Top 3 Gold Selling Tips

“Top 3 Gold Selling Tips” Posted by American Coins & Gold on 9/5/18

Selling gold items for cash is one of the best ways to put some extra cash in your pocket. Whether you have gold jewelry or gold coins, understanding our top tips will help you make sure you get the best deal and have all the information you need. However, now a days you might be overwhelmed with the amount of options you have when it comes to gold selling. Below we will outline our tip 3 tips which will help you chose the best method for selling your gold and understand the process a bit more. American Coins & Gold has 6 locations and has over 20 years of experiencing buying & selling gold jewelry + coins.

1) Choosing The Right Gold Selling Method

The first tip we have to share is that if you fully understand all of your selling methods you will be in the best position to get the most for your gold items. Gold selling refers to the exchange of golden valuables for fiat currency, AKA cold hard CASH. Once you have compiled all the gold coins and jewelry you would like to possibly sell you have a few different options. The most common are

> Online auction websites such as eBay

> Stores with ‘CASH 4 GOLD’ Signs

> Trusted Coin & Gold Dealers

The first option might seem like the easiest because you don’t need to leave your home. But as you further analyze this method you will realize not only do you still have to leave your house to mail the item, you are also taking a risk. Any auction has risks and that has many variables which influence the final selling pr

ice of your item. In addition, you should be aware of all the fees associated if your item(s) does sell. With high risk also can come high reward. However, we strongly advise you work with a local trusted coin & gold dealer when you are in the market to sell.

This is not to be confused with stores that have “Cash 4 Gold” signs. Not all of these are reputable buyers, and are often the middle man of the middle man. What does that mean? It means you should expect a lower offer when you are selling gold to them as opposed to someone higher up on the totem pole. A local coin & gold dealer is usually the best option for you when it comes to selling your gold. This is because they have the experience and knowledge to appraise rare items for their true value as well as they typically work directly with precious metal refineries & buyers.

2) Understand The Gold Selling Market

As mentioned above, many factors go into play when you are trying to determine what your gold items are truly worth and how much cash you can actually get. That’s why our second gold selling tip is to do your research and understand the market. Since the price of gold fluctuates, so will the offer for your items.

You can always check out the header of our website for the current gold and silver trading prices. This is from the trusted site kitco.com which not only lists prices but also has a lot of informative content about the precious metal industry. Including local events which impact price as well as historical information for your research.

3) Always Get An Appraisal

Our last but certainly not least tip is to ALWAYS get an appraisal. A free no obligation appraisal will examine multiple aspects of your golden items, including:

> Condition

> Rarity

> Market Demand

> Weight

> Authenticity

You should never feel pressured during the appraisal process. Rather, you should feel confident that you are taking the best course of action to get the full value. Always make sure a professional with valid experience is the one performing the appraisal. American Coins & Gold offers free appraisals 7 days a week. We also offer at home appraisals if you have a large collection or cannot make it into one of our 6 locations.

Call, text, email, or click the button below to begin the process today!