You Can Easily Find Reviews Online
If you live in a smaller town it might be tough to find reviews for local jewelers or gold-buyers.
This isnt usually the case with online gold buyers.
Most sites who buy gold will have lots of reviews on social media and on websites like Trustpilot and the BBB.
This makes it easy for you to find legit places to sell gold.
Must I Pay To Have My Gold Assessed Or To Sell It
The Mikaël Dan house carries out free of charge the expertise of all your gold. This service entirely free of charge is without commitment.
The Mikaël Dan house, established on the Parisian scene since 1989, composed of expert watchmakers and jewelers graduated in gemmology lets you benefit from its knowledge and from its expertise.
Our Parisian boutique welcomes the individual clients from Wednesday to Saturday from 11 a.m. to 6.30 p.m. continuously and without appointment, at 20 rue de Miromesnil 75008 Paris.
You will benefit from an expert opinion for the purchase of all your second-hand jewels and watches.
The Mikaël Dan house Expert jeweler and watchmaker Member of the European Alliance of Experts, graduates from the National Institute of Gemmology and « Certified Diamond Grader » of the Antwerp HRD laboratory.
THE IMMEDIATE PURCHASE
Receive your payment immediately
After a specific expertise done in front of you and in all discretion, we offer you a fair purchase offer in line with the market. You have time to reflect, to refuse or to accept our offer. If our purchase proposal attracts your attention, the payment is made immediately by check or by bank transfer upon presentation of your ID.
THE DEPOSIT SALE
Earn more by receiving your payment once the piece is sold
THE EXPERTISE
Have your goods estimated free of charge
Best Raw Gold Buyer: Cashforgoldusacom
CashforGoldUSA is our top choice for selling raw gold. In addition to paying within 24 hours, CashforGoldUSA offers a 10% bonus if you ship your raw gold within a week of receiving your mailer.
Here are some more reasons we put CashforGoldUSA at the top of our list:
- Better Business Bureau Review of A+
- TrustPilot 4/5 stars
- Free door-to-door, trackable FedEx shipping
- Insurance with Lloyds of London up to $100,000
- Buys any sum of gold or silver no minimum
- CashforGoldUSA is one of the oldest and largest online gold buyers, with more than $156 million paid out since its 2005 founding
- Family owned
- Highest-price guarantee :
Here is a list of other raw gold buyers:
- Liberty Gold and Silver
Check out this post for a comprehensive review of these gold buyers.
Also Check: How To Get Golden Eagles
Should You Sell Your Gold Online
Like with almost every other business transaction, the internet is an option for selling your gold. Ebay, for example, has a marketplace where sellers can send a photograph of their item and receive a quote — without sending in their item. Notably, their buyback partner, APMEX, only accepts bars, coins and rounds.If you have coins or bullion, Smith said, selling the items on eBay is better than a pawn shop. But he prefers local in-person transactions to online sales. Basically you know who you are dealing with, he explained. I guess Im old school inasmuch as I like to deal face to face. If I dont get that warm fuzzy vibe of trust I go elsewhere.
Special caution is warranted, though, if you elect to mail your items to a potential purchaser as part of an online sale. Make sure to take photographs of your items and make a list before mailing them out. Also, you should insure the package before mailing it.
Raw Gold Buyers Where You Could Sell Raw Gold
Some links below are from our sponsors. Here’s how we make money.
Raw gold is gold in its natural state, usually in the form of gold nuggets, flakes or dust.
Just like you can sell your unwanted gold jewelry and other items, you can make money selling raw gold youve found, inherited or purchased.
We recommend selling your raw gold at CashforGoldUSA, which has an A+ BBB rating and offers payouts within 24 hours.
Here’s what to know before you sell:
You May Like: Heaviest Credit Cards 2020
The Bottom Line On Selling Your Gold
There are many excellent places to sell gold quickly and make money. The best one depends on what youre selling and the condition. Consider auctions and collectible marketplaces first to get the most cash. Otherwise, instant buyback sites and gold exchanges will accept most gold and base your payment on weight and purity.
Make Sure It’s Real Gold
Before you search for where to sell raw gold, know that not all rocks with gold in them are true gold. Other metallic minerals can mimic the look of real gold, notably pyrite, which is commonly called “fool’s gold.” If you’re a novice and can’t tell the difference, find a local gold assayer in your area who can test for authenticity. A gem and mineral show will have assayers on hand for this purpose.
Video of the Day
Recommended Reading: How Much Does One Brick Of Gold Cost
How Much Is Gold Worth Per Gram
The market price for gold can change daily, so make sure you check at the item you plan to sell.
At the time of writing, heres what gold was worth:
- Gold value per gram: $60.41
- Gold value per ounce: $1,879.10
- Gold value per kilo: $60,414.42
To check the price when you come to sell your items, visit this page.
Please note that the market price for gold is for gold bullion and other forms of pure gold.
So the price you get for golden items may not match the market price and in most cases, it will be lower.
Do I Have To Pay Taxes If I Sell Gold
In general,you have to pay tax when you sell gold if you make a profit. According to the IRS, precious metals like gold and silver are considered capital assets with financial gain from their sale seen as taxable income.
Earnings from the sale of gold jewelry are classified in this way because theyre treated similarly to other valuable personal property and can be easily sold off for cash. Because of this, youll pay tax based on the capital gain youll get when you sell your gold.
In this case, capital gain refers to an increase in your gold items value. A capital gain may be short-term or long-term , but it is usually considered as realized when the property is sold and then must be claimed on your income tax.
Also Check: Get Tinder Gold Free Trial
How Much Is 24k Gold Worth
24k gold is the purest form of gold that youll find. As such, youll get more money for 24k gold than for any other kind, such as 18k or 14k.
In order to determine how much your 24k gold is worth, all you need to do it:
- Look up the current spot price of gold in grams
- Weigh your 24k gold
- Multiply the weight of your 24k gold by the current spot price of gold
Selling To An Online Dealer
One of the safest methods to get a good price is to sell your bullion online to one of the major online bullion dealers who have proven track records and business systems in place. When you sell online to a dealer you will typically be able to commit with a quantity and price locking in either over the phone or even online without a phone call. When selling online the dealer will most likely take a credit / debit card deposit from you just in case you balk on the delivery of your end of the deal .
When selling to an online dealer they should give you an order number of some sort to identify the specific transaction, a packing slip to print and put inside the parcel, and an address to ship the contracted goods to. Then within one business day you would safely ship the metals to the dealer and give them the tracking information so they can monitor the incoming goods. Once the bullion items have been safely delivered to the dealers mandated address, the dealer will then inspect and verify the metals and finally issue payment subsequent to their payment policy and your payment preference .
This may require you to get multiple bids so prepare to drive around your city. If you live in a city with only one coin dealer, well that coin dealer has leverage to low bid and people who are in a bind, they likely will sell at prices lower than they should.
| Local Coin Shop |
Recommended Reading: Tinder Gold Free Code
Take Good Care Of Your Coins
Like your house, gold coins are physical assets, and their condition will affect their price. Keep your coins safe and handle them with care. The 24-carat coins are incredibly delicate and prone to scratching, which will affect their sale price.
If your coins are dirty, wash them in warm soapy water. Consider investing in plastic coin capsules to house your coins, so you can handle them without worrying about degrading their condition.
It Is The Topic Of Conversation For Everyone
This one is easy. When the price of gold rises, it becomes a common topic of discussion, whether in the media, at social gatherings or among coworkers. Your social networking group may give you clues about when to sell your gold. If you are planning to sell, check keep an eye out for such conversations and news updates. For example, gold rates today in Bangalore for 22K gold are high and it will make for lucrative returns.
Recommended Reading: Banned For Buying Gold Wow Classic
Do I Need To Worry About Scale Accuracy
In some cases, yes. The accuracy of scales used by jewelers and pawn shops is verified periodically by government agencies. But this may not be the case for at-home parties or sellers who set up shop in a hotel for the weekend.
Also, some buyers pay by the gram, while others use a pennyweight valuation. A pennyweight is equal to 1.555 grams. When youre paid by the pennyweight, that allows the buyer to get more gold for less money.
Local Buy And Sell Apps
If youre willing to exert some extra effort to get a little extra cash, local buy and sell apps can help you earn more. You can also avoid platform fees that online marketplaces are likely to charge. Some of the apps to consider are:
- Facebook Marketplace
- Craigslist
- OfferUp
Its free to list on the app, and you may also be able to receive payments within the app if the buyer pays with a debit card. Otherwise, you can accept cash payments at the local meetup. While this option requires more effort, you can sell directly to collectors and the general public.
Consider these apps as youre more likely to get up to the market value for your items. So, for example, you can sell coins and bars for less than the current premium that coin dealers charge.
You can sell various items containing gold from fine jewelry and collectible coins to less valuable costume jewelry. These apps can also help you sell gold-plated items mostly made of a composite core and dont have enough gold for others to melt.
Depending on the item, providing official authentication can make it easier to sell your items. In addition, this proof of authenticity can give buyers peace of mind.
Pros
- Can sell many types of items
Cons
- May need to provide an official appraisal value
Read Also: Cost Of Gold Brick
What Is The Difference Between Gold And Paper Gold
Gold prices are set by buying contracts for gold, and most of the time, these contracts are not backed by the physical metal. This paper gold is a promise to deliver gold or the equivalent in cash. For example, when you buy a gold Exchange Traded Fund, youre not actually buying gold, youre buying a proxy vehicle for gold.
At times, due to market conditions, real gold and paper gold can differ in their prices. Paper gold can influence the value of real gold quite a bit at times. When markets are out of whack, the values of the gold proxies they trade can shift dramatically with no justifiable or real linkage to gold demand or production.
Calculate The Value Of Your Items With The Scrap Gold Price Today Before You Sell Gold Jewellery To Hatton Garden Metals Buyer
You May Like: Price Of 18kt Gold Per Gram
What Is The Gold Spot Price
The spot gold price is the price that gold will sell for today on the spot. This price changes daily and is the standard used by dealers to set their prices to buy from consumers.
It is expressed at the current price that one troy ounce of gold can be bought or sold based on an unfabricated form of gold. Unfabricated means the gold is in a raw form before it is struck as a coin or poured into a bar.
Many factors influence the spot price of gold. Market speculation, current events, supply and demand and other things will impact the rise and fall of spot gold prices. Keep in mind that gold is constantly being bought and sold around the world, not just in the United States.
This 24-hour a day action includes gold being sold on exchanges in New York, Sydney, London, Hong Kong, Tokyo and Zurich. As prices rise and fall in each of these markets, it impacts prices throughout the world.
If you are actively engaged in seeking to sell gold, or will be doing so over a period of time, youre smart to keep up with the spot price of gold to help you get the most money when you sell, and get the best price if you intend to buy.
Is Selling Your Gold A Good Idea
Is now the right time to sell? Should you wait for the price to go up, or will waiting risk losing money if the price goes down?
Selling gold now is a good idea for those who need cash or want to use the gold to reinvest in a newer piece of jewelry, Gizzi said. Outdated jewelry that is broken or single earrings also make great items to sell.
That being said, its possible to have regrets. Always remember that once the piece is gone, you can rarely get it back, Gizzi explained. Just because a piece of jewelry is outdated, doesnt mean that it wont come back.”
You May Like: War Thunder Golden Eagles Code
Search For Online Gold Buyers And Sell Your Gold Online
Selling online can be scary. What if your item gets lost in the mail? Stolen? How can you trust an online gold, silver or jewelry buyer?
Online gold buying is a very competitive space, and therefore it behooves buyers to be ethical, fair and maintain a very high reputation both online with users and reviews, as well as with their trade organizations, the Better Business Bureau and other agencies. Note that most gold buyers also buy silver coins, flatware, jewelry, candlesticks, and more.
CashforGoldUSA is our choice for gold buyers, because they meet these requirements and more, paying within 24 hours and offering a 10% bonus if you ship within a week of receiving your mailer. The company has an A+ rating with the Better Business Bureau.
Typically, the process works like this:
Selling Gold Coins Vs Selling Other Types Of Gold
The process for selling gold coins is quite different from that for selling gold jewelry, such as a gold wedding band or engagement ring.
As weve covered in our guide to selling gold jewelry, there are many merchants that buy gold jewelry. For example, if you have a gold wedding band that youd like to sell, youll usually be able to sell it online or offline to a local jewelry store or pawn shop.
Gold coins, on the other hand, are more of a niche item. To be more precise, gold coins are a type of gold bullion . As such, theyre usually treated as an investment or store of value, rather than as a consumer gold item.
Don’t Miss: How Much Is A Gold Bar Worth In Rdr2
