Want to Try to Sell Gold Online? - Finance

Want To Try to Sell Gold Online?

Nowadays, it is possible to sell gold online but this has more risk than when you do business with a gold dealer face to face. For one thing, if you sell gold online they may ask you to send in the gold piece via courier this does not give you a guarantee that you will get your gold piece back if the deal falls through. It is also hard to know if the website you are dealing with will give you the right appraisal for your gold piece.

Basically, you need to have a pretty good idea of the value of your gold piece if you sell gold online. This means you know the scrap value, the melt value, and the retail value. It is thus recommended that you try getting appraisals from different gold dealers face to face before you attempt to sell gold online.

A good website to do business with online to will give you the current prices for gold, depending on the carat value and weight of the gold piece. Carat values are 9 carat, 14 carat, 18 carat, 21 carat, 22 carat, and 24 carat. If you do decide to do business with that website, make sure your shipment to them will be insured in case of theft or loss. If there is no such guarantee, you will be taking a huge risk with your prized pieces.

Some websites offer a calculator function on their website this allows you to compute for the value of your piece based on the prices they have posted on the site. Sell Gold Online

One good way to find a website that you can sell gold to is to rely on referrals. You can ask around your circles if anyone has been able to successfully sell their items to the website. You might also look through blogsites and forums if they can recommend any particular site. This cuts down on the risk though there is still some danger when you sell gold online that you could be cheated.

If you are trying to sell jewelry that has gemstones and other precious metals, be cautious about selling them online. For instance, the gemstones on your gold jewelry can be easily removed and substituted with fakes or gems that have less value then if the gold jewelry is sent back to you, the dealer can claim the fakes are originals or were part of your gold jewelry all the time. You should also check if the precious metals in your jewelry can fetch a higher value than when you sell gold online alone. If you are not confident about the honesty of the online site, then you may get a more reliable deal from a face to face transaction.

Another word of caution: your jewelry might be gold plated rather than made of real gold. This of course will have an effect on the appraisal of your pieces so it might be prudent to have your jewelry tested first before you try to sell them online. Also, be weary of places that offer "FREE SHIPPING BOXES".....most online sites give you very low pricing for your gold due to the high amount of free boxes they send out.

A very reputable site to sell gold online and sell gold for cash is Silver & Gold Expressions. They have very high payouts, an online payout calculator and a friendly staff. They are very knowledgeable and can help you through the process to sell scrap gold, silver or jewelry through the mail or in person.

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