How To Sell Gold For Cash. In times of economic hardship it can be difficult to find ways to feel more financially stable. Investing in a physical commodity like gold and selling when the time is right can be one way to feel more financially secure in tough economic times.

Used for thousands of years for coins, jewelry and artefacts gold is a precious metal that has a history of high value. Unlike other currencies that tend to lose their value because of evolving fiscal policies or inflation, gold is still considered to be as valuable now as it was when it first came into use.

• Understanding The Value of Gold
• The Best Places to Sell Gold For Cash
• How do You Convert Gold to Cash?
• Can I Sell Gold to my Bank?
• How Much Money Do You Get if You Sell Gold?
• How to Sell Gold Coins For Cash
• How to Sell Gold Jewelry For Cash
• 5 Tips For Selling Your Gold For Cash
• Tips on How to Exchange Gold For Cash
• Sell Gold For Cash Online
• Where to Sell Gold Jewelry For Best Price Near me
• Best Place to Sell Gold Online
• How to Sell Gold Bars
• What is The Best Way to Sell Physical Gold?
• Best Cash For Gold Sites
• How to Sell Gold For Cash in India
• Cash For Gold USA
• What do Cash For Gold Places Pay?
• How Much is 16oz of Gold Worth?
• Do You Pay Tax When Selling Gold?
• How Much Gold Can You Own?
• What Will Gold be in 2025?
• How Does Gold For Cash Work?
• What is a Fair Price For Scrap Gold?
• What Percent do Pawn Shops Pay For Gold?
• What is The Value of 1oz of Gold?
• Is Cash For Gold USA Legit?
• How Much is a 14k Gold Bracelet Worth at a Pawn Shop?

There are countless gold-buying companies around today who will offer you cold hard cash in return for your valuable jewelry. However, many will offer a low price then sell it on at a much higher price.
Some gold items that you might consider selling for cash could include:
• Wedding and engagement rings
• Necklaces
• Miscellaneous jewelry
• Tooth fillings that have fallen out
• Bullion bars

Understanding The Value of Gold

In order for you to get an idea of what your precious jewelry might be worth it’s important to consider the following:
• Gold market price
Gold price usually remains high, but fluctuations do occur, so being aware of its value should stop you from selling your gold at what might be considered an unfavourable time.
• Know the true value
The karat reading of your gold refers to the parts of gold contained in the piece of jewelry. Karat or carat is the way in which the purity of the gold is measured which ranges from 1 carat to 24. If karat readings are low, this means that other metals are included in the jewelry. So, the higher the percentage of gold, the higher price you can demand for your jewelry.
• Factors affecting value
Condition plays a big part in determining the monetary value of your jewelry. If the jewelry is in a poor condition the cost of restoration might make selling the item a pointless exercise. Jewelry looks at its best when it has been cleaned. If you are not confident you can make a proper job of it, then let a professional jeweler clean it for you.

Read Also: Make Huge Profits With Scrap Gold Business

Other factors affecting the value of the item include the materials used, where the item was bought originally and also rarity and beauty.

The Best Places to Sell Gold For Cash

• Jewelers
Many online jewelers offer a free, no-obligation valuation so you know exactly how much you might get for your treasured item.
• Pawnbrokers
Pawnbrokers are unlikely to give you anything close to what you’ll get at jewellers or online, but if you need cash extremely fast, then this is probably your best bet.
• Cash for gold companies
Many of these companies have came out of nowhere in the last few years. Before sending your treasure items to these companies, research their reputation online. If you discover that 15 out of 20 online reviews are negative then it’s probably best you take your valuables elsewhere.
• Car boot sale
Car boot sales are a popular way to sell second hand goods such as gold, and it is somewhere where you are in control of the price. However you could be waiting around for a long time on a sale – that’s even if you make a sale at all.
• Antique dealers
If your item is classed as an antique then you have a good chance of selling to an antique dealer, which you can either find on your high street or through searching trade association websites.
• Auction
An auction can be one of the most thrilling ways to make money on your gold. If rival bidders get into a competition over your gold, you could potentially be looking at a better price when selling elsewhere. However, the fees of using an auction can be fairly high and there’s no guarantee of a sale either.
• Gold party
Modelled on traditional Tupperware parties at gold parties, guests are invited to bring their unused gold jewellery and sell without having to go to a jeweller or a pawnshop. You won’t always receive a fair deal but attending a gold party can be a good testing ground to see what your item might actually be worth.

Before accepting an offer

Before you make your final decision about where to sell and how much for, always check the company’s reputation with the Better Business Bureau or your country’s equivalent. There are lots of companies that have terrible reputations when it comes to treating people fairly, so do your homework before you part with your precious item.

How do You Convert Gold to Cash?

Once you’ve converted your wealth to gold, however, you’ll need to convert it back again to gain use of it in most areas. Since it’s a marketable asset, you’ll need to do a bit of work to get the best value for your gold holdings. As with any other asset sale, the more you prepare for the sale, the greater your likelihood of receiving what your assets are actually worth.

Separate the gold that you intend to convert into paper money into two categories: known purity and unknown purity. Known items will usually bear a mark as to its purity, known as the karat rating of the gold. Separate the known purity further, categorizing the gold according to karat level–from 9 karat gold containing 375 parts gold per 1,000 to 24 karat gold which is 999.999 parts per 1,000 pure gold.

Take the unknown samples to an independent jeweler, laboratory or mint to have it tested for purity. Once identified, add these pieces to your categorized piles.

Weigh the gold as precisely as possible by categorized purity. Note the weight of each category in troy ounces.

Locate the market value of gold per 24 karat ounce by checking the financial section of a newspaper or with financial websites such as MSN Money or Yahoo Finance. Estimate the market value of your gold by multiplying each ounce of 24K gold by the market value of gold for the day.

Discount lessor purities of gold according to the percentage of gold by weight and multiply the discounted amount by the market value. Use a rate of 75 percent for 18K, 58.3 percent for 14K and 41.7 percent for 10K gold. Add the total worth for each category to find the market value of your gold.

Take the gold to a jeweler or coin dealer who purchases scrap gold for conversion into paper money. There will be a fee for selling your gold, generally between 10 to 20 percent of the market value. Contact multiple buyers to determine the best price you can get for your gold.

Can I Sell Gold to my Bank?

Many consumers consider selling gold to a bank. The bad news is that most banks do NOT accept gold due to missing evaluation possibilities. During the last 10 years many counterfeit coins and bars appeared because the gold price raised so rapidly. The risk of buying gold with a tungsten core is serious and most banks are not willing to bear buying-risks.

Large banks such as Wells Fargo, Chase Manhattan Bank or the Bank of America operate too many branches and it is almost impossible to get thousands of bankers educated on testing gold. Moreover the equipment for testing gold is extremely expensive.

How Much Money Do You Get if You Sell Gold?

The resale value of your gold is based on the current market price of gold bullion, but considers several other factors. The higher the percentage of gold in your jewelry or coin, the higher the value.

Gold is measured in karats, with 24-karat being the purest gold, with the highest gold melt value. Unless you have gold bullion or another form of pure gold, your gold item is mixed with other metals or alloys.

How much is 18k gold worth?

18k gold consists of 75% gold and 25% some other metal. Since it is less pure than 24k gold, you’ll get less money for an item that is 18k gold than one that is 24k gold.

To find out how much money your 18k gold item is worth, all you need to go is:

• Look of the current spot price of gold in grams
• Weigh your 18k gold (in grams) and multiply that number by 0.75. This will tell you how much pure gold you have.
• Multiply that number with the current spot price of gold. 

How much is 24k gold worth?

24k gold is the purest form of gold that you’ll find. As such, you’ll get more money for 24k gold than for any other kind, such as 18k or 14k. 

In order to determine how much your 24k gold is worth, all you need to do it:

• Look up the current spot price of gold in grams
• Weigh your 24k gold (in grams)
• Multiply the weight of your 24k gold by the current spot price of gold

How much is white gold worth?

White gold is an alloy that consists of gold mixed with one or multiple other metals, such as nickel. Because of this, there is no such thing as 24k white gold. But since it contains at least some gold, white gold will still be valuable. 18k white gold will typically be worth about the same as 18k gold. The same is true when comparing 14k white gold against 14k gold.

How much is 14k white gold worth? 

14k white gold contains 58.3% gold. Because gold is a soft metal, and 14k gold has less gold in it, you’ll typically find that 14k white gold will be sturdier than 18k white gold.

To find out how much your 14k white gold is worth, you will need to:

• Look up the current spot price of gold.
• Weight your 14k white gold (in grams) and multiply that number by 0.583 to determine how much pure gold is in the item.
• Multiply the number above with the current spot price of gold to determine how much it is worth.

How much is 18k white gold worth? 

18k white gold contains 75% gold.

To find out how much your 18k white gold is worth, all you have to do is:

• Look up the current spot price of gold.
• Weight your 18k white gold (in grams) and multiply that number by 0.75 to determine how much pure gold is in the item.
• Multiply the number above with the current spot price of gold to determine how much it is worth.

How to Sell Gold Coins For Cash

Just like with gold jewelry or gold bars, there are several steps that you can take to get the best price for your gold coins:

1. Know what you’re selling and understand its value.

Gold coins are commodities. As such, many trade at a fixed price through bullion dealers and other trading platforms. To get a fair price for your gold, it’s important to be aware of what you’re selling and how much it’s worth.

Many gold and silver bullion coins are produced by national mints. For example, the US Mint issues the American Eagle coins in gold, silver, platinum and palladium.

There are several official bullion coins from other countries, such as the Canadian Gold Maple Leaf and the Vienna Gold Philharmonic coins. Many of these coins are traded as individual units by bullion dealers.

If you know the type of gold coins that you have, you can look them up online via a gold bullion market such as Monex, Money Metals Exchange or JM Bullion to see how much they’re selling for right now.

When checking prices, it’s important to note that all gold coin buyers will pay slightly less to purchase gold coins than their listed selling prices. 

If you aren’t sure what type of gold coins you have, you’ll usually be able to sell them for their scrap gold value, rather than as specific coins. To calculate their approximate value, you can weigh these coins, then calculate using the current gold price per gram.

You can also use this calculator below to get a rough idea about the price.

2. Whenever possible, avoid pawn shops and brick-and-mortar jewelry stores.

Selling precious metal items to a pawn shop usually isn’t a good idea. While the process is usually fast and efficient, you’ll almost always get a subpar price for your gold.

There are three reasons for this. The first is that pawn shops need to make a large profit from every sale. To make a profit after paying rent, utilities, salaries and other expenses, they’ll offer a lower-than-market price for your gold coins.

The second is that pawn shop staff usually aren’t experts in precious metal trading. As a result of this, they may not recognize the value of a gold bullion coin. For you as a seller, this generally means a lower offer and a poor return on your investment. 

The third is that most pawn shops and jewelers focus on gold jewelry and scrap gold. As gold coins are investment gold, they’re treated differently and usually trade at a smaller markup.

While a pawn shop or local jewelry store may be a decent option if you need to sell your gold coins urgently, there are definitely better options available if you’re aiming to get the best price for your gold.

3. Sell to a reputable, trusted vendor that offers a fair price.

Instead of selling to a pawn shop or local jewelry store, it’s best to sell to a trusted and reliable gold buyer. These vendors offer competitive prices and will buy your gold coins based on their market value.

How to Sell Gold Jewelry For Cash

One option is to sell your old gold jewelry to a local jewelry store. While not all jewelry stores will buy gold jewelry, some will, although you’ll face many of the same downsides that you would if you sold to a pawn shop.

Advantages of selling gold to a local jewelry store include:

• Instant payment. Like a pawn shop, a local jewelry store that buys gold will provide an immediate payment for your gold jewelry, making it a convenient option if you need cash as soon as possible.
• No need to ship your gold. Since this is a local option, you won’t need to worry about sending your gold to an online buyer. There’s also no wait time to get your gold jewelry back if you decide not to take the deal.

5 Tips For Selling Your Gold For Cash

Many people make the mistake of going to any jeweler or gold for cash store, which leads them to underselling their gold. Before buying or selling anything of value, you want to do your research and ensure that you are prepared to negotiate for a fair deal.

Here are 5 must-follow tips if you want to get the most cash for your gold.

1. Know how many karats are in each piece of jewelry

Knowing how many karats are in each piece of jewelry is an essential piece of knowledge when selling your gold jewelry. This will help you sell your gold jewelry at the best price possible, and it will prevent dealers from trying to take advantage of your lack of knowledge.

The first thing you need to know about karats is that the amount of karats is determined by the ratio of gold to other metals, where one karat equals 1/24 of pure gold by weight. If a piece of jewelry is less than 10 karats of gold, then it cannot be classified as gold jewelry.

Once you have determined how many karats each piece of jewelry has, you will want to group them by karats. Why? Because shady dealers may try to weigh all pieces of gold together and offer you a price for the lowest karat value. Plus, if you’re calculating the value of your gold before you go to the shop, you’ll have a better idea of what they are offering you for each piece.

2. Know the actual value of each piece of jewelry you are selling

It is important to know the current market value for gold, so that you can sell your pieces at the price they are worth. Not knowing the current market value is dangerous, as it can lead you to selling your jewelry at a low price. You can find the current market value very easily online, at a site such as goldprice.org.

Once you know the market price of gold, the weight of your gold, and the purity of your gold, you can calculate it’s intrinsic value. Remember, no gold dealer will pay you full value (refining costs money, and they need to turn a profit), but our efficient business model allows us to take smaller margins than our competitors.

Another important factor regarding value is whether your jewelry is more valuable whole or melted.  The name brand and whether or not the jewelry piece has genuine stones are important facts to consider. Name brand pieces may be worth more than melted. That said, except for very rare instances, the intrinsic value of the gold is worth more than its collector value. You can thank the meteoric rise in prices over the past 20 years for that.

3. Research potential buyers

Unfortunately, not all buyers are trustworthy.  As stated previously, there are some people who have no problem taking advantage of people’s lack of knowledge or giving poor quality services, because sometimes they can get away with it.

In addition to being informed as much as possible on the value of the jewelry you are trying to sell, research the buyer as well. It is best to search for a buyer that is registered with the Better Business Bureau (BBB), has a long history of doing business, or has extensive reviews. www.sellyourgoldlocations.com and the BBB (www.bbb.org) are good places to read up on local business information.

4. Get Multiple Offers

If you’re going to sell locally, make sure you check multiple sources and leverage the offers. No matter how much research you do, if you really want the best price, you should have buyers play off each other. Get a quote from us first, then see if someone local can beat it. We’ll be very surprised if they do.

Although you are eager to be rid of your unwanted gold and put some money in your pocket, don’t take the first offer. Travel to different jewelry stores and contact a number of buyers to see if you can get a better offer than the last.

You could also get your jewelry appraised if you have a large or special collection. It will cost money to have it appraised, but it might be worth the peace of mind to know you’re ending up with a reasonable price.

5. Make sure you protect yourself and your jewelry

As a seller it is important to document your pieces, know the buyer’s reimbursement policy, insure your pieces, and read the fine print.

When mailing or leaving your jewelry with a potential buyer, you always want to ensure that you have some level of protection in case the buyer loses your jewelry. One of the most important measures is to take photos of your gold pieces to have for your records. With these photos, you have proof of the pieces that you have given to them.

Ask about their guarantee and insurance policy for lost jewelry and be as informed as possible before handing them anything. Also, have an appraisal at hand, so that you have proof of the value of the lost pieces and can be reimbursed properly. At Cash for Gold Mailer, we automatically insure your valuables for up to $5000, but if you have more we’ll insure the full amount.

If you choose to mail your jewelry, besides reading the insurance policy for loss, you should also read or ask about the buyer’s terms and conditions regarding payment, holding period before meltdown, and the deadline for you to turn down the buyer’s offer. We require you to approve or deny your offer online before even sending payment (not more of this sending you a check and then making you send it back), simplifying the process.

Taking these steps will not only help you sell your jewelry at the best price possible, but will protect you from untrustworthy buyers and loss. Become as informed as possible. Knowing your product and researching buyers will help you sell your gold at the best price and work with trustworthy buyers.

Tips on How to Exchange Gold For Cash

The Better Business Bureau (BBB) advises consumers that while gold parties may be a fun and convenient way to make some cash, they may not provide you the best deal.

Follow these tips from BBB to make sure you’re getting the best value for your gold.

1. Understand the Scales

The weight of gold helps determine its value, but keep in mind that jewelers use a different measurement standard called a Troy ounce. U.S. scales will measure 28 grams per ounce, while gold is measured at 31.1 grams per Troy ounce. Some dealers may also use a system of weights called pennyweight (dwt) to measure a Troy ounce, while others will use grams.

A pennyweight is the equivalent of 1.555 grams. Be alert that a dealer does not weigh your gold by pennyweight but pay you by the gram, a sneaky way for the dealer to pay you less for more weight of gold.

2. Know Your Karats

Pure gold is too soft to be practically used so it is combined with other metals to create durability and color. The Federal Trade Commission (FTC) requires that all jewelry sold in the U.S. describe a karat fineness of the alloy. One karat equals 1/24 of pure gold by weight. So 14 karats would mean the jewelry was 14 parts gold and 10 parts other metals. It is illegal for jewelry to be labeled “gold jewelry” if it is less than 10 karats. It is important to know the karats of your gold to make an informed decision on the scrap value of your jewelry.

3. Keep Your Karats Separate

Don’t let jewelry of different karat value be weighed together. Some dealers will weigh all jewelry together and pay you for the lowest karat value. Separate your jewelry by karat value before attending a gold party.

4 Know the Value

Call a local jewelry store or check with an online source, such as www.goldprice.org, to verify the current market price for gold before you sell. Some dealers know people are just looking for quick cash to put in their pockets and will offer you money for your gold that is lower than the actual value.

5. Know Your Buyer

Check out jewelry stores and gold buyers registered with BBB at www.bbb.org. A BBB Business Review tells basic information about the business as well as any complaints and whether the complaints have been resolved when presented to the business by BBB.

6. Know What You Are Selling

Some gold items may be worth more when sold as they are, rather than if they are melted down. If your gold necklace or bracelet comes from a well-known designer or maker, it may have a value to some buyers beyond the gold it’s made of.

7. Know the Fine Print

If you choose to use a mail-away service, make sure you understand the terms and conditions. Send the items insured. Find out how long before you get reimbursed, how long they will keep your gold before melting it down, and how many days you have to turn down the offer. Take photos of your items before sending and make sure you hold on to all relevant paperwork and filings.

8. Shop Around

Remember, you don’t have to jump at the first offer for your gold. Shop around for a few different bids. To ensure you are really getting the best price for your jewelry, have it appraised before selling. This may cost you more up front, but your jewelry may be worth more than its weight when you include workmanship, artistic value, and embedded gems for the piece as a whole.

9. Be Realistic

Keep in mind that gold parties, often hosted by friends and neighbors, are really more about fun than value. Taking all factors into consideration, sellers at gold parties will likely get between 70 and 80 percent of the real value of their item.

10. Bring Your I.D.

Gold buyers are required by law to ask sellers for government-issued identification, This requirement is designed to protect consumers by helping police investigate the sale of stolen property and prevent money laundering. All reputable gold buyers comply with these rules, so if you don’t get asked to show your I.D., be warned.

Sell Gold For Cash Online

Selling gold online is by far the most effective way to do it. There are many gold sites to choose from, here are the best ones:

1. CashforGoldUSA.com
2. GoldBroker.com
3. American Bullion

Step 1: Figure Out How Much Gold You have

Before you can sell your gold, you will first need to know how much you have. Weighing it in grams will give you a good estimate.

Once you know the weight of the gold, check its purity by Karat. This can be done in a few ways. Oftentimes it’s written on the item – for example, 18k. If you don’t see anything printed on the gold, you can purchase a testing kit or bring it to an expert.

Finally, figure out how much of the item is considered pure gold. You can do this by dividing the karats by 24; then multiplying that number by the item’s weight. The result will tell you how much pure gold the piece has. This will be a good indicator of how much you could get when you sell it.

Step 2: Find the Price of Gold Per Gram

Gold is traded throughout the world and its value varies depending on inventory and interest. The goal is to get the most amount of money for your gold. To do this, you’ll need to know generally how much your item is worth and how it compares to the current gold market.

Go online and look up how much the current price of gold is. There are various reputable sites to do this. It’s important to keep in mind that gold prices are listed per ounce. Plus, the price is based on the metal itself. A buyer will aim to make a profit and buy it below the spot price.

Once you know the current market value price for gold, calculate how much your item could be worth. The purity of your gold will be a good indicator. The higher the purity, the more you will be able to make when you sell your gold. Keep in mind – anything that is close to 100% pure is usually too soft to be used for a jewelry piece.

Step 3: Time the Market

When looking to make a profit, know when it’s a good time to sell gold and when it’s not. In other words, make sure the value of gold is high before selling. That way you can determine whether

you should sell your gold or wait until the current market value increases. Look to see how investors of gold are acting as well. Are they buying or selling?

Step 4: Compare Your Gold to Comparable Pieces

A great way to plan, strategize, and maximize your profits is to look at other gold buyers and sellers. See what other sellers are marketing their pieces for and what gold buyers are purchasing those items for. Try to find a comparable piece, in terms of weight and purity. This will give you a better understanding of the online gold market.

Step 5: Decide Where To Sell Your Gold

There are several different outlets to sell gold. The best and most efficient marketplace is generally through online gold buyers, but there are other ways to go about selling gold. Plus, each tactic could result in cash, however, it’s important to watch out for common scams and traps.

Where to Sell Gold Jewelry For Best Price Near me

Option 1: Post Your Gold For Sale on Social Media

Websites like Facebook host buying and selling groups. Some of these are specific to precious metals, like the Gold and Silver Forum on Facebook, while others focus on selling unwanted items in local communities. 

These groups are often private, so you will need to request to join before you can post your item to buy. 

Option 2: Look for Reputable Online Dealers

Using a reputable dealer on the internet is one of the safest ways to sell precious metals online. It’s also one of the best ways overall to get a competitive price.

For gold, CashForGoldUSA is the best choice, while CashForSilverUSA is the best choice to sell silver. These sites also deal in platinum items, so they can be a good choice if you have a mixture of gold, silver, and/or platinum to sell.

On these sites, you fill out a brief form. This gives your preferred shipping method (which the site prepays) and your contact information. Then, you’ll receive an envelope to send your gold or silver item into the company. These are insured.

Once the dealer receives your items, they’ll make you an offer by email within 24 hours. If you accept it, you’ll get to choose a payment option (check, bank wire, or PayPal). Otherwise, the sites will return your items to you for free.

Option 3: Check Out Internet Auctions

If you’re unsure how much an item you have is worth and want to get the maximum price,  an online auction site can help you do this.

It’s better to use a website like Worthy (which deals in jewelry), rather than a site like eBay, as expert sellers can help guarantee that you don’t get ripped off. 

Option 4: Visit a Pawnshop

Pawnshops are tempting as a way to get quick money for gold or silver. However, beware: you’ll pay a price for this speed.

Pawnshops know that sellers are unlikely to comparison shop prices for items like gold. You’ll also get a lower price than you would on the internet because of the speed of the sale.

Option 5: Find Dealers at Coin Shows

There are definite pluses to selling at a coin show. Dealers there are likely to be experts in their field. In addition, if you have many coins to sell, they can be a one-stop-shop for all of your selling.

However, shows are rare. Furthermore, you will likely need to travel to them. 

Option 6: Visit a Coin Shop

If you need a quick sale, a local coin shop can be a good solution. Buyers there are experts and often offer fair prices. 

On the other hand, there are also downsides. You likely won’t get as much at a local coin shop as you would on the internet or at auction, because they know you probably won’t comparison shop. 

Best Place to Sell Gold Online

1. Cash for Gold USA

Cash for Gold USA is the leading and most reliable company purchasing gold in any form, including:

• Coins
• Jewelry
• Watches 
• And even scrap or broken gold.

The company claims to be paying 3 times more cash for gold compared to its competitors.

It’s also convenient to sell your gold to Cash for Gold USA as they send you the prepaid shipping label so you can send them your gold without any additional fees. 

Moreover, you’ll receive your money within 24 hours after the company receives your gold.

If you have other valuables, such as silver and diamonds, you can sell them to Cash for Gold USA as well.

2. SellYourGold.com

(Pays up to 95% of the value of gold bullion & up to 90% for your precious metals and diamonds)

SellYourGold is another reputable and largest gold buyer who’s been ranked as #1 Gold Buying Company of 2019 by NBC’s Today Show.

The company promises same-day offers and payments within 24 hours of receiving your package.

Once you accept your offer, you’ll receive a prepaid and insured overnight FedEx shipping label.

Furthermore, you can also request FedEx VIP door to door shipping service and get your items picked up from your home.

Other things you can sell to SellYourGold:

• Jewelry
• Diamonds
• Silver
• Platinum

3. Express Gold Cash

Express Gold Cash also offers the highest payout for your gold. 

They will provide you an offer for your items the same day you submit your application. 

The company also guarantees that you’ll get your payment within 24 hours after they receive your package. 

In order to ensure the fastest delivery service possible, they provide you a prepaid overnight FedEx shipping label.

Pays 90% of the value of gold bullion & up to 85% of the refined value of gold jewelry.

4. Liberty Gold & Silver

Liberty Gold & Silver is an online brokerage of precious metals offering competitive pricing for your assets.

The company promises to pay you the highest price compared to the competitors. And if you’ll find a better deal at another brokerage, Liberty Gold & Silver will match that price and even pay you 10% more.

Precious metals Liberty Gold & Silver accepts:

• Gold
• Silver
• Platinum
• Palladium
• Rhodium
• Ruthenium
• Iridium

5. Apmex

(Minimum purchase amount – $1,000)

APMEX is one of the world’s largest retailers of gold and silver goods.

In order to request a quote for your gold items, you need to first create an account and then call the company at (800) 514-6318.

When you’re selling your gold to APMEX, you have to handle shipping at discount rates. All shipping plans are insured up to $50,000.

Discounted UPS rates:

• Next day air – $49.07 – 1 day to receive
• 2nd day air – $41.26  – 2 days to receive

Note that APMEX’s minimum purchase amount is $1,000, meaning your gold needs to be above this threshold.

How to Sell Gold Bars

If you’ve been sitting on your gold bullion waiting for the right price, now is a great time to sell, with the price of gold reaching the highest levels for several years.

Wherever you sell your gold bars or coins, be patient and follow the best practices. Doing so and knowing the value of your gold will help you make a prudent decision when it’s time to sell.

There are more than enough reputable places to cash out your gold bar without needing to resort to a pawn shop. Here are the best ways to sell gold bars or coins.

Abe Mor

Abe Mor, a dealer situated in New York City, has a gold buying program that allows you to easily sell your gold bullion online. You can check what your gold bullion is worth with their gold price calculator, and then fill out a simple form to get a quote on your gold. If you accept the offer made, you’ll be paid out within one business day, which is great if you need fast access to cash for your gold.

If you decide to sell with Abe Mor, they’ll give you free and fully insured shipping with FedEx or US mail, making it easy to send in your gold bars or coins to be examined in person. The process is extremely easy, giving you the peace of mind that is so important with a large transaction like this.

What’s more, we’ve found Abe Mor gives better prices than many other places that buy gold bullion, online or in person. If you’re looking to sell your gold bullion, you can be confident Abe Mor will give you a fair market price for your bars or coins. You can also contact them for a quote if you have other types of gold you wish to turn into cash, such as jewelry or scrap gold.

Local bullion dealers

If you prefer to sell your gold in person, you can look for a gold bullion dealer near you. There are usually dealers located in most major cities, so if you’re in or near one of these areas, do a search for “sell gold bars near me” to find one.

Some people may be more comfortable selling to a local dealer, however, be sure that the dealer you choose is a trustworthy one. Many unscrupulous dealers may use the in-person transaction to pressure you or mislead you into selling your bullion for a low price. Check reviews and recommendations before heading in, and get an approximation of what your gold is worth before going in.

Online bullion dealers

Generally speaking, you’re most likely to get the best value for your gold from an online dealer. These merchants have less overhead and a more economical business than a local store, meaning they can offer better prices with lower fees.

While Abe Mor is the best store that buys gold online, there are many more reputable online gold buyers. You can find a number of dealers by searching for things like “sell gold bullion”, “sell gold bars” or “sell gold coins”.

Like if you were selling in person, be sure to perform due diligence on any store you’re considering selling to, to ensure they are trustworthy before you engage in a transaction.

What is The Best Way to Sell Physical Gold?

Selling gold bullion is a major transaction, thus there can be significant implications for your return if you don’t follow best practices. Bullion is used for monetary purposes, either as an investment or a store of value, so it stands to reason that you’ll want to get the best price when it’s time to sell.

Here are some tips to maximize the price you get for selling your gold bullion.

Know the current value of gold

Gold is a commodity, which means it has a market value that is constantly fluctuating. Any sales of gold bullion are based on the current gold spot price, which is the current price of gold in the market, at the time of the sale.

Before selling your gold bullion, it’s vital to know the spot price, so you have a general idea of what your gold is worth at the time. Incorrect or outdated prices can have a significant negative impact on your sale.

When looking at the market price, understand two things. First, the spot price of gold refers to 99.99% pure, 24K gold. While this is not as big a consideration when selling gold bullion as it is if you were selling gold jewelry (as gold bullion is almost always “pure” gold). If your gold is a lower karatage, the price you’ll get will be lower too.

Second, you usually won’t get the exact spot price for your gold, especially if you’re selling low quantities. Gold merchants generally tack on a small commission, which is taken out from the spot price. This makes the transaction economical for the merchant.

There may be a bigger fee when selling gold jewelry or scrap metal, which needs to be melted down and refined, but with gold bullion such as coins and bars, the price offered should be fairly close to the spot price.

Understand what you have and its value

Once you know the spot price of gold, you’ll be able to make a rough assessment of what your gold is worth before you look to sell. 

The value of gold bullion is very transparent, so by knowing what kind of gold you have on hand and weighing it yourself, you’ll have a good idea of what it’s worth on the market.

Weighing can be done with a regular kitchen scale. Once you have the weight, use a gold price calculator to get an estimate of what your gold is worth at the time.

The weight x value equation is best for gold bars. If you’re selling officially minted gold coins, you can check the current price of your coins on sites like Monex, Money Metals Exchange or JM Bullion. These coins, such as the American Buffalo, Canadian Maple Leaf and Austrian Philharmonic Gold Coins, are usually sold per unit. To find the value of your gold coins, simply find the current price of the type of coin you have and multiply by how many you have.

Again, take into account there will be a small difference between the buying and selling price of gold bullion coins. Coin buyers won’t pay the same price to buy coins as to sell them, however, it should be fairly close.

Find a merchant that specializes in gold bullion

Many businesses that offer cash for gold do it to resell your gold at a markup, meaning the price they offer to buy your gold for will be a lot less. These stores, such as pawn shops that operate on a buying and selling model, need to offer less than what your gold is worth in order to make a profit.

Gold bullion is held as an investment, as the price of gold will almost certainly rise over time. So, when you sell gold bars or gold coins, you’re selling close to the market price, as the buyer can expect to profit just by holding on to the gold for a length of time.

That’s why you should always sell gold bullion to a buyer that specializes in gold bars and coins, rather than a retail store that most likely won’t offer fair value for your bullion.

Sell to a trusted gold buyer

Finally, ensure you sell your gold bullion at the right place. You’re most likely to get the best prices selling online, as these merchants have lower overhead and can thus offer better prices.

You may also be able to find local bullion dealers in your area, in which case these dealers can also be a good option. Just be sure to thoroughly research the dealer beforehand, to ensure they are reliable and trustworthy. It’s also a good idea to get a quote or approximation of your gold bullion’s value before you go in.

Whatever you do, try to stay away from local jewelers or pawn shops. While these stores can offer cash for gold fast, they won’t give you good prices, particularly for investment gold such as gold bars and coins, which should be sold quite close to the market value.

Best Cash For Gold Sites

1. Diamonds

If you own a diamond ring or any other jewelry with diamonds, Diamonds.pro can help you evaluate your item. 

They will also answer all of your questions regarding this precious stone so that you can avoid the scammers there are on the precious goods market.

2. Kitco

(Order minimum – $2,000)

Kitco is the best source of precious metals market information as it shows the real-time news about precious metals and their prices.

The news website was founded in 1977 and is the world’s famous source of gold prices and precious metals market information.

But that’s not all, Kitco has been a trusted bullion dealer since it was created.

Respectively, Kitco gives you an opportunity to sell your gold to its large network of precious metals investors.

While Kitco doesn’t offer free shipping, they can assist you and offers shipping service at discounted prices. 

Shipping rate:

• $35 flat rate for shipping
• $6.50 per $1,000 worth of product for insuring gold, silver, platinum, palladium and rhodium shipments. 

3. USA Gold Bureau

($1,809.94 for 1 oz. $50 Gold American Buffalo Coin)

USA Gold Bureau is a leading dealer of investment-quality gold and silver items from the US Mint and other supplies.

In order to sell your gold coins and bars to the USA Gold Bureau, simply find your item in the list and click the ‘Sell to Us’ button to submit your offer. 

If your item isn’t listed, the company may still be willing to accept what you have to offer. Just call them at 800-775-3504 and tell them what you got. 

4. Pawn Shops

(Immediate payout)

If you’re looking to sell your gold locally, without having to ship your precious items and get paid immediately, selling them to Pawn Shops is probably the best option for you. 

However, I imagine you probably want to get the most out of your unwanted gold items. That’s where Pawn Guru can help and run the comparison for you.

Here’s how it works:

1. List your gold online at PawnGuru
2. Receive offers from your local pawn shops/brokers
3. Enter the shop that offered you the highest bid to finalize the offer
4. Bring your gold to the selected pawn shop and get cash in hand

5. Luriya

(Buying and trading gold, diamonds, jewelry, and watches since 1995)

Luriya has a large team of trained professionals, who will help you sell your gold and other precious items without hassle.

You can sell all sorts of precious items to Luriya, such as:

• Precious metals – gold, silver, platinum, palladium
• Precious stones – emeralds, sapphire, rubies, 
• Diamonds 
• Coins 
• Watches
• Jewelry

In order to get a quote for your precious items, you should schedule an appointment by calling Luriya at 212-256-0025 or emailing at info@luriya.com.

If you accept the offer, you can bring your item at the Luriya office: 30 West 47th Street, New York, NY 10036, Suite #300. 

Alternatively, you can mail your items to the same address.

How to Sell Gold For Cash in India

Gold, be it in a digital form or a physical form always comes in handy as an investment. Just another way by which you can grow your wealth. Price of gold has just been on a constant rise since a very long time and investing in gold can majorly help you grow your assets

Once invested, it is just as easy to sell it online because of the speed and convenience one gets when selling gold online in India. You can sell gold for cash online with the help of the MobiKwik app very easily.

Selling 24K gold on MobiKwik is very easy. It’s a very quick process, you don’t have to go anywhere. You can simply sell gold online sitting at home and at the valid market. Gold prices are changing by the minute and selling it even a day late may cost you a lot of profit, so sell gold online with MobiKwik and make a lot of profit. Just follow the below mentioned steps to see how to do that.

• Login to MobiKwik Customer portal using your mobile number
• Enter the amount of gold you want to sell ( This could be either in grams or INR )

And that’s it! The payment will be credited to the bank account associated with your MobiKwik wallet or by providing the UPIi address. The amount will then get credited in your bank account in 48 business hours. Once you buy gold, you can only sell after a cool-off period of 24 hours.

Cash For Gold USA

If you are looking for a way to bring in some extra cash, selling gold jewelry, coins, or metal scraps that you no longer want could be an excellent way of doing just that. But when it comes to selling that gold, there are countless options — which can be overwhelming. 

CashforGoldUSA is a highly recommended place to sell your gold, for a few reasons:

• CashforGoldUSA pays within 24 hours,
• Found by Fox Business News investigation to pay 3X their competitors
• BBB A+ rating
• Price match guarantee
• Free return guarantee
• Insured up to $100,000
• 10% bonus if you ship within 7 days

While it’s understandable that you might feel nervous about selling your gold online, CashforGoldUSA is a completely legitimate business. In fact, they stand out from other online gold buyers in a number of ways:

• 100% free shipping: Fill out a form requesting an appraisal of your item, and they will send you a prepaid mailer through either FedEx or USPS (your choice), which you can then track, door-to-door.
• Insure all shipments: All shipments are automatically insured up to $5,000, with additional insurance available for items valued up to $100,000. If something happens to your gold during transit, you’ll be compensated for it.
• Pay fast: If you accept their offer, CashforGoldUSA will pay within 24 hours.
• Risk-free returns: If you don’t like the amount they offer, you’ll receive your items back at no cost, trackable through FedEx or USPS.
• 10% bonus if you ship within 7 days

CashforGoldUSA buys gold online from people looking to sell old gold jewelry, coins, dental and other scrap. They make money by buying the gold at a slight discount to the scrap value of the metal. They then melt these objects down and sell at a profit. The vast majority of the value of each sale goes to the seller.

What do Cash For Gold Places Pay?

Sell Gold for example, is Sydney’s leading gold buyer. Regardless of how much or how little you have to sell, visit us in our showroom and you will receive the highest payouts for your gold items. Their buying rates are displayed below and we guarantee these prices.

The process is quick and simple. You can walk away with cash in your hands in under 5 minutes. They will weigh, test and analyze your gold jewelry in front of you and explain the payout structure and rates.

GOLD PURITY LEVEL	PAYOUT RATE
24ct Gold items – 99.9% pure:	$68.60 per/g
22ct Gold items – 91.6% pure:	$62.84 per/g
21ct Gold items – 87.5% pure:	$60.03 per/g
20ct Gold items – 83.3% pure:	$57.15 per/g
18ct Gold items – 75.0% pure:	$51.45 per/g
15ct Gold items – 62.5% pure:	$42.88 per/g
14ct Gold items – 58.3% pure:	$40.00 per/g
10ct Gold items – 41.6% pure:	$28.54 per/g
09ct Gold items – 37.5% pure:	$25.73 per/g
08ct Gold items – 33.3% pure:	$22.64 per/g

Cash for Gold USA pays as much as three times more than many competitors, a fact backed by an undercover news media investigation a few years back.

Because the price of gold is always fluctuating, the amount that Cash for Gold USA pays will rise and fall, depending on market conditions.  Spot prices for each commodity determine what price you can lock in.  Those spot prices change several times a day.

The spot gold price is the price that gold will sell for today…on the spot.  This price changes daily and is the standard used by dealers to set their prices to buy from consumers.

It is the current price that one troy ounce of gold can be bought or sold based on an unfabricated form of gold.  Unfabricated means the gold is in a raw form before it is struck as a coin or poured into a bar.

You will receive the “melt price” for gold that you sell.  This means you will get the amount that the gold would be valued at if it were melted down into an unrecognizable form, minus Cash for Gold USA’s overhead costs.

Market speculation, current events, supply and demand and other factors influence the spot price of gold.

As an added incentive, Cash for Gold USA pays a 10% bonus above their estimate if you ship your item within 7 days.

How Much is 16oz of Gold Worth?

For long periods of time, yes, gold is an excellent store of value.

Until 1971, the U.S. was on the gold standard. This meant that the price of gold was fixed at $35 per troy ounce. Since that time however, the price of gold has increased by about 8% per year, more than twice the rate of inflation, and much more than bank interest rates.

Troy Ounces	USD Value
16.00	$28,713
16.01	$28,731
16.02	$28,749
16.03	$28,767
16.04	$28,785
16.05	$28,803
16.06	$28,821
16.07	$28,839
16.08	$28,857
16.09	$28,875
16.10	$28,893
16.11	$28,911
16.12	$28,929
16.13	$28,947
16.14	$28,965
16.15	$28,983
16.16	$29,001
16.17	$29,019
16.18	$29,036
16.19	$29,054
16.20	$29,072
16.21	$29,090
16.22	$29,108
16.23	$29,126
16.24	$29,144

Do You Pay Tax When Selling Gold?

For tax purposes, selling gold is much like selling other capital assets in that you end up with a capital gain or loss. The Internal Revenue Service treats investments in gold and other precious metals a bit differently than it does investments such as stocks and bonds. The difference is important because it might affect how much tax you pay when selling gold.

The IRS classifies precious metals, including gold, as collectibles, like art and antiques. This applies to gold bullion coins and bars even though their value depends only on the metal content and not on rarity or artistic merit. You pay taxes on selling gold only if you make a profit. A long-term gain on collectibles is subject to a 28 percent tax rate, though, instead of the 15 percent rate that applies to most investments.

Report gains from selling gold using Form 1040, Schedule D. If you owned the gold for more than one year, it is a long-term capital gain and subject to the 28 percent collectibles capital gains tax rate. If you owned the gold for one year or less, you have a short-term gain.

Short-term gains are taxed at the ordinary income tax rates that apply to other income such as wages. You can report any loss from selling gold on Schedule D and use it as a tax deduction.

How Much Gold Can You Own?

Gold is a precious currency used in many forms as a way of backing up wealth for both individuals and states alike. Gold is said to maintain and keep its value better than traditional currencies such as the dollar or the euro. Because of this, it has seen its worth and value increase tremendously over the years. But the question remains: How much gold bullion can you own?

Luckily, there’s no limit on how much gold bullion an individual can acquire and own. There are no laws prohibiting anyone from buying as much gold bullion as possible. You can hold as much gold bullion as you can afford and purchase.

What Will Gold be in 2025?

Because gold is such a mature and well established market, and a rather settled and slow moving one, there are a lot of predictions that are made into the future for the precious metal. Of course, there are factors that need to be considered for long term gold price forecasts that are often unpredictable, such as the mining supply, or geo-political tensions.

But, there are also a lot of factors that help drive gold, and these have been mostly  driving the price up slowly over the years, such as currency inflation and the need for safe haven assets.

The digital gold narrative has also been eating into gold’s market cap. Still, the trend is up given how bullish the asset is. Gold is starting to make a comeback as Bitcoin cools off and the delta COVID variety begins to shake up markets again.

As has been explained above, the movement of gold is primarily upwards, but at a slow pace. That being said, the price of gold could rocket at this important juncture and have lasting moves for the gold price predictions for next 5 years

Gold is now pulling back from its highs, but it could be forming a bull flag pattern that could send prices soaring much higher. For example, Rich Dad, Poor Dad Author Richard Kiyosaki sees gold reaching $5,000, and various banks have now adjusted their targets above the previous $2,000 level toward similar levels.

How Does Gold For Cash Work?

The first thing that you should know that gold does not lose its intrinsic value like paper currency or other commodities so people tend to use it when they want to hedge against inflation. Inflation is when the buying power of a currency is eroded so an individual is forced to pay more for goods and services.

When this happens the only way a person can reduce the risk of their paper money becoming worthless is by purchasing assets like gold that have traditionally held its purchasing power during the financial downturns we are currently experiencing.

Now that you know why gold is appealing to investors we can look at the cash for gold industry.

There are many benefits associated with the cash for gold industry;

• Provides consumers with the ability to get cash for their unwanted gold that does not have any real commercial value.
• Helps the average consumer access funds without having to take out loans, the gold is turned into cash on the spot.
• Provides businesses with a way to provide liquidity without taking on risk since they are only paying for the raw material.

The price of gold changes from day to day so this is not the type of industry for people who want to speculate on gold prices. At its most basic level, this business will let a business purchase scrap jewelry that has gold and gives the seller cash for it. The business is not interested in how the jewelry looks they just want the purest gold possible so they can melt it down and sell it on the open market when prices are favorable.

Since the person selling the gold usually needs quick cash and does not or need the jewelry anymore.

Key Things to Keep in Mind

What the business owner needs to do is make sure they have sufficient cash on hand to purchase the gold. Before the company can buy the gold there are a few important questions that have to be addressed starting with the purity of the precious metal.

There are devices that can rate the purity of gold and once you have the purity established then you need to weigh it and come up with a price.

At any given moment in time, the price of gold fluctuates so what you will need to do is look at the market price of gold when you are making an offer to the client.

This market price is referred to as the “spot” price for what it would cost for a troy ounce of gold. In order to maximize profits, you will need to offer the customer a low price, the difference between what the customer accepts and the spot price will impact your profits.

What some businesses do is hold on to the gold until the prices rise dramatically before they sell it on the open market. Now that you know how the cash for gold industry works you can move forward and take advantage of it.

What is a Fair Price For Scrap Gold?

When bought and sold, scrap gold is often weighed in troy ounces: 1 troy ounce is equal to 31.1 grams (1 gram = 0.032 troy ounces).

(1 regular ounce is equal to 28.34 grams; conversely, 1 gram is equal to 0.035 ounces.)

Another common unit of measure for scrap gold is pennyweight (abbreviated as “dwt”).

1 pennyweight (1 dwt) is approximately equal to 1.555 grams, 0.05 troy ounces, or 0.055 ounces. Alternatively, 1 gram equals 0.64 pennyweights, 1 troy ounce equals 20 pennyweights, and 1 ounce is equal to 18.23 pennyweights.

An important characteristic of scrap gold is its purity, which tells you what percentage of an item is made up of actual gold and how much of the piece is made of other metals.

Purity is measured in karats, and the maximum gold content an item can have is 24 karats, which is the karat number of pure gold.

To convert karats to a percentage, simply divide the karat number by 24. For example, a 14-karat (or 14K) ring contains 58.3% pure gold (14 divided by 24).

The value of scrap gold depends on two main factors: weight and purity. Therefore, if you know the price of gold per unit of weight and you also know the karat of a piece of gold jewelry, you can estimate its value as scrap gold.

As an example, if you have an 18K piece that weighs 100 grams, then the actual gold content of the item is 75% (18K divided by 24), or in other words, you have 75 grams of pure gold.

All you need to do is multiply 75 grams by the current market price of gold per gram, and the result will give you an estimate of how much the gold in your jewelry is worth.

This doesn’t mean that you’d be able to get that price if were to sell. Most gold brokers will buy your old gold at a 20%-40% discount to the market price to cover their melting, refining, and other operating costs.

What Percent do Pawn Shops Pay For Gold?

Let’s say you want to sell your bracelet which has a stamp that says it is 18 karat gold. This is 75% pure or 0.75. If it weighs 30 grams, then you multiply 30 times 0.75 then multiplied by the current price of gold in the market per gram.

Another example: 14k gold jewelry (without a diamond or any other precious stones) is 58.5% pure, and your jewelry weighs 40 grams, then 40 x 0.585 x current gold price in grams.

Pawn shops will pay anywhere from 25% and up of its determined value or worth. At Clark Pawners and Jewellers, we offer above what others give for gold and other valuables.

Keep in mind that there are many who will offer quick money when selling your gold, but a noteworthy piece of advice is to go to a pawn shop with a good track record, via online reviews.

What is The Value of 1oz of Gold?

Unit conversion for Gold Price Today

Conversion		Gold Price(Spot)	Price
1 Troy Ounce ≈ 31,10 Gram		Gold Price Per 1 Gram	56.89 USD
1 Troy Ounce ≈ 0,031 Kilogram		Gold Price Per 1 Kilogram	56890.75 USD
1 Troy Ounce ≈ 1,097 Ounce		Gold Price Per 1 Ounce	1612.83 USD

Is Cash For Gold USA Legit?

The site has paid out more than $54 million since it launched and has a track record of close to 300,000 satisfied customers.

If you’re not pleased in any way with your experience (perhaps because you think you weren’t paid enough) then you can get your pieces back in 10 days with no questions asked.  Cash for Gold USA will even pay the shipping to send your items back to you.

President Norm Schneider’s philosophy is simple.  Cash for Gold believes it is more important to make a customer happy than to turn a profit.

That may sound a bit odd, but when it comes to selling gold online, Norm and his team have learned that a customer is more likely to return several times and tell others if they’ve had a great experience.  Cash for Gold USA does a lot of repeat business and a lot of referral business as a result.

Adding to their credibility, the company has a 5-Star rating with Shopper Approved and has been named an Inc. 500 company.

How Much is a 14k Gold Bracelet Worth at a Pawn Shop?

First of all, you shouldn’t expect to walk in the pawn shop and get the amount of money you previously researched or determined to claim. It is more complicated than that.

Also, keep in mind that the pawn shops won’t offer the same gold price when selling and buying jewelry. It is always significantly different, and you will need to fish out for the best price. To be sure you are not tricked for the real gold bracelet price, you can always ask to see their license to sell and buy gold.

Be aware that the pawn shop owner needs to make money out of your gold, and you will never get 100% what you have expected.

The fair price you can get is 55 to 75% of the particular ring’s estimated value. Keep in mind that the given prices are always for a simple ring without a gemstone.

Grams	Karats	Estimated price
1	14	$13
1	24	$22

When you want to make the final price for more complex rings, you will need to calculate all parts separately. It is quite a challenging job if you are not a professional. However, you can always ask around or check the details.

After comparing the price of 14K gold per gram that the pawn shop offers with its value on the market, you will notice a big difference. Even though one gram of 14K gold is $36 on the market, the pawn shop will provide you with only 13$ per gram for the bracelet with the same number of karats.

Luckily for you, the pawn shops don’t have fixed prices, and you can always bargain and bid. Always research how much your 14K ring might cost, and determine the approximate price you won’t go below.

Read Also: How You Can Make Money with Patchwork

In case you are not in a hurry, you should always check several pawn shops. Compare prices, find the most favorable place, and bargain for the best possible price.

It probably sounds crazy, but you can get a far better deal in the pawn shops close to the official gold buyers. Since they always know the buyers’ price of gold, they are often ready to pay more money to be competitive and takeover the possible customers.

Some final thoughts

Rather than just selling off a few items in order to make an extra bit of cash, you could always take things up a level by regularly investing in gold. Investing in gold jewelry is the best starting point for those who are new to the game. You can find well-priced gold jewelry by keeping in touch with local pawnbrokers, searching on websites like eBay and by simply asking around.

The key thing to remember before selling your gold jewelry is not to act on impulse and carefully evaluate every piece of jewelry that you are going to sell. Remember not to let your emotional attachment cloud your judgement on how much your item should worth. Don’t forget too that selling gold jewelry will not make you rich overnight – but it can however place some extra cash in your pocket.
This is a guest post by http://lois-bullion.com/