26 Wetheral Road Owerri, Imo. Nigeria
26 Wetheral Road Owerri, Imo. Nigeria
If you are thinking of cleaning out your jewellery box, be it of unused jewellery or ones with bad memories, the easiest way is to find places to sell the gold for cool money online or offline.
However, before selling your gold, it’s essential to research the buyer and get multiple quotes to ensure you are getting a fair price.
It’s also essential to be cautious when selling gold online and do your research to avoid scams or fraudulent buyers.
You need to know that selling gold is easier than you might think.
As one of the rarest metals in the world, the gold market has been around since gold was first discovered. With many uses, from electronics to fine jewellery, it will continue to be around, even in the future.
Most persons have had great difficulties trying to find the most appropriate place to see their gold online for cash due to the harsh economic times or the array of online gold scams and insincere gold traders. But, in truth, it is not as difficult as it seems.
In this article, we shall discuss a lot about all you need to know about selling gold items, know its value, how to know your gold is real and places to sell the gold both online and offline.
You can read through: The Economics of Gold Trading
Once you have decided to sell your gold item like jewellery, coins or gold teeth, you need to know exactly what you have and how much you can expect in return.
With online calculators you can quickly find an estimated value of your golden item. Once you know how much to expect, you will find out which of the sales methods available is the most convenient for you.
You can also check out a few places and compare their offerings to get the most cash for your gold. There are many online gold buyers to choose from. This is usually the easiest and fastest way to sell gold.
Offline places are physical stores and pawn shops that buy gold. Look around your neighbourhood to see if there are any.
Don’t fail to read: How to Invest in Gold in 2023 | Sure Things You Must Know
The selling price of gold depends on many factors. The market price for gold changes daily, but the prices here apply to gold bars and other forms of pure gold.
As of September 9, 2021, the price of gold in the United States is $1,924.27 per ounce, or $61.87 per gram – a new record and one of the highest gold prices since 2013.
Gold prices typically rise as the stock market falls in value and hits recent record highs due to the recent decline in the value of most stock indices.
Check out this article: How much is a 10k Gold Ring Worth In A Pawn Shop in 2023 – Expert Answers
Gold prices are currently at a record high. In the past 12 months, the price of gold has risen by more than 30%. Since 2000 the price has increased by 433%.
The value is based on many factors, but the most important one is the current gold bullion market price. The price per gram was $49.90 on February 6, 2021, which is equal to $1,552.75 per ounce.
This price applies to pure gold such as gold bars. If you have jewellery or other gold items, most likely they will be mixed with other metals and as such, the price will be lower.
Purity: As with other gold items, the higher the carat, the higher the value of your coin.
Weight: Since the price of gold is calculated per gram or ounce, every gram of your coin counts.
Condition: A good or new condition of your golden coin can increase the value of your coin many times over.
Rarity: Rare coins are worth a lot more than the usual ones.
If you can’t find a karatmeter to measure your gold item, you can use a few tricks to check whether the item you have is gold. While only a professional can tell you exactly the carat of your gold item, you can use one or more of the following tricks to check if it’s fake or genuine:
There are many gold price calculators online that you can use to calculate the price of your gold item.
To get an accurate calculation you need to enter the weight and carat. Just use a delicate kitchen scale to find out the weight of your item.
The carat number is usually on the item itself. You should be able to find a stamp on the back or inside the item. You will most likely find carats, for example 18 carats, which means the item is 18 carats gold.
Gold items may also have a three-digit number on the stamp. See the meaning of these numbers below:
Here are the best Places to Sell Gold Jewelleries Online for some nice cash which includes the famous CashforGoldUSA, Liberty Gold and Silver and US Gold Buyers.
Some places have a long history of providing adequate value for gold items and are accredited and recognized by the Better Business Bureau with an A+ rating.
CashforGoldUSA is one of the oldest gold buyers and among the top places to sell gold online. The company buys gold jewelry, scrap gold, and gold coins from all over the world. They are known to have some of the best gold prices among online jewellery buyers.
For many years, CashforGoldUSA has won the trust of its customers in excellent and fast service and affordable prices. They also offer a “gold price maximizer” that pays the difference if the gold market price rises within 30 days.
Express Gold Cash has been in business for over 25 years. They buy gold jewellery like engagement rings, watches, gold coins, dental gold, and other metals.
If you are not sure if you can sell your item, you can contact them by phone or using the online form.
Liberty Gold and Silver buys all types of gold jewellery and gold coins. They have been in operation since 2012. There isn’t a lot of information on their website, but they have a 24/7 phone line in case you have any questions about your gold items, pricing, or shipping.
Liberty Gold and Silver have not been around as long as some competitors.
US Gold Buyers is a high-quality gold buyers’ site that promotes high pay-outs for your gold coins, jewellery, other precious metals, diamonds, watches, and other fine jewellery. US Gold Buyers was awarded the A + by the Better Business Bureau in 2013 and was founded.
National Gold Buying (nationalgoldbuying.com) is a division of Star Group Refining. The company promises better gold payouts by eliminating the middleman so you contact the refiner directly.
National Gold Buying buys rings, gold chains, necklaces, earrings, charms, bracelets, cufflinks, pins, brooches, watches, coins, collectables, cutlery, mugs, trophies, and even dental gold.
APMEX is both a buyer and a seller of precious metals. APMEX, which stands for American Precious Metal Exchange, will also keep your precious metals investments safe for a fee.
Kitco is a giant in the gold and precious metals industry. Founded in 1977, the Canadian company has a news agency focused on producing written and video content on the precious metals market and a large buying and selling operation for gold, silver, palladium, and rhodium.
The Kitco Index is one of the world’s most famous gold price indices. Kitco does not buy scrap gold, gold jewellery, or other scrap metal from individuals, but rather deals with a business entity such as a pawn shop, gold exchange, real estate agent, or jewellery store.
Kitco will purchase precious metal coins from individuals.
GoldFellow (goldfellow.com) is unique in many ways. First, it’s one of the few online gold buyers that has retail locations across the country. Second, GoldFellow strives for transparency, from introducing its founders and team members on its website to opening your gold-containing envelope under a video camera.
JM Bullion is primarily a gold and silver coin seller and a gold IRA broker who has many products for sale on their website. JMBulllion.com buys silver and gold coins with a minimum shipping of $ 1,000.
American Bullion doesn’t buy gold coins, jewellery, or bullion but rather helps you convert an IRA, former 401 (k), or other retirement investment into gold, silver, palladium, and other precious metals.
American Bullion Inc. has been in business since 2009 and has an A + rating from the Better Business Bureau.
Goldco is a competitor of American Bullion which also helps clients convert their retirement investments into gold IRAs and other precious metals IRAs. These are specialized investment instruments that enable safe and long-term investments.
GoldCashOut (goldcashout.com) offers a guarantee that you will get the highest payout for your gold: if you are not satisfied with your payout, you can return your check within 15 days and have your gold returned.
With over 28 years of experience in the gold industry, GoldCashOut promises to beat any written offer for your gold, offering a $50 cash bonus on withdrawals over $250.
Luriya is a household name in Manhattan’s Diamond District. You have been buying gold for more than 20 years. If you can’t visit their New York store, you can sell your gold online.
Luriya is known for its professional team and the excellent customer service that they have provided for many years. When they put their service online, they maintain the quality of customer experience for which they are known so that you can expect only the best.
Money Metals Exchange sells and buys gold online. This company is not like other companies we looked at. They mostly sell gold and other metals, but you can also sell them your gold at a reasonable price. You might not buy jewellery, but you can sell gold coins here.
SellYourGold.com has been buying gold for over 50 years. The company uses proprietary technology to rigorously test gold items and bring you the best deal. They buy all kinds of gold items including jewellery, coins, and gold bars.
No matter your city, you’ve probably seen plenty of places near you where you can sell gold for cash. Not all branches have a good reputation, but some of them really do.
Three main types of outlets to sell gold for cash:
While there are certainly reputable local jewellers out there who can give you an honest gold resale price for your jewellery, coins, bullion, or other item, selling your gold online with a reputable company is beneficial because:
Pawn shops are great for quick cash. Most of the time, they offer better prices than other offline stores, especially chain pawn shops.
The main advantage of pawn shops over online buyers is time. If you sell your gold at a pawn shop, you can get it over with in 10 minutes or maybe a little more if you visit some of them and pick the best deal.
However, consider online gold buyers instead of going to a pawn shop, local jewellery store, gold exchange, or gold-for-gold location near you. These websites are in a strong position to offer high prices because they don’t have the expensive retail store overhead and the competitiveness of the internet is motivating to cut their fees.
Plus, you’ll enjoy the convenience and security of not leaving your home, and in the case of our recommended gold buyer, a 100% guaranteed maximum price.
Selling gold is a great way to make extra cash quickly. Also, with many valuation tools and buyers available, it is relatively easy to get the best money possible, especially if you know how to and places to sell your gold online.
If you get different quotes and keep an eye on the gold market, you can make even more money.
If you’re in a hurry to get cash for your gold, there are always a variety of offline options available.