Can you sell your gold on eBay? Yes, you may but there is an even better way!

Alan, reDollar expert answered

Many people think about selling gold on ebay. But many questions are coming up when it comes to auction gold on ebay. Is it legal? Are there any risks? How much does it cost? Who is responsible for shipping? What about returns? And most important – is it attractive to do so? We investigated your options to sell gold on ebay and we are happy to share our gained knowledge with you.

Is it legal to sell gold on ebay?

YES! You do absolutely nothing illegal when you sell gold (jewelry, coins, bars etc.) on ebay. Only be careful when you plan to bring dental gold up for auction. As we know it’s against the ebay terms and probably also against the law to auction dental gold when organic remains are still in connection with your dental gold. With our company, you can sell dental gold without being aware about any laws or requirements. We accept any dental gold – even when it’s not clean.

Are there any risks about selling on ebay?

It’s doubtless, ebay is a great marketplace but we would generally not recommend to auction gold on ebay as long as you are not a very experienced seller. You can easy enter into a trap. If you do something accidentally wrong, ebay or PayPal will block your money and you can loose both, your merchandise and your selling proceeds. Potentially risks are: shipping to PO boxes, shipping to relatively new ebay users, shipping to a buyer who believes your items is described wrong or even worse – shipping abroad. Usually, things are going smooth but always consider that there are many bad people out there just waiting for you doing something wrong.

Returns on ebay

Even when you do not accept returns you are actually forced to accept a return anyway. First, because you don’t want to get negative feedback on your account and second because if a buyer reports a problem with an item you sold, your money is immediately frozen and you are almost forced to accept the return.

How much does it cost to sell gold on ebay?

ebay selling fees and PayPal fees combined sum up at approx. 15% of the winning bid. That is a lot of money when it comes to auction gold or jewelry. Every day, we see uncountable auctions ending where it would be actually better to sell gold to reDollar instead of auctioning on ebay.

Let’s assume you sell a 14K gold chain weighing 18 grams on ebay

Current gold chain value: $789.44
You sell on ebay for: 98% of the current value: $773.65
Deduct 15% fees, you finally get paid: $655.24

Compared with reDollar.com – we pay: $710.50

Every day more and more people sell their gold to reDollar.com and not on ebay. Give it a try!

SELL GOLD NOW