Selling Gold Janesville WI
South Beloit, IL
South Beloit, IL
How to Sell Gold
How to Sell Gold
With all the cash for gold advertising you see these days, offering you a quick payment for your gold, you would think selling gold would be a pretty simple process. Well if you want to get anywhere near what your gold is actually worth it takes a bit more than just picking the first gold refiner you come across and sending them your gold in one of those convenient little mailing envelopes. The following article will explain how you can safely sell your gold for the highest amount possible.What Kind Of Gold Are You Trying To Sell?
There are many different kinds of gold that you can sell but most fall into two general categories: gold bullion or scrap gold. Gold jewelry, dental gold, electronic scrap, or anything that needs to be smelted down falls under the latter category. While gold bars, coins, ETFs (Exchange Traded Fund), and certificates would all fall under the former category. It is important to have these distinctions as each type has a different kind of buyer.Selling Gold Bullion
Although many people would tell you to hold onto your gold investment as prices are predicted to rise even higher in the next few years, no one can truly know the future. And with prices near record highs again, now is a good a time as any. Most people usually only sell gold bullion out of necessity anyway as short term investing in gold is made much easier through the use of ETFs .
Selling physical gold like bars or coins that are held directly by you (i.e. in your safe at home) or even indirectly (i.e. in a safety deposit box or bank vault) is a fairly simple procedure. There are many gold bullion dealers that buy and sell gold around the world. You just have to find one (either locally or online) that will pay you the full value of your gold. eBay can also be a good place to sell a small amount – you just have to be careful who you deal with.
You can find out how much your gold is worth by checking the current spot price of gold with a trusted financial resource like Kitco. The spot price is almost always quoted in troy ounce or per 100 grams. Since most bullion is either .995 or .999 purity (it should be stamped somewhere on the bar) you just have to multiply the spot price by the weight.Selling Scrap Gold
Scrap gold can be a bit harder to sell than gold bullion for several different reasons but with the right information anyone can do it. Most people who sell this type of gold are going to be selling gold jewelry, or the like, and probably don’t have much experience.
The hardest part of selling scrap gold is figuring out how much your gold is worth. I would read this article on finding your gold’s value if you want to do it yourself. Otherwise you can bring your scrap gold to a pawnshop or jewelry store where they can test the gold’s purity and weight. The only downside is that you have to trust their estimate which may or may not be accurate.
Once you have an estimate it is just a matter of finding...
Sell Gold and Earn Some Extra Money
If you keep up with the news you probably already know about the increasingly higher prices that gold is selling for right now. With an inflated market like this, there will never be a better time to sell gold pieces you might have laying around not be used. It could actually go for quite a bit of cash too! Not knowing a lot about this type of process can make you a bit reluctant to go mailing off gold items to a business hundreds of miles away. Somebody might currently be thinking that just taking your gold items to a local shop would be the best thing to do. However, since these places are in it for resale they won't give you nearly as much money as your gold is really worth. By cutting out the middle man and selling straight to the refiners you are able to get more money and do it more securely for what you have to offer them.
In some situations, selling your gold using the net can provide you with a pretty large check. Refiners are able to offer you top dollar for gold, silver and even platinum pieces. The "moolah" you receive is based on the actual value of the jewelry in its refined state.
Well before jumping right in and sending your gold to just any online company, you first need to locate one you can believe in. Make sure the company you choose has a good status and has been around for a while. The longer a business has been in the gold buying industry, the better the service usually is.
The process with most companies is fairly straightforward. You go to their website and order a packing envelope. When the envelope arrives you put your gold items inside and mail it back for free. When the company gets it they evaluate what it is worth and get a check out to you with in 24 hours. Some are even offering online payments direct to PayPal now as well. There couldn't be a better time to clean out that old jewelry box. More companies are making this process as safe as possible. Do your research and find one you can trust. Better yet, look for one that is also paying a percentage bonus if you want to earn even more money for getting rid of stuff you don't want anymore.
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