Do you own any gold sovereigns? They’re a type of coin that was first struck in 1817. While they aren’t legal tender anymore, they are worth quite a bit if you fancy selling your collection.
Like all types of gold, you’ve got a lot of options when it comes to selling it and making a tidy profit. If your first instinct is to sell on eBay, then you’re going to lose out. Here’s a couple of reasons why you should make your sale with a proper company and get off eBay for gold sales.
A Competitive Market
If you try and sell a gold sovereign on eBay, you’re going to find out two things pretty quick:
Researching the value of gold for a starting bid takes time.
You’ve got a LOT of competition.
For the sake of this point, we’re interested specifically in the second point. There are a lot, and we mean a lot, of gold sovereigns being sold on eBay all the time. They’re a popular way for people to get gold sovereigns without much effort – we’ve all got eBay these days.
Lower Profits
Unfortunately, when it comes to selling gold sovereigns, you won’t get the profit you’ve been dreaming of. So, if you’re thinking of piles of cash, prepare to be disappointed.
The issue is that you’re trying to value it properly, and you’re not a professional. On a different note, you’ve also got the issue of commission fees and such – eBay takes a chunk of the money before you ever see it. With that in mind, you need to take a look at other options.
Better Valuation
It’s probably a sensible idea to think about getting your gold sovereigns bought by a trusted provider, just to make sure that everything works out for the best.
We’ll make sure that we properly value your gold and give you a fair value to make sure you take the profits. We don’t take a cut of the fees because there’s no middle man, so you’ve got the options you need for success. It’s so important that you get as much as you can for your sovereigns, and eBay just isn’t the place.
A private sale is far better, and gives you the profits you want. It’s not always a case of using the quickest and easiest service, because sometimes you accomplish more by using less.
So, as you can probably tell, selling your gold privately is a good idea. It’s not always the case that you’ve got the sites you need for a sale – sometimes, it’s all about finding the best way to get your sovereigns sold for the highest profit. Yeah, this is challenging, but it’s worth it. You have to take a look at all of the different options with regards to where you sell your gold sovereigns, because places like eBay, while they may be tempting, or not the optimum choice. It’s instead a case of taking a look at private sales.
