Thinking about selling your gold but not sure what is the right way to go about? If the answer is yes, you have come to the right place because we will talk about the right way to sell your gold with our gold selling guide. Let’s get started:
TABLE OF CONTENTS
Know Your Options
Go to a Jewelry Store
When you are selling gold, the first thing that you need to find out is the actual value. Take your jewelry to one of the bigger stores because there are fewer chances of them ripping you off because their main source of income is coming from somewhere else, and they don’t want to affect their reputation.
Pawnshops will pay you the least amount of money, so avoid going to them. They generally are very manipulative and won’t give you the amount you deserve.
Avoid Gold Buyers
A lot of gold buyers have popped in the recent years and they are more likely to rip you off, so it is a good idea to avoid them.
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Get Quotes from Other Buyers
After your items have been sorted and weighed, make sure that you get a quote from at least three different buyers. This will give you a good idea of what you should be expecting.
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Tips for Selling Your Gold for Cash
Here are some tips that will help you out:
- Make sure that you understand the scales as well as the karats.
- Know the value.
- Know the buyer.
- Know what you are selling.
- Do your research.
- Be realistic
- Take your I.D. along.
If you have any questions about the gold selling guide, please leave a comment below!