- 1). Weigh your gold on a digital scale. You can then check the weight of your gold against current gold prices online (see Resources) to get an idea of how much your gold is worth in terms of the wholesale melt value. The spot price listed reflects the current market price per troy ounce. Divide this amount by 31.103 to determine the market price per gram, then multiple the rate by the number of grams your gold weighs. You now know what the melt value of your gold is, which is the lowest price you should accept.
- 2). Visit local jewelry stores in Mount Vernon, Ohio, to see if there is any interest in buying your gold. If you have nice jewelry with a potentially high resale value, many jewelry stores will offer to buy the gold from you. If not, you can ask if they will be willing to sell the item on consignment. This will put your gold up for sale in the jewelry store, and when it is sold you will pay a commission to the store. The main jewelry stores to evaluate in Mount Vernon are Wise Jewelers (740-397-3030), Friedman’s Jewelers (740-397-4139) and Hunnicut’s (740-392-3318).
- 3). Expand your search to the area surrounding Mount Vernon, Ohio. If you are unable to sell your gold locally, there are a number of nearby locations that you should consider selling gold to. The Willard Coin Exchange (419-529-9810) in Willard, Ohio, often buys gold items, even though they specialize in coins. If you are willing to make a short drive to Columbus, then Gold Star Jewelers (614-891-2211) and Gold Doctors (614-635-4500) are also good places to sell gold.
- 4). List your gold on an online auction site, such as eBay.com. Selling your gold at auction is often the best way to get the highest price. Your auction will be seen by a much larger number of people, which increases your chances of your gold being seen by someone who is willing to pay a high price for the item. If you are fortunate, your gold will catch the eye of multiple shoppers and send them on a bidding frenzy, especially during the last two minutes of your auction.
- 5). Do not feel as though you have to sell your gold for less than it is worth. If you are not happy with the price you have been offered, then keep looking. You will eventually find someone who is willing to pay your price.
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