Sell Gold Silver
If you want to sell gold or silver, you may be surprised to learn that even though both metals are at a record level price, a lot of people are still waiting it out as much as they can before they cash in. And with the economy still in shambles, many people believe that the price of both metals will continue to soar as the dollar bill continues to drop.
And with prices going up in mortgage rates, taxes and so forth, many consumers are holding out for the price of the metals to increase as well. Those who sell gold and silver know that its history shows 30 years of increasing value and because both metals are secure verses the dollar bill, it’s seen as the perfect investment by those who are buying and selling gold and it’s counterpart.
As far back as man can remember people have sought out both metals simply because of their scarcity. And while both are certainly rare, more and more of us have sought to sell gold the most. People want it. The world wants it. And someday the precious metal may very well be the only real source of real money for our country, since we’re currently hanging by a very thin thread with paper currency.
We’ve borrowed so much from other countries that we’ve exhausted our sources. We are so far in debt that there’s very little hope that we’ll ever get out. And sooner or later it’s a very real possibility that our paper currency may be worthless.
Yet, if you have gold to sell, your chances of separating yourself from being a part of our country’s debt is very good. Before you make a decision on how to sell gold however, you need to understand just how much the precious metal is worth.
The first thing you need to do is separate your valuables into piles. Place coins in one pile, jewelry in another pile and so forth. And don’t forget that while it’s obvious that you can sell gold coins and gold jewelry, it’s also possible to sell scrap gold. If you’re unsure what should be considered scrap, items that are broken, damaged or in very bad condition will generally fall into this category.
Next you’ll need to decide how much of the precious metal is in each item. And while it’s easy enough to determine this in jewelry by knowing its karat, if you have items that are antique and unmarked, you may need a professional appraiser to help you decide how much your item is worth.
Once you know the karat of each item, you’ll want to use a digital scale to weigh each pile and then note the weight in ounces.
Then you’ll need to look up the spot price of the precious metal the same day you plan to sell your gold or silver. You’ll then need to take the spot price and multiply it by how many ounces of the precious metal you’re selling.
Then you need to decide where to sell your gold. Where you sell it will depend on the items you have. For example if you’re going to sell gold jewelry, you might want to take it to a jeweler, but if you’re selling gold coins, you’d want to take it to a coin dealer. Or if you plan to sell gold or silver scrap, you’ll want to find a buy sell gold and silver online or local dealer to sell it to.
Sell My Scrap Gold
“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 selling your gold, 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.