Making the choice to sell your gold is still one of the best ways to earn a good profit off your old, out-of-use belongings. Currently, you can earn anywhere from 40 to 70% of your gold’s market value when you go to the best place to sell gold near you, meaning there has never been a better time to learn how to sell gold coins and jewelry.
But if you have never sold gold before, the gold-selling process may seem confusing or even intimidating. It’s actually easier than you think — just check out the tips for learning how to sell gold below.
Here are the top four tips that every first-time gold seller should know:
1. Do your research before selling: You should never sell gold to the first buyer you visit. As learning how to sell gold has become more popular, the number of less-than-reputable businesses trying to buy gold at low prices — prices lower than you should be receiving. To find out where you should be selling your gold, research potential buyers on the Better Business Bureau’s website.
2. Find out how much your gold is worth: The availability of free gold calculators online has made it easier than ever to learn how to sell your gold by knowing how much your gold is worth. By determining your gold’s weight in troy ounces and its karat value, you can know how much you should be asking buyers to pay you.
3. Seek at least two different appraisals: Not every place that buys gold will offer you as much as other buyers. To make sure you’re selling to the highest bidder, take your gold to a few different buyers and have each one appraise its estimated value. Once you have a few estimates, you can sell your gold to the best offer.
4. Stay up-to-date on the gold market: The price of gold changes every day — literally. And because gold can be worth significantly different amounts from one month to the next, you should choose to sell your gold when you think the price is as high as it will go. This way, you’ll be able to take advantage of the high market price of gold and earn the best payback. Helpful research also found here.