How can I sell my gold? We see this question here everyday at howtosellgoldforcash.com. It should come as no surprise that people are still looking to sell off their old gold jewelry, coins, or any other scrap that they might have since the economy still hasn’t recovered. Well to answer the question, there are actually several ways to go about selling your gold – it just depends on what type of gold you will be selling. For instance, the best place to sell gold bullion is not the best place to sell gold jewelry. Also you will need to research each and every company thoroughly beforehand as well as pick a company that will actually pay you what your gold is worth. In this article we will break down the best places to sell to and how to do so into three major sections:
How To Sell My Gold Jewelry
One of the most common kinds of gold that people try to sell today is gold jewelry. It can be for several different reasons but most people just want to make some extra cash off of the jewelry that they never wear anymore. The first thing you have to do is to find out how much your gold is worth. Once you figure that out, you need to choose a place to sell to.
The first place that most people think of is a jewelry store or pawnshop. Most of these places will gladly buy your gold based on the spot price of gold minus their cut. These places are best to sell to if you only have one or two pieces that are not worth a whole lot or you have a very well-crafted or antique piece of gold jewelry. If you do then they may pay you more than just the spot price unlike the other gold buyers.
The other main place to sell your gold jewelry to is a gold refiner or dealer. Gold refiners and dealers exist to buy scrap and other unwanted gold and smelt it down to be reused. They only buy based off the spot price of gold which you can find on the right side of this page. Of course the scrap price which they pay is based on the value of the gold itself and doesn’t reflect any antique, craftsmanship, or aesthetic value. So if you do have a well-crafted piece you probably think about a jewelry store or pawnshop instead.
How To Sell My Gold Scrap
Many people actually have more gold scrap around the house than you might realize. Gold scrap comes in all kinds of items and can be anything from gold screen, wire, solder, flakes, mesh, or even gold from electronic scrap. Some people even make a living from just selling gold scrap in common items to gold refiners.
The first thing that you have to do is to figure out the total value of your gold scrap. This can be a lot harder than other types of gold to figure out because you will have all different kinds of karats depending on where the gold came from. If you are trying figure it out on your own the best thing you can do is to separate all the different karats into separate piles and then follow our gold value guide from there.
Once you have a ballpark figure need to find a gold refiner to sell to. You should avoid gold dealers if at all possible and sell straight to a gold refiner that owns their own refinery. You can get a lot more cash for your gold that way. Most refiners pay out on a sliding scale based on how much scrap gold you have to sell to them. Over an ounce usually get as close to full value as you’re going to get. Try to find a refiner that will pay out at least 90% or more at the top of the scale. You can usually find this out on their website.
How To Sell My Gold Coins Or Bullion
Most people buy gold coins or bullion as an investment so with gold as high as it is today, there are a lot of people looking to sell off their gold for a tidy profit. Just a few years ago gold was at $500 an ounce and now it is over $1000 an ounce again. So now really is a great time to sell gold coins or bullion – it is just a matter of finding a buyer.
While you can sell to a gold refiner, it is usually a much better idea to sell directly to a gold coin or gold bullion dealer. You can also consider selling online at a place like eBay. Most of those places will pay either the exact spot price or just below depending on how the market looks for the future.
And those are the three major types of gold that most people sell. Hopefully you’ve learned “where can I sell my gold” from reading this article but if you have any other questions you should check out our individual guides on selling each type of gold. This was just meant to be a brief overview of the different types of gold you can sell and where to sell it to.
Related articles:
- Where To Sell Gold For CashIf you're one of the many people looking to sell your gold whether its old gold jewelry, gold coins, scrap gold, gold bullion, or anything else they all have a common question which is, where to sell that gold? Well you've come to the right place. In the following article...
- How To Sell Scrap Gold For CashEven though the economy seems like it might be on the rebound lately, the price of gold is still as high as ever. At over $950 an ounce at the time of the writing of this article, it is still a great time to sell your old scrap gold for...
- How To Sell Gold Coins For CashSo you've just inherited a gold coin collection or need some quick cash and have decided to sell your own. How exactly do you sell gold coins for cash? Well it will require some work but not to worry you came to the right place [...]...
- How To Sell Gold Jewelry For CashEveryday you see it, advertisements offering to buy your gold for cash or telling you to sell off your old gold jewelry. It seems that there has been an explosion of these cash for gold companies recently. And like with any new hot profitable trend, scam artists [...]...
- Popular Gold BuyersIf you have never sold gold before it can be a confusing process for first-timers. There are literally hundreds, if not thousands, of gold buyers out there that are more than willing to take your unwanted gold bracelets, necklaces, chains, coins, and any other scrap gold that you may have....
- Is Empire Gold Buyers A Scam?The cash for gold business is one that tends to attract a lot of unscrupulous types. Right now it is very profitable which tends to bring out the con artists and scammers. But even if you don’t run into any of those, there are plenty of gold refiners out there...
- Selling Gold – Why Should You?Who could have foreseen the sad state of our economy today. Not that long ago most people had the spare cash to splurge on most anything they wanted within reason. Now there are many more people that are barely making it week to week. Right now could be the perfect...
- Welcome to How To Sell Gold For CashWe have taken the time to gather and organize information that can help you to sell your gold. If you’re looking to sell gold jewelry, sell gold coins, or sell scrap gold, you have come to the right place. We hope that this will be a one stop shop for...
- How to Find Your Gold’s ValueYou’re watching TV and you see one of those commercials telling you that you can send in your old gold jewelry or gold coins for quick cash and you wonder how much is your gold actually worth. Well you have to know your gold value and have a clear idea...
- Sell Your Gold Without Getting Ripped OffJust about everyone has tough financial times at some point in their life. And it’s even more likely to happen to you with a bad economy. Maybe you’re a student with a extremely tight budget who barely has enough money for food let alone books and other college expenses. Or...
