Tips on How to Sell Gold

The price of gold continues to skyrocket and doesn't look like it's about to deflate any time soon. Jewelers and dealers are buying at high dollar prices, making it tempting to sell your old gold for a great value. What ways can you be sure you're getting the best price when your gold?

Before shopping around for a gold buyer do your own research.  Check the hallmark/stamp, consider the weight and Karats or talk to an expert to find out the projected value. In most cases the scrap value, and not the high market price, is what you will get for your gold. Weight, design,  or sentimental value will not matter to most buyers since they buy the gold for melting.

The best option to get the full value of your gold is through a refiner. Since they buy in bulk, refiners might not be ideal for you if you only have one item. Pawn shops and local dealers are also a good option, since most are legitimate dealers. However, they buy at a low price.

When determining how to sell gold, identifying and avoiding rogue buyers is key. Some stores, mainly online dealers, will offer what looks like a good price only to take advantage of you. Be aware and check the credentials and background of any potential buyer. Ralph Mueller and Associates advises you to check with the Better Business Bureau (BBB) to determine  legitimacy of the buyer.

 Determining whether you want to sell your item as a whole or as gold scrap is another important consideration when deciding how to sell gold. Many dealers are only interested in gold and will discard other valuable stones. If you have  branded jewelry,  a high fashion necklace, designer ring or antique jewelry, it is more valuable if sold as a whole. Have the item properly appraised and consider the option of selling at an auction or to  Ralph Mueller and Associates.

When selling gold, it may be convenient to sell online. A little research through resources, such as Sell Gold HQ , checking website reviews, and contacting reputable dealers for advice will help you find legitimate buyers. 

Whichever option you choose, it comes down to researching and getting the best value for your gold. Ralph Mueller and Associates is always available to help answer your precious metal questions.