Selling Gold is the Smart Way to Earn Cash Quickly

Many people wonder where to sell gold to get the highest price for old gold jewelry. Choose your buyer carefully, because countless "we buy gold" businesses have sprung up in the past couple of years trying to cash in on a strong gold market and naïve gold sellers. At GoldFellow we buy gold jewelry and have been doing so for over 30 years, helping people like you earn cash quickly and safely.

First Steps When Selling Gold

Of course the first step when selling gold is gathering up the gold jewelry you're interested in selling. The higher the karat number, the more a particular piece is worth. In other words, if you have two similar size and weight gold chains, the 18 karat gold chain will be worth more than the 14 karat gold chain. Be certain you are comfortable with getting rid of the jewelry you choose to sell.
        
When Selling Through Mail, Insurance Is Critical

One of the most important things you should learn about a buyer when determining where to sell gold jewelry is their shipping and insurance policy. They should promise to insure your return shipment if you reject their offer, and they should insist that you insure the items you send to them. This protects both you and the buyer

Learn Buyer's Policy on Dealing with Gemstones

If some of the jewelry you want to sell has gemstones, you should remove any gemstones you want to keep. Some buyers will remove and return gemstones, but not all will. Buyers generally aren't interested in any stones except for diamonds of at least a quarter carat in size. If you don't remove gemstones or arrange for their return, you'll be giving them up.

There's No Substitute for Experience in a Gold Buyer

Experience is critical in a gold buyer. Gold buyers don't stay in business long if they constantly cheat customers. Learn as much as you can about your buyer before shipping off any gold jewelry you want to sell. At GoldFellow we have been buying gold for over 30 years. Let our experience help you earn cash quickly from your unwanted gold jewelry.

Could You Have Wealth that Lies Forgotten in Your Home?

Times are tough for a lot of working people, and many of them are earning cash for gold by selling gold jewelry they no longer want. Those who sell gold can bring in cash that they can use for catching up on bills or making a long awaited purchase. Have you thought about selling gold to raise cash quickly and efficiently? At GoldFellow, we have a reputation for honest gold buying based on over 30 years' experience.

Maybe That Jewelry Looked Good at One Time

Sure, that chunky gold necklace looked good in the 80s when it was all about big hair and conspicuous consumption, but today it may not work with your lifestyle. Some of that gold jewelry from years past is heavy enough and of high enough quality that it could earn you some cash you could actually use.

Why Not Benefit from the Leftovers of the Past?

Are you really going to wear those earrings your ex bought you 20 years ago? Is that heavy gold ID bracelet you rocked in the 70s ever going to come back into style? Sometimes it's time to move on, and if you have old gold jewelry and bills piling up, maybe it's time to move forward by selling gold that's just gathering dust.

What Gold Jewelry Fetches the Best Price?

More valuable gold jewelry has a higher karat number. In other words, 18K gold is worth more than the equivalent amount of 14K gold. As for gemstones, most gold buyers will only buy diamonds of one-quarter carat size or greater. Some gold buyers will remove and return gemstones upon request, but some won't. You'll get the most cash for gold that's 18K or higher, heavy, and without gemstones.

How to Choose a Gold Buyer

When you want to sell gold, find a buyer that has been in business a long time. Numerous gold buying businesses have popped up recently, and not all of them are honest. Make sure they have stringent shipping and insurance requirements and never send gold through the mail without insurance. At GoldFellow, we've been buying gold for decades, and we can help you earn cash quickly.

Can Selling Gold Help with Your Cash Flow Problem?

Sure, the news may say that the economy is recovering, but that doesn't help much when you're struggling to pay bills. If you have ever thought, "Maybe selling my gold could help," you're correct. Those orphaned gold earrings and knotted gold chains that you have no hope of untangling could bring you a much needed cash infusion. At GoldFellow, we buy gold and have been doing so for decades, earning the trust of those with gold to sell.

Gold That Will Fetch the Best Price

Gold is priced by weight. The higher the "karat" number of your gold, the more it is worth. Large gold pieces of 18 or 21 karat will bring in the most, but lighter pieces can still give you a decent return. When selling gold, look for heavier pieces that you're sure you won't wear. If karat is not specified, you can have jewelry tested.

Diamonds and Other Gemstones

Most gold buyers won't buy any gemstones except diamonds of 1/4 carat or larger. If you want to keep gemstones when selling gold, remove them yourself or look for a buyer who will remove them for you. Ask up front how much they charge for removing and returning gemstones.

Research Gold Buyers Thoroughly

As soon as you start thinking, "Selling my gold is a good way for me to earn money," start researching gold buyers. Check out how long they have been in business. Many gold buyers have sprung up in recent years as gold prices have gone up, and some of them are less than honest with customers. Know in advance what you have to do if you reject a buyer's offer.

Clean Out Your Jewelry Box and Earn Cash

If you're wary of paying bills with credit cards, then selling unwanted gold can help you earn cash. That broken gold bangle or hopelessly unfashionable chunky gold chain could be put to better use: helping your cash flow situation. Evaluate buyers thoroughly and make sure you understand shipping and insurance options before selling. At GoldFellow, we've been buying gold for over 30 years, and we want to help you by being your trusted gold buyer.

How to Sell Gold Jewelry

Are you wondering how to sell gold jewelry for the best price? You could go to a local pawn shop, but you never know exactly what you’re going to get. After all, pawn shops aren’t really in the business of buying gold – they lend money based on how much your gold jewelry is worth on the market and how much they could make if they sold the piece. You could be offered far less than the gold in your rings and chains is actually worth, especially if it’s an outdated style. If you want to sell your gold for a good price, here’s what you look for in a gold buyer.

Transparency

A lot of gold buyer websites talk a big line about giving you the best price for your gold jewelry – but they don’t tell you how they decide how much to offer you for your gold chains, rings and cons. If you’re going to do business with a gold buyer, you want to know how they price gold: what index do they use for pricing, how much of a cut do they take for their work as middleman, etc. If the company doesn’t provide you with that level of transparency, look for a gold buyer that does.

Protection

When you sell your gold jewelry, you’re sending off valuable items off to a stranger, sight unseen. It’s important to know that you can trust the gold buyer you’re doing business with. One way to be more comfortable with the whole process is to consider what kinds of protection the company provides. At Goldfellow.com, for example, we insure all FedEx packages shipped to us for $1,000, for your peace of mind.

Convenience

Some gold buying companies put you through hoops when you want to sell your gold to them. Others make it easy on you by sending you a postage-paid, pre-insured envelope in which to return your gold items. And if you decide not to accept the offer they make, the better gold buying companies will return your items at no expense to you.

For more information about how to sell gold jewelry, coins and other precious metals, we provide more informative articles about selling gold, buying gold and how gold is priced and sold on our website. The more you know, the more likely it is that you’ll get the best price possible.

What to Know Before You Sell Gold Chains

With the price of gold at all-time highs – and the economy still limping along at record lows – it’s not surprising that many people are choosing to sell gold chains and rings to pay their bills or buy things they want. There are many places you can sell gold rings, chains and other jewelry, but some of them are better than others. If you’re considering selling gold for cash, these are a few things you should know before you make a commitment.

Gold Is Sold By Weight

The price you’ll be offered for your gold chains and jewelry will depend upon two main factors – the purity and the weight of the metal. At Goldfellow.com, we weigh all items on tape so that you can see the exact weight and understand how we arrive at the price we offer you.

Gold Buyers Only Pay for Gold and Metals

Most gold buyers will pay you only for the gold or other precious metals in your pieces. If you’re looking to sell gold rings with gemstone, for example, the price they offer won’t include the value of the diamond or other gems set in the ring. Some gold buyers will remove the stones and return them to you at your request. Others warn you to remove any gemstones before sending the gold because they won’t be responsible for their return.

The Gold Market Is Practically Incomprehensible

…and many gold buyers take advantage of that to cheat sellers. There are many different standards that buyers can use to set the price they’re willing to pay for gold jewelry and coins, and while they’re often close in their valuation, the little variations can make a difference in the amount you get for your gold. Don’t trust any gold buyer who doesn’t explain on their website exactly what index they use to price gold, and how they derive their offer price.

If you’re planning to sell gold chains or rings, it’s important that you trust the company that’s buying. Look for price lists, customer testimonials and transparency in handling that makes you comfortable trusting a company to treat you honestly before you send your gold. It’s the best way to make sure that you receive full value for your gold valuables.

Get Cash for Gold Coins from Someone You Trust

With the price of gold still reaching all-time highs, many people are considering trading in their gold coin collections for ready cash. There are certainly plenty of websites online where you can get cash for gold coins and gold jewelry – but can you trust them? At Goldfellow.com, we’ve been buying and selling gold for more than 30 years, and have built up a strong reputation as gold buyers you can trust. If you’re thinking of selling gold coins, consider this information carefully when choosing the best gold buyer with whom to work.

Length of Time in Business

When gold prices spike, you’ll see an influx of gold buyers in the business, looking to make a quick buck on other people’s bad luck. These fly-by-night gold dealers may promise you cash for gold coins and jewelry, but a lot of them are little more than post office boxes where your gold coins will disappear, never to be seen again. When you’re thinking of selling gold coins, look for a company that has a history in the gold buying business. The longer they’ve been around, the less likely it is that they’ll cheat you. People don’t do business with businesses that don’t deliver.

Highest Cash Prices

Many gold buyers promise you that they pay the highest price for your gold pieces and gold coins, but how would you possibly know? At Goldfellow.com, we offer a transparent pricing model – we tell you exactly how we determine the price we’ll offer you so you can check it out for yourself. And over the years, we’ve built a reputation for paying the highest prices for gold coins and jewelry.

Excellent Reputation

Don’t take chances with your precious gold coin collection. Shop around for a gold buyer that has an established reputation for honesty that you can trust. Goldfellow.com, for example, has an A+ rating with the Better Business Bureau because we put customer service and trust first.

It’s a big decision to part with your gold coins, especially if you’ve been collecting them for many years. At Goldfellow.com, we understand how important trust is when you’re trading your gold coins for cash. That’s why we offer the most transparent gold-buying model we could devise. Before you sell your gold coins, read about our pricing and the promises we offer to all of our customers.

We Buy Gold – How Much Is Your Old Gold Worth?

You’ve seen the ads online: We Buy Gold! With the price for an ounce of gold hovering in the neighborhood of $1,800, you may be tempted to pull out your old high school ring and the bangle bracelet you don’t ever wear and cash in on the high prices. Before you do, we think you should know a few things about how the “we buy gold” companies determine prices and how much your old gold jewelry and coins are worth.

How Much Is Your Gold Worth?

The value of gold fluctuates day to day and even from one hour to the next. That’s why no gold buyer will advertise a set price for an ounce of gold. The most reputable gold buyers will tell you how they determine the price they offer you though. We at GoldSeller, one of the most trusted online gold buyers, tell sellers that they base their price on the price of gold as quoted by the London afternoon fixing on the day of settlement. Unless you’re a gold investor, that may sound like so much gobbledygook to you. The London afternoon fix is the most widely quoted and most familiar spot gold price in the world, and is set daily at about 9 A.M. Eastern Standard time. It represents the most current price for gold on any given day. When you do business with a “we buy gold” buyer, it’s important to know where they base the price they’ll pay for an ounce of gold. If the website doesn’t tell you, come on over to ours.

Of course, the gold spot price isn’t the amount the gold buyer will offer you for an ounce of gold jewelry. That’s the going price for an ounce of pure gold. The price you’ll get will be modified by the purity of the gold in the items and a handling fee that goes to the dealer. The higher the karat designation of the gold jewelry, the more we'll offer you for your items.

When deciding where to sell your gold items, choose a we buy gold dealer with an excellent reputation for honesty and a long history in the gold exchange business. At GoldSeller, we've been in the gold exchange business for more than 30 years and carry a high rating from the Better Business Bureau. If you decide to sell your old gold jewelry or coins, be sure to do business with a reputable buyer like us.

Packaging Tips for Selling Gold Online

Online gold buyers often offer the best prices you’ll get for your gold jewelry or gold coins. Businesses like GoldFellow, a well-known and trusted leader in gold buying, pay top cash for old gold jewelry. When selling gold to online gold buyers, you’ll have to ship your items to the company. Proper packaging and insurance are an important part of selling gold online for your own protection. These tips will help you package and send your gold safely when dealing with online gold buyers.

Know the Terms and Conditions

Always read the terms and conditions before you send your gold off to be weighed and valued. A reputable gold buyer will tell you how long it will take them to make you an offer, how long you have to accept it and how long it will be before you get your check. Some, like GoldFellow, offer instant payment options like wire transfers and Paypal eChecks. Others will only send you a paper check.

Photograph Your Items Before Sending Them

Accurate records are important for many reasons, including your own tax records. Make a list of the items you’re sending and photograph them before you pack them up.

Insure Your Items

Unless the company provides you with an insured shipping envelope, make sure you send your items via an insured method. Some companies, like GoldFellow, will send you a shipping envelope and pay the cost of insurance so you don’t have to.

Look for Transparency in Pricing

Most cash for gold buyers make a big secret of how they determine the price they offer you. The more trustworthy ones have a transparent pricing policy. GoldFellow, for example, states on its website that gold prices are based on the price of gold as quoted by London on the day of settlement.

You should also look for transparency in the company’s other dealings with you as well. If the company ships via FedEx, for example, will they provide you with a tracking number so you can follow your package? Do they record the delivery and weighing of your items? Are they accredited by the Better Business Bureau?

When you’re selling gold online, it’s important to protect yourself from scam artists and fraudsters. Following these tips can help you track your gold shipment and ensure that you are dealing with an honest online buyer.

Cash for Gold Tips to Most for Your Old Jewelry

While the price of gold is no longer rising as astronomically as it was a few years ago, your old gold jewelry is still worth a pretty penny. The cash for gold business is still going strong, and most people will get more money when they sell gold jewelry for scrap than they’ll get at a pawn shop. If you’re considering selling your old gold jewelry for cash, these tips can help you get the best price for your gold and precious metals.

Know the Price for Gold

Keep up on the price for gold – you can bet the cash for gold places do, after all. Know the going price for gold on the day you sell gold jewelry so you can evaluate whether you’re being offered a fair price.

Know What You’re Selling

Before you ship off your gold coins or jewelry to an online cash for gold dealer, make sure you know exactly what you’re selling and what the dealer will accept. You can expect to be offered more for 22-karat gold jewelry than you will for 18 karat gold, for example, and most dealers won’t accept any pieces that are less than 14 karat.

Remove Precious Stones

If you’re selling to a cash for gold dealer, they’ll have no interest in the gems or stones in your jewelry, and with few exceptions, they won’t pay you for them. Others, like we at GoldFellow, will buy some gemstones – we buy diamonds larger than 1/4 carat. We'll also remove other precious gems from that are set with prongs and return them to you for a small shipping fee.

Weigh Your Gold Pieces

Cash for gold dealers will evaluate your gold jewelry or coins based on their weight. The best way to establish whether you’re being offered a fair price is to weigh your pieces before you send them.

Deal with Honest Brokers

The current economic climate has brought a lot of scam artists into the market. The Better Business Bureau reports that they receive more than 500 complaints a year about cash for gold businesses. Before you send off your precious metals, check the reputation of the company you’re dealing with. At GoldFellow, we have been in business for years and have a well-established reputation that you can trust.