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Selling gold through mail order has become a big deal recently with people claiming to get huge amounts of money for small amounts of gold.
However, is selling your gold jewelry and or coins through a mail order company a good idea?
While selling your gold can be a good way to bring in some extra money, you may want to re-think doing so through mail order companies.
Here are a few things you should think about before selling gold through the mail order companies…
Tips For Selling Gold Through The Mail
#1 There are often middlemen when it comes to dealing with these mail order companies, and where there are middlemen, there is less money for you.
#2 If you still decide to go through a mail order company to sell your gold, and you don’t insure your package, chances are it won’t even make it to its destination.
#3 If you wouldn’t sell off one of your stocks for less than it’s really worth, why would you sell your gold jewelry and or coins for less than it is actually worth? Which is basically what you’re doing when you are selling gold through a mail order company.
So, if selling gold through a mail order company isn’t the way to go, how can you get the best bang for your buck?…
How To Get The Most Money For Your Gold
- Take your gold jewelry to a store and have it appraised. You may get lucky and get an offer, but even if not, you can sell your gold jewelry online through e-Bay or Craigslist for what it’s really worth!
- Sell directly to a gold refinery and cut out the middleman. Just be prepared to not get your pieces back because the way they determine the amount of actual gold in a piece is to melt it.
- Find out what the actual value of the gold index is before you sell your gold pieces whether they be jewelry, coins or bars. You can go to Kitco to find out the actual value of the gold index.
- Shop around for the best price on your gold. Don’t just take the first offer you get. Also, if your gold jewelry is not damaged, consider selling it as jewelry, you’ll get more money for it!
Here are 10 tips for selling gold for cash and getting the best deal.
My favorite things to write about are topics that have to do with pregnancy, weddings, saving money, living green, and life with dogs. When I’m not writing, I love to spend time with my husband, read, create 3D artwork and Native American beadwork.