RSSAll Entries Tagged With: "selling old gold"

Where to Sell Gold Items

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.

Selling Old Gold and How to Get the Best Price

Selling Old Gold

Selling old gold may seem easy enough for anyone who wants to cash in on the current gold rush, but before you rush into your hasty decision, there are a few things you should consider.

A few years ago my father-in-law had some gold coins to sell. They were not only made of the precious metal, but had also aged in value over the years. And because at that time the price of gold was skyrocketing, he decided to cash his gold coins in.

However, what he discovered from the coin dealer was that his coins were worth far more for the collector’s  value than for the meltdown scrap gold value. So of course he sold them for the coin collectors valuation.

But, if it hadn’t been for the coin dealer’s knowledge of their real worth, my father-in-law might have gotten less of a deal on his valuable coins instead of what he did get for them.

And although you don’t always need a coin dealer to tell you the collectible value of a coin, it’s not always as easy trying to find the value of a piece of jewelry or other antique valuables that are made from the precious metal.

Instead, you’ll need to do your homework if you want to sell gold and make as much money as possible doing it. There are many great resources available to help you get started no matter what type of item you may have in your possession that is made from gold.

You already know you can visit a coin dealer to find out the value of your coins, but where can you go when you want to sell gold jewelry that has aged over the years?

Well, there are a few options that you can try. You can take your pieces to a jeweler who specializes in old gold jewelry or you can take them to an antique dealer who can just as easily assess the value of your pieces.

You should be aware however, that not everyone is willing to tell you how much your items are worth without charging a fee. And of course having your pieces appraised isn’t always the cheapest route to go.

So if you can’t afford to hire an appraiser, you could head to your local library or bookstore and look for a book that may tell you the value of your pieces. However, you may be limited to the amount of information you can get on your items in question if no one has published a book on the subject yet.

Or you could take advantage of all that the Internet has to offer and search for more information about your piece to find out whether it would be worth cashing in for its antique value or if you’re better off cashing in at the gold scrap value with its going rate of around $1100 per an ounce right now for the gold content alone.

Of course instead of selling old gold, you could always just keep it and pass the valuables down to your children if you can afford to do so.