There has never been a better time to take all your old, discarded pieces of gold jewelry or gold coins and sell them for a profit. At more than $1,000 per ounce, people just like you around the country are seeing all the benefits of selling gold jewelry and coins.
But there are many steps to learning how to sell gold coins and sell gold jewelry that you should know before taking your gold to just any buyer. Because if you don’t sell your gold the right way, you could risk getting paid less than your gold is worth.
Here are the top four things you should always do before you sell your gold:
1. Determine your gold’s worth: Before bringing your gold to a buyer, you should figure out how much your belongings are worth on your own. It’s easier than you think — by comparing the weight of the gold with gold’s current market value, you can figure out its worth per ounce. You should also know the karat value before you sell your gold, which can be found on the inside of a band of jewelry.
2. Research places that buy gold: In recent years, the number of gold buyers has skyrocketed — which is why it’s essential to research each prospective buyer thoroughly to make sure you aren’t scammed out of your gold or your money. The Better Business Bureau’s website has a wealth of resources on gold buyers including customer reviews and the BBB’s ratings of the business.
3. Get a handful of appraisals: Any good place that buys gold should offer free, no-commitment appraisals of your gold. These appraisals will let you know how much you should expect to get in exchange for your gold. And because typical gold sales can earn anywhere from 40 to 70% of the gold’s value, no two appraisals are alike — get a few different appraisals so you can choose the best offer.
4. Sell your gold: After you’ve done these things, the next step is the easiest — sell your gold to the best offer! You’ll love having less household clutter and more money to spend on the essential things in your life. For more information, read this website.