Know the Market Price
Gold prices fluctuate daily based on the market. Check the current spot price of gold before selling.
Understand Your Gold’s Value
- Karat Purity: Higher karat gold (e.g., 24K, 18K) is worth more than lower karats (e.g., 10K, 14K).
- Weight Matters: Gold is usually measured in grams or pennyweights (1 pennyweight = 1.555 grams).
- Separate Your Gold: Sort by karat to ensure accurate pricing.
Choose the Right Buyer
- Local Jewelry Stores & Pawn Shops: Quick sale but often lower offers.
- Gold Buyers (Like Cash 4 Your Gold USA): Specialized buyers often offer higher payouts.
- Online Mail-In Services: Ensure they have a good reputation, secure shipping, and a return policy if you’re not satisfied with the offer.
Avoid Common Pitfalls
- Don’t accept the first offer—from your local pawn shop and your jewelry.
- Be cautious of hidden fees or low-ball offers.
- Beware of “pop-up” gold-buying events, which may offer lower payouts.
If you’re selling to Cash 4 Your Gold USA, you benefit from a free mail-in service and a guarantee that your gold will be shipped back free of charge if you’re not satisfied with the appraisal.
