Whether it’s a wedding band from a previous marriage that you don’t want to wear any longer, gold jewelry that has been sitting unworn in your jewelry box for some time, or any other type of gold, you can fetch a decent amount of money from selling it. Selling your unwanted gold items is easier than ever with a wide range of options to choose from, including selling to pawnbrokers, jewelers, online, or privately.
Where is the Best Place to Sell Your Gold?
You have a few options here:
- 1iPawn.com (estimated 50% on current value)
- 2CashforgoldUSA (estimated 30%-45% on current value)
- 3Local pawn shops/jewelers (estimated 10%-15% on current value)
iPawn.com - What is it & how does it work?
iPawn have created an online platform to make it easy for you to sell your gold and get a high return for it. iPawn does not need to rent a property in the middle of a city so it can offer a more competitive rate than your traditional pawn shop. The have been around since 2014 and racked up a trusted reputation online. Any research we done had decent - good reviews, very little negativity:
How does it work?
There are three steps involved:
- Fill out the form on their website and describe what you want to sell
- They will organize a free and insured FedEx pick up from your home.
- Get paid straight to your bank account or PayPal.
iPawns excellent reputation + fair valuation + hassle free process makes it our number 1 pick.
CashForGoldUSA - What is it & how does it work?
CashForGoldUSA is very similar to ipawn except they will accept diamonds, watches and other pieces of jewlery too. It is the ideal choice for anybody who wants to make quick cash from selling gold as they offer a quick and easy evaluation process and typically pay out for your gold within a 24-hour timeframe.
And, CashForGoldUSA often offers higher prices for gold compared to your other options, such as selling to a pawn shop. Since it was founded in 2004, CashforGoldUSA has paid out a huge $52 million to sellers, and an investigation carried out by Fox Business News found that they pay around three times more than you would expect to receive from their main competitors. They offer the highest price guaranteed for any gold items including jewelry, coins, diamonds, and even gold dental scrap items.
To make money from your gold items with CashforGoldUSA, all you need to do is request a Secure SafePak from their website, which will be sent to you pre-printed with your information and return postage - all you need to do is secure the gold in the SafePak and send it from your Post Office or arrange for USPS or FedEx to collect it from your door. Your gold is insured in the mail for up to $100,000 by Lloyds of London. Ship your gold or other jewelry within seven days of receiving the SafePak, and you’ll enjoy a 10% bonus.
Selling Online Vs. a Pawn Shop
Pawnshops tend to be a popular choice for anybody who wants to sell gold quickly, and they come with their own set of advantages and disadvantages. Selling to a pawn shop usually means that you can receive money for your gold in cash right away, but on the downside, you tend to get the lowest possible price for your gold at pawn shops, since they are looking to make the highest possible profit.
Selling your gold online at CashforGoldUSA may require a little more work than walking into a pawn shop and getting a valuation there and then, but the extra steps are certainly worth it. Selling online typically means that you will receive more for your items, and with CashforGoldUSA paying out triple the amount you’d expect to get from a pawn shop, customers agree that waiting just twenty-four hours for your quote is worthwhile.
Online Gold Selling Options
No.1 pick for selling gold
Simple 3 step process
Free & insured pick up
Bank or PayPal payment options
No.2 pick for selling gold
Operates in USA & Canada
Insurance up to $100k
Accepts diamonds,watches and other jewlery
How Online Selling Works
CashforGoldUSA offers a quick and easy process for selling your gold, diamonds, and coins online. Start by making a request on their website and wait for your SafePak to be sent out. The pack will come with a pre-printed return sticker; all you need to do is place this over your own address before sending the pack back. Your details will already be recorded on the SafePak and there is no need to fill in any paperwork; just make sure that your gold items inside are secured.
You can then choose to either send the SafePak back to CashforGoldUSA via the US Postal Service or arrange for a courier to collect it from your home. Either way, you will be insured for up to $100,000. If you are selling a lot of gold items and believe that their combined value is more than this, it is advisable to send them in multiple SafePaks or get additional insurance to ensure that the true value of the items is covered.
Once you have sent your SafePak to CashforGoldUSA, all you need to do is sit back and wait for them to send your quote. Typically, quotes are made within 24 hours of CashforGoldUSA receiving the SafePak. If there is any reason why your quote or payment may take longer than this, CashforGoldUSA will contact you and keep you up to date.
Here’s a step-by-step guide to the process:
- Fill out the online form at CashforGoldUSA to request USPS or FedEx shipping.
- Wait for your SafePak to arrive in the mail.
- Once you’ve received the SafePak, package up your gold and use the provided label to ship it.
- You will receive a quote from CashforGoldUSA within 24 hours of receiving your items.
- If you’re satisfied with the offer, just accept it and you’ll be paid shortly. If you are not satisfied with the offer, you can simply reject it and have your items resent to you free of charge.
How Do I Find Places Near Me to Sell Gold?
Most people can find somewhere nearby where they can sell unwanted gold items. Some common options are pawn shops and jewelers which you can usually find in local town centers and shopping malls. A quick Google search for pawn shops or jewelers near you should bring up your local options. Bear in mind that these selling options do not always provide you with the best price for your gold, so it’s a good idea to get a few different valuations first. And, double-check them against the valuation given by CashforGoldUSA to check whether you could be earning much more for your gold by selling online.
You might also want to consider other online selling options like eBay, Craigslist, or Facebook Marketplace where you can sell gold privately. However, doing this can often take more time and it may not always be the best option for certain gold items. Rare coins and valuable jewelry items are more likely to sell well in this way, but it’s not the best choice if you want quick cash.
How Much Is My Gold Worth?
If you have gold that you want to sell, then you are in luck - gold is currently one of the most expensive commodities worldwide. Whatever gold items you want to sell, you are probably wondering what its current worth is. The exact amount that you could get for your gold depends on several factors, including what karat your gold is and how much it weighs. The higher the karat and the weight, the more you’ll get for your gold. And, scrap gold is valued in exactly the same way as intact gold items are, so there’s no need to worry if your gold is not in the best condition, or if you have a broken gold jewelry item that would not sell for much privately. You can get a quick and easy valuation of your gold items at the CashforGoldUSA website - just enter the karat and weight.
Did you know that you may have gold pieces in your home that are worth a lot more than you think? The following gold items could fetch you a lot of money through CashforGoldUSA:
Broken Gold: Broken gold jewelry or even parts of gold jewelry that have broken off from larger pieces might not seem all that valuable on their own. You probably wouldn’t get very far selling them privately or even to a pawn shop, since they can no longer be worn. But CashforGoldUSA is only interested in the gold value and will pay based on the karat and weight rather than the condition the item is in. Broken gold bracelets, necklaces, rings, watch bands, and chains can all fetch you more than you might realize.
Scrap Gold: Similar to broken gold, any gold scraps that you no longer have any use for might be able to fetch you more cash than you thought. Broken gold accessories, ornaments, and even dental scrap like old gold crowns you have had replaced with something more natural-looking can be sold as scrap as the gold can be melted down and recycled.
Gold Coins: While coins are less commonly found compared to accessories and jewelry, some people may own gold coins that they have collected or inherited.
Test Your Gold
If your gold item does not have a karat marking or you are unsure whether or not it is made from real gold or simply gold-plated, you can conduct a few simple tests at home to help you get a better idea.
Magnet Test: Gold is not magnetic, so holding a magnet close to it should help you figure out whether an item is gold or gold-plated. If your item is attracted to the magnet, it is likely to be gold-plated or has significant impurities, which means it’s likely to have a low karat value.
Porcelain Test: Take your item and rub it against a piece of unglazed porcelain. Real gold will leave a gold-colored streak on the porcelain. On the other hand, if you see a black streak, the item is made from pyrite rather than real gold.
Home Tests: You can also order home testing kits to help you get a more accurate idea of how pure your gold items really are. You can purchase these online or at certain stores.
If you’ve conducted the above tests and are still unsure about your gold items and how much they are worth, the best thing to do is have it assessed by a professional who will use the appropriate equipment to learn more about your gold item. Remember that you can have your items returned for free from CashforGoldUSA if you do not accept the quote after they assess the item upon receiving it.
Scrap gold, broken gold jewelry, or unwanted gold items could be quite literally gold mines collecting dust in your home. Since gold is valued by karat and weight, even items that would not appeal to private buyers can fetch you a decent price when selling to online gold buyers like CashforGoldUSA. If you need to make some quick cash and have any unwanted gold coins, jewelry, or broken gold items at home, they could be money in your pocket.
Visit CashforGoldUSA to get your free valuation and order a SafePak today.
#1 recommended place to sell Gold
After doing a lot research and reading through the messy online world of reviews I tested selling an old ring of mine through Cash For Gold USA and the process was very smooth, well organized and I was fairly happy with the price I got. So yeah, over all I give them 5 stars. No complaints.