Gold items, such as gold jewelry, coins, bars, and bullion can be sold to earn some extra money.
Gold is a popular metal!
Around 187,200 tons of gold has been mined since the beginning of civilization and more than 90% of the world’s gold has been mined since the California Gold Rush.
Many people have a few small p[ices of gold jewelry that If you have
Whether you are sitting on a stash of unused gold jewelry and bars or just have one or two pieces of gold jewelry, you can sell gold for cash easily.
In this post, we’ll unveil the best places where you can turn those glimmering assets into cold, hard cash.
Whether you prefer the convenience of online transactions or local in-person sales, we’ve got you covered.
When it comes to selling gold, you have plenty of options online and near you. Read on to discover the top destinations for selling your gold and unlocking its full value.
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Where to Sell Gold Near Me
Local sales are good because you don’t have the hassle of shipping your gold anywhere. You can usually get cash quickly too.
For anyone looking to sell gold fast, try these local places.
1. Local jewelers
For a quick, convenient way to offload your gold for some cash, try your local jewelers.
Here you can sell items like bracelets, necklaces, rings, and any other gold jewelry you have.
It’s a good idea to take your jewelry to a few different jewelers so you can compare prices and get the best value for your gold.
I’d also recommend calling ahead to see if that specific jeweler actually purchases gold jewelry. Some only sell it and don’t buy it, so calling ahead will save you from wasting your time.
Pawnshops are another local avenue to try for selling gold.
Take your gold into your nearby store and you may be able to get cash on the spot for it. You can do a quick internet search for “pawnshops near me,” to find local stores.
Do a little research into the pawnshop online and read reviews to see what other customers say before you take your gold in. While pawnshops don’t always offer the highest value for your items, they are a good option for getting money fast.
3. Coin shops
Coin shops are ideal for selling gold coins and bars. Take your gold into a local coin shop. An employee will inspect your items and give you an offer for them.
It’s a good idea to call local stores to see if they purchase gold. This saves you from wasting your time heading down there. It’s also a good idea to get prices from multiple stores so you can get the best value for your gold.
4. Local auction houses
Take your gold to local auction houses. They will sell your items at auction and take a percentage of the profits.
Auction houses are particularly good for selling gold items that are particularly valuable, like gold antiques.
Craigslist doesn’t charge you to list items for sale and you don’t pay any commission fees on sales either. This means that you get to keep all of the profits from your sale. List your gold items for sale on there and sell them to people locally.
Selling gold on Craigslist is a great way to get cash on the spot.
For local sales, OfferUp is an ideal platform. The site doesn’t charge fees for local sales. There’s the option to ship items for a fee of $1.99 or 12.9% of the sale price.
To sell on the platform, just take some photos of your gold, set your price, and write a description.
Where to Sell Gold Online
Selling your gold online is a great choice as you can reach a lot of potential buyers.
Sell a variety of gold items on eBay. Since eBay is such a popular and well-known site, it’s a good platform for getting your gold. You can list up to 250 items a month for free. You’ll pay a fee when you sell your gold, which is 13.25% of the sale price for most categories.
SellYourGold.com will purchase lots of different gold items, such as:
- Gold jewelry
- Gold coins
- Gold bars
- Gold rounds
- Gold bullion
You can request a free appraisal kit from SellYourGold.com. The company will supply free and insured shipping via FedEx. SellYourGold.com will give you an offer for your gold. You can accept the offer and get paid.
Payment options include direct deposit, PayPal, and company check.
You can sell gold bullion to GoldSilver.com. Payment from the sale is sent by check or bank wire transfer within 3 business days of your shipment’s arrival and verification.
10. US Gold Buyers
US Gold Buyers will purchase a variety of items like watches jewelry, scrap gold and dental, coins, and bullions.
Get a free express label from the company and ship your items for free. You also get free insurance and tracking by FedEx. Ship your items and get paid the next day.
US Gold Buyers also has a price match guarantee, so it will match any competitor’s price.
Sell a variety of different items to Express Gold Cash, such as necklaces bracelets, rings, watches, earnings, and gold coins. Request a free appraisal kit from the company. You’ll get the appraisal kit and an overnight return shipping envelope delivered right to your door. You can also print the appraisal kit at home.
Sending your items to Express Gold Cash is free. You can pack your valuables and then drop them off at a FedEx location or schedule a free FedEx pickup. The company will evaluate your items and provide you with an offer based on weight, material, and the daily gold price.
Receive secure payment in 24 hours or less if you accept the offer from Express Gold Cash. The company will return your items free of charge if you’re not satisfied with the offer. Express Gold Cash provides a price match guarantee. It will match any offer from its online competitors.
APMEX is a precious metals dealer. The company provides you with all the shipping labels you need. You can drop off your gold at a UPS facility or schedule a pickup.
Once you’ve sent your gold to APMEX, it will process your payment.
You can sell your precious metals, like gold rounds, bars, and coins. Visit any of the company’s product pages and use the “Click Here to Sell to Us” link that’s located just below the product photos or call the company at 1-800-800-1865. You can get a quote for your gold.
Ship your items to the company via U.S. mail, insured for the full value. Once the company gets your gold, it will inspect it and send your payment immediately.
Sell gold coins and bars to Kitco. It’s a good place to sell precious metals. The company has been a bullion dealer since 1977. The minimum order amount to sell to the company is $2,000. Kitco says that it will match any reasonable bid for larger transactions.
Etsy is a good website for selling handmade items and crafts. It’s also a good platform for selling gold for cash. You can sell gold jewelry, décor items, vintage items, and antiques on there.
You do have to pay a listing fee of $0.20 per item though and you’re also charged a 6.5% fee when your gold sells.
Tips for Selling Gold
Now you know where to sell gold near you and online, here are some tips for success and selling your gold for the most money.
Check if the gold is real
Make sure your items are actually gold before you sell them. Not all items are actually real gold, unfortunately. There are a few ways you can check whether gold is real.
You can hold your gold item over a steady flame. If it’s real gold, it will get brighter when it’s hot. Fake gold on the other hand gets darker or changes color in some way when it is heated. You could use a lighter or a stove to check.
Use a magnet
Another way to check whether your gold item is real is to use a strong magnet. You can get a strong magnet from the hardware store if you don’t already have one. Gold is not magnetic, so if your item is made from real gold, it will not be attracted to the magnet. The item is not real gold if it is magnetic.
Check whether it colors your skin
Fake gold jewelry can color your skin green or black. This means that if you have a piece of jewelry that turns your skin green or black, it is not real gold. Real gold jewelry never colors your skin.
Put the gold item in water
Real gold sinks, so leaving your items in a glass or bowl of water for a little while is an easy way to check whether it’s actually gold. The item is not real gold if it floats.
Know the weight and karats for your items
Knowing the weight and the karat of your gold will help you to calculate the price of your item.
Gold can be weighed using a kitchen scale. It’s important to note that some places use different measurement types, such as the troy ounce. You can learn more about the troy ounce here.
To find the karat of your gold, check for a stamp on the item. Most gold items have a stamp on the back or inside. This stamp is typically in karats, like 9k, which means 9 karat gold for example. Some gold items, such as jewelry will have a 3-digit number on the stamp.
Here’s a guide to those 3-digit numbers stamped on gold:
- 999: 24 karat – 99.9% gold
- 990: 22 karat – 99% gold
- 916: 22 karat – 91.6% gold
- 750: 18 karat – 75% gold
- 585: 14 karat – 58.5% gold
- 375: 9 karat – 27.5% gold
Know the value of your gold
The value of gold changes often. It’s important to know the value of gold when you’re selling it. That way, you can know whether you’re getting a good price for your items. That’s why it’s so important to know the weight and karat of your items as I mentioned above.
There are gold calculators you can use online to see what your items are worth.
Here are some gold calculators you can use:
Consider getting your gold items appraised
Having your items appraised before you sell them can be a good option if you have a large collection or any pieces you think might be high value.
Although having items appraised can cost more upfront, it can be worth it. Items like jewelry may be worth more than their weight when you also factor in things like embedded games, artistic value, and workmanship.
Having items appraised helps to determine whether you’ll get more money for the piece as a whole. It also provides you with a more exact figure for what your items are actually worth.
Get multiple quotes
To get the best value for your gold, it’s a good idea to get quotes from a few different places. You want to ensure that you’re getting a good price for your gold.
Separate items by their karat value
Sometimes dealers weigh all of your jewelry together and pay you based on the lowest karat value. Don’t allow jewelry of different karat value to be weighed together. Instead, separate your jewelry by karat value. That way, you’ll get a better price for your items.
How Much Can You Get for Selling Gold?
How much money you’ll make selling gold depends on the following factors:
- Purity: The higher the karat your items are, the more they’ll be worth.
- Weight: The price of gold is calculated per gram or ounce. This means that the heavier the item is, the more you will earn.
- Condition: If they are in mint condition, certain items like coins will get you more cash.
- Where you sell gold: Prices offered for gold can vary from place to place.
- Rarity: You can get more money for rarer items like a rare gold coin or piece of jewelry.
Using an online calculator like those I mentioned above can give you a better idea of what your gold items are worth.
Getting quotes from places you’re considering selling to also gives you a good idea of how much you’ll get for selling your gold.
How Much is Gold Worth per Gram?
The gold spot price per gram is $62.15 at the time of writing. The market price for gold can change often though. You can visit this page to view the spot price of gold at the time you plan to sell your gold.
It’s important to note that the market price for gold is for gold bullion and other forms of pure gold. This means that the price you get for gold items may not match the market price, and in most cases, it will be lower.
Cash for Gold: Your Ticket to Financial Shimmer!
Now that you know the prime spots to sell your gold, it’s time to turn those treasures into cash.
Whether you choose to sell your gold online or to a local buyer near you, you’re on your way to unlocking the value of your precious metals.
So, go ahead and make the most of your assets – those glittering pieces can shine in your bank account!