When you are selling your gold, you are brokering a deal and knowledge is power when you are selling gold. The more knowledge about the industry you have, the better price you will get for your gold. It is important to learn about what kind of gold you have and then how to broker a good deal. Here are 3 things to remember when selling your gold.
1. Have realistic expectations. A dealer will know, right away, if you come into his place of business and have no idea what you are talking about in regards to your jewelry. If you have unrealistic expectations about the gold you have, the buyer may say that he does not want to purchase your gold.
You will have to go somewhere else and see what they have to offer. If you have knowledge, you will know what your gold is worth, before you get there and have realistic expectations.
Unless you have save thousands and thousands of dollars worth of gold and purchased it when gold was dirt cheap, you will not become financially independent selling your gold.
Also, having one really old date gold coin is not going to make you rich either, unless you have a 1933 $20 St. Gaudens hiding somewhere from the government. Other than that, you may get a chunk of cash that you can use but not be financially independent.
2. Make sure that you have looked at more than one option as to how to sell what you have. Use more than one selling outlet to get the best price. Sell gold jewelry on eBay or at the jewelers and take your coins to a coin dealer who understands what you have. Where selling gold is concerned the do-it-yourselfer gets more money.
Get several bids and look for business owners who have a good reputation in your neighborhood. Go to the library or use Google and read up on how to sell gold facts and you will find answers as to how to get the best price.
You must arm yourself with the best knowledge you can before you sell. If you dont have it, you will be subject to all the scam artists out there.
3. Make sure you go in knowing what todays gold price is and before you take the gold out of your pocket or purse, ask the gold buyer what is he paying per ounce. If it is not even close to bid price today, then say thank you and leave the building. If you are not getting todays bid price, then you will be losing out on money.
Remember, knowledge is power when selling gold. The more you know, the more money you will make.
1. Have realistic expectations. A dealer will know, right away, if you come into his place of business and have no idea what you are talking about in regards to your jewelry. If you have unrealistic expectations about the gold you have, the buyer may say that he does not want to purchase your gold.
You will have to go somewhere else and see what they have to offer. If you have knowledge, you will know what your gold is worth, before you get there and have realistic expectations.
Unless you have save thousands and thousands of dollars worth of gold and purchased it when gold was dirt cheap, you will not become financially independent selling your gold.
Also, having one really old date gold coin is not going to make you rich either, unless you have a 1933 $20 St. Gaudens hiding somewhere from the government. Other than that, you may get a chunk of cash that you can use but not be financially independent.
2. Make sure that you have looked at more than one option as to how to sell what you have. Use more than one selling outlet to get the best price. Sell gold jewelry on eBay or at the jewelers and take your coins to a coin dealer who understands what you have. Where selling gold is concerned the do-it-yourselfer gets more money.
Get several bids and look for business owners who have a good reputation in your neighborhood. Go to the library or use Google and read up on how to sell gold facts and you will find answers as to how to get the best price.
You must arm yourself with the best knowledge you can before you sell. If you dont have it, you will be subject to all the scam artists out there.
3. Make sure you go in knowing what todays gold price is and before you take the gold out of your pocket or purse, ask the gold buyer what is he paying per ounce. If it is not even close to bid price today, then say thank you and leave the building. If you are not getting todays bid price, then you will be losing out on money.
Remember, knowledge is power when selling gold. The more you know, the more money you will make.