Contrary to what you might think, the price of gold is still at an all-time high — meaning if you haven’t yet turned in your old gold items for cash, it’s still a great time to do so.
But if you have never sold gold for money before, the idea of trying to do it might seem intimidating.
But don’t worry — to learn how to sell your gold like you’ve been doing it for years, check out these four great tips:
1. Understand the way your gold is priced: Staying up to date with the market price of gold is essential for being smart when you sell your gold. The market fluctuates on a day to day basis, so getting a feel for these fluctuations will help you choose the right time to make the sale.
2. Research places that buy gold: Not all places that buy gold are as good as others, and it’s important to know which buyers are reputable and have good reputations. There are a number of online resources that give ratings on gold buyers and customer reviews. Use them to your advantage!
3. Have your gold appraised: The most reputable and best place to sell gold ought to offer free, non-committal appraisals of gold collections and their estimated selling price. You should ideally get a few different appraisals from a handful of gold buyers. This will allow you to compare their offers and ultimately choose the offer that gives you the most money in return for your gold.
4. Sort your gold before you sell it: Before you finally sell gold coins or sell gold jewelry to anyone, be sure to sort each piece according to karats or type. For example, never sell your gold jewelry alongside your gold coin collection. This will ensure you get the best possible payout for your belongings. Read more.
