check with local coin dealers after you know the value of your coins.

Take your collection and see what they have to offer. You might get lucky and sell your collection on the spot. Since you have an idea what your coins are worth, you’ll know if the offer is good.  If you think you can get more money elsewhere, hold out and visit a few other dealers. You might receive an offer that’s much better than the first one.

There are alternatives to selling to a local dealer. Some companies buy gold through the mail. These places are usually good for selling gold jewelry. The reason is because they are not concerned about whether or not a coin is an antique. They just want the gold for gold scrap meltdown.

For gold coins, you might want to stick with a collector or dealer. They care about the actual value of the coin, and not just its gold content.

Selling gold coins for cash is an adventure. The excitement of discovering the value of your collection is fun. And the anticipation of what you’ll receive is exciting.

If you want to sell gold coins, you need to learn all you can about them. There’s more to selling gold coins than simply dropping them off somewhere. You could do that, but you wouldn’t get your money’s worth. Collectors love gold coins. They’ll pay top dollar for any coin they want bad enough. But you have to also know the value of your own collection.

Are your coins valuable because they are rare? Or are your coins only worth their weight in gold? You need to answer those questions before you try to sell your gold. Being uninformed leaves you open to scammer who might try to rip you off.

Examine your collection carefully. Take the coins out and look at each one. Use identifying marks and dates to search for information online.

For example, do you have an 1850 gold coin missing the words “In God We Trust”? It could possibly be a rare coin known as a Type One Double Eagle.

Do you have another version of the coin with “In God We Trust” included, but the value of the coin is listed as “Twenty D”? That sounds like a Type Two Double Eagle coin, one of which sold at auction for more than $200,000.

As you can see, it pays to know what your collection is worth. You could end up accepting $5,000 for a $50,000 coin.

Gold coins in general are highly prized by dealers and collectors. The coins were used just like any other form of money up until 1933. During that time, the American government decided to take the gold coins out of circulation.

They were then melted down into gold bars. That’s why gold coins from this time period are so valuable. Since most of them were melted down, it’s very difficult to find any. And people who own them hold on to them tight.

If you have a rare coin, you definitely want to get all you can for it. Once again, you’ll only know it’s rare if you do your research. You might actually decide you don’t want to sell. Your coin will only increase in value as it gets older.

If you decide to sell your gold coin, search for a collector or a dealer who sells to collectors. You could also consider a pawn shop, but they will not be willing to pay as much as a dealer or collector. What you need is someone who recognizes the true value of what you have.

A dealer or collector will pay an amount closer to the true value of your collection. For them, it’s more about the true value of the coin and not just the scrap gold.

A collector won’t be thinking about how they are going to turn around and sell the coin for profit. A dealer will know they can get a fair asking price from a collector.

There’s a lot more to learn about how to sell gold coins. Do your research before you let a good thing get away.

If you’re planning to sell gold scrap, or any other type of precious metal for that matter, I can very well guarantee it’s not just as simple as walking up to a business and telling them your items are for sale.

And there is definitely a whole lot more to selling gold as I quickly learned from a friend of my father’s who scraps metals for a living.

First of all, you need to know what type of precious metal you have. It’s all too easy to be fooled by a material thanks to today’s technology and a manufacturer’s need to make as much money as possible, especially with the economy‘s current state.

One of the easiest ways to tell if  you own the real deal or not is by the simple “k” mark that is engraved somewhere on the item.

The “k” marking which stands for “karat” tells a buyer that the piece is indeed real. In addition to the “k” symbol you should also see a number that will indicate how solid of a piece it is, as in 10k, 14k and 18k. The higher the number, the more the item will be worth.

However, just because your items are real gold, doesn’t mean you should cash in on selling your gold just yet. And if you do, you may be disappointed to learn that the face value of your items could be worth far more than its metal content.

So before you take the plunge and sell your gold piece, ask the coin shop owner if your gold coins are worth more for it’s age or ask the antique dealer if that necklace is old and has a higher retail value.

The next step you should take before you sell gold is to strip anything that isn’t made from the precious metal (like diamonds or other gemstones) since most businesses won’t give you anymore for the other materials. What they will do however is remove those extra pieces anyway and profit from them, so why not cash in on them yourself?

And as far as scrapping items, don’t limit yourself just to jewelry or coins. Many items that people never dream can be scrapped are actually accepted by businesses as long as the piece is made from gold.

Items that may be scrapped include dental crowns and bridgework, individual earrings, gold nuggets, wire, watches and even some electronics.

And if you find that you have a lot of scrap gold that you want to sell, you may want to consider weighing them with a digital scale if possible.

Weighing your items lets you know how much you have and will assure that your buyer won’t pull a fast one on you when it comes to exactly how much you have offer.

Once you have an idea of how much gold you have to sell, you’ll want to call around to local buyers in the area who specialize in buying and selling scrap gold and ask them how much they would be willing to pay for your items.

If there are no local buyers in your area, you may want to consider an online business that buy and sell gold scrap through the mail.

Just be sure to use caution when dealing with these types of businesses by making sure that you take photographs and make photocopies of everything you receive from them to make sure there are no misunderstandings.

Selling old gold may seem easy enough for anyone who wants to cash in on the current gold rush, but before you rush into your hasty decision, there are a few things you should consider.

A few years ago my father-in-law had some gold coins to sell. They were not only made of the precious metal, but had also aged in value over the years. And because at that time the price of gold was skyrocketing, he decided to cash his gold coins in.

However, what he discovered from the coin dealer was that his coins were worth far more for the collector’s  value than for the meltdown scrap gold value. So of course he sold them for the coin collectors valuation.

But, if it hadn’t been for the coin dealer’s knowledge of their real worth, my father-in-law might have gotten less of a deal on his valuable coins instead of what he did get for them.

And although you don’t always need a coin dealer to tell you the collectible value of a coin, it’s not always as easy trying to find the value of a piece of jewelry or other antique valuables that are made from the precious metal.

Instead, you’ll need to do your homework if you want to sell gold and make as much money as possible doing it. There are many great resources available to help you get started no matter what type of item you may have in your possession that is made from gold.

You already know you can visit a coin dealer to find out the value of your coins, but where can you go when you want to sell gold jewelry that has aged over the years?

Well, there are a few options that you can try. You can take your pieces to a jeweler who specializes in old gold jewelry or you can take them to an antique dealer who can just as easily assess the value of your pieces.

You should be aware however, that not everyone is willing to tell you how much your items are worth without charging a fee. And of course having your pieces appraised isn’t always the cheapest route to go.

So if you can’t afford to hire an appraiser, you could head to your local library or bookstore and look for a book that may tell you the value of your pieces. However, you may be limited to the amount of information you can get on your items in question if no one has published a book on the subject yet.

Or you could take advantage of all that the Internet has to offer and search for more information about your piece to find out whether it would be worth cashing in for its antique value or if you’re better off cashing in at the gold scrap value with its going rate of around $1100 per an ounce right now for the gold content alone.

Of course instead of selling old gold, you could always just keep it and pass the valuables down to your children if you can afford to do so.