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If You Want to Sell Gold, What Are Your Options?
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.
Where to Sell Gold Jewelry
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.
