Top Things To Know About Selling Gold

If you are interested in selling gold so you can put some money in your pocket (while also getting rid of items that you don't want anymore), you do have options. If it's your first time doing it, it's only natural that you might have a few questions. These are some of the top things that you should know about selling gold.

There Are Plenty of Gold Buyers

First of all, you should not have a hard time finding people who will buy your unwanted gold from you. There are many online or by-mail gold buyers that you can use; with these, you can just send in your gold and get paid, all without even having to leave your house. You may have local gold buyers or pawn shops near you where you can sell unwanted gold, too.

You Can Sell Many Types of Gold Items

With many gold buyers, you can sell gold items of all different types. For one thing, many gold buyers don't care if you have traditional yellow gold, white gold, or even rose gold. They'll usually buy any type of gold.

You can generally sell a lot of different types of gold items, too. Gold bars and bullion are obvious, but many gold buyers will buy gold jewelry, gold coins, scrap gold, and even dental gold.

Condition Doesn't Usually Matter

You might assume that your gold has to be in pristine condition for you to sell it, but this is not the case at all with most gold buyers. Instead, you can generally sell broken jewelry, tarnished gold coins, or any other gold items in pretty much any condition. All that usually matters is that the item is made from gold since even if the condition is not good, the gold can be melted down and used for something else.

How Much You'll Get Paid Varies

One thing you're likely very curious about is just how much you will get paid for your gold. This varies a lot. Most gold buyers go off of weight. The current market price of gold impacts your offer, as does the purity of the gold items that you're selling. Most gold buyers will be more than happy to tell you how much they're willing to pay for your gold, giving you the option to choose whether you want to take their offer or not. However, if you're working with a by-mail gold buyer, you may have to pay for return shipping of your items if you choose not to sell. 

Look for someone who buys gold near you to learn more.