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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.