Despite reports that gold prices are falling fast from their all-time high reached a few years ago, it appears that it is as lucrative as ever to sell your gold to a reputable gold buyer. In 2013, consumer demand for gold bars, jewelry and coins increased by approximately 26%. However, if you’ve never tried to sell gold coins or sell gold jewelry before, you need to be aware of the risks of the gold market.
Here are some tips to help you sell your gold better:
Look for the best place to sell gold: Ideally, you should sell your gold to a buyer that has licensing in your state and has been approved by the Better Business Bureau (BBB). The best place to sell your gold will be one that has been around for several years and has its own storefront location.
Seek an appraisal: You shouldn’t trust a gold buyer alone to give you the best payback for your gold. Before trying to sell your gold, you should have your items appraised by an antique vendor to see if you have any vintage heirloom pieces that are worth more than their melt value.
Shop around: Not all places that buy gold will give you the same amount of money for your gold. Before finalizing any transaction, you should ask a few different gold buyers to give you an estimate of what they would pay you for your gold. This way, you’ll be able to sell your gold to the buyer who offers the most for what you have.
Now is a great time to sell your gold for some extra spending money. Be aware of the benefits and risks, and you’ll be able to get the most for your gold belongings! Find out more about this topic here.