You
most likely have gold sitting around in the safest corners of your home. Maybe
it is the old jewelery that you no longer like, or perhaps you might have some
gold coins that you inherited.
If
you are in the same situation, it’s better to be freed from it rather than
clinging to the bits of old pieces. Better yet, why not sell that gold for hard
cash?
Gold
has been used as a means for currency for centuries. That is why selling gold
is the most common practice when you are in a dire financial situation. There
are many so-called “best places” and myriad opportunities to buy and sell gold
through the Internet, but there are many scammers who take advantage of the
situation and end up stealing your money instead of providing it.
Where to sell gold to the best place
possible?
Before
you sell your gold, understand what you own and what the market is like for
items like it. Whether you are selling an expensive piece of fine jewelery with
diamonds or gemstones or scrap gold, there is a buyer for you.
Here
are some tips to get the most out of selling your gold:
●
First, estimate what your gold coin, jewelery or bullion is
worth.
●
Then, check out the places that buy and sell gold near you.
Or you can simply search “best place to sell gold” on Google or any other
search engine. Local buyers might include a pawn shop or jewelery store that
buys gold, silver or platinum jewelery. For online buyers and sellers, check
reviews online.
●
Consider selling your gold to a trusted name that has been in
business for a very long time. Additionally, check to see if they provide a
wide range of precious metals from gold, platinum, silver, palladium and other
collectibles. Also, quality online buyers will provide exceptional service and
knowledge to every potential customer that contacts them.
It
is common misconception that selling gold can lead to disappointment, but that
is only if you don’t heed the following rules:
- Consider
the best time to sell gold - Gold tends to be more in demand when the economy
is rocky, and it is one of the safer options other than stocks or shares.
It is worth considering the state of the economy before selling gold or
any of the precious metals. If you think hard times are around the
horizon, it might be worth holding onto your gold until the prices rise.
- Bill or
invoice - A good buyer will always ask you to present the original bill while
selling gold. This helps in avoiding any conflicts of interest as the
purity of the ornament is mentioned on the bill, which makes it impossible
for the jeweler to deny any facts as everything is mentioned on the bill.
- Get the
value for your gold - Looking at the hallmarks and weighing your jewelery
will help you to access the actual worth of your gold ornament. You can
also get an evaluation from street store jewelers to get a conclusive
understanding of what your gold is worth. If you want to get your gold
converted into cash, get the evaluation first and then make a decision. If
you think it’s a poor deal, you can ask for a better price or simply
search for another dealer.
- Haggle
before you sell your gold - Before making any final decision, haggle so
that you get the best price possible, if you are not offered enough for
your gold.
Check how many jewelers are there in the area. If
there are several competing for the business, you may find they are more
willing to negotiate over the best price for your unwanted gold, especially if
you are off loading a lot of jewelery. Gather quotes from several jewelers and
then choose to sell once you have the best offer.