Planning for a Bright, Financial Future

If you have some gold coins or bracelets and other jewelry that you're interested in selling, you might think it's as easy as putting everything in a bag and heading out to the first shop that offers to buy your pieces. However, if you want to feel sure that you've had a fair exchange and end up with the most money possible, it's vital that you do the following things.

Find the Base Price

You may be aware that different retailers and gold buyers will offer you different prices for the gold you have. However, you may not know the value of any of your pieces. The best thing to do before you enter into any negotiations is to find out what gold itself is selling for.

How can you find out what the current price of gold is? The easiest way is to check out what a troy ounce of gold is going for on the open commodities market. There are a number of online trackers that can give you this information, and you can also check out daily stock market updates on financial television networks. Once you've got the price of a troy ounce, weigh your own pieces and then use an online calculator to convert the weight of your pieces into troy ounces. You should be able to then easily calculate how much the gold in your pieces is worth. While you should be able to command a higher price for the condition and aesthetic value of each piece, having a base price in mind will ensure that you don't sell for too low a price.

Don't Sell in Big Lots

If you're in a hurry to sell your gold pieces you might be thinking about handing a buyer a tangled mess of jewelry or a sack of coins and wanting them to buy the pieces as a lot. When you do this, be aware that you could be making less than what the pieces are worth. Very expensive pieces should be separated out so that they can fetch a higher price.

Get an Appraisal Certificate

While it's tempting to just walk into a shop and start talking to gold buyers, if you want to ensure that you're asking for a fair price, it's wise to seek out the help of an appraiser. They can help you get a better idea of what pieces like yours are selling for. When you have an appraisal certificate, gold buyers can be confident that you are offering them authentic pieces that have been valued by a professional.

Think of these tips as you prepare your gold jewelry or coins. Work with a number of buyers in your local area to ensure that you feel good about the profit you make from your sales.