Sell My Gold For Cash

By Hal Young

With a bad economy people are on the lookout for new ways to make money. One of these ways that people use to make extra spending cash is selling gold. That is why the question how can I sell my gold gets brought up quite a bit. Your gold could be old gold jewelry, coins, or any other scrap gold but they might have. While it may sound easy at first, unfortunately it is not all that easy to get your actual gold's value. And not only that, you also have to be on the lookout for all the con artists out there that are looking to ripoff people new to the field. In the following article I will explain how you can sell your gold for cash easily and safely while avoiding any scammers that might be out there.

The very first thing you need to do before you think about finding a buyer is to figure out how much your gold is worth. The easiest way to accomplish this is to go directly to a jeweler or pawnshop where they have the tools available to determine the karats of your gold and how much it weighs. They will then give you an estimate based on the current spot price of gold. But that price changes daily so you may have to check a financial related sites like CNN or gold price.org that will give you the current price of gold later when you actually go to sell your items. You can also try your hand at figuring it out yourself but you will have to find a guide that shows you how to convert from the standard ounces to pennyweights.

Now that you've finally figured out how much your gold is worth it is time to go about finding a gold buyer. There are hundreds if not thousands of buyers out there - you just have to find them. You can do this in several different ways but the easiest by far is the phone book or online. Just make sure that you research them thoroughly before selling to so you don't get ripped off.

If you have scrap gold to sell, your best bet would be selling to a gold refiner. Gold refiners buy your gold based on the spot price of gold and various other factors but you can usually get at least 90% of the spot price of gold if the refiner is legitimate. Also most gold refiners usually have a sliding pay scale so the more you have the better chance you have a getting a better price.

If you have any gold jewelry and you think it might be worth more than just the gold content in the piece, you should probably think about selling to a gold jeweler or pawnshop. At very least they will confirm if it is actually worth more than the gold content in the piece. If it is you will certainly get more than what you'd get from a gold refiner or dealer.

And finally if you're looking to sell gold coins the best place is probably straight to a coin dealer. Some older coins might have more value than just the gold in them so selling to a gold coin dealer who can appraise them is usually better than selling to a gold refiner.

And that is all there is to it folks. If you will just follow the tips outlined above you will have learned how to "sell my gold" both safely and easily. Just remember to check out the companies first before going through with anything. - 23212

About the Author:

Hal writes about all the different ways that you can go about selling gold for cash. If you have ever asked the question how to sell my gold then please visit his site where he will show you how.