If you’re looking for some quick cash and you have a stash of gold coins like my father-in-law does, or broken or mismatched gold jewelry like my aunt, you may be wondering where to sell gold.
Of course you may already know that a pawnbroker is a fast way to part with your valuables, but what many people don’t realize is that they really won’t always give you the best price. So instead of cashing in your items at your local pawnshop, here are a few other options you may want to check out:
Coin Shop: If you’re interested in selling gold coins, you may find that a coin shop is the perfect resource. You should keep in mind however, that some coins might be worth more in face value than the precious metal they’re made from. Also, don’t expect to be able to shop around and come back to the same deal from that coin dealer. Chances are, the price you were offered before will end up being a whole lot less later since precious metals can rise and fall in price several times a day.
Online Auction: There are many online auction sites like Ebay where you can auction off your items for a fair price. However, if you’re looking to get the best price possible, your chances of getting that through an auction aren’t the greatest unless a refiner happens to stumble across your page.
Refiner: if you want to get the most money when you sell gold, you should look for a refiner. Refiners allow you to cut out the middleman all together which means of course more money for you.
If you can’t find a refiner near you, you might try asking a jewelry appraiser who may know where to sell gold for the best possible price. Just remember, the more businesses that are involved in the process the less money you’ll get.
