GoldPaq

Sell the Easy Way

Today’s strong prices make it easier than ever to sell gold, here are 5 quick resources to get anyone started.

There are plenty of options a seller should investigate prior to accepting money from anyone, each one suited for a different set of needs.

1. Post it on ebay

Gold is regularly posted on ebay, and because it is grounded with a set price it is a viable option. However the ebay process can be tedious and requires signing up for an account and signing up for a paypal account to accept payment.

The seller must be aware of the possibility that no one will bite on what they have to offer, and wait out the bidding process should potentials start to bid.

Once the auction is over, the seller receives payment through paypal and 3-5 business days later they can have cash in their hands.

However there are fees, ebay takes a cut, paypal takes a cut and the seller gets what is left over. Most people don’t have that much gold to sell, which means the fees can quickly eat away at any real profit.

This method is best for selling rare or custom pieces that could spur the interest of collectors, the more strange and rare the piece, the more money a seller might coax for it.

2. Use a Gold Buyer

This option means dealing with the sharks of the market, people who live and breathe gold. Their little toe knows more about gold than most sellers will in their entire life, and sharks are not above using that knowledge against their prey.

Because they know their gold, chances are most operations will buy almost anything with gold content, most of which they will melt down and refine to sell in its pure form.

On the flip side, should you bring them something that is worth more than the average piece, they might not be able to contain their glee long enough to under-quote you.

We’ve established that the standard gold value is universal, however prices a seller receives will change dramatically from buyer to buyer. Although pricing should be based on weight and purity, dealers price scales, fees and honesty-levels will vary.

3. Find a Private Buyer

Selling gold to a private buyer allows the seller to avoid any type of dealer fees which means the potential to get every penny’s worth of value from what they have to sell.

Private buyers are a good option to sell gold coins and bullion, saving the seller fees on their sale of almost pure gold. Unfortunately, dental gold and broken jewelry doesn’t interest rich investors much.

This is also a solid option for selling fine jewelry pieces, because most private collectors can often afford to pay top dollar to get what they want.

Again, most people that want to sell jewelry wish to sell that which is unmatched, broken or fashion suicide, not the swanky pieces their grandma left them. So for broken bits and out-of-style gold hoops this isn’t the most effective option.

4. Go to a Jeweler

A jeweler should be the absolute expert in jewelry, however that is not always the case.

Chances are a gold dealer or a pawn shop will be able to tell a seller more about their gold than many of the jewelers found in the yellow pages today.

This is the best option for those who want to play it safe and sell to a reputable establishment. The price they offer will not be the best, but generally the seller is almost guaranteed a fair and informed appraisal, even if they have to wait for it.

This option is best when a buyer spends time doing their homework and makes an educated pick of jewelers, either through research or by talking to friends and family who know their jewelry.

It is also a good way for a seller to gauge the value of their loot.

Obviously this choice is for those who have jewelry to sell, although some jewelers will deal in collectable gold coins too.

5. Visit a Pawn Shop

A quick and dirty way to sell gold, there is always your local pawn shop, you know where it is, on the seedy end of town.

A pawn shop is also rather anonymous, a seller takes their gold to the shop where they weigh it and make an estimation of it’s value. Once the seller agrees on a figure, the shop pays them and generally offers the seller a buy-back option set for a specified amount of time.

After this time has passed, the pawn shop owns the piece outright and will either sell or process it.

Because they offer cash right away, pawn shops appraise very quickly. This process is rarely in the seller’s favor, as it relies on the specific knowledge and honesty of the guy behind the counter.

The local pawn shop is a quick way to get cash for those who want to sell gold, in almost any form, however this option will also probably cost sellers the most in the long run.

Bonus: Sell Gold Online

A seller who chooses to sell gold to an online service should only submit their information to well-established sites that provide them with a written quote and a guarantee

Of course we think we are the best option.

Our gold buying service is quick and easy and we guarantee our service will pay sellers more than the rest of the industry.

We’ll even appraise and purchase your fine jewelry for its fair market value.

Ultimately it is about convenience and price for any seller and in many cases one must be sacrificed for the other. We strive to be the fastest, easiest and best paying way to sell all types of gold, platinum and sterling silver.

Please let us know if we can be of service.

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