How to Sell Gold for Cash


Gold is an investment and if you have gold jewelries or gold coins, or even scrap gold that you want to dispose off for some extra cash, then the good news, there are a number of ways for you to do just that.

Whatever reason you have for planning to sell gold for cash, it is encouraging to note that gold is priced at $900 to $1000 an ounce or more. And there are practically hundreds of local gold dealers, pawnshops, and even online shops, which are dying to get a hold of your gold items.

What to sell?

There are certain items that have no resale value so you need to be aware of what actually gets bought by the gold buyers. Check out the list below and determine if that gold item you currently have is a good candidate for a sale.

  • Any 24k, 22k, 18k, 14k, 12k, 10k jewelry
  • Platinum jewelry / scrap Platinum
  • Gold cufflinks
  • Gold or platinum chains
  • Gold or platinum necklaces / bracelets
  • Gold engagement or wedding Bands
  • Gold class rings
  • Gold cluster rings
  • Gold cocktail rings
  • Gold coins
  • Gold medals
  • Gold / Platinum brooches and pins
  • Scrap dental gold
  • Other scrap gold
  • Gold earrings
  • Gold / platinum lockets and charms
  • Damaged jewelry

Ways of selling gold for cash

Here are some of the methods of selling gold for cash:

  1. Local Pawnshop / gold dealers. This is pretty easy and works well if you are in a hurry. Just go to your local pawnshop or dealer with your gold items for appraisal. The offer might not be flattering but if you are fine with it, then take the cash.
  2. Online auction sites. Websites like eBay allow users to auction items off such as you gold. Wait for bids and take the one you think is the best price.
  3. Online cash-for-gold sites. If you are going to sell scrap gold then this is a good place to go. These companies usually provide a form for you to fill up so they can send you an envelope for you to put your items in and send it back to them for examination. You get paid for your gold via a check that they mail you.

Choose the method that works for you. For online transactions, you need to exercise caution and make sure your items are in good hands.