Want to Sell Gold For Cash? Check Out Our Tips

Many U.S. consumers have found that selling gold items is a great way to generate cash, but they’re not sure about how much money they can expect from selling. 
The following gold items may have value that you have not considered: bangles and bracelets, broken jewelry, chains and necklaces, pendants, brooches, earrings, coins, rings, charms, and cufflinks.

If you are considering selling gold, consider these five steps. Then, visit Best Collateral to sell or pawn your gold :

1. Check current gold prices before you sell.

Gold prices are currently high, but they can fluctuate. As a result, you should check a gold calculator to get an estimate before walking into your appraisal. The calculator should take into account the carat and weight of the item, as well as the current market price of gold.

2. Consider the characteristics of your gold item.

A gold buyer will make an offer based on carat and weight of gold in your items, the current international gold price at the time, and the quality and origin of the item. Know the characteristics of your gold item. Carat is a measure of the purity of the gold. The higher the purity, the higher the item’s value. So the higher the carat, the more the item is worth.

Check to see if your item is hallmarked. A hallmark is a small series of stamps often located on the inside of a piece of jewelry or a non-obvious place. It often states the purity and carat of the item, the date it was made, and the manufacturer. Know the weight of the item. A precise, digital kitchen scale will give you the item’s weight in grams. Know the origin of your item.

Various gold jewelry items sitting atop $100 bills.
Once you receive your quote from the buyer, you are not obligated to sell.

3. Remember that you are under no obligation to sell.

Once you receive your quote from the buyer, you are not obligated to sell. In any case, the buyer should be happy to provide you a complimentary, no obligation quote. You can always return another time to sell your item.

4. Don’t forget your ID.

The buyer will likely require photo identification, so don’t neglect to bring a valid ID to your appraisal. Make sure you have allotted enough time to complete any paperwork that may be associated with the sale of your item.

5. Research the buyer.

Ensure that the buyer is a member of the National Pawnbrokers Association. The National Pawnbrokers Association is a group of responsible pawnbrokers in the United States. 
Check online reviews to see how the buyer is rated by past customers. Also, check to see if the buyer has been reviewed by the Better Business Bureau.

The professional staff at Best Collateral is expertly trained to carefully assess gold items and offer fair, competitive prices. Our customers agree. That’s why we have earned a reputation for providing fair quotes to consumers who sell or pawn gold items. Visit one of our 11 locations in the San Francisco area for personal, attentive service to selling your gold jewelry, watches, or other items. Best Collateral is a member of the National Pawnbrokers Association, and has decades of expertise in buying and selling gold.