The Best Places to Sell Gold
When it comes to selling gold, there are many options available. You can sell it to a pawn shop, an online buyer, or even at a physical store. So, where should you go to sell gold? This is dependent on your requirements and preferences. This blog post will go over some of the best sites to sell gold and why you should consider doing so.
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Top 10 Best Places to Sell Gold
1. Cash for Gold USA
Cash for Gold USA is the most reliable company for purchasing gold. They will buy gold in any form, including:
- And even scrap or broken gold.
The company claims to be paying more money for gold than its competitors.
It is also convenient to sell your gold to Cash for Gold USA. They’ll provide you a pre-paid mailing label so you may deliver your gold to them without incurring any additional costs.
After the company receives your gold, you will receive your money within 24 hours.
If you have other valuable items, such as silver or diamonds, you can also sell them to Cash for Gold USA.
SellYourGold is a reputable and large online gold buyer. They were ranked #1 Gold Buying Company of 2019 by NBC’s Today Show.
The company promises to give you an offer for your home and pay you within 24 hours of receiving your package.
You will receive a pre-paid and insured overnight FedEx delivery label when you accept an offer on your home.
You can also request a FedEx VIP door-to-door shipping service. This way, they will pick up your items from your home.
Other things you can sell to SellYourGold:
3. Express Gold Cash
Express Gold Cash offers the best price for your gold.
You will be given an offer for your items the same day you submit your application.
The company also guarantees that you’ll get paid within 24 hours after they receive your package.
They send you a pre-paid FedEx overnight shipping label so you can get your goods delivered as soon as feasible.
Pays up to 90% of the value of gold bullion and 85% of the refined value of gold jewelry.
4. Liberty Gold & Silver
Liberty Gold & Silver is a company that sells gold and silver to people online. They offer competitive prices for metals.
Liberty Gold & Silver promises to pay you the most money for your gold and silver compared to other companies. If you find a better deal at another company, Liberty Gold & Silver will match that price and give you an extra 10% on top.
Precious metals Liberty Gold & Silver accepts:
APMEX is a retailer of gold and silver products. It is one of the largest in the world.
To receive an estimate for your gold valuables, call the company at (800) 514-6318 and create an account.
You must pay for freight when selling gold to APMEX. All shipping plans are covered by a $50,000 insurance policy.
UPS prices are as follows:
- Next day air – $49.07 – 1 day delivery
- 2nd day air – $41.26 – 2 days to receive
APMEX’s minimum purchase amount is $1,000. This means that your gold needs to be worth more than this if you want to buy it from them.
Diamonds. Pro can assist you in determining the worth of your diamond ring or other diamond-encrusted jewelry.
They will also answer all of your concerns about this costly stone to protect you from con artists who prey on those hunting for gems.
Kitco is the best source of information about the prices of precious metals. It provides up-to-date news about these metals.
The news website, which has been around since 1977, is a well-known source of information on gold prices and the precious metals market.
But that’s not all; since its inception, Kitco has been a reputable bullion trader.
Kitco allows you to sell your gold to its large network of investors interested in precious metals.
Although Kitco doesn’t offer free shipping, they can help you and offer shipping services at discounted prices.
- $35 flat rate for shipping
- $6.50 per $1,000 worth of product for insuring gold, silver, platinum, palladium, and rhodium shipments.
8. USA Gold Bureau
USA Gold Bureau is a company that sells high-quality gold and silver products from the United States Mint and other suppliers.
You can sell gold coins and gold bars to the USA Gold Bureau by finding your item in the list and clicking the ‘Sell to Us’ button.
If you have something not listed on our website, you can still offer it to us. Just call us at 800-775-3504 and tell us what you have.
9. Pawn Shops
If you want to sell your gold quickly and locally, selling it to a pawn shop is good. You can get paid immediately, and you don’t have to worry about shipping your items.
If you have gold items that you don’t want, Pawn Guru can help you get the most money for them.
The following is how it works:
- PawnGuru is a website where you may list your gold for sale.
- Receive offers from pawn shops and brokers in your area.
- Go to the shop that offered you the highest bid to complete the deal.
- Bring your gold to the pawnshop of your choice and walk away with cash.
Luriya has a team of professionals who will help you sell your gold and other precious items. You have the freedom to sell your gold at any time and without incurring any fees.
You can sell Luriya a variety of valuable objects, including:
- Precious metals – gold, silver, platinum, palladium
- Precious stones – emeralds, sapphire, rubies,
You can get a quote for your precious items by calling Luriya at 212-256-0025 or emailing at firstname.lastname@example.org.
How Do You Determine the Value of Your Gold Item?
Gold is priced according to how much it weighs. The prices are usually given per gram, per ounce, or per kilogram of pure gold.
This gold price calculator can help you understand how much your gold item is worth.
Best Places to Sell Gold
You could wish to sell your gold if you want to get rid of some items in your home or generate more money.
Gold is a valuable metal that people have traded for a long time. It is the third most valuable precious metal on earth.
Selling gold jewelry, bars, bullion, or nuggets is a good way to make money. That’s why there are still places where you can pan for gold!
This post will teach you how to get the most money for your gold. This includes learning how to appraise your gold and get the best deals.
Where to Sell In Person
There are a few choices to consider if you want to sell gold. Some of the greatest places to sell gold for the most money are listed below.
If you want to sell your gold jewelry, consider taking it to your local jewelers. You can use Google to find jewelry stores near you. I would recommend going to a few different stores so that you can compare prices and get the best deal.
If you’re planning to buy gold jewelry, call the jeweler ahead to ensure they have it in stock. Some jewelers sell gold jewelry but don’t buy it. So calling ahead can save you time.
Gold Exchange Stores
You may have seen store signs that say, “We buy gold.” These signs are usually for stores that exchange gold and silver.
Exchange stores are a good place to sell gold, silver, and diamond jewelry. They also accept other things that have precious metals or diamonds. This can be a better option than pawn shops. It would help if you compared offers before you decide where to sell.
If you have gold, diamonds, silver, or platinum that you want to sell, a gold exchange store will likely give you the scrap value.
The scrap value of your jewelry is less than the market value. People usually want to melt down your jewelry to make a new piece. But getting an upfront payment can be better than finding someone who wants to buy your jewelry and add it to their collection.
Call the different stores in your town to compare prices if you want to exchange an item.
Zales is a well-known jewelry store, and they have been selling jewelry for 90 years. Zales offers both a Lifetime Diamond Commitment and the Zales Gold Exchange.
As long as you have a valid Zales sales receipt, the business guarantees a trade-in value for diamond bridal sets. The trade-in value is not available for lab-created diamonds.
Why Sell Gold Online?
Here are some reasons why you might want to consider selling gold online instead of locally:
When you sell your gold, you have to compare prices to different stores.
If you want to sell gold, you don’t have to go to a store. You can compare prices online and sell from the comfort of your own home. You don’t have to worry about going during business hours!
Another advantage of getting quotes online is that you don’t have to have that awkward conversation where you say no. I’m going to check prices elsewhere.
You’re Not Limited by Where You Live
You have a limited number of gold stores in your city. You will not want to drive for miles to find more stores. Sell online, and you can find great deals without going far. You can also sell to businesses worldwide, allowing you to take advantage of a much greater selection of opportunities!
In-person Buyers Incur Additional Costs That Affect Their Offers
Electricity and the cost of hiring staff are two things that brick and mortar stores must pay for. They also have to pay for renting, maintaining, and operating the store.
Online businesses can afford to sell gold at a higher price than traditional stores. They don’t have the same overheads, like rent and staff costs.
You Can Easily Find Reviews Online
Local jewelers and gold purchasers may be difficult to locate reviews for in tiny towns.
This is not usually the case with online gold buyers.
Several gold-buying websites have a lot of positive feedback on sites like Trustpilot and the Better Business Bureau (BBB).
As a result, finding buyers for your gold will be a cinch.
Where to Sell Gold Online
Here are a few options for selling gold via the internet.
Liberty Gold and Silver
Liberty Gold and Silver is a company that is worth looking into, even though it isn’t as highly rated as some of the other companies.
Suppose you opt to sell your gold to the company. In that case, you must deposit it in a padded, pre-paid, and insured envelope provided by the company. It can be dropped off at any authorized shipping location.
A $1,000 insurance policy covers this envelope.
Liberty Gold and Silver gives a price match guarantee of 110 percent. If you discover a buyer willing to pay more for an item, the company will match that price plus 10%.
After you send your gold, the company will contact you with a quote via email or phone. If you accept the quote, you will receive a check within 24 hours. You can pay a small fee to have the money wired directly into your bank account if you need the money sooner.
The one drawback with Liberty Gold and Silver is that I could not locate any customer evaluations on Trustpilot or the Better Business Bureau. However, because the BBB rating is good, it’s still a smart choice.
US Gold Buyers
You can sell a variety of items at US Gold Buyers, including the following:
- Scrap gold and dental
You may receive a free express label from the company. This will allow you to send your items for free! By FedEx, you get free insurance and tracking. There is an excellent A+ rating from the BBB for US Gold Buyers. It has an excellent 4.8-star rating on Trustpilot, but the BBB also accredits it.
Express Gold Cash
Express Gold Cash is another website you could use to sell your gold. They will give you the payment within 24 hours, which is good. They have almost 2,000 reviews on Trustpilot, where they have a rating of 4.9 stars, which is Excellent!
The BBB accredits Express Gold Cash. The company also has more than 25 years of experience. If you send your products to Express Gold Cash, they will ship them to you for free via FedEx overnight delivery. And if you don’t like the price you’re offered for your stuff, Express Gold Cash will return them to you for free!
This is an auction platform that will assist you in selling your item. Their website provides step-by-step instruction that covers all you need to know.
You begin by providing them with a description of your jewelry using an online questionnaire. They then arrange for safe shipping. They clean, photograph, and list it on their website once it arrives. You can set the reserve price yourself or have their specialists assist you.
The auction will take place online. The item sells if the auction price exceeds your reserve price. You can select your preferred payment method and get the money minus their commission within a few days.
Money Metals Exchange
Money Metals Exchange is a wonderful place to start if you want to sell gold coins or bars. They have great reviews online, an A rating from the BBB, and 5-star customer ratings. Plus, they’ll pay you immediately once they have your metals.
TheRealReal is a consignment site. If you have a piece of designer jewelry, this is an excellent option as you are likely to get a higher price than if you sold the piece as scrap gold.
You can sell your items directly to the site or wait for a customer to purchase them. You can start by making a video appointment or shipping it for free.
Circa’s website does not require you to send your items right away. You can take pictures and send documents through a form. Within 48 hours, they will give you a quote.
If you accept the quote, Circa will send you a shipping kit. When they receive your items, they’ll make a final offer. If you accept, you’ll get paid.
If you have rare jewelry or gold collectibles, consider selling them through Sotheby’s. This platform can attract wealthy collectors who may want your items. You can sell jewelry, watches, coins, and other valuables that contain gold and have a high collectible value. Your selling options include:
- Fixed price “buy now” online sales
- Private sales
- Retail locations
An appraisal will determine the best sales method for your portfolio. The platform fees will depend on the listing method, and you will receive a personalized quote. You may also have to pay for shipping.
How to Sell Gold for the Most Money
Here are a few tips to get the most money when selling gold:
1. Check if Your Gold Is Real
Make sure that your gold is real before you sell it. Unfortunately, not all “gold” is gold.
Gold can be difficult to identify, but there are a few ways to check if what you have is the real deal.
- Use heat
Gold is a valuable metal that can be found in jewelry or coins. By heating it, you can detect if something is gold or not. If it is real gold, it will get brighter. But if it is fake gold, it might change color or get darker when heated. So be careful when testing gold items to make sure they are made of gold!
- Try a magnet
If you have a gold item, you can check to see if it is real by using a magnet. If the item is not magnetic, it is made of real gold. If the item is magnetic, it is not made of real gold.
- Check if it colors your skin.
Gold jewelry will never discolor or discolor your skin. If a piece of jewelry causes your skin to turn green or black, it is not genuine gold. I’ve had some costume rings that were made to look like gold, but they made my finger green, so I switched to real gold.
- Put the gold item in the water.
You can tell if an object is a gold by putting it in water. If the object floats, it is not gold. Gold does not rust, so you don’t have to worry about that.
2. Know the Weight and Karats of Your Items
To determine the value of your gold object, you must first determine its weight and carat. You can measure the weight with a kitchen scale. It is important to note that some places use different measurement types, like the Troy ounce.
It is simple if you want to know how much gold your items are. Most objects will have a stamp on the back or inside indicating the amount of gold.
You will almost certainly discover that this is simply in karats. This could be 9k, for example. That means the gold is nine karat gold. Some golden items, like jewelry, have a 3-digit number stamped on them to show how pure the gold is.
Here’s a guide to those numbers:
- 999: 24 karat – 99.9% gold
- 990: 22 karat – 99% gold
- 916: 22 karat – 91.6% gold
- 750: 18 karat – 75% gold
- 585: 14 karat – 58.5% gold
- 375: 9 karat – 27.5% gold
3. Know the Value of Your Gold
Gold’s market value changes every day. Knowing the market value is important, so you know if you are getting a good deal or not. There are many online calculators to help you figure out the worth of gold.
Here are a few examples:
- Gold Calculator USA
Specific dealers know that individuals are looking to sell gold rapidly for cash. The dealers might offer a lower price than the actual value of the gold.
4. Get Multiple Quotes
You may find that there is a place that will offer you more money for your stuff. Never be hesitant to shop around for the best price before you sell – you’ll make the most money this way.
5. Separate Items by Their Karat Value
When selling your jewelry, make sure to separate it by karat value. This will help ensure that you are paid fairly for each piece of jewelry. Sadly, dealers may try to weigh all of your jewelry together and offer you a price based on the lowest karat weight.
6. Research the Buyer
Before dealing with them, look for a gold buyer’s profile on the Better Business Bureau’s website. You may also read client feedback on social media sites like Facebook.
7. Select the Most Profitable Option for the Items You Have
Some products are worth more when sold as-is than when sold for reprocessing. With a well-known piece of jewelry, you’ll likely earn more for it as a whole rather than burned down if you sell it.
If you have something made of gold, you can contact a jeweler. If it is antique, you should go to an antique dealer. These items may be worth more than the metal they are made of.
If the item is not very old, rare, or from a famous designer, melting it down may be your best option.
8. Know the Details
You may choose to send in your gold for cash. If you do, make sure you know all of the rules and regulations before you sign up.
Make sure you understand:
- How long does it take for you to get paid?
- How long will the corporation keep your gold before it is melted down?
- How long do you have to decline the offer?
Take pictures of the products before sending your gold. Sending the things insured is a good idea. Also, make sure you have all the necessary papers and filings.
9. Consider Having Your Stuff Appraised
If you have a lot of stuff or some valuable items, it is good to get them appraised before you sell them.
It’s critical to consider artistic value, inlaid diamonds, and quality to earn the greatest money when selling your jewelry. The up-front expense of this may be higher, but in the long run, it may pay off. You can get your items appraised to determine how much they’re worth.
Another benefit of having an estate sale is getting a more accurate estimate of how much your belongings are worth.
10. Take your ID
When selling gold, you may be asked to show a government-issued ID. As a result of customers’ desire to avoid acquiring stolen goods, this practice has become widespread.
Selling gold is a great way to make some extra money. There are many ways to do this, and you can get the best price possible if you know where to sell it.
To optimize your profit, get various estimations and watch the gold market.
If you want to get cash for your gold quickly, there are various ways to do it offline.
Frequently Asked Questions About Best Places to Sell Gold
If you want to sell gold jewelry, a pawn shop is a good option because you will receive the cash immediately. This means you will not have to wait for a bank transfer or check.
Some banks sell gold, but you might not find the type of gold you’re looking for. The selection of assets is often limited to a few types of gold coins. Nowadays, there are fewer banks that have physical gold to sell.
If you sell Gold Jewelry, a good settlement would be between 70% and 80% of the market value. If you sell Gold Coins, a good settlement would be 90% of the market value.
Gold 14K can be sold for the same price or more. However, it is not realistic to expect to get the market rate when you sell your jewelry. The rates for selling gold can change depending on selling it (mail-in, pawnshop, or a cash-for-gold company).
Pawnshops look at the purity of your gold jewelry and how much it weighs in grams. They also consider the current prices for gold and then decide how much to loan you for your jewelry.
If you sell physical gold or silver, you will have to pay a capital gains tax. The tax is only paid if you sell the gold or silver after owning it for more than one year.
Gold prices usually go down the most in March. The chart above shows that April might offer a slightly lower price, but history shows that March is the month when gold prices go down the most. This trend does not apply to silver.
The digital gold price is the same in every part of India. You can buy and sell gold online at transparent, live market rates. You have the freedom to sell your gold at any time and without incurring any fees.
You can get a decent amount of money for sterling silver jewelry. Still, other metals will only bring you a few dollars. You should expect to earn between $15 and $20 per pound (455 g) for gold-plated jewelry, but it could be as much as $50. If your jewelry is gold-plated and has a flash, its value is zero.
Gold is denser than most other metals. This means that it takes up less space than other metals. If you have a piece of gold jewelry that looks too large for its weight or feels too light for its size, it is probably not real gold. Bullion coins are real coins made from precious metals, including gold, silver, palladium, or platinum.
There are three ways to sell gold: reputable online gold buyers, bullion pawnshops, and local jewelers. We generally recommend selling online if you’re looking for the best price for your gold. However, each option has advantages and disadvantages.
Your receipt and ID proof is required to sell your gold coins or jewelry at the WhiteGold India branch. They will buy the gold at the best price today and deposit the money in your bank account.
Gold is close to its all-time high, as seen in the chart above. Although it has fallen back slightly from the record set in 2020, now is still a good time to sell gold if you want to get a high value.
Many gold dealers can easily rip off unsuspecting buyers of gold and silver because they don’t know what they’re doing. That’s why many investors who buy gold and silver get ripped off.
It is considered inauspicious to sell gold. Families only sell gold if they are in financial trouble. However, you should avoid buying physical gold and investing in gold bonds, mutual funds, ETFs, or digital gold.
You will make a small profit when you sell your gold or other precious metals. However, it is better to wait until the market increases to make a bigger profit.