How Selling Your Gold Online Works: The Step by Step Process

Do you have gold coins, bullion, or jewelry sitting around at home collecting dust? Would you like to get money for your gold pieces? If so, you can easily do so online. You just need to know how the process works so you can receive cash for the precious metal.

The following steps will give you all the information you need to know, so you know what to expect. Gold is in high demand almost anytime. So, you can visit this site and get how to receive the cash you need to pay for an emergency, reduce the amount of a debt, or pay for a much-needed holiday.

1. Ask for an Appraisal Kit

To begin getting cash for gold, you need to request an appraisal kit. This will allow you to pack up your gold in a secure fashion and ship it to the buyer so you can get your gold appraised. Don’t worry about the shipping cost, as the buyer covers that expense. You just need to use the materials the gold buyer sends to send your gold for a valuation securely.

2. The Gold is Appraised at the Gold Buyer’s Facility

Once the gold is shipped to the online buyer, it will be appraised. This appraisal will be based on the current market value of gold per troy ounce. The appraiser will also check the gold coins’ red book value or blue books value or appraise your gold jewelry based on the karat weight. Karat numbers are appraised for 14, 16, 18, 22, or 24 karat jewelry. The price you receive will depend on the amount of pure gold a piece of jewelry contains.

3. Receive an Offer for Your Gold

After an appraisal is made, the gold buying company will send you the assessment, making an offer to buy your gold. At this point, you can accept the valuation or turn it down. 

4. Receive the Payment Per Your Specifications

If you accept the valuation, you will receive your payment for the gold reasonably fast, especially if you opt to have it sent by PayPal. While you can ask for a check, you may have to wait a while to receive the money. It is better to request payment by PayPal if you need some fast cash. Generally, you will receive your compensation in about 48 hours after accepting an offer.

5. Have the Gold Shipped Back Should You Turn Down the Offer

Should you disagree with the appraisal and wish to recoup your gold, the gold buying company will return your gold free of charge. Therefore, this form of gold buying can be done securely and practically. You don’t have to worry about the risks you might take by taking your gold to a local gold buying site or pawn shop. The steps for buying gold jewelry online are both secure and safe.

Getting a Faster Appraisal – Speeding Up the Process

If you wish to get a valuation for your gold faster, contact the gold buyer and ask for their Fed-Ex mailing address and pack the gold yourself. Take the item to a Fed-Ex center or have Fed-Ex pick up your package if you have the shipping materials. You just need to make sure that the gold buyer knows your shipping plans. 

You don’t have to wait for the gold buyer to send you an appraisal kit by taking this approach. Instead, the buyer will give you the information needed to ship the gold to its facility free of charge. You never have to pay for shipping, whether you send gold to the buyer or request that the metal is sent back to your address.

Do You Have Gold Lying Around the House? Maybe You Need to Sell It

You can pay down debt or pay for a whirlwind holiday. As long as you have gold to sell, you can make this happen.