When you are ready to sell gold, the ideal outcome is securing the highest cash offer from a reliable company. While we are experts in diamonds, Diamonds USA also purchases gold, silver, and other precious metals.

Whether this is your first time selling gold or you have experience, we will share how to get the most cash when you sell gold.

Why Selling Your Gold Now Could Be a Smart Move

With recent gold prices hovering near record highs,1 this can be a good time to sell your gold, whether because it is from a past relationship, an inheritance, or because of a financial need. Here are some reasons why it might be a good time to sell your gold, in addition to the spot price, which is the current price of gold.

  • Moderate Inflation Rates: Higher inflation typically drives up gold prices. However, it’s wise to assess how gold prices are increasing relative to inflation rates.
  • Peak Market Prices: A basic strategy in commodities trading is to buy low and sell high. Gold prices are near the highest they’ve been in a century, and the current spot price makes it appealing to sell gold.
  • Economic Instability: Gold often becomes more valuable as economic stability declines. The current economic uncertainty can be advantageous for anyone considering selling their gold.
  • Investor Demand: The ongoing economic volatility has prompted investors to turn to traditional safe havens like gold. One major retailer has been unable to keep gold bars stocked because of increased demand.2
  • Need for Immediate Cash: If life’s circumstances have led you to a need for quick access to cash, selling gold can provide some financial relief.

Where You Can Sell Gold

When deciding to sell gold, you have a number of options, from local dealers to online buyers. Do your due diligence to ensure you are getting the best offer for your gold.

When selling locally, research the companies that appear in your searches and read online reviews to make sure you are dealing with reputable companies.

When selling to online gold buyers, be sure to check online reviews, business credentials, and BBB reviews.

Where to Sell Gold “Near Me”

Local dealers are often the first place people think of when looking to sell their gold. You can use search terms like “sell gold near me,” “gold buyers near me,” or “cash for gold near me.” You will discover local jewelry stores, pawn shops, coin shops, and gold buyers.

One advantage of selling gold locally is it will be a face-to-face transaction where you can receive immediate payment.

Remember, you will never know if you are getting the best price for gold unless you compare offers.

Also, local gold buyers have many expenses, from rent to insurance to heating and cooling, security, maintenance, and cleaning that might limit what they can offer gold buyers.

Where to Sell Gold Online

If you choose to sell online, you can choose among peer-to-peer marketplaces like Craigslist and Facebook. You can choose online selling platforms like eBay and Etsy. Or you can sell to a direct online gold buyer like Diamonds USA.

While you have several choices to sell online, peer-to-peer marketplaces are rife with scams. In fact, Facebook has a page dedicated to informing its users how to spot scams.3 LifeLock shares a list of scams to watch out for on Craigslist, including overpayment scams and “Craigslist guaranteed seller” scams.4 You will also want to make sure to meet the seller in a public space to prevent any issues.

On the other hand, online buyers like Diamonds USA offer convenience and access to a broader market because you are not limited to working solely with gold buyers doing business near you. This can lead to fair, market-driven price offers due to lower overhead costs.

Why Sell Gold to Diamonds USA

Diamonds USA purchases a wide selection of items, including rings, charms, broken gold jewelry, watches, bracelets, necklaces, gold coins, and more. We buy all gold, and it does not matter what the condition of your jewelry is because we are interested in the gold content.

Diamonds USA is a safe and reliable online buyer for those looking to sell precious items for extra cash. Here’s why:

  • Reputation for Trustworthiness: Diamonds USA has been in business for nearly two decades and has an A+ rating from the Better Business Bureau. This rating reflects our commitment to transparency and fair business practices.
  • Secure and Convenient Selling Process: We offer a straightforward, secure, three-step method to sell gold.
  • Price “Beat” Guarantee: Diamonds USA pledges to surpass any competitor’s written offer, or we will return your items free of charge.
  • Commitment to Privacy: We prioritize customer privacy and use the latest encryption technology to protect all customer information and transaction details. We never sell customer information to third parties, so you won’t receive unwanted marketing materials.
  • Environmental Sustainability: Selling to Diamonds USA not only fetches you a fair price but also contributes positively to environmental sustainability efforts by reducing the need for newly mined gold and repurposing precious metals.

How to Sell Gold to Diamonds USA

If you’re considering selling gold online and looking for a hassle-free experience, Diamonds USA offers a simple, three-step process.

Step 1: Fill out a form for a free Appraisal Kit. You will then receive a shipping label and packet.

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Step 2: When you receive your kit, place your valuables in the packet so you can ship them to us at no cost to you.

Step 3: Upon receipt, our experts will appraise the items and extend an offer within 24 hours. You can accept the offer or have your items returned free of charge.

Request your free Appraisal Kit today and start selling your gold from the comfort of your home.

What We Buy at Diamonds USA

In addition to diamonds, here is a sample of what we buy:

  • Gold jewelry
  • Gold rings
  • Gold charms
  • Gold bracelets
  • Gold bangles
  • Gold watches
  • Gold necklaces
  • Gold chains
  • Broken jewelry
  • Rolled gold
  • Scrap gold
  • Gold coins
  • Silver jewelry
  • Silver coins
  • Silverware

FAQs About Selling Gold with Diamonds USA

What is the best way to sell gold?

Consider using a reputable online gold buyer to achieve the highest return when selling gold. Online buyers like Diamonds USA usually have lower overhead costs than local jewelers or pawnshops, allowing for better offers.

How much will I get if I sell my gold?

The payout for your gold will depend on the current market price and the gold content and purity (karat).

How much is my gold worth?

To determine your gold’s value, you’ll need to know its weight, purity (karat), and the current spot price of gold. Calculate the percentage of pure gold by dividing the karat by 24, then multiply this figure by the weight and the spot price. While that will help you understand what your gold is worth, the offers will be lower should you decide to sell.

What is the best place to sell gold?

Diamonds USA is among the top online buyers offering the best prices for gold. We provide trustworthy and efficient service and have a Price “Beat” Guarantee. Be careful of buyers only interested in purchasing your gold to resell it; you will likely get an inferior offer.

How do you sell gold for what it’s worth?

To help get the most for your gold, have it appraised for purity and weight beforehand. Obtain quotes from multiple buyers, aiming for at least a few evaluations from reputable online and local buyers. Don’t rush into selling to the first buyer; use the appraisal to negotiate effectively. And, if you sell to us, we have a Price “Beat” Guarantee.

Is it worth it to sell gold now?

Whether to sell gold depends on whether you need cash now and current market prices. Gold prices are subject to fluctuations, but they have been near record highs, making it an attractive time to sell.

Sources:

1. Macrotrends – Gold Prices – 100 Year Historical Chart, https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart. Retrieved April 30, 2024

2. Forbes – What’s Up With Gold? Here’s Why Everyone From Costco To Central Banks Is Rushing In, https://www.forbes.com/sites/dereksaul/2024/04/10/whats-up-with-gold-heres-why-everyone-from-costco-to-central-banks-is-rushing-in. Retrieved May 8, 2024

3. Facebook – Recognizing Scams, https://www.facebook.com/help/1086141928978559. Retrieved April 30, 2024

4. LifeLock – 13 common Craigslist scams in 2024 and how to avoid them, https://lifelock.norton.com/learn/internet-security/craigslist-scams. Retrieved April 30, 2024

About Diamonds USA

Diamonds USA is a prominent online buyer of diamonds, as well as gold jewelry, silver, platinum, and palladium, in the United States. Since 2005, we have paid tens of millions to tens of thousands of customers for their unwanted diamonds or broken precious metal jewelry. We offer a quick and straightforward selling process, ensuring customers receive prompt and competitive offers for their items. Learn more about us or get your free, insured Appraisal Kit now: