Sell Gold Items
The craze to sell gold items has remained steady over the past few years and as the price of gold increases, more and more people are becoming interested in selling gold as a way to stay afloat during these critical economic times.
And because gold is stable, people rely on it more than they do the United States dollar bill. And the more people want to purchase gold, the more it’s demanded and the higher the price of it rises. That’s why it’s such a great time to sell gold and make a nice profit from it.
But, before you consider the first buyer you see for your gold coins, jewelry and other valuables, you need to research how to sell gold and how that buyer does business before you make a deal to sell your gold to them.
Finding a reputable buyer is an absolute must if you want to get the most for your valuables. Just remember that the market price of gold changes by the minute, and the buyer will want his or her share of the profits as well.
There are many ways sell unwanted gold, including at auctions, pawnshops, online buyers, jewelry stores, coin shops and more.
Auctions are the perfect place to go when you’re interested in selling old gold. Historical pieces will generally fetch a lot more money at an auction than they would by selling it to a dealer for eventual melt down.
Paws hops should usually be used as a last resort or if you don’t want to sell gold, but are looking to get some fast cash by using it as collateral. If you are thinking about actually selling your gold pieces through a pawnbroker, you should know that you may not get the best price available for your gold items.
Online gold buyers are the companies who allow you to send in your gold and silver by mail and then send a check back to you for the amount they determine your pieces to be worth. This method to sell gold online, is the most convenient since you don’t have to visit the buyer or waste time driving around town. You can easily sell gold coins, broken gold jewelry, dental pieces, electronic pieces or just about anything that is made from the precious metal.
Jewelry stores are another place to sell gold jewelry. They usually tend to offer a fair price based on the market value depending on the piece. And even if your jewelry piece is in need of repair, some jewelers will still purchase your piece if it’s repairable.
Coin shops are another great option when you’re interested in selling gold coins. Most coin collectors know and recommend you take your coins to a Professional Numismatists Guild since they’re highly trusted when handling business deals. Just keep in mind that when you’re selling coins, the value is determined by the weight as well as the grade and whether it‘s rare or not.
Now that you know of a few ideas on where to sell gold, we hope that you will profit greatly when you do decide to take advantage of the many reputable buyers both on and offline when you’re finally ready to sell gold items.
Best Place to Sell Gold
The best place to sell gold will usually depend on what type of pieces you have that you are wanting to part with. If you are wanting to sell gold coins, you certainly won’t be able to get a great price from a pawn shop for them. And if you’re trying to sell gold jewelry, you’ll have better luck selling them to a jewelry store if they’re in repairable condition.
If you want to sell gold that is scrap, but still worth selling for its gold content, you may want to consider an online buyer who purchases broken jewelry, dental pieces, wire, bullion, nuggets, damaged coins and practically anything made from the valuable metal.
How it works is the online buyer offers a free kit that includes a postage paid envelope and information on how to sell gold to them. They may even include some information about their company. Once you receive the kit, all that is required is to fill out all of the necessary paperwork, place your gold items in the envelope and send it back to them.
Once they receive the package, they’ll weigh your items and send you a check for the weighed items’ value. Some of the more reputable mail order gold buyers will even send you an email with the amount they are offering for your gold for your confirmation.
If you’re concerned about getting a really great deal for selling gold, you definitely want to do your research first. Generally most people already know that pawn shops usually don’t give you very much of the market value for your pieces. It’s a good idea to call around before you sell your gold to just anyone.
Newspapers, online forums, classified ads both on and offline, private clubs, online groups and auctions are all an excellent source for selling gold coins, old jewelry pieces and other collectibles made from goldwhen the face value is worth more than its melted down market value.
Don’t rule out places like swap meets, trade shows, flea markets or antique malls either when it comes to selling gold for cash. And you’d be surprised at how many other places and events you can take advantage of to make some extra cash from your gold items.
And if you’re trying to find the highest price offered for your items, most often jewelry shops have been known to give up to 80% of the market value. However, it’s unlikely you’ll get anymore than that since most businesses need to make a profit for themselves as well.
But, if you still not sure where to sell gold, try asking your friends and family if they know of any good places to sell unwanted gold to. You may find that they know of a few places you didn’t.
And finally, no matter how desperate you are to raise some extra money, don’t consider getting rid of precious heirlooms or any items that you’ll regret selling later. Even if you know the best place to sell gold, personally, there’s no guarantee that once you’ve sold your item to them, you will get it back later. Gold items that you sell are usually on the way to a refiner to be melted down shortly after you sell them.