The market value of gold is still booming. If you have a bunch of old gold jewelry lying around the house that is taking up space, selling it is a great way to make money while de-cluttering. Knowing where to sell gold jewelry is the first step to selling your gold. There are a variety of places that buy gold where you can sell gold jewelry, but not all are equal in terms of the prices they’ll offer you when you sell your gold.
Many people think it’s a good option to sell gold online. However, there are many more risks you take when you sell gold online rather than selling to a reputable gold buyer at a physical storefront location.
Here are the top three reasons why you shouldn’t sell gold online:
1. Limited opportunity to compare price estimates: When you shop your gold around to different buyers, you’re able to compare each buyer’s estimate with another and ultimately sell to the best offer. If you sell gold online, you won’t have this opportunity to compare offers and make the most money from your gold.
2. You’re less likely to get the best offer for your gold’s melt value: When you sell gold online, the buyers have no way to check your gold’s karats or melt value, meaning their price estimate might be skewed. You have no idea of knowing whether you’re getting the most accurate amount when you sell gold online.
3. You might not see your gold, or a check, ever again: Each year, the Better Business Bureau receives hundreds of complaints from people who have mailed their gold to an online buyer, only to never receive a check or their gold in return. You can prevent this from happening to you by selling your gold to a buyer with a physical location instead of choosing to sell gold online. Find more.