US Gold Buyers – find a gold buyer in your state
How much money do gold buyers pay? We’ve compared US gold buyers and investigated your selling options. Do you already know our list of buyers? If you own gold, jewelry, diamonds, watches, silverware, dental gold, coins, or bars, you may be looking for a reliable gold buyer. But how much do gold buyers pay? And are the majority of them honest and reliable? What are the odds of getting ripped off? Should you be careful when shopping around? And is selling online a serious option for you? There are dozens of questions to ask if you plan to sell gold or other assets. The guidelines we provide address these important questions and can therefore be very helpful.
Types of gold buyers and ways to get the most cash for gold: Many Americans only think about gold buyers, pawn shops, and eBay when they explore their selling options. But there are also other ways to sell gold, jewelry, and other assets. Here, we share a list of all options for selling your unwanted stuff.
Gold buyers in your neighborhood
As the gold price began to rise, more and more gold buyers popped up. These days, you can find gold buyers almost everywhere: in your neighborhood, in malls, at flea markets, and in almost every city center. We’ve seen gold buyers located in a gas station as well as in containers on the highway. You’ll find gold buyers nearly everywhere in the US, even in the countryside and small towns. But this oversupply of gold buyers is not a benefit for you. The harsh competition makes it difficult for gold buyers to cover their running costs. For this reason, they are often tempted to offer you too little money for your gold. But don’t feel bad about their self-made situation. You deserve to get paid the best price for your gold. We know gold buyers offering $200 for gold worth $800. Customers should not have to suffer because of a gold buyer’s financial situation. That’s why comparing gold buyers and the prices they offer is a must. Shop around, and never sell too hastily. Compare local gold buyers with online gold buyers to find out where you can get paid the most cash.
Online gold buyers offer instant cash
Online gold buyers also face tough competition with their competitors, but you may get paid more cash for your gold if you know a reliable online buyer like reDollar.com. Online gold buyers like us have an advantage against their local competitors. We don’t have to cover the cost of an expensive lease in a mall or upscale neighborhood. As an online gold buyer, we can run our business at a lower cost while serving customers all over the US, not just regionally. Therefore, it’s easier for us to offer high prices for gold. Tools like our online gold calculator make comparison easy for consumers. But be careful, as some other online gold buyers operate by exploiting unsuspecting sellers to make a fortune off their gold. If you’re considering selling gold and you don’t know much about the value, ask an expert to avoid getting ripped off. Read more information about online gold buyers.
Pawn shops also buy gold
Pawn shops pawn gold and mostly buy gold. Generally, they’re in competition with other local gold buyers. But because their major business is lending money for collateral, they have a small advantage over gold buyers. They don’t have to cover their operating costs just by buying gold. Their major income is generated by borrowing money. This makes it easier to offer more cash for gold. But don’t trust pawn shops more than gold buyers just because of that. You can find very reliable gold buyers as well as very honest pawn shops. Moreover, we know that pawn shops want to make safe deals, because they usually pawn, and pawning is strongly connected with a bigger risk—the risk that a pawner will fail to redeem the pawn loan. The resulting deduction can cause an unsatisfying selling amount. Always ask how much they pay for a pennyweight of a special alloy. If they refuse to give a price, it’s time to leave the store—they may be unreliable and are not worth doing business with.
Local auction house: auction your gold
Some local auction houses also buy gold. Generally, they auction your gold and jewelry, but some of them also offer instant cash. Keep commissions and fees in mind if you’re considering selling your gold at auction. Commissions for sellers usually range from 20 to 35 percent. Some auction houses also charge you other fees such as a photography fee, a storage fee, or even an insurance fee. If they don’t achieve a very high price in the auction, the selling experience can wind up being a disaster for you. Take this into consideration before you hand over your possessions to an auctioneer. Also bear in mind that many auctions start without a limit price. If there are not enough bidders active at the auction, the winning bid can be much lower than expected. Even if you don’t sell with an auction house, they can support you with advice about the value of the items that you own.
Antique dealers are cash for gold places
Antique dealers are specialized in everything and nothing, an old adage says. Most of these places also offer a gold buying service. They aren’t classic gold buyers, but they still offer to buy gold, silver, jewelry, and sometimes dental gold. It’s hard to know if selling to an antique dealer is a good choice, because only a minority are willing and able to offer a great deal for your gold. An offer between 30 and 60 percent below the current gold price isn’t surprising to see in this industry. Please consider that antique dealers don’t buy considerable quantities of gold every day, week, or month. They have to keep the gold until they can get more to process it with a gold refinery, so they have to be safe with their pricing. Nobody knows how the metal prices evolve, and therefore a higher deduction has to be considered and calculated. If you have a nice-looking college ring, maybe with a gem, an antique dealer can be a possible option. But if you’re looking to sell a significant quantity of gold, coins, or jewelry, a bigger and more professional organized company is recommended.
Secondhand dealers buy gold
You can also sell gold to secondhand dealers. Normally they trade with almost all goods worth more than $5. But our experience is that very often, secondhand dealers don’t rank as top-dollar locations for gold. Check their credentials in advance, because many dealers without the necessary skills and knowledge to buy gold are active in this market. If a dealer strives to provide a second-to-none service, a laboratory with very expensive equipment is needed. Most of the secondhand dealers perform only a scratching test with acid to determine the alloy. Generally, this test works but can leave many, many questions unanswered. An acid test can result in an unknown alloy, something between 14 karat gold and 18 karat gold. The difference between the value of 14K gold and 18K gold is significant and should be precisely determined. Only a very expensive XRF testing machine is able to deliver an exact result.
How much money will gold buyers pay?
We’ve put together a comparison of gold buyers throughout the entire US. Just look for your state and your city to find out more.