10 Things to Do Before Selling Your Gold

Gold is a valuable resource that has been used for centuries to trade and barter. Today, it is still a popular way to invest money. While it may be tempting to sell your gold when times are tough, there are a few things you should do first to get the best price and ensure you’re making the right decision.

1. Check The Market – Before you sell your gold, it is important to check the market to see what the current price is. This will help you determine whether or not you are getting a fair price for your gold.
2. Come Up With A List Of Buyers – Create a list of potential buyers. There are many companies that buy and sell gold, especially in Australia, where there are a lot of reputable gold buyers in Adelaide.
3. Get A Quote – Don’t hesitate to ask for a quote from the gold buyers or gold dealers on your list and take note of their offers. Knowing the prices they offer for your gold will help you narrow down your list and eventually decide on whom to sell your precious metal.
4. Compare Prices – Once you are able to get quotes from different interested buyers, be it online or in person, you can start comparing prices, and then you can decide on the best price for your gold. Get pre-approved so you don’t have to waste time waiting on a response.
5. Bring In Your Gold – If you have physical gold in your possession, you should bring it in to be assessed. Many companies will give you a fair price for your gold based on its weight and condition. Make sure you are prepared to answer any questions.
6. Clean & Polish Your Gold – If you have jewellery, before you take it to the buyers, try polishing and cleaning your pieces. This will help them look their best and get better prices for your products.
7. Weigh Your Gold – Make sure you know the weight of your gold. Larger pieces, such as coins and bars, can be weighed on scales. If you have smaller items, you will need to use a scale that comes with tare weights or measure their volume in millilitres or cubic centimetres.
8. Give Each Piece A Thorough Inspection – Look over your pieces carefully. Make a list of any small details that you want to tell the buyers. This will help you get a better price for each piece.
9. Pack & Label Your Gold – Once you know what price you are going to sell your items or gold at, carefully pack each piece in a separate bag or box with a description of the contents. This will help you avoid confusion at the buyer’s office, and it is important for organising your pieces.
10. Know Your Payment – Once your gold has been weighed and carefully packed away, you can take some time to go over all the payment information with the dealer. Be sure that you are aware of how and when you will receive your payment.

When you’re ready to sell your gold, make sure you do your research and take the time to prepare your gold for sale. This will ensure you get the best price possible.