If you have scrap gold, gold coins or gold jewelry and need cash, gold is currently at the highest value it has been in years, so you may want to consider selling these items for a decent profit. If you are new to selling gold and considering selling your items these tips will you get the most money for your gold items.
Top Tips for Selling Your Gold
Research
Before you take your gold items to a buyer, it is important that you do a basic research to determine the current price of gold. It will also be beneficial to learn what karat your items are. Karats are what determine the quality and/or the amount of pure gold in a piece. The karats range from 10 to 24, with 24 being pure gold. If you are selling jewelry with gemstones, it is usually valued at a higher price, so make sure you get an estimated value of the pieces. If you are selling antique jewelry or older, more valuable coins for example, you will most likely get a better price at a pawn shop or jewelry store as opposed to a scrap buyer.
Shop Around
To get the most cash for your gold, you may have to shop around. Have a general idea of what the weight value is if selling for scrap or the value of the piece if selling as a wearable piece of jewelry before going to a buyer. Keep in mind that in most situations, you will be offered less than the actual value; however, this is necessary for the buyer to also make a profit. However, do not sell your gold unless you are completely comfortable with the amount being offered.
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