So, you’re looking at how to sell gold?
There’s a plethora of places and companies today that will happily take your gold off your hands, in exchange for cash. The real question is how to find the best Gold Buyers in Australia, and get the best value for your gold in return.
Knowing how to Sell Gold is not a difficult thing to do, but you want to take some time to research and find the best value. Be prepared to shop around, to find out the real value of your gold, and stay away ‘quick cash for gold’ outlets.
The first thing you need to do is work out exactly what type of gold you have on your hands. For most people, they own gold in the form of jewellery, gold coins, or gold bars.
Knowing the ‘strength’ of your gold is the key in understanding it’s value. This is represented in Karats – 24 indicates a near 100% purity, 12 Karats is near 50% pure, while most retail jewellery in Australia is 9 karat (37.5%).
Karats are what gold dealers use to value the price of any piece of gold, using the current gold price in Australia. You may want to sell some jewellery, but are unsure of how many ‘karats’ it is. The best bet here is to get your jewellery independantly valued & tested by a jeweller. Better yet, getting a piece of gold jewelry valued at 2 or 3 different shops will give you a better idea of how much your gold is worth. Like we said from the beginning, it pays to shop around before you sell gold!
No matter what kind of gold you’re looking to sell, you can receive a decent price if you find the right buyer. Avoid online sites like ‘cash for gold’ that encourage you to mail in your gold in their ‘free envelope’. They are known to be very stingy with their payouts, and once you’ve sent off your gold to them, you really don’t have a choice in accepting the price. Look for local Gold Traders, Jewellers, and / or other people who are experts in the rare metal’s business.
A quick ring around to your local outlets should give you a good bearing on where to start your quest to sell gold.
