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Wednesday, September 30, 2009

Sell My Gold For Cash

By Hal Young

How to sell my gold? This gets brought up quite a bit for newbies to the selling gold field. Whether its gold jewelry, coins, bullion, or even gold scrap you can sell your gold for cash both safely and easily if you take the time to learn how. You just have to be on the lookout for con artists and scammers looking to take advantage of you. In the following article I will explain just how you can do that.

Before you do anything else you should probably figure out how much your gold is worth. You do this because there are many people looking to scam you have there in the gold selling field, so if you have a ballpark figure about much your gold is worth beforehand, you are much less likely to be taken advantage of. You can do this in one of two ways: by yourself following a guide or taking your gold straight to a jewelry store or pawnshop. Easiest of the two is definitely the latter.

Now that you've finally figured out how much your gold is worth it is time to go about finding a gold buyer. There are hundreds if not thousands of buyers out there - you just have to find them. You can do this in several different ways but the easiest by far is the phone book or online. Just make sure that you research them thoroughly before selling to so you don't get ripped off.

For scrap gold and the like, you would be best off selling to a gold refiner or dealer. They buy all kinds of different gold based on the current price of gold. If you can, you should try and find one that pays out at least 90% or more.

For gold jewelry that has more value than just the gold content in the item you should probably sell to a jewelry store pawnshop. Most will actually take into consideration the aesthetic value and beauty of the piece. And then they will pay you based on the retail value minus their cut. Which will usually be more than what you get from a gold refiner who only pay you based on the gold content in the piece.

The final type of gold that most people sell is gold coins or bullion and you can sell them to several different places. The best though is straight to a bullion deal or gold coin dealer depending on which type you have. You can still go to refiners but it may be less than what you could get at a dealer.

Those are all of the major types of gold that most people try and sell and where to sell to but there are of course other places to sell your gold to like online auctions. Just follow the advice above and to be well on your way to selling your gold safely and easily. - 23196

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