Here is the answer to a common question: where to sell gold? You can sell gold in any form such as jewelry, coins or even as your dental scrap. There are lots of places where you can sell gold, both online and offline. However, you should always choose a legit and reliable buyer so that you can make the most out of the high gold prices.
The features that you should look for when you search for an online place to sell your gold include:
- The rate paid by them and their competitors.
- The time taken to make the payment.
- The insurance factors.
- The privacy policy, and
- Terms and conditions for shipping.
Apart from the online gold buyers, you can also sell your gold to:
- Local jewelers
- Pawn shops
- Gold exchanges or
- Cash for Gold stores.
However, most people find it much more convenient to sell their gold to online buyers because of several benefits such as:
- They offer high prices due to low overhead expenses as compared to any retail store
- It is convenient and safe since you do not have to leave your home and
- They have more nationwide certifications and reviews since they have customers all over the nation.
Just make sure that you do some authentic and extensive research to know where to sell gold and find more about their credibility and trustworthiness.
Criteria to Look For
When you research for a place to find where to sell gold, make sure that you look for the following criteria to save you from disappointment.
- Check whether or not the buyer asks for the original bill or invoice of the gold item you wish to sell. This is the mark of a genuine buyer and will help you to avoid any conflict of interest regarding the purity and weight.
- Check whether or not the buyer offers you an estimate. Make sure that you ask for one from all the buyers you visit because hard to know the exact price of gold due to the absence of any standardized methods.
- Check whether or not your gold item has a hallmark on it. If there is not any, the buyer may manipulate you and your gold item for purity.
Ideally, you may get the best price for your gold item if it is made out of 24 carat gold. Therefore, make sure that you confirm the final price of gold from the buyer before choosing one. Also, ask about the method they follow to make such confirmations. These methods include:
- Acid test
- XRF test and
- Electrical conductivity test.
There may be some jewelers who may melt your item, filter the gold, and check its purity and weight to quote a price. This means that if you are not satisfied with the purity and weight, it will be your loss.
Get the Best Deal
Now that you know where to sell gold, you should follow these tips to make sure that you get the best deal.
- First, select the best time to sell your item, and you will need to consider the state of the economy and know the rule of demand and supply for it
- Do not choose a cash for gold company right away without comparing prices of other sources
- Be very specific and clear about the purity, weight, and hallmark of your item
- Bargain with the buyer professionally
- Sell to online buyers if there are fewer jewelers in your area
- Consider the total value of the item including precious stones and craftmanship and not only the metal and lastly
- Compare the reputation of then buyer online.
Want the best answer to where to sell gold? Sell it where you bought it from for the best weight, purity and deal.
