Our reviewers evaluate products and services based on unbiased research. Top Consumer Reviews may earn money when you click on a link. Learn more about our process.

Benefits of Selling Your Gold Online

Tuesday, January 26th

Benefits of Selling Your Gold Online

Selling gold is a popular practice right now due to favorable pricing on precious metals. However, most folks are not in the practice of selling gold and therefore aren't sure where to go and who they can trust. With today's modern technology you can buy and sell just about anything on the internet today - gold is no different. Many customers are finding that by selling their gold online they receive better pricing as well as the privacy they are looking for. No need to go to your favorite jeweler, wait in line, and then have haggle over a price for your outdated and unattractive jewelry when you can go through a controlled process from the comfort of your home.

A big benefit to selling your gold online is convenience. There's no need to drive around town or several local cities trying to get the best price for your gold. Once you send your gold in a free, provided, insured envelope to a gold buyer you may or may not accept their quoted price. If you decline the offer you will receive your valuables back and then move forward with asking for another quote from the next company. You don't have to leave your home to find out whose offering the best price nor be embarrassed by declining the offer in person when you work with online companies.

Most are finding that an online gold broker provides higher payouts for your broken jewelry, watches, and scrap than a pawn shop or local jeweler. Pawn shops and jewelers have a narrow margin of profit on reselling the item at a fair price versus a gold broker who sells only based on the weight and karat value. With the ultimate intent of your scrap gold to be melted and reused you'll find an online gold company has little care for the current fashion trends of what you have available. No need to sell only those gold items in good shape. Gold brokers will gladly accept one earring, a broken ring and just about anything gold that can and will be melted down.

Online companies want your repeat business and therefore work fast and efficiently to satisfy their customers. The analysis and offer process normally takes around 24 to 36 hours to complete and many companies offer bank wire services if you want or need the payment now. Some companies can also overnight a check if you're in a hurry but can't accept bank wires. Keep in mind that policies and practices do vary among companies and if speed is an issue be sure to ask ahead of time.

Selling your unwanted gold via an online gold broker is fast, efficient, convenient and private. Choose a company that is highly rated and provide an excellent customer experience where they allow you to feel in control during the entire process.

The Best Sites to Sell Gold Compare Sites to Sell Gold Compare Sites to Sell Gold Reviews What are the best Sites to Sell Gold Best Sites to Sell Gold Reviews

Sites to Sell Gold FAQ

It's just as the name suggests: you send in your gold items and get money in return! If you've got broken jewelry lying around, hand-me-down watches that no one knows who they used to belong to, or even gold teeth (!) that were removed, you can exchange them for cash.
It's surprisingly simple. Once you've selected a cash-for-gold service that you like, you'll provide your information and either get a shipping kit or print off a label. Package up your gold items, send them in, and wait for an offer from the company. If you accept their offer, you get paid; some services use PayPal while others send a check in the mail. Otherwise, you can request that they return your items and try your luck with another service.
That depends on several factors, the biggest being the going market rate for gold. Don't expect to get rich off of a few pieces of Great-Grandma's broken jewelry you found in a box somewhere. But, it can be a way to get a nice bit of pocket change, especially if they're items no one is wearing anyway.
Yes! Many cash-for-gold services will also make you an offer on silver, platinum, diamonds and more.
First and foremost, look for a company with a solid reputation. Reading customer reviews and finding out the service's rating from the Better Business Bureau are two smart steps to take to ensure you choose a trustworthy service. You'll also want to make sure that your items will be tracked and insured when you use the provided shipping method, and the same on the return if you choose not to accept your cash offer.
A jeweler or pawn shop doesn't specialize strictly in cash-for-gold, so you might not get an offer that's as competitive as what you'd get with an online service. Plus, you have to factor in the time to visit the brick-and-mortar location during business hours, return to collect your items or your payment, and so forth. Using an online service is much more convenient!
Most of the time, yes. The best cash-for-gold companies give you a 100% satisfaction guarantee with their services. But really, what matters most is that you get a competitive offer, and that you can get your items back if you decide not to accept it. You should have no trouble getting that from any reputable provider.
This is another question with a "most of the time" answer. Getting cash for gold is absolutely legitimate, and there are numerous services that have been around for a long time and have a loyal customer base. However, it's not unheard of for scam artists to try and get your gold items - and never give you a dollar. Again, be sure to choose a service with an established history of excellent customer service over numerous transactions, so that you don't get any unpleasant (and costly) surprises.
See the Best Sites to Sell Gold

Since you're interested in Sites to Sell Gold, here are some other reviews you might find interesting.

The Best Reviews of Sites to Sell Gold