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Tips on Finding the Best Places to Sell Your Gold

Sell Your Gold

www.SellGoldGuide.comThe 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 Selling Parties For Fun and Profit

Gold Selling Parties

Gold selling parties are a great way for stay-at-home moms to earn an extra income during these hard times. And while it may not give you a steady income, just like an Avon event or Tupperware party, it can provide you with a little extra cash when you need it the most.

Hosting a gold selling party is pretty simple, although there are a few things you will want to keep in mind should you decide to throw one.

First and foremost, if you’re not fond of having strangers in your home or you just don’t have a lot of room, you may want to host the event somewhere away from your home if it’s possible.

But, keep in mind that you could be paying a lot of out of pocket expense if you need to rent a place, which may not be worth if you don’t make enough of a profit from selling your gold.

Second, if you have children, you’ll want to find a babysitter for the party. While hosting a gold selling party can be enjoyable, it should always be treated like a business and not a place where little ones are running around needing your constant attention and care.

Third, you don’t have to sell gold of your own just to host a party. You can probably gather enough friends and family to sell their own old or broken gold jewelry unless you happen to live in a small community where it may be a little difficult to find enough people who are willing to part with their old gold for some cash.

So if you’re still game for hosting a gold party, you’ll want to contact a company who provides services and kits for these types of events.

Just be sure the kit you order contains a weight scale since it will be vital for determining the weight of your gold pieces. And depending on the kit you order, you can even get a guideline for hosting your party.

Or if you don’t want to host a party entirely, you can look for a company who offers full services, so all that you have to do is provide your guests with an invitation, and serve food and drinks.

If you do decide to hire a full service company, an appraiser will most likely be provided instead of a kit. The appraiser will weigh any items offered by the guests that contain the precious metal and then purchase them right there on the spot.

This is usually a better option for stay-at-home moms who don’t want to spend a lot of out of pocket expenses for hosting a party.

Remember, gold selling parties should be fun, but they should also be a little serious. You do want your guests to enjoy themselves, but you want them to get the best possible price for their gold items so they’ll keep you in mind for your next event!

And don’t forget, you don’t have to just play host at one. Why not attend a party yourself and leave the details to someone else.