A Guide to Selling Your Gold or Silver

Do you have some gold or silver that you’ve been looking to sell, but are unsure of where to start? Selling gold or silver can be quite an easy process if you work with the right appraiser. There are many ways to go about selling your gold or silver pieces. You could sell your item to a pawn shop, coin shop or private buyer. No matter who you’re selling to, though, it’s important to first determine the accurate value of your item or items. This can be done by a local, qualified appraisal service.

Read on to learn about what you should know before selling your gold and silver, then find a great appraiser in Mill Valley, CA.

What type of gold or silver do you have?

The first step in selling your gold or silver is determining its value. This value can differ greatly depending on the type of gold or silver pieces you possess. Gold and silver coins, for example, usually retain their value, even when reselling. These coins come in many different variations, including American Eagle coins, Buffalo coins and World coins. Coins are usually much easier to sell than other types of gold and silver.

People often try to sell gold and silver bars, because their resale value is quite high as well. Identifying the type you own is easy, since there is usually a serial number imprinted into the bar.

Jewelry is another type of piece that is often resold. These items are usually a little harder to sell and can decrease a lot in value over time. Other types of gold and silver that people consider selling include scrap metal and gram pieces.

Determine a fair asking price

The best way to find a fair asking price for your gold or silver item is to have it appraised by an experienced appraiser. Your appraiser may give you an oral or written appraisal. It’s usually a good idea to get an opinion from several different appraisers, as this will help you more accurately determine the item’s value.

It’s important to not just guess an item’s value, as this could lead to trouble down the line. It may also prevent you from finding a buyer.

How to find a buyer

These days, there are many different ways to find a gold or silver buyer. There are pawn shops all over the place that may offer you a fair price for your items. Coin shops and other collectible shops can also be found in most areas. When trying to find a buyer, make sure they are trustworthy. You don’t want to end up cheated out of your item’s true value. Trying to sell to a private owner you met online could even result in a robbery if you aren’t careful.

There are many ways to safely sell any and all gold or silver pieces you own. Now that you’re aware of what you should know before selling your gold and silver, it’s time to contact a local appraiser in Mill Valley, CA. Speak with the experts at Collectible Coins & Jewelry today!

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