As the price of gold has fluctuated over the last several years, many people have been researching where to sell gold pieces that they are no longer using. For many of us, old jewelry and coins can be like a hidden treasure, sometimes worth surprisingly large amounts of money. These pieces may be broken or just sitting around because you may simply be thinking, I just don’t know the steps to take or where to sell my gold. It can be overwhelming, but by following a few simple steps you’ll be on your way to selling your gold in no time.
Where to Sell Gold?
The first step in getting cash for gold is to round up all of your gold jewelry and coins. You’ll want to sort through your pieces and decide what is worth converting to cash and what you still want to keep. Gold pieces are typically stamped with the purity level of gold that they are forged in. You might find a 14K or 18K on the inside of your old jewelry. These pieces will definitely bring in the dough when you present them to a gold buyer. Pieces of gold that are not stamped can still be reviewed to be sold, but you won’t know what they are worth until the gold buyer is able to test their purity.
The next step you’ll want to take is to research who you can sell gold coins and jewelry too. There are many companies that you can walk physically into and sell your gold to. Don’t be afraid to shop around and get estimates from a few companies before selling your gold. Like all things you will want to get the best price you can and a little shopping around could be very fruitful.
The final step is to take the plunge and sell your pieces. Once you’ve found a reputable company and received an acceptable estimate, it’s time to sign on the dotted line and get paid. The big thing to remember here is that most companies will melt down broken pieces of jewelry, so if you can’t bare to see your grandmother’s necklace be melted down and made into something new, don’t bother selling that piece of jewelry. When it’s all said and done, your jewelry box will be a little lighter and your pocket book will be fuller.