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Sell My Gold: Here Are Some Tips

Hibu Websites • September 17, 2021

If you have any gold jewelry or coins that are sitting around collecting dust, sell them now. Gold prices have been steadily increasing over the past few years. If you have been wondering, "how do I sell my gold?", here are a few tips on what you should consider.



1. Always Sell Your Gold at a Reputable Place


One of the most important factors in selling your gold is to sell it to reputable gold buyers. Many places claim they will pay for all types of jewelry and coins, but not every business has been tested repeatedly by other customers.



2. Know the Weight of Your Gold


Before you even think about selling your gold, make sure you know how much it weighs. If a cash for gold shop offers to pay for all types of jewelry and coins, they usually state what weight range they are looking for. Make sure you sell your gold in a weight range that will be profitable for you.



3. Always Know the Fineness of Your Gold


Another key factor in selling your gold is knowing what fineness it is. If you do not know, then it might be time to research before taking any further action. The higher the number (or percentage) on your gold's purity scale, the more valuable and precious it will become. For example, 24K gold would be 100% pure or 99.99% pure; 18k gold would contain 75-90% purity; 14k contains 50-60%; and so forth. Always weigh your items first to find out their true value.



4. Sell Your Gold for Cash


If you want to sell your gold items as soon as possible, then selling them for cash is the way to go. Although this does not always mean they will give you a better amount than other businesses might offer, it offers convenience and speed. Before going through any type of transaction or sale, make sure that all forms are filled out correctly by both parties involved to avoid complications later on.



5. Know the Price of Gold Before Selling It


It is always a good idea to know the price of gold before selling your items. Even though many websites and other resources out there will tell you what the current price per ounce or gram is, it might be best to check for prices with the cash for gold program you are considering. The gold price was originally based on the Troy ounce, which has a mass of 31.1034768 grams and is larger than the avoirdupois ounce, which has a mass of 28.35 grams.



6. Know Your Jewelry


If you are trying to sell your gold jewelry, it is best to know what kind of pieces you have. The more information and history about the item in question, the better off you will be when selling it. Knowing whether an item contains diamonds or other precious stones could also help you sell your jewelry for a better amount.



7. Bring All Your Items Together


If you have more than one item of gold, then it is best to
sell my gold items together instead of separately. You might get a better offer from a business if they can buy several pieces at the same time instead of just a single item. Always sell your gold in larger quantities whenever possible.



8. Come Prepared


When you sell your gold, it is always best to come prepared with all of the necessary information needed for the business or organization to start processing the transaction. This includes having proper identification on hand as well as knowing exactly how much your item weighs and what its exact fineness is.



Sell My Gold Today


Have you been wondering, "how do I sell my gold?" It doesn't have to be difficult. There are many different ways to sell your gold, whether it is for cash or other types of payment methods. Be sure that the company you plan on selling your items to has a great reputation and will give you what they promise before starting any transaction.

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