Gold has held its value over thousands of years and will always be a safe way of storing wealth. Gold is liquid, in that it can be sold easily and turned into fiat money (cash). If you are looking to sell gold then you have just found the best online resource for doing so. GoldPrices.org.uk is an information only website and we do our absolute best to give you an objective and unbiased look at how to sell gold.
If you’re looking for information on how to sell scrap gold then please follow the link.
Why Should you Sell your Scrap Gold?
Following the recession, gold prices have risen to very high levels and are unlikely to keep rising. This high price of gold means that whatever scrap gold you have lying around is now worth more than you might have thought, and window for selling may be a small one! Selling scrap gold is a really quick way to free up some cash. If you have little need for bits of gold (whether that’s a gold watch, gold earrings or a gold necklace) then you should really thinking about the putting your scrap gold up for sale. While we do recommend the best ways to sell scrap gold, we cannot provide any guarantees and the sale of scrap gold must be done at your own risk.
How to Sell Scrap Gold
There are a number of ways that you can sell scrap gold, some are more lucrative than others; some are more convenient than others; and some are more risky than others. Here are the best and worst options for selling scrap gold (we’ll start with the worst!)
The Worst Options for Selling Gold
- The little unknown cash for gold dealer
- Popping to the nearest Jewellers
‘Cash for gold’ websites have received a lot of criticism in the past. You are best avoiding any offers for your scrap gold that aren’t from an established and recognised company. Using untrustworthy websites may result in a false and underestimated weight and carat of your scrap gold; in more serious cases you may even lose your scrap gold.
When it comes to getting the most for your money when selling scrap gold, going to the jewellers is possibly the worst option. In most cases you’ll be quoted a price that is far below its market value; this is because the jewellers need to minimise their risk as selling scrap gold as jewellery to other customers can be difficult. Most purchases of scrap gold are made with the intention of melting the scrap metal into a purer form of gold that can then be recycled.
The Best Options for Selling Gold
- Reputable online ‘cash for gold’ websites
- eBay Gold
This is a great place to start. In our cash for gold reviews we look at what we consider to be the most reliable dealer – postgoldforcash.com. Using the internet to sell scrap gold is the most convenient and most lucrative way to sell your scrap precious metal!
If you believe your scrap gold has more value than simply the gold contained within it then eBay is a good place to sell your scrap gold. Unlike going to a Jewellers, eBay will allow you to receive a closer to market price for your scrap gold as bidders compete for the item. You can list your item on eBay here and if the price isn’t what you were looking for then you don’t have to sell!