How to sell my gold? This gets brought up quite a bit for newbies to the selling gold field. Whether its gold jewelry, coins, bullion, or even gold scrap you can sell your gold for cash both safely and easily if you take the time to learn how. You just have to be on the lookout for con artists and scammers looking to take advantage of you. In the following article I will explain just how you can do that.
The first step, no matter which type of gold you're looking to sell, is always to find out how much gold is worth. The best way to go about doing this is to go straight to a jewelry store or pawnshop. Most jewelry stores or pawnshops will have an experience jeweler on hand that can estimate the value of your gold right there in the store. They do this based on the current spot price of gold which changes daily so you may have to check the price again later on before you actually sell. You can also figure this out by yourself but it will take an article in itself to explain it.
When you finally figure out how much the gold is worth you can go about finding a gold buyer. There are plenty of gold buyers out there in fact may be overwhelming at the number there are. Just keep in mind that you need to research any company that you may think about selling to beforehand is so you don't get ripped off.
For scrap gold and the like, you would be best off selling to a gold refiner or dealer. They buy all kinds of different gold based on the current price of gold. If you can, you should try and find one that pays out at least 90% or more.
For gold jewelry that has more value than just the gold content in the item you should probably sell to a jewelry store pawnshop. Most will actually take into consideration the aesthetic value and beauty of the piece. And then they will pay you based on the retail value minus their cut. Which will usually be more than what you get from a gold refiner who only pay you based on the gold content in the piece.
And finally if you're looking to sell gold coins the best place is probably straight to a coin dealer. Some older coins might have more value than just the gold in them so selling to a gold coin dealer who can appraise them is usually better than selling to a gold refiner.
And that is all there is to it folks. If you will just follow the tips outlined above you will have learned how to "sell my gold" both safely and easily. Just remember to check out the companies first before going through with anything.
The first step, no matter which type of gold you're looking to sell, is always to find out how much gold is worth. The best way to go about doing this is to go straight to a jewelry store or pawnshop. Most jewelry stores or pawnshops will have an experience jeweler on hand that can estimate the value of your gold right there in the store. They do this based on the current spot price of gold which changes daily so you may have to check the price again later on before you actually sell. You can also figure this out by yourself but it will take an article in itself to explain it.
When you finally figure out how much the gold is worth you can go about finding a gold buyer. There are plenty of gold buyers out there in fact may be overwhelming at the number there are. Just keep in mind that you need to research any company that you may think about selling to beforehand is so you don't get ripped off.
For scrap gold and the like, you would be best off selling to a gold refiner or dealer. They buy all kinds of different gold based on the current price of gold. If you can, you should try and find one that pays out at least 90% or more.
For gold jewelry that has more value than just the gold content in the item you should probably sell to a jewelry store pawnshop. Most will actually take into consideration the aesthetic value and beauty of the piece. And then they will pay you based on the retail value minus their cut. Which will usually be more than what you get from a gold refiner who only pay you based on the gold content in the piece.
And finally if you're looking to sell gold coins the best place is probably straight to a coin dealer. Some older coins might have more value than just the gold in them so selling to a gold coin dealer who can appraise them is usually better than selling to a gold refiner.
And that is all there is to it folks. If you will just follow the tips outlined above you will have learned how to "sell my gold" both safely and easily. Just remember to check out the companies first before going through with anything.
About the Author:
Hal Young writes about all the different legitimate gold buyers. If you want to know where to sell gold jewelry then please visit his site where he will show you.
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