Top 5 Tips to Sell Your Gold
If you have some unwanted and old gold items you wish to cash, it is essential to make sure that you get the best possible price for them. Here are a few tips to help you get a great value for your gold:
Find Out The Value of Your Gold
- The first thing you must do after deciding you want to sell your gold is to determine the value of your items. One has to be careful about getting the gold evaluated from an expert. There are numerous instances, when a person gets an incorrect valuation of the gold because of consulting inexperienced gold dealers.
- This way you will get an idea about how much you may get when you sell your item and you will be able to get a better quote from the gold dealers.
- Take your gold items to a few high street jewelers to get them valuated.
Sell Your Gold to a Jeweler Directly
- Once you have determined the exact value of your gold item, get some offers from the jewelers. Opt for multiple options if you want. Visiting various jewelers will give you a comprehensive ideal about the real value of the gold you want to sell.
- You can get a much better offer from jewelers as compared to the ‘cash for gold’ companies.
- One of the best ways to earn the maximum value for the gold is to sell it in a place where there are several jewelers competing. It is best to sell your gold items here because there is a high chance to earn a higher profit. They will be more willing to negotiate with you and give you a good price for your items.
Haggle and Compare Offers
- Don’t sell your gold to the first offer a dealer puts forward. It is better that you look around and get more offers. One has to remember that with more options one can select the highest price.
- Proper negotiation with the dealers can help to get a relatively higher price.
- Even if you sell gold online, you have every right to haggle on the quoted price. One must remember that before haggling one has to determine the correct value of the gold.
Don’t Consider Selling High Value Items
- Gold dealers, usually online buyers, are mostly interested in the metal value of the gold item. The effort and craftsmanship on the jewelry or stones adorned on it are of little to no worth to them.
- Many of the companies that offer ‘cash for gold’ services discard the stones adorning the necklaces, earrings and rings you sell them. This means you cannot cash on those precious stones.
- The old gold jewelry items which have gone out of fashion can get you more cash if sold to a local jeweler who won’t melt them as compared to the companies and gold dealers who merely melts the gold items they buy.
- Any unique or antique gold item you have can better be sold off to a collector than a gold dealer to get a better deal.
Sell Online
- Selling gold online is one of the best ways to get decent value. However, you have to do proper research regarding the authenticity of the website.
- However, it is recommended that you don’t sell the high valued items online as you will get a low price for them as compared to selling them to a local dealer. The reason is that online gold dealers usually send the gold they buy to a refinery to melt it down, which means the design and setting that adds value to your jewelry doesn’t mean anything to the online buyers.
Category: Investing
