With gold scammers abound, selling your gold jewelry or coins can be challenging. Whether it is your gold coins collection, gold jewelry you no longer need, or some old gold earrings that don’t have partners anymore, selling them for cash is a good idea. You can make use of the money rather than having a box full of jewelry you don’t wear. However, you have to find the right buyer to sell them safely and for good money. Here is a guide you can use.

Wait for the right time to sell

Gold prices fluctuate depending on the economy, demand, and supply. Therefore it is good to wait for the right time to sell to make the most out of your gold coins or jewelry. You can track the gold market by researching online or contacting gold exchanges and enquiring about the high seasons. Thankfully, the internet has got your back.

Consult an appraiser before selling your gold

When you decide to sell your gold coins and jewelry, the first thing to do is contact an appraiser before looking for gold exchange. An appraiser can evaluate your gold items to determine their worth so that you know how much you can expect by selling them. Note that the price the appraiser sets may not be the exact one you sell your gold items for.

Set a realistic price

Now that you know the worth of your gold coins or jewelry set a realistic price. Do not let the emotional attachment you have with your gold items get in the way of pricing them. Price them based on their condition and worth. If you feel that you are not ready to let go of the jewelry, wait.

Look for legitimate gold exchange.

Next, look for a legitimate and trustworthy gold exchange to sell your gold jewelry or coins. Remember that gold scammers are everywhere on the internet, and you don’t want to be their next victim. Conduct your due research before choosing a gold exchange, and ensure you go through reviews to know what to expect. Check their certification, and find out how long the company has been in the industry. Ideally, you want to work with a gold dealer who has been in the industry long enough.

Avoid pawn shops

Selling your gold jewelry and coins online is better than selling them to any pawn shop. Thankfully, you can find an online gold exchange through the internet. The best thing about selling your gold online through a renowned gold exchange is that it guarantees your safety because you know who you are dealing with. When selling locally, you risk the gold being stolen or swapped when you encounter a lousy dealer.

The takeaway

Check the gold dealer before selling your gold items, whether coins or jewelry. Also, check if there are any negative reviews against them before working with them. It is also essential to shop around to ensure you get the best gold exchange that will offer good value for your gold items.