Selling Gold? What To Know Before You Go

Whether you're a person who has recently started to intentionally pick up wholesale gold pieces in hopes of selling them at a higher price, or you have fallen on hard times financially and need some extra cash fast, selling gold is an excellent way to bring in money. Not only can you usually count on receiving the funds the same day you sell, but you don't have the added pressure of having to pay back a loan to the bank or someone you know. It's a great situation if you are able to buy and sell gold. If you are preparing to sell your gold, here are a few key points you'll want to keep in mind.

Location, Location, Location

One of the key factors that will determine how much you make when selling your gold is location. Going to the right place could net you much more than you would have gotten otherwise. Although there might be a gold buyer just around the corner from your house, you have to ask yourself if you really want to go that route. It's fine to get a quote from the local buyer, but don't sell yourself short by not doing research.

Think about the parts of your city that are known for having high-end stores. Are there gold buyers in that area? If so, head over and get additional quotes so you can compare. This gives you the data necessary to get the most bang for your buck!

Should You Sell Piece-By-Piece Or In Bulk?

Another component of effective gold-selling involves how you part with each piece. Some gold will get more money when sold individually, while other batches seem to do better when selling as a complete haul. It's up to you to decide how you want to sell your collection.

Carefully examine the gold that you have. Could you see yourself wearing that necklace or set of earrings? Are there any noticeable dents or scratches in the gold, or do they seem to be free of blemishes? Answer these questions for yourself, and you should be able to pick out the pieces that are better sold alone, versus those that should be part of a group.

Getting money for gold can be a lot of fun. Remember these points so you can maximize your return and receive the cash you need as soon as possible. For more information, contact a local gold buyer, like Beaverton Coin & Currency.