7 Best Places Where To Sell Gold For Fast Cash Today

Whether you’ve inherited some valuable gold items like rare coins or simply have gold jewelry you no longer wear, selling it can be a great way to get some extra cash.

Deciding to sell gold can be a big step, and you might wonder where to start.

There are various options available to you for selling gold, such as online dealers like Worthy, local jewelers, and pawn shops.

Researching and comparing different options will help make sure you’re getting the best value for your gold.

In this blog post, we’ll provide you with useful information on where you can sell gold and how to make the most of this process.

So get ready to learn and take that first step towards turning your gold into cash.

Quick Picks

Selling gold pieces is an excellent way to earn some extra money, but knowing your options and researching potential buyers is essential.

Here are the top picks for selling gold online:

Best To Sell Gold Jewelry & More – Worthy
Largest Selling Site – CashforGoldUSA
Best For Selling Directly – eBay

7 Best Places Where To Sell Gold

You may have inherited some gold trinkets like gold coins, gold bullion, gold jewelry you don’t use, or earrings that don’t match your current style.

It could also be possible that you need some extra cash. If you have some unused gold, selling it can be a great way to make extra money.

Let’s look at these seven places to sell gold and make money.

1. Worthy

Worthy Summary

Worthy uses an auction platform to sell gold bullion, gold jewelry, and gold bars.
They specialize in high-end items.
You can get paid within 24 hours after accepting their offer.

Worthy is an online auction platform that allows you to sell gold online.

They accept jewelry, watches, and other luxury goods. They specialize in high-end items and offer a secure and transparent selling process. 

Selling gold jewelry to Worthy is a simple process. Simply submit photos and a description of your item, and they’ll provide you with an estimated value.

If you choose to sell, they’ll list your item on their site, where thousands of potential buyers can bid on it. You’ll receive the final sale price minus fees (Worhty commission rate) and shipping costs.

Their customer service is top-notch, and they’ve earned an A- rating from the Better Business Bureau.

2. CashforGoldUSA

CashforGoldUSA Summary

It’s one of the largest and most established gold buyers in the U.S.
CashforGoldUSA offers a 100% satisfaction guarantee.
Payment is sent via check or PayPal deposit.

CashforGoldUSA is one of the largest and most established gold buyers in the United States. They offer fast turnaround times and competitive prices for gold jewelry, gold coins, and other items. 

The process is simple: request a free kit from their website, including a prepaid shipping label and instructions on how to safely package and mail your gold. 

Once they receive your items, they’ll provide you with an offer within 24 hours. If you accept, they’ll send payment via check or PayPal.

CashforGoldUSA also guarantees they’ll beat any competitor’s offer, encouraging you to get other offers to get the best deal possible.

3. Sell Your Gold

Sell Your Gold Summary

They specialize in buying gold, silver, platinum, and diamond jewelry. 
Sell Your Gold also buys gold coins and bullion.
They will make an offer within 24 hours of receiving your items.

Sell Your Gold is another highly trusted gold buyer that has been around for over a decade. They specialize in buying gold, silver, platinum, diamond jewelry, coins, and bullion. 

To sell with them, simply fill out their online form and request a free appraisal kit. 

Once you receive the kit in the mail, send your items to Sell Your Gold, and they’ll assess them and make an offer within 24 hours. If you accept, they’ll send payment via check or direct deposit.

They also offer a satisfaction guarantee that ensures you’ll be happy with their offer, or they’ll return your items free of charge.

4. Express Gold Cash

Express Gold Cash Summary

Express Gold Cash provides a kit for shipping your items and covers the shipping costs.
They quickly appraise your items to send you an offer.
Flexible payment options are available.

Many customers have praised Express Gold Cash‘s professionalism, speed, and fair pricing. Their customer service is highly regarded and ready to answer any questions or concerns.

Selling gold on Express Gold Cash is a straightforward process. They provide a kit to send in your gold items and cover the shipping costs.

Once your items are received, they are quickly appraised, and an offer is sent to you.

If you’re satisfied with the offer, you can accept it, and they will process your payment promptly. If not, they will return your items at no cost to you. 

When it comes to receiving your payment, Express Gold Cash offers flexibility. You can choose to receive a check in the mail, or for a faster method, you can opt for a direct deposit into your bank account.

5. eBay

eBay Summary

eBay gives you complete control over the selling process. 
You can set your own prices, negotiate with buyers, and choose who you sell to. 
You may end up getting a higher price for your gold on eBay than with other options.

eBay is an online marketplace where you can sell almost anything, including your gold coins and jewelry.

Selling gold on eBay can take more effort to ensure you’re getting a fair price and avoiding scams.

But you can potentially earn more on your piece since you’re selling directly to buyers and not a resale site.

Before you get started, make sure you know the current market price of gold and see what your piece is worth overall.

You’ll also need to create a listing that stands out, deal with potential buyers who may negotiate or ask questions, ship your items promptly and securely, and wait for the payment to clear.

6. Pawn Shops

Pawn Shop Summary

Pawn shops typically offer immediate cash for your gold items.
The initial offer they give to buy gold may be lower than what you could get elsewhere.
Prices at pawn shops are often negotiable.

Selling gold to a pawn shop can be fast and hassle-free. If you’re in a hurry to sell, you can walk out with cash in hand and get paid same day.

Pawn shops are often willing to buy a wide range of gold items, including scrap gold, like broken or damaged pieces that other buyers may not be interested in.

One drawback is that most pawn shops don’t train employees to estimate precious metals, and you may not get the best price for your gold at pawn shops.

Additionally, some pawn shops have a reputation for offering a lowball gold price, so you’ll want to shop around and get multiple quotes before selling outright.

7. Jewelry Stores

Jewelry Store Summary

They have experienced professionals who can accurately assess the value of your gold.
Some may offer the option to trade in your old gold for new pieces.
Getting quotes from multiple jewelry stores to get the best price for gold is a good idea.

Local stores may be a good option if you prefer to sell your gold in person. Many stores offer cash for gold and will assess your items on the spot.

They may even let you trade gold jewelry pieces for new jewelry if you’re interested in something different. They make it easy to sell your jewelry!

However, it’s important to research and ensure the store you choose is reputable and trustworthy.

Look for reviews online and check their BBB rating before visiting. Additionally, keep in mind that local stores may offer lower prices than online buyers, as they have higher overhead costs.

Tips For Selling Your Gold

See What’s Real Gold

First, you need to make sure what you have is real gold. Not everything that shines is the real deal, you know.

There are a few ways you can check your gold coins, gold jewelry, or even gold bullion.

One is to look for hallmarks – tiny stamps on the gold that tell you its purity. They’re usually found in a discreet place, like the inside of a ring or the clasp of a necklace.

You can also do a simple test yourself using a magnet. Gold is non-magnetic, so if your jewelry sticks to the magnet, it’s not gold.

You can also get your gold tested by a professional. They have special acids and electronic testers that tell if it’s real gold. Places may charge for testing, but it’s worth knowing for sure.

Check Your Quality

Once you know if your jewelry is gold, you need to check the quality of it. The quality is determined by its purity, which is measured in karats.

The purity of gold in the U.S. is measured in karats, and the higher the karat of yellow gold is, the more pure the gold is.

If your pieces have hallmarks, this should tell you the quality. The hallmark will say something like “10K”, “14K”, or “18K,” which tells you the percentage of gold in your item.

Pure gold is 24 karats, but it’s pretty soft, so it’s often mixed with other precious metals to make it more durable for everyday wear.

Research Gold Conversions

Before you’re ready to sell gold, the last piece of the puzzle is understanding gold conversions.

Gold is typically weighed in troy ounces in the United States, but in many other places around the world, it’s weighed in grams.

Knowing how these measurements relate can help you get a clear picture of your gold’s weight and its value.

If you have a piece of gold, like a gold coin that weighs 1 troy ounce, it’s the same as having about 31.1 grams of gold.

FAQs

Where can I get the most money for my gold?

You can sell gold for cash to a pawn shop, a gold buyer, a jewelry store, or even sell gold online to a gold buyer.

Selling gold online is an easy way to sell gold pieces, including gold jewelry, scrap gold, and other precious metals, if you need cash right away.

Online gold buyers like Worthy will offer instant offers with minimal fees, and they even handle shipping costs for you.

Plus, if you are selling gold bullion, it can be safer to sell gold online than walking around with it and going to multiple shops for offers.

Sites like eBay are another great option if you’re willing to wait for the right buyer. You’ll likely earn more money from your gold, plus you’ll pay fewer fees and keep more money in your pocket.

But you’ll need to handle secure shipping and make sure the money comes in- you’ll want to be careful to avoid scammers and losing money and stuff!

How much money can you get for gold?

When selling your gold, you might be wondering how much money you can expect to get. Well, the answer isn’t as straightforward as you might think.

The amount of cash you can get for your gold depends mainly on the gold market.

Firstly, the price of gold isn’t static – gold prices fluctuate daily based on market conditions. The gold spot price could be different each day, much like stock market prices.

So, it’s a good idea to keep an eye on the current gold prices like you would stock market prices before you decide to sell.

Secondly, the specifics of your gold – its weight, purity, and condition – will also affect its value. Heavier pieces and those with higher purity (karats) will fetch a higher price.

To get an estimate for your gold jewelry, coins, etc., use online gold calculators to give you a general idea of their worth.

Should I sell my gold or save it?

Deciding whether to sell gold or save it is a personal decision that depends on your financial situation and goals.

If you’re in a pinch and need cash quickly, selling gold may be a good idea. It’s a quick way to convert a physical asset into cash that you can use right away.

If you need the money rather than stuff hanging around your house, it doesn’t hurt to get that money now for more important things.

However, if you’re thinking about the long term, it might be smarter to hold onto your gold as an investment over time.

Gold is often seen as a ‘safe haven’ asset, meaning its value increases over time. Gold futures act as a hedge against inflation and economic uncertainty.

Moreover, gold bars, jewelry, and other precious metals can diversify your investment portfolio. Having a mix of different types of investments can reduce your financial risk.

So, saving your gold could contribute to your long-term financial stability if you’re not in immediate need of cash.

Ultimately, the decision to sell or save your gold and other precious metals should be based on your personal goals and needs.

Our Thoughts

Selling gold can be a quick and easy way to make some extra cash, but it can also be confusing.

It’s important to research and consider your options carefully before choosing the best place to sell your gold.

I think Worthy makes selling pure gold and other gold pieces easier than anywhere else, so consider it first if you want to sell things quickly!

Whether you sell gold online to a gold buyer, a local jeweler, or a pawn shop, make sure to get multiple quotes and only work with reputable businesses.

By following our tips, you can maximize your profits and make the most out of your gold-selling experience.