April 18th, 2012

Selling Gold | What You Should Know Before You Sell

Gold Rings

Selling Gold

There are several things that you should know before you consider selling gold. It’s important to understand what you should consider selling, and what you shouldn’t sell so that you aren’t left with disappointment. Here are a few simple tips to help you avoid the pain of selling your beloved valuable items, so that you get a fair price.

Selling Gold | Who Should You Sell To?

Before you start selling gold, you need to know who you can sell to. This means finding a reputable precious metals dealer, coin dealer, or even a jeweler. When you find a reputable dealer that you feel you can trust, you can take your broken gold jewelry, or even gold coins in to sell them.

You can also call around and ask these dealers what they buy, what their process is, and how long they have been in business. Ask if they are fully insured, and ask if they are a licensed precious metals dealer. Whatever you do, don’t send your goods through the mail!

Selling Gold | Shop Around!

You should do yourself a favor and shop around. As a good consumer you should do your due diligence and shop around to make sure you get the best price. Not everyone will pay the same price, and there is a reason for that.

When someone buys your gold, they should weigh what you bring in. This is how what you get paid is determined. It’s the weight and the grade of gold that play a part in what you get paid for selling gold. Shopping around isn’t wrong, and keep in mind that it’s your gold, so don’t be satisfied with the first answer you receive.

Selling Gold | Don’t Sell Your Coins for Grams!

If you have gold coins, don’t sell them when someone offers to weigh them by the gram. This is because gold coins are not worth the same amount of money, and in some cases they may be worth more. This is because gold coins have what is known as numismatic value. This could be higher or lower depending on what type of gold coin you have. Why would you walk into an offer that doesn’t make sense?

You wouldn’t, and that is why it’s important for you to be educated. If a precious metals dealer isn’t willing to educate you on what you have and what it’s valued at, then it’s time to say goodbye and find another dealer to sell to.

Selling Gold | Sell or Buy?

So, are you really interested in selling gold or buying gold? If you want to do what will really pay you big dividends, then consider that you could sell what you have and buy gold bars instead.

It’s time to consider what your best option is, and that means preparing for the future. If you need cash bad, then proceed, but if you wish to buy rather than mess with selling gold, then CLICK HERE now!

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