Selling Gold: Expert Tips

UntitledWith the price of gold at almost $1,400.00 an ounce, gold buyers are looking for anything that has gold in it — and now is a great time to trade your old jewelry or coins for some cold, hard cash. The only question is: Where do you start?

At Liberty Coin & Currency, we talk to people interested in selling gold every day. So before you sell your gold to anyone, here are a few tips.

1.    You can sell almost anything with gold in it.

You can sell bracelets, necklaces, wedding rings, engagement rings, class rings, watches, pins, broaches, lockets and charms. Do      you have a few pieces of broken jewelry? No problem. And don’t forget Sterling Silverware, cups and gold coins. You can even sell dental gold.

2.    Know the market.

The price of gold varies every day, just like stocks in the market. Keep in mind that 2013 gold prices are the highest they’ve been in decades, so it’s a great time to sell.

3.    It’s not just about the gold.

Rare gold and silver coins can also be worth more than the precious metal content. At Liberty Coin & Currency, our experts in rare coins, precious metals and heirloom jewelry can help you determine the true value of the entire piece.

4.    Be careful.

It’s sad but true that there are some disreputable gold buyers out there. And remember that it’s always safer to sell your gold in person rather than through the mail.

5.    Know what you’ve got.

Because gold is a soft metal, it’s often mixed with other metals to increase its strength and durability. This mixture is measured in karats. The more karats in your piece, the higher the concentration of gold (and the higher the value). For example, 24 karat gold is 100% pure gold, while 18 karat gold is 75% gold and 25% other metals.

Some unscrupulous dealers will weigh all your jewelry together and pay you at the lowest karat value. Experts at Liberty Coin & Currency will sort your valuables when you come in — so you know you’re getting a fair deal.

The bottom line is that there’s really never been a better time to sell your gold.

Be sure to visit the experts at Liberty Coin & Currency in Portland and Vancouver to find out what your valuables are really worth for free. We can help you turn your old jewelry into something that’s really valuable — like a flat-screen TV, a brand-new kitchen or even a trip to Hawaii.

Liberty Coin & Currency specializes in gold buying and dealing in rare coins. We are a family-owned business that was first established over 16 years ago and is now located in Vancouver and Portland. We also buy gold, silver, diamonds, currency and jewelry. Visit us first for a free evaluation.