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Gold Selling Private Parties

Gold Selling Private Parties

Sell Gold GuideGold 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.

Some Selling Gold Tips

Selling Gold Tips

Gold EagleWhen 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 may not 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.