Gold is an extremely popular commodity across the United States. In 2013 alone, the consumer demand for gold bars and coins in the United States rose approximately 26%, and the demand for gold jewelry rose roughly 13%. With research reporting that there are estimated 2,118 jewelry manufacturing businesses in the country, the question of “where to buy gold” isn’t that much of a hassle. In addition, there are many places where you can sell your gold.
Tips and Tricks for Selling Gold:
- The best gold buyers are not the ones with the flashy “cash 4 gold” signs and commercials, but rather the businesses that know the value of selling gold and has experienced workers. Where to buy gold isn’t the question to ask yourself, but where to sell gold jewelry, coins etc. is.
- You don’t need to ask yourself “where to buy gold,” you need to ask “what gold can I sell?” Scour any antique jewelry you have — both men’s and women’s — and see what you can find. To find the gold content on jewelry, check for markings on the piece. With rings and bracelets, it will usually be listed on the inner band.
- Both gold and silver jewelry are measured in value based on its purity and its weight. Many businesses who are wondering where to buy gold from will usually buy other precious metals like platinum. Basically, if you have items made of precious metals that you don’t want, odds are you can sell them.
- When looking to sell gold or precious metals, make sure you get quotes on prices from multiple businesses so you get the best price. Also, check out the credibility of services online before you go to sell your precious metals.
- Gold jewelry is not the only gold item that can be sold for a good profit. Gold coins are extremely popular to those looking to buy gold, as gold coin collections can be melted down. If you aren’t sure if a business will take a certain product, bring it in anyways. You never know what can get you some extra money in your pocket.
If you still have any questions about trying to sell gold, don’t be afraid to talk to employees at stores that buy gold products. They are there to help you through the process and make sure both parties involved end up happy with the end transaction. It may also be worth it to check out various other websites to read up on some more advice.
Have you had any experiences trying to sell any gold items? Tell us about it in the comments below!