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3 Tips For Selling Your Unwanted Gold
Louane Dumont
Finding creative ways to generate cash can help you add to your monthly income. One of the easiest ways that you can turn unwanted items into cash is by making the choice to sell your gold jewelry and coins. Even broken items retain their value, since the gold content can be melted down and given a new purpose.
If you are hoping to turn your unwanted gold into some quick cash, here are three tips that you should be keeping in mind to ensure you get the most money possible.
1. Weigh your gold before visiting a gold buyer.
If you are hoping to maximize the amount of money that you receive for your unwanted gold, it can be beneficial to know exactly how much gold you have to sell. You can use a small set of home scales to obtain an accurate weight for your scrap gold. Once you have identified the weight of your items, you can multiply this weight by the current market price for gold to determine the worth of your unwanted objects.
You won't be able to get the full market value for your gold (since the buyer will need to cover the cost of refining the items), but knowing their market value allows you to determine if you are getting a good offer when trying to sell your items in the future.
2. Obtain several offers before making a sell.
You should always visit a few gold buyers when you are trying to sell your unwanted items for the most money possible. Each gold buyer sets his or her own rates, which means that you will likely be offered varying prices for your unwanted gold.
By obtaining as many competing bids as possible, you will be able to sell to the buyer willing to pay you the highest price. Taking the time to collect several bids will help you easily convert your unwanted gold into cash in the future.
3. Remove any non-gold components prior to sell.
By reducing the amount of work the gold buyer must do to prepare your items for the refining process, you can increase your overall profits when selling gold. If you have jewelry items that you are looking to get rid of, take the time to remove any non-gold components yourself.
Any precious or semi-precious stones should be removed from their settings before you attempt to convert your unwanted gold items into cash.
By taking the time to weigh your gold, gather estimates, and prepare your gold by removing non-gold components, you will be able to maximize the amount of money you receive from your unwanted fold items in the future. Talk with someone like Beaverton Coin & Currency for more information.
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