Should You Sell Gold to Make Extra Cash?

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Should You Sell Gold to Make Extra Cash?

Posted On : Jun-05-2009 | seen (925) times | Article Word Count : 624 |

Many people are interested in how to sell gold to make some extra money today because the price of gold is near an all-time high. The question is whether the gold you have is worth selling and how you go about it to get the most for your money.

If you have several pieces of gold that you no longer want, this is one of the best times in recent history to sell gold as scrap. Prices on gold are quite high so many people are turning their gold into cash during these uncertain economic times. It’s the one precious metal that always retains value and is traded on the world market with ease.

Different Types of Gold You Can Sell

You may be surprised at the variety of ways you can sell gold for a profit. If you have lots of older pieces of jewelry, these can be sold for their “scrap value,” which means a buyer will melt it down to be converted into ingots, coins or new jewelry. When you sell your gold for scrap, you’ll receive a set price per ounce for the gold you turn in.

When you sell gold jewelry, you can get a nice return on the items, particularly if the pieces are out of style or need repairs. Repairing older jewelry items can be costly, and vintage pieces often appeal to only a very small group of people. Rather than spending the time and money to repair broken piece just sell the scrap jewelry for cash. In addition to gold, you can sell any loose stones such as diamonds, rubies or sapphires as loose stones as well.

Many people who have older, gold fillings replaced in their teeth even save the fillings to resell as scrap. In fact, you can get a substantial amount for these otherwise worthless pieces of gold.

You may also have gold coins from around the world. It’s best to sell these intact if you can. The Kruggerand, a South African gold coin, is one of the most popular ways to buy and sell gold today. They are precisely sized and easy to move from one location to another, making them popular with collectors both as an investment and for their beauty.

Of course, you can’t spend a gold coin in a store, so if you have several of them, you can sell them either through a coin trader, a gold broker or even online with an auction house. You’ll get cash in your pocket and the buyer gets an exquisite coin for his or her collection.

Sell Gold to a Reputable Company

Keep in mind when you sell gold that you should look for a reputable, established company that will give you the best value for your gold. You can talk to other people who have sold gold themselves or a coin and collectables dealer to find recommendations. If this isn’t possible, check online for gold buyers, then check reviews and see whether they offer mailing services, price quotes and other features designed to protect your gold until you are paid for it.

If you decide you want to sell your gold for cash, you may also want to raid your jewelry box for silver and platinum as well. Most companies that purchase gold are also glad to pay you for sterling silver and platinum as well. Within just a few days, you can have cash for anything you need, so taking the opportunity to sell gold at the current high price is a sound financial decision for anyone.

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<h1>Should You Sell Gold to Make Extra Cash?</h1> Author: <a href='http://www.articleseen.com/profile_Christopher Alex.aspx'>Christopher Alex</a> Many people are interested in how to sell gold to make some extra money today because the price of gold is near an all-time high. The question is whether the gold you have is worth selling and how you go about it to get the most for your money.

If you have several pieces of gold that you no longer want, this is one of the best times in recent history to sell gold as scrap. Prices on gold are quite high so many people are turning their gold into cash during these uncertain economic times. It’s the one precious metal that always retains value and is traded on the world market with ease.

Different Types of Gold You Can Sell

You may be surprised at the variety of ways you can sell gold for a profit.  If you have lots of older pieces of jewelry, these can be sold for their “scrap value,” which means a buyer will melt it down to be converted into ingots, coins or new jewelry.  When you sell your gold for scrap, you’ll receive a set price per ounce for the gold you turn in.

When you sell gold jewelry, you can get a nice return on the items, particularly if the pieces are out of style or need repairs.  Repairing older jewelry items can be costly, and vintage pieces often appeal to only a very small group of people.  Rather than spending the time and money to repair broken piece just sell the scrap jewelry for cash.  In addition to gold, you can sell any loose stones such as diamonds, rubies or sapphires as loose stones as well.

Many people who have older, gold fillings replaced in their teeth even save the fillings to resell as scrap.  In fact, you can get a substantial amount for these otherwise worthless pieces of gold.

You may also have gold coins from around the world.  It’s best to sell these intact if you can.  The Kruggerand, a South African gold coin, is one of the most popular ways to buy and sell gold today.  They are precisely sized and easy to move from one location to another, making them popular with collectors both as an investment and for their beauty.

Of course, you can’t spend a gold coin in a store, so if you have several of them, you can sell them either through a coin trader, a gold broker or even online with an auction house.  You’ll get cash in your pocket and the buyer gets an exquisite coin for his or her collection.

Sell Gold to a Reputable Company

Keep in mind when you sell gold that you should look for a reputable, established company that will give you the best value for your gold.  You can talk to other people who have sold gold themselves or a coin and collectables dealer to find recommendations.  If this isn’t possible, check online for gold buyers, then check reviews and see whether they offer mailing services, price quotes and other features designed to protect your gold until you are paid for it.

If you decide you want to sell your gold for cash, you may also want to raid your jewelry box for silver and platinum as well. Most companies that purchase gold are also glad to pay you for sterling silver and platinum as well. Within just a few days, you can have cash for anything you need, so taking the opportunity to sell gold at the current high price is a sound financial decision for anyone.
About the Author: About the Author: 
The author of this article is an expert in selling gold. He has helped many people out there to <a rel="nofollow" href="http://www.empiregoldbuyers.com/how-to-sell-gold.asp">sell Gold</a> for higher margin of profits. He has also written many articles that will provide excellent tips to <a rel="nofollow" href="http://www.empiregoldbuyers.com/sell-gold.asp">sell gold jewelry</a> anywhere in this planet. For more information, visit his website http://www.empiregoldbuyers.com/
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About the Author:

The author of this article is an expert in selling gold. He has helped many people out there to sell Gold for higher margin of profits. He has also written many articles that will provide excellent tips to sell gold jewelry anywhere in this planet. For more information, visit his website http://www.empiregoldbuyers.com/

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