Do you have old gold jewelry, gold coins, or dental scrap that you’d like to get rid of? Perhaps it’s spring cleaning, cleansing after a breakup or you want to take advantage of the recent historically high gold prices.
What is the best way to sell gold for cash?
While there are certainly reputable local businesses that can give you an honest gold resale price for your jewelry, coins, bullion or other items, selling your gold online with a reputable business is usually the best way to sell gold.
Using an online gold buyer is advantageous because:
- Selling gold online is much more convenient than driving around to area businesses near you.
- Since online businesses serve customers nationally, there are more reviews and nationwide certifications and verification services like the Better Business Bureau to lend credibility and trust.
- CashforGoldUSA has an online calculator to help you understand their offer before you even send in your item.
An online gold buyer will make an offer based on the weight and purity (measured in karats) of the metal you send. This includes coins as well as jewelry: You’ll be paid for the metal value rather than a coin’s face value.
Where is the best place to sell your gold and gold jewelry for the best price?
CashforGoldUSA is the best place to sell your gold — it’s a legitimate, reputable online gold buyer for selling gold jewelry that is also one of the oldest in the business.
- Fox Business News investigation found they pay 3X competitors
- Pay within 24 hours
- CashforGoldUSA has an A Better Business Bureau rating.
- Insured up to $100,000 by Lloyds of London
- Guaranteed highest price for your gold jewelry, coins, diamonds and dental scrap
- Paid out more than $55 million to sellers since being founded in 2004
- Get a USPS or FedEx mailer sent to and picked up from your door — 100% free
CashforGoldUSA also pays a 10% bonus above estimate resale value for gold and jewelry shipped within 7 days.
Gold prices are at a 7-year high. As of , the gold resale value in the USA was at a near-record price of $ per ounce, or $ per gram.
- How much is gold worth?
- How much can you get for gold?
- How much do you get for selling gold?
- Should I sell my gold? Is selling gold for cash worth it?
- More gold FAQs
How to sell gold to an online gold buyer
The general way to sell gold online includes:
- Filling out an online form on a gold buyer’s site with your name, address and general info about your item
- Receive a mailer to sell your jewelry, or coins
- Send in your gold item, then get a quote by email or phone.
- If you accept, get paid by Paypal or bank transfer.
Best online gold buyer: CashforGoldUSA
One of the oldest and most reliable online gold buyer companies out there is CashforGoldUSA. According to a Fox Business News investigation, Cash For Gold USA paid three times more than other top online gold buyers. The company will buy any gold jewelry (send in by mail), including bracelets, chains, pendants, rings, necklaces, anklets, charms and earrings. It also buys any gold coin issued from any country.
CashforGoldUSA’s parent company, C.J. Environmental, has an A rating with the Better Business Bureau.
Enter your name and address on the website, specifying whether you want FedEx or the U.S. Postal Service, and the company sends you a mailer.
Cash for Gold USA will appraise your items within 24 hours of receipt (you can track the shipment online) and you’ll be paid by check, PayPal or bank wire. The gold buyer also offers a “Gold Price Maximizer” promise: If within 30 days after your check is written the price of gold goes up, Cash for Gold USA will send you the difference.
Cash For Gold USA’s parent company, CJ Environmental, is a reputable gold buyer with an A rating from the Better Business Bureau. They insure your item up to $100,000, and will pay a 10% bonus above their quoted estimation if you mail your gold item within 7 days.*
Here is how CashforGoldUSA works:
Cash for Gold USA reviews
Cash for Gold USA is a reputable online gold buyer that has a 98% approval rating from Shopper Approved.
My CashforGoldUSA review
CashforGoldUSA is the leading online site that is a place that buys gold and diamonds (as well as silver). You send in your gold by mail or FedEx.
CashforGoldUSA is one of the oldest and most reliable companies that will buy your gold and diamonds for the highest price. CashforGoldUSA has a parent company, C.J. Environmental, which has an A Better Business Bureau rating. A Fox News investigation found that CashforGoldUSA.com paid out three times more (3x!) than the other top online gold buyers.
Here is a Fox News investigation that found CashforGoldUSA pays out 3x its competitors:
Is it safe to sell gold online?
Reputable gold buyers guarantee safety. CashforGoldUSA insures all shipments up to $5,000 through Lloyds of London, and you can track your package from door-to-door through a FedEx or USPS tracking number — all for free.
Other online buyers
Those we considered when deciding on the “best” gold buyer included:
- Liberty Gold and Silver
- Money Metals Exchange
- US Gold Buyers
- JM Bullion
- American Bullion
- Goldco Precious Metals
- Gold Geek
After an exhaustive review of these companies, here are all the reasons we ruled them out and why CashforGoldUSA is the best:
- Strong customer service focus, which is reflected in the BBB and TrustPilot ratings, as well as prompt communication through whichever communication the customer prefers: Text, phone, or email.
- Guaranteed highest price paid, backed up by third-party news investigations.
- Free shipping and insurance with a global brand.
- CashforGoldUSA is one of the oldest, most established and largest online gold buyers.
- 24-hour payment is unprecedented in the industry.
Cash for gold places near me: Where can I get cash for gold near me?
Most communities have several local places where you can sell your gold. These include local jewelers, cash for gold buyers, and pawnbrokers.
Here are some pros and cons of gold buyers near you, as well as popular gold buyers in major U.S. cities.
How much is gold worth? What is the melt value of gold?
The resale value of your gold is based on the current market price of gold bullion, but considers several other factors. As of , the gold melt price in the USA was at a near-record price of $ per ounce, or $ per gram.
Unless you have gold bullion, or another form of pure gold, your gold item is mixed with other metals, or alloys. The higher the percentage of gold in your jewelry or coin, the higher the value. Gold is measured in karats, with 24-karat being the purest gold, with the highest gold melt value.
To give you an estimate of the price you might receive when selling gold: a simple gold wedding band may bring $100 to $200, while a gold chain necklace (even a broken one), typically brings $70 to $250.
A gold dental crown could fetch prices between $40 and $100, depending on the gold market, and the quality of gold.
How much do you get for selling gold?
Gold has set record prices in the past year at more than $2,000 per ounce, and at the current scrap gold rates, a typical wedding band will bring you between $100 and $300, depending on the weight and karat.
Where you sell your gold, what type of gold (coins, jewelry, bullion, scrap) and whether you sell online or at a location near you also affect how much money you can get for your gold. Jewelry with diamonds and other precious gemstones will also bring more. Have diamonds? What you need to know about how to sell diamonds, and the best diamond buyers.
Value of gold today—check the price of gold
The value of gold goes up and down every day, and there are some online calculators that you can use to estimate the resale value of your gold.
Price of gold calculator
First, you want to know how much you will get when you sell your gold. Check the price of your gold scrap, gold jewelry, or other gold items with CashforGoldUSA’s online gold calculator, based on the most accurate gram and ounce price of gold today >>
CashforGoldUSA’s online price for gold calculator is very accurate because it automatically uses the spot gold price as of today, and calculates the resale value of your gold item based on the karat of gold, and the weight in grams or ounces to provide a gold melt price.
Check the price of gold here:
Similarly, CashforGoldUSA’s online gold calculator helps you understand the price for your scrap gold based on today’s gold price, the gram or ounce weight and karat of your scrap.
The way gold buyers determine how much gold is worth is rooted in the London Bullion Market Association, which today runs an electronic auction system called the LBMA Gold Price — recognized globally as the accepted market price for gold.
Is now a good time to sell gold?
When the economy and stocks are unstable, prices of gold historically rise. In other words: Now is an excellent time to sell your gold!
If you have gold jewelry, coins, dental scrap or other gold items that you do not use, or do not enjoy, then you should absolutely sell your gold now. That money can be used to pay down debt, take a vacation, go towards a downpayment of a house or other useful purposes.
Even selling an old gold chain you haven’t worn for years, or is broken, can mean a nice restaurant meal!
- When the stock market and other economic factors are down, historically gold prices have been steady and strong. This is no exception. Gold has been at record high prices for all of 2020, with no signs of significant drops.
- If you do not enjoy your gold jewelry or coins, and need the money, now is an excellent time to sell gold bullion, coins, scrap or jewelry.
Also, it may make sense to sell your gold, and buy stocks or an index fund to take advantage of the down stock market. You are essentially selling your gold high, and buying stocks or real estate low — exactly the best way to invest.
Can you make money selling gold?
Gold has been one of the best investments over the long-term. Today, as the stock market goes down, is an especially good time to sell gold, since gold prices tend to rise as the economy and stock market go down.
How much does gold sell for?
Gold prices are at a 7-year high. As of , the gold price in the USA was at a near-record price of $ per ounce, or $ per gram. Gold prices have been near record highs and are poised to go up, as historically, gold prices have increased when the stock market goes down.
You likely have some gold sitting around. Maybe it is old jewelry that you no longer like, or perhaps it was a gift from someone you have negative (or complicated) feelings about. Perhaps you have some old gold coins you inherited, or even gold dental work sitting in the back of a drawer!
Frequently asked questions about gold
Answers to commonly asked questions about gold prices and selling gold coins and jewelry.
Why gold is valuable
Gold is a fascinating commodity — one of the oldest forms of investment, wealth, as well as deeply sentimental when in the form of jewelry and other art. Plus, unlike stocks and bonds, gold is beautiful, and unlike real estate, highly transportable.
Because pure gold is a chemical element, it is finite — it is impossible to manufacture new gold (despite what alchemists have promised!). The limited, finite nature of gold is what gives gold value.
Gold recycling is also one of the most environmentally sound processes — reusing a natural resource again and again.
Despite its ancient roots, and millennia of use, gold remains mysterious. However, there are some basic facts you should understand before selling your gold:
How to tell if gold is real
Check for a stamp. A real gold item will have a purity marking on the back or inside. This stamp is typically either a carat number, such as 18K, or 12K, in the shape of a rectangle with the corners cut off, and with a number inside. Here is the meaning of those numbers:
999 = 24 karat, 99.9% gold
990 = 22 karat, 99% gold
916 = 22 karat, 91.6% gold
750 = 18 karat, 75% gold
585 = 14 karat, 58.5% gold
375 = 9 carat, 37.5% gold
How to tell if gold is real with a lighter. Hold your gold jewelry or coin to the steady flame of a lighter or oven (but not a very high heat, like a blow torch). Real gold will get bright hot after a while, but will not darken. Fake gold will darken or otherwise change color when exposed to fire. Also, if the piece is gold-plated (covered with gold, but made of other metals inside), the thin gold plating will melt, revealing the inner metal.
Test your gold with a magnet. Gold is not magnetic. Using an extra-strong magnet (you can get one from the hardware store), see if your gold jewelry is attracted to the magnet. One side note, sometimes a real-gold bracelet or necklace will have a clasp that is not made of real gold, and will be drawn to the magnet, while the rest of the item will not.
Float test. Real gold will not float, and will not rust. Drop your gold into a glass of water. If it floats, it’s fake.
Skin test. Real gold jewelry will not turn your skin black or green.
How much is gold worth per ounce?
As of , the price of 1-ounce 24k gold bullion was worth $ per ounce.
A 1-ounce gold bar is about the size of a military dog tag, and 24mm (0.95 inches) x 42mm (1.65 inches x 2mm (0.08 inches).
How much is a gram of gold worth?
As of , a gram of pure, 24K gold was worth $61.38 per gram.
To visualize, a 1-gram gold bar is 8mm (0.32 inches)x 15mm (0.59 inches) x 0.4mm (0.02 inches) — or smaller than a thumbtack.
How many grams are in an ounce of gold?
Gold is priced in the Troy ounce, which is 31.1034768 grams — larger than the avoirdupois ounce, which has a mass of 28.35 grams).
What is gold used for?
Aside from jewelry, and as an investment, gold’s durability and heat-conducting properties make it valuable for many other uses. These include:
Industry and technology, including wiring and data storage, as well as a reflector on glass.
Space technology, as NASA uses gold on astronauts’ visors, as well as in the wiring of space equipment.
Medicine, as gold’s healing and diagnostic properties are applied to treat cancers and rheumatoid arthritis.
Fun fact: Did you know that gold prices historically soar during a recession? Learn more about why it makes sense to sell gold during a down economy, and other financial tips for surviving and thriving in a recession.
When should I sell my gold? Is selling gold for cash worth it?
If you have to ask — yes, sell your gold! Again, it is better to have cash that you very much need now to pay essential bills like rent, a car note, or utilities — instead of gold coins, gold jewelry, bullion or scrap sitting in a drawer, or safety deposit box.
It can also make sense to sell gold for other investments, including stock funds in a retirement account, in real estate, or even education or a new business.
Frequently asked questions about gold prices
Not all gold is the same, and there are several different markets that determine the price you are quoted for your gold item.
What is a gold spot price?
The spot price is the price that gold will sell today — on the spot. The gold spot price is used by gold buyers to set the price they will offer you for your gold today.
Gold spot prices is the value of gold to be delivered immediately after purchase is called the spot price, calculated as the average net value of all currently traded gold futures for the next month.
What are gold futures?
Meanwhile, gold futures prices serve as the basis for the LBMA Gold Price, which is based on contracts for the physical delivery of a specified amount of gold on a set date in the future, and determined by predicted changes in supply of and demand, the estimated cost of transporting and storing gold.
Why does the gold price fluctuate?
Gold is like any other asset: stocks, real estate, even human labor. When there is more demand, prices go up. When there is less demand for gold, prices go down. Kitco’s price of gold is one of the major trackers of gold prices.
What causes the price of gold to go up?
Gold prices go up when there is more demand for gold. Historically gold prices increase when:
- The stock market is down
- There is great economic stability
- The higher the gold price, the more people tend to want to buy — which drives gold prices up further
Kitco’s price of gold
Kitco is a leading gold and precious metals buyer and seller, as well as creator of precious metals commodities news. The Kitco Gold Index is a popular measure of real-time gold pricing today. Unlike the stock market, which is a dynamic marketplace, daily gold prices are set by independently owned markets. Kitco is one of these markets.
Frequently asked questions about gold bullion
Gold bullion is gold bars or gold coins that are typically purchased for investment purposes.
How much is gold bullion worth?
Gold bullion — whether in bars or coins — is the price of 24K gold.
How much is a gold bullion coin worth?
Gold bullion coin is the same as gold bullion — simply in the shape of a coin instead of a bar. Again, current 24K prices apply.
As of , the price of 1-ounce 24k gold bullion was worth $ per ounce.
How to sell gold bullion online
Gold bullion, by definition, is pure gold for the purpose of investment. Bullion can be in bars or coins, or occasionally other forms like an ingot. Gold coin bullion can be sold the same as other scrap gold, including on reputable online sites.
A bar is better sold to a mint or local dealer.
A bar of gold bullion can be sold locally to a mint or local buyer.
If you have gold coin bullion, CashforGoldUSA.com is an excellent choice for selling all gold online. Their online gold calculator on their homepage accurately helps you estimate how much you will get for your coin, and easy steps for sending in your item, securely, for quick payment of cash.
How and where to sell gold bullion coins
Whether your coin is pure bullion, or a rare collectible, there is likely good, fast cash in your possession — especially since gold prices have hovered at record highs in recent years. A good place to start is by contacting a gold coin dealer near you, to get a quick quote. Yelp reviews can be useful.
Selling gold online is our recommendation for getting the best price, without leaving your home. You can also browse eBay to see if you can find a comparable coin, to better understand the price you can expect.
There is hot demand for gold coins, with gold prices hitting record highs, and sales of gold coins higher than dealers have seen. Gold dealers including Kitco and JM Bullion tell their gold coin buyers to expect delays of 15 days or more, due to extreme demand. This is great news for those looking to sell their coins.
Frequently asked questions about gold jewelry
Gold is a simple metal found on the Periodic Table of Elements — yet it is deeply mysterious, primed for scams throughout history, and requires some basic education before you sell your gold. Here are the basics:
What is gold vermeil?
Gold Vermeil is sterling silver that has been gold-plated, typically with 22K to 24K gold. It is more common to find gold vermeil in 14K-18K.
What is “gold plated?”
Gold plating involves affixing a thin layer of gold onto the surface of another metal copper or silver, by a chemical or electrochemical plating process.
What’s the difference between gold, gold filled, and gold plated?
Unlike plated (also referred to as “electroplated” or “dipped”), gold-filled items are legally required to contain 5% gold by weight. “Gold” items are the same gold alloy all the way through.
What is “gold filled?”
Gold-filled jewelry is constructed in two or three layers: The core metal is brass, and a gold alloy is then bonded to one or both surfaces of the brass core with heat and pressure. Gold-filled jewelry contains a much thicker layer of gold than plated or vermeil items and will hold up better with wear comparatively.
What is white gold? What’s the difference between white gold and yellow gold?
White gold has a silver, or white metal look, and is an alloy of gold with nickel, platinum, or another metal. There is no negligible price difference between white and yellow gold. The value is determined by the amount of gold contained, not its color.
How much is my gold chain worth? How much money can I get for a gold necklace?
Your gold chain or necklace are likely worth their weight x quality of the gold. Here is our guide to selling necklaces online.
How to sell gold jewelry
Gold jewelry that is by a significant brand like Tiffany or Cartier may be sold to a jeweler at a premium because of its name. Most jewelry, however, is likely to be melted down for scrap based on its weight and carat. Options for selling gold jewelry include:
- Local jeweler
- Pawn shop
- Online jewelry and gold buyers
Where to sell gold jewelry online
Our No. 1 top recommendation for selling gold is to CashforGoldUSA. Online gold buyers tend to pay out more because of steeper competition on the Internet, and lower overhead, since they don’t have to pay a premium for retail rent. Get a free FedEx mailer sent to your home in 24 hours, and get a 10% bonus if you send in your jewelry within 7 days with CashforGoldUSA >>
Frequently asked questions about scrap gold
Selling scrap gold can be a quick way to make money, especially since it does not typically hold sentimental value like jewelry.
What is scrap gold?
Scrap gold is any piece of gold that is not used as anything else — not jewelry or a coin, for example.
Lower-end jewelry is considered scrap gold when selling it because it will be melted down and resold as gold bullion — opposed to as the necklace, ring setting, or bracelet that it once was.
How much is scrap gold worth?
Gold prices are at a 7-year high. As of , the gold price in the USA was at a near-record price of $ per ounce, or $ per gram.
Where to find scrap gold around the house?
Scrap gold that you may have on hand to sell includes:
- Dental fillings, bridges and gold crowns
- Broken jewelry
- Antique china — you can chip off gold trim on these dishes
- Gold plated silverware
- Gold is found in the processors and connectors in computers, circuit boards, tablets, and smartphones use gold — though extracting this gold is complicated
- Gold heat shields, gold reflectors, gold mirrors, gold optics
- Gold solder
Scrap gold buyers: Who buys scrap gold?
Where to sell scrap gold? Local or online cash-for-gold buyers, as well as pawnshops and some jewelers are happy to buy your scrap gold.
Scrap gold prices at pawn shops and other locations are the same as everywhere else, and based on spot gold prices.
More on where to find reputable gold buyers.
Frequently asked questions about raw gold
What is raw gold?
The term raw gold, also known as natural gold or gold ore, refers to any gold alloy (mixture of gold and other metals) that is found in nature and that has not yet gone through a refining process. It can come in many forms, including gold nuggets, gold dust, and gold flakes.
What does gold look like in raw form?
Raw gold is typically bright, shiny, and dark yellow in color. The yellower the metal, the more gold it likely contains; the paler or whiter the metal, the more silver or other metals it likely contains. Raw gold with other impurities can appear in other colors, as well.
Where is raw gold found?
Gold can be found all over the world. China, Australia, Russia, the United States, Canada, and South Africa are commonly mentioned as top gold-producing countries.
Within the United States, gold has been found across the country. While California is famous for the Gold Rush of 1848, today Nevada and Alaska account for much of the gold produced in the United States.
Raw gold is commonly found in placer deposits along riverbeds and streams. Gold can also be found encased in hard rock, and is often found in Quartz veins.
How pure is raw gold?
Raw goldis 100% pure gold in its natural state, and always contains some kind of impurities.
When these impurities consist of other metals, the gold is considered to be an alloy. The most common metal to be found with gold is silver, but gold can also be found with copper, iron, and lead impurities as well.
Raw gold is commonly found as 18 karat (18K) gold, it can be as low as 14 karats in purity.
How much is raw gold worth?
The value of your raw gold depends on the same factors as other types of gold: How much gold you have, and how pure it is.
Can you sell gold that you find? How do I sell raw gold?
You can typically sell your raw gold the same way that you would sell refined gold products like jewelry, coins, or bullion — though keep in mind that gold found through prospecting, or other raw gold does not fetch the same high price as government-backed gold products. Pawn shops, gold exchanges, and online gold buyers all purchase raw gold, though certain establishments may have their own policies.
Our recommendation? CashforGoldUSA. The company pays fast (within 24 hours) and consistently pays top dollar for gold. Plus, they will help you determine the exact composition of your raw gold so that you can feel confident that you are getting a fair price.
Bottom line: Sell your gold to a legit online gold buyer now
Online gold buyers are in a strong position to offer high prices, since they don’t have the expensive overhead of a retail store, and the competitive nature of the Internet means they are motivated to lower their fees.
Plus, you enjoy the convenience and safety of not leaving your home, and in the case of our recommended gold buyer — a 100% guaranteed highest price for selling gold jewelry, gold watches, scrap and gold coins. Get started with CashforGoldUSA now >> Also, learn about top silver buyers.
Related: Interested in buying gold for an investment?
Need cash? Learn about our $500 single-mom monthly grant.
*10% bonus offer. Customers who send in their item(s) within 7 days of receiving the shipping materials will automatically receive an additional 10 percent bonus on top of the appraisal value of their items, compared to standard pricing. Total payout may not exceed melt value of items. The 10% bonus offer is not valid or able to be combined with any other special offers.