There are three main places to sell gold: reputable online gold buyers, ingot pawn shops, and local jewelers. We generally recommend selling online if you're looking for the highest possible price for your gold, although each option offers its own range of advantages and disadvantages. Selling gold jewelry and coins can be overwhelming, as street vendors abound. Here's how to avoid being scammed.
Selling your jewelry in person to a local store may still be the best way to get the most out of it. You also have plenty of options here, including coin shops, pawn shops, consignment stores, and jewelry stores. The American Gem Society provides a list of local jewelers who purchase jewelry. For example, in the Washington area, W, R.
Chance Diamond Jewelers and Nelson Coleman Jewelers in Maryland announce that they are buying gold and other jewelry. The best time to sell gold is when the spot price of gold is high and you're comfortable with the idea of selling your gold coins, jewelry, ingots, or other gold items. If you want to sell this type of gold (for example, a gold wedding ring), the price you will get in return will be based on the pure gold content that can be extracted from the item once it has been melted and refined. In the case of gold watches and other branded gold jewelry, you will get the best price if they are sold privately or through a company specializing in this type of product.
There are several things you'll want to consider when selling gold jewelry or other gold items. If you have antique gold jewelry or gold bars, selling them can be a great way to get cash right away and take advantage of today's high gold prices. If you have broken gold jewelry to sell, such as a broken necklace or a damaged wedding ring, you can usually take it to the same places where you would sell other gold items. In addition to being an excellent place to sell diamonds, they are one of the best options that exist if you have gold jewelry that you want to sell at the best possible price.
The best way to sell your gold is online through a reputable buyer, as you'll get a better price than you would if you sold it at a local pawn shop or jewelry store. If you have a significant amount of gold and want to sell at the best possible time, you can use gold forecasts and analysis to keep abreast of market trends. Therefore, the amount of money you will receive from the company that buys your gold will not be the exact spot price of gold. All companies that buy gold in small quantities will buy it for less than the spot price, meaning you won't get exactly what gold is worth when you sell it.
If you sell locally instead of online, be sure to apply the tips listed above to avoid bad deals and get the best possible price for your gold. While you won't get what you paid for your gold ring, earrings, bracelet, or other jewelry, you'll get much more from Abe Mor than from other gold buyers. Unless otherwise stated, the price of gold refers to 24-carat gold, or “pure gold”, which consists of 99.99% pure gold. The only gold items they don't buy are those that are filled or gold-plated, since these items have a very small gold content and have a minimum waste value.