How To Sell Your Gold

Jun 18
14:29

2010

Anna Woodward

Anna Woodward

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Knowing the basics about the gold trade helps you to decide when to invest and when not to. Selling your gold at the right time can reap good results for you. This article tells you more about it.

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With the state of the current economy,How To Sell Your Gold Articles it's no wonder why many people are deciding to get rid of their old jewelry, coins, and other valuables. Such is why many people are wondering in regard to the best way to sell gold. Well in fact, there are actually several. It all really depends on the type you are offering. Truth is, for the uninformed, the trade can become somewhat of a confusing topic. However, with a little know-how and some research, it is possible see quite a nicely sized return. In this article, we will provide information pertaining to the basics of the gold trade.

Jewelry

One of most common types of gold individuals attempt to rid themselves of is jewelry. This can be for many various reasons, however the majority of people just simply want to obtain a little extra cash for items they no longer use.

When most people think of selling, a jewelry store or pawnshop comes to mind. These are wonderful options for pieces that are not worth very much or if you're not invested in spending the time to find someone willing to pay more.

The other option in regard to selling is a dealer or refiner. These businesses exist in order to purchase unwanted and scrap metals and melt it down for reuse. These businesses buy based on the current market price of the gold itself, and does not reflect the type of jewelry, craftsmanship, or aesthetic values.

Scrap

Many people have quite a bit of scrap lying around the home. Scrap comes in all shapes and forms, and can be anything from wire, to solder, or electronics. There are even people that make a good living simply dealing in scrap to refiners.

The first step is finding the total value of the scrap. This task may prove harder than that of other types due to having different types of karats, or depending on where the scrap is from.

Once you've figured out a ballpark number, you will need to find a quality refiner to sell to. If at all possible, dealers should be avoided. Try heading straight for the refiner as many dealers simply act as middle men between the client and refiner anyway. This will ultimately result in more money for you.

Coins and Bullion

Many people purchase coins as an investment. With the market the way it appears today, there are quite a few people looking to cash in. The time it right now it's just simply a matter of finding a quality buyer. While you can certainly sell coins and bullion to a refiner, in this case it is generally a better idea to sell to a dealer. As with anything, be sure you're confident in your decision and that you're dealing with a company who is established and reputable.

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