Want to Sell Gold

If you want to sell gold, you probably already know that right now is probably the best time to do so at $1,100 per ounce, but even with the prices at an all time high, you may be thinking your only decent option for cashing in on this booming gold business is your local pawn shop – especially if you live in a small community.

Pawnbrokers are not the only businesses where you can sell gold locally, however. Jewelry stores are now jumping in on the booming gold buying business by offering to buy up your gold jewelry and some are even willing to purchase pieces that are broken as they are re-selling them as scrap gold to refiners.

Yet, jewelry shops aren’t the only businesses buying up gold. Stay-at-home moms are discovering a great way to earn some extra income for their family by hosting a gold selling party. These types of parties offer you a way to sell gold and have fun while doing it by way of hosting or attending one.

Keep in mind however that gold jewelry is not the only items that will be purchased, but also gold coins and any other items that contain gold.

If you decide to host a party, you may need to pay some out of pocket expenses for a hosting kit as well as hire an appraiser (unless you have a third party sponsor) and supply food and drinks to your guests.

Local auction houses may be a great way to sell your gold if  you have a lot of it or other items to add to the auction. However, auctions are also a risk since you may not get as much as you want from your items and they don‘t always attract the right buyers who are willing to purchase your old gold items.

Your local newspaper is another good way to find an interested buyer for your used gold. You can take advantage of your newspaper in two different ways by either looking through the classified ads to find a buyer for free or place an ad for your items for a variable fee.

Your local newspaper isn’t the only way to post an ad, however. Many local businesses around your community are often willing to allow you to post a for sale ad on a bulletin board and even front door or window. However, you should only offer a phone number and never an address on your ad for obvious safety reasons.

Your friends and family are another great source when it comes to selling your gold and may know of resources that you hadn’t thought of. They may also be willing to buy your gold, or know someone who would be interested in buying them.

But, even with all of the resources that are available to you locally, not everyone or every business is legit. The most important way to find out if a buyer is taking advantage of you or not when you want to sell gold is by checking with the better business bureau to see if they are listed.

However the BBB won’t be able to tell you if a private individual is trustworthy and not every business will be listed. So to be extra safe, make sure you take photos of your items and copy any paperwork involved before the big sale.

Related posts:

1. How Can I Sell My Scrap Gold?
2. When to Sell Gold Locally
3. Sell Gold for Cash
4. Do You Have Gold to Sell?
5. Want to Sell Used Gold?