Where You Might Not Have Thought About Selling Gold

For someone who has never sold gold items before

, it can be a little overwhelming trying to figure out how to do it and where to go. After all, the current gold market value changes several times a day and when you factor in gold weight, condition, and the quality it can be very confusing.

An easy way for those wanting to sell gold for some quick cash or just to get rid of it, selling gold online can be the easiest way. After finding a gold dealer on the Internet and signing up on the website, they can request a gold kit which is basically a kit that will allow the seller to easily package up their gold items and safely send them to the gold dealer for a simple appraisal. At this point, there is no obligation and if they decide to call the whole thing off and their gold will be sent back to them as it was.

All a gold kit does is allows a seller to send the gold in safely for a quote or an offer price. If the seller decides not to accept the offer, the gold is sent back. On the other hand, if the gold price is accepted, a check will be mailed in the seller's name almost immediately. A small shipping charge may be the responsibility of the seller but that is minimal if you consider a few factors.

Consider that a legit online coin dealer is going to offer the seller a fair market value. This means that after determining the gold's weight, condition, and quality it will be determined what the current market value is for gold at that moment and the offer will be set. The difference in this is significant considering that a jeweler would not be able to offer as much due to the fact that they are going to put the gold item on the shelf to attempt to sell it and make a profit.

Even more dramatic would be the much lower quote a pawn shop might offer someone for their gold items. Again, they have to turn a profit so the offer will be nowhere close to the current market value. In addition, some pawn shop owners and even some jewelers have no idea how to determine the correct carrots, condition, or quality of gold and may completely underestimate the value.

All in all, an established online gold dealer is most sellers best bet for selling gold. Just remember that any emotional attachment that someone has to a piece of jewelry or gold coin will not be taken into consideration. Some people are offended when they are offered what they believe to be too low of price for a piece of gold jewelry that maybe their Grandmother gave them. The dealer is only considering the gold itself because the metal will be melted down and sold for whatever the price per ounce of gold is at that point and time. It is best to not sell gold that someone may be attached to unless they really need the extra cash.

by: Krystal Miller

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