What You Need to Know When Selling Your Gold

Are you looking to earn some extra cash? Do you have gold jewellery, bullion, coins, and the like, sitting around your home just collecting dust? It might be time to declutter and look into selling your gold so that you can get some money out of the process.

Decluttering and selling old, unwanted items can be a great feeling, but it’s important to follow these gold selling tips so that you don’t end up feeling cheated. If you want to get the most for your gold then do your research first and make sure you do the following.

Avoid Selling Impulsively

Sometimes we want to get things over and done with as quickly as possible, meaning you might just grab anything you see in your home and sell it as soon as possible even if it’s not for the best price.

Before falling into this trap, take a deep breath and strategize.

Start by sorting through the items you want to sell and carefully consider if you really want to part with them. Does your gold jewellery hold any sentimental value? Once you sell your stuff, you can’t get it back, so you better make sure it’s truly what you want.

Make a list of the items you want to sell and then move on to the next part.

Do Your Research

While you won’t always be able to know the exact value of your gold, you can still get a general idea. For example, you can find the live price of gold easily online, and there are a number of coin reference sites that can help you identify the value of your gold coins.

Don’t stress too much about this process – after all, you’re probably not an expert, but it’s always good to get a general idea of how your items are valued before looking for a buyer.

Get Free Evaluations

There are a number of gold buyers who offer free evaluations. Before visiting a buyer, look them up online to check out the reviews and also search them on the Better Business Bureau’s website to make sure they are legitimate.

When visiting, don’t feel pressured to sell even after they’ve done the evaluation. If you aren’t
comfortable with the quote they’ve given you, then consider visiting other buyers first to see if you’ll get a better offer.

Protect Yourself

Always photograph and catalogue the items you are selling, especially if you plan to ship them to a buyer. That way you have a record of what you owned in the event that your items were lost during shipping, or there is some kind of shady business going on.

Set Realistic Expectations

Based on your research and from shopping around, you should be able to get a general idea of how much your gold is worth. If you truly want to sell, keep your expectations realistic and consider the condition, rarity, and purity of items. While you want to make sure you’re getting the most for your gold, you also don’t want to be stuck without someone to sell to.

Follow these tips, and you’re sure to sell you’re gold for the right price.