That’s a nice piece of gold jewellery you’ve got there. Do you ever think about selling it? If you do, you are 100% going to want to keep that piece of gold far away from a selling site like eBay, or taking it to a pawnshop.

Now, wait just a minute, we hear you say. Surely selling your gold is the best way to get rid of it and make a lot of money at the same time? Now, you would be right, except if you try to sell it on eBay or to a pawnshop, you’re not doing it right. Let’s talk about why that’s the case.

The Trouble With Selling Gold

Here’s the thing about selling gold. It’s not like selling a trinket that has been lying around your house for 10 years. It’s definitely not like selling something on Facebook. The big thing about selling gold is that actually, it’s worth quite a lot of money in the right condition. If you have got a 24-carat gold ring, you could find yourself with a pretty amount of money.

Now, of course, the big problem that a lot of people make when it comes to selling their gold is they go and do the exact same thing every time. They go to a pawn shop or they go to eBay. Neither of these are the optimum choice.

Get Your Seller Right

Okay, let’s talk a little bit about why both of these choices are the best ones. We will be fair and make sure you understand. Let’s look at eBay first. You begin by putting your item on eBay, you sell it, and then you walk away with the money. Simple, right? Wrong. There are a couple of issues.

First of all, there are seller fees. eBay takes a cut of what you make on your gold simply for the privilege of selling on their website. Crazy, right? The other problem is that you aren’t necessarily going to get the best price. You may have to compromise, you might have your gold bought by a collector who understands the true value when you don’t, and you wind up with no money.

Now, the other option, the pawnshop, is no better. They are not interested in giving you a good price, they’ll have a fixed rate for gold items, which means your walk away with the same amount of money every time. Now, this could be to your advantage if the market value was a little on the low side, but more often than not, you’re missing out.

Final Thoughts

Selling with a reputable buyer like ourselves is definitely the way to go. Not only will we appraise your gold, so you know exactly what it’s worth, but we will also make sure that we give you a competitive price for your gold, and there are no third-party fees. It’s just the best way to sell gold, so if you’re thinking about putting that 24 carat gold necklace on eBay, please don’t. You’re only losing out.