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.
Where is the best place to sell your gold online?
Quick takeaway: Our No. 1 recommended best place to sell your gold is CashforGoldUSA — a legitimate online gold buyer. CashforGoldUSA.com benefits:
- Fox Business News investigation found they pay 3X competitors
- Pay within 24 hours
- 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 $52 million to sellers since being founded in 2004
- Get a USPS or FedEx mailer sent to and picked up from your door
CashforGoldUSA also pays a 10% bonus above estimate for items shipped within 7 days.
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.
Stop searching for gold buyers near me — sell your gold to a legit buyer now
Instead of going to a pawn shop, local jeweler or cash-for-gold location near you, consider online gold buyers. These sites 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.
- Where to sell gold for cash
- Cash for gold places near me: Where can I get cash for gold near me?
- How much is gold worth?
- Value of gold today—check the price of gold
- When should I sell my gold?
- Can you make money selling gold?
- How much does gold sell for?
- Should I sell my gold?
- Frequently asked questions about gold
- Frequently asked questions about gold prices
- Frequently asked questions about gold buyers
- Sell other precious metals
Where to sell gold for cash
Whether you live in NYC, Miami, Los Angeles or a small town or city in between, there are countless places to sell your gold — some more reputable than others. These include:
- Pawn shops
- Cash for Gold or Gold Exchanges near you
- Local jewelers
- or one of the many online gold and jewelry buying sites
While there are certainly reputable local jewelers who can give you an honest price for your gold jewelry, coins, bullion or other items, selling your gold online with a reputable business is advantageous because:
- It 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.
A 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.
Online gold buyer: CashforGoldUSA
One of the oldest and most reliable online gold buyer companies out there. According to a Fox News investigation, Cash For Gold USA paid three times more than other top online gold buyers. The company will buy any gold jewelry, including bracelets, chains, pendants, rings, necklaces, anklets, charms and earrings. It also buys any gold coin from any country. Enter your name and address at 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, has 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 ship your item within 7 days*.
Online gold buyer: Liberty Gold and Silver
Based in downtown Portland, Ore., since 2012, Liberty Gold and Silver buys any kind of gold jewelry or gold coins. Request a UPS mailer and drop it off at any UPS authorized shipping center. It’s insured for up to $1,000; if your items are worth more, you need to ship through the U.S. Postal Service and insure the items yourself; however, Liberty Gold and Silver will reimburse you.
Once you accept the offer, the gold buyer will mail you a check within 24 hours; for a small fee, you can have the money sent to your bank account. Liberty Gold and Silver has an A+ rating from the BBB.
Online gold buyer: Luriya
Located in Manhattan’s “Diamond District,” Luriya has been buying gold jewelry (including antique and estate jewelry) and gold coins for the past 27 years. If you live in or plan to visit New York, you can schedule a personal appointment. But the gold buyer will also send you a prepaid mailer for the delivery method of your choice (including FedEx, UPS, DHL and the U.S. Postal Service).
Insurance for up to $1,000 is automatic, but Luriya can arrange for insurance of up to $1 million. Within 48 hours of receipt Luriya will make an offer. Luryia has an A+ rating from the Better Business Bureau.
Online gold buyer: Money Metals Exchange
This gold buyer doesn’t buy any jewelry but will accept gold coins. Unlike the others in this list, it doesn’t offer prepaid mailers; you have to insure and ship the gold coins yourself via the U.S. Postal Service. (The website offers packaging tips.)
Money Metals Exchange is an accredited business with the Better Business Bureau and has an A+ rating.
Online gold buyer: SellYourGold.com
This Boca Raton, Fla.-based company, in business since 2014, buys just about any kind of gold jewelry, including anklets, cuff links, pendants, rings, necklaces, and charms. It also buys vintage, antique and estate jewelry, and designer jewelry from designers such as Tiffany & Co., Van Cleef & Arpels, Bvlgari, and Cartier.
SellYourGold.com will send you a FedEx mailer with $1,000 insurance (you can arrange for insurance of up to $25,000). The gold buyer promises an offer the same day the items are received, and payment within 24 hours of acceptance; you can choose direct deposit, PayPal or check.
SellYourGold.com has a 4½-star rating on Trustpilot. Its parent company, Beyond79 LLC, is an accredited business with the Better Business Bureau and has an A+ rating.
Online gold buyer: US Gold Buyers
US Gold Buyers is a quality gold buyer site that promotes high payouts for your gold coins, jewelry and other precious metals, as well as diamonds, watches and other fine jewelry. Rated A+ with the Better Business Bureau, US Gold Buyers was founded in 2013.
Online gold buyer: APMEX
APMEX is both a buyer and seller of precious metals. You may choose to sell your unwanted gold and silver, and invest in precious gold coins or bullion to take advantage of increasing gold prices — APMEX allows you to do the whole transaction with one company. APMEX, which stands for American Precious Metal Exchange, will also securely store your precious metal investments for a fee.
APMEX has been accredited with the Better Business Bureau since 2003 and has an A+ rating.
Online gold buyer: Kitco
Kitco is a giant in the gold and precious metals industry. Started in 1977, this Canadian company has a news agency focused on producing written and video content about the precious metals market — as well as a large buying and selling operation for gold, silver, palladium and rhodium.
The Kitco Index is one of the world's most widely recognized gold price indexes.
Kitco does not buy scrap gold, gold jewelry, or other scrap metal from individuals — but will do business with a business entity such as a pawn shop, estate broker, or jeweler.
Kitco will buy precious metal coins from individuals.
Online gold buyer: JM Bullion
JM Bullion is mostly a gold and silver coin seller, as well as a Gold IRA broker, with a large operation of product for sale on their website. JMBulllion.com does buy silver and gold coins, with a $1,000 shipment minimum. They have a Better Business Bureau rating of A+.
Online gold buyer: American Bullion
American Bullion will not buy your gold coins, jewelry or bullion, but rather help you convert an IRA, former 401(k) or other retirement investment into gold, silver, palladium and other precious metals.
American Bullion Inc. has been in business since 2009, and enjoys an A+ rating with the Better Business Bureau.
Online gold buyer: Goldco Precious Metals
Goldco is an American Bullion competitor that also helps customers convert their retirement investments into Gold IRAs and other precious metal IRAs. These are specialized investment vehicles that can provide a safe, long-term investment.
Goldco is accredited with the Better Business Bureau and has an A+ rating.
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.
Who buys gold near me?
Many local jewelers, pawnshops, and cash for gold buyers near you typically buy gold, coins and jewelry for cash. But with these local buyers, you are at the mercy of a single quote for your item — from someone who has to account for high rent for their retail store.
How does cash for gold work?
Whether you sell online or near you, cash-for-gold buyers work like this:
- You bring in your gold jewelry, coins or scrap.
- The buyer weighs your item and tells you what karat gold it is.
- The buyer offers you a price for your item.
- You take it or leave it.
What percentage does a cash for gold pay?
Each gold buyer offers you a different rate — which they may or may not disclose to you. In larger markets where there is more competition — including on the Internet! — cash for gold buyers may take just 3% to 5% on top of the spot price of gold that day.
How much is gold worth?
The value of your gold is based on the current market price of gold bullion, but considers several other factors. As of , the gold price in the USA was at a near-record price of $ per ounce, or $ per gram.
Gold prices have surged by more than 33% over the past 12 months — and 500% since 2000. When the economy and stocks are unstable, prices of gold historically rise. In other words: Now is an excellent time to sell your gold!
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, and the most valuable.
To give you an estimate, a gold dental crown will fetch prices between $40 and $100, depending on the gold market, and quality of gold. Selling a simple gold wedding band may bring $100 to $200, while a gold chain necklace (even a broken one), typically brings $70 to $250.
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 for 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 value of your item based on the karat of gold, and the weight in grams or ounces.
Check the price of gold here:
Scrap gold calculator
Similarly, CashforGoldUSA's online scrap 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.
Pricing gold today
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:
When should I sell my 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, invest in your retirement, 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!
Is now a good time to sell gold?
- 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.
Can you make money selling gold?
Historically, 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!
Should I sell my gold?
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.
When you should sell your gold jewelry, coins, scrap to CashforGoldUSA
Online gold and jewelry buyers may be able to offer a more competitive price, since they can operate from less expensive locations. Plus, it is easier to shop around to online gold buyers.
Thankfully, there are some quality gold buyers that will give you the top price for your gold, quickly, and in a way that ensures that you get the highest price possible.
Several years ago, in my jewelry box was a modest gold and diamond ring that a relative had given me when I married. By then, I'd been divorced for years. Time to go!
Those sites always seemed super-cheesy. But I researched this one.
CashforGoldUSA is the leading online site that is a place that buys gold and diamonds (as well as silver).
CashforGoldUSA.com is one of the oldest and most reliable companies that will buy your gold and diamonds for the highest price. CashforGoldUSA and CashforDiamondsUSA have 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.
This is my experience with CashforGoldUSA:
- I went to CashforGoldUSA.com and estimated the value of my ring using their gold and diamond calculator.
- The price seemed fair, so I requested a FedEx mailer be sent right to my door — and was picked up at my door, 100% free. You can also choose a USPS mailer. The shipment was insured up to $100,000 by Llyods of London.
- A few days later I received an email from CashforGoldUSA with an offer. I accepted.
- Within 24 hours I received the sum via PayPal. You can also choose a check or bank transfer.
CashforGoldUSA pays a 10% bonus above their estimate if you ship your item within 7 days.
The 12-carat gold ring with a couple of small diamonds fetched $159. That was more than 5 years ago when gold prices were lower, so I'd expect the offer to be higher today.
Here is how CashforGoldUSA works:
What is Cash for Gold?
“Cash for Gold” is a general business term for companies that will buy your gold jewelry, gold coins, and gold scrap for quick cash. These can be aligned with pawnshops. Today, there are a handful of online gold buyers that use the term “Cash for Gold” in their title and marketing.
CashforGoldUSA is a leader in this space, having bought gold online since 2004.
Is Cash for Gold USA legit?
In short: Yes, totally legit. CashforGoldUSA is very straight-forward to work with, have a great reputation with the Better Business Bureau, TrustPilot, and other online review sites, and in general are a reputable, reliable company with a very strong customer service policy. CashforGoldUSA is an Inc. 500 company.
I personally sold some gold and diamond jewelry to CashforGoldUSA and had a good experience, and felt I got a fair price.
What materials does CashforGoldUSA accept?
CashforGold and its sister sites accept jewelry and other materials made of gold, silver, palladium and platinum. That includes ALL CARATS of clasps, coins, gold or silver dental scrap, earrings, anklets, bracelets, brooches, chains, charms, gold solder, ingots, links, necklaces, nuggets, pendants, pins, rings, shot, watches & bands, gold and platinum wire Karats.
CashforGoldUSA accepts 8k, 9k, 10k, 14k, 15k, 18k, 22k, 24k gold.
The company welcomes broken jewelry and other items.
Can I get my jewelry or other gold back if the check is too low?
Does CashforGoldUSA buy dental scrap?
Yes. CJ Environmental has a website, CashforDentalScrap.com, where you can sell dental scrap. CashforGoldUSA will buy gold or silver crowns, bridges, PFM’s, PFG’s, inlays, and caps — with or without the bone or porcelain. All of the material is approved for shipping by OSHA, DHS and the EPA.
How much does Cash for Gold pay?
Check out the CashforGoldUSA's online calculator for an estimate of how much your metal scraps or jewelry are worth. If you are not satisfied with the sum they quote you, you can have your jewelry returned, free of charge.
CashforGoldUSA and CashforDiamondsUSA also pay a 10% bonus above the quoted price if you send your item in within 7 days.
There are some complaints filed online for CJ Environmental and its sites, CashforGoldUSA and CashforDiamonds. RipoffReport.com sited two complaints dating to 2009 — both of which the site addressed and closed. There are a number of complaints filed on the company's Better Business Bureau listing, but they are each addressed professionally. Apparently, there are still four outstanding complaints that the company has not resolved.
Note, CashforGoldUSA has nothing to do with the scandal- and lawsuit-embroiled Cash4Gold.
Why you shouldn’t sell your gold to CashforGoldUSA
Worthy is a great option if the diamond or other gemstones in your jewelry are significant enough to sell for more than $5,000 if your gold jewelry is name-brand (Tiffany, Cartier, Bulgari) and likely to sell for at least that sum, Worthy may be a better option.
Worthy has an A+ Better Business Bureau rating, has been featured in the New York Times, Forbes and Crain's New York. You can read about my Worthy selling experience here.
Worthy is one of the top sites for selling your jewelry, which includes estate, heirloom
Frequently asked questions about gold
Answers to commonly asked questions about gold prices, selling gold, and the history of investing in 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).
Check the latest price of gold with CashforGoldUSA's gold calculator.
How much is a gram of gold worth?
As of , a gram of pure, 24K gold was worth $ 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.
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 buyers
Gold buyers can seem mysterious and untrustworthy. There are quality places near you that buy gold of all kinds.
How much do gold buyers pay?
Gold buyers typically pay gold sellers based on the current spot gold price, plus any commission or fee that they want to make a profit. Sometimes you can negotiate the price the gold buyer offers to pay you.
How do gold buyers make money?
Gold buyers make money one of three ways:
- A gold buyer can buy your gold coins, jewelry or bullion, and then sell it to another buyer — either wholesale or retail buyer — for a higher price.
- A gold buyer may buy your broken or old jewelry, gold teeth or scrap gold and sell it to a smelter, who melts down the gold, extracting out the pure gold metal from the impurities and alloys, so it can be reused for other purposes.
- A gold buyer may choose to hold on to gold he or she buys, and resell it when the price of gold goes up.
Where to find gold and silver buyers near me?
You can find quality gold and silver buyers in our community through Yelp, word-of-mouth, a Google search, or your local chamber of commerce.
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 and where to sell gold bullion?
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. 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.
You can also browse eBay to see if you can find a comparable coin, to better understand the price you can expect.
As of , 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.
How and where to sell gold bullion
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 buillion can be sold the same as other scrap gold, including on reputable online sites like CashforGoldUSA.
A bar is better sold to a mint or local dealer.
Frequently asked questions about gold coins
Gold coins are either gold bullion coins, for investments, or rare coins, which can be made of any precious metal, and are often of historical significance.
How much is a gold dollar coin worth?
The market price of a gold dollar considers several factors, including purity of gold, rarity, weight and condition. Your gold dollar coin's price may vary from $200 to tens of thousands of dollars for rare, mint condition gold dollar coins.
CashForGoldUSA can help you estimate a fair price for your gold coin. The company buys all kinds of gold coins, whether gold bullion coins or collectibles like American Eagles, Canadian Maple Leafs, Austrian Ducats.
For a 1 ounce American Eagle the price is about $1,800.
How and where to sell gold coins
If you have gold bullion coins, or commonly held gold coins like the American Eagle, a site like CashforGoldUSA, a local jeweler or gold buyer is a fine choice. However, rare coins of any precious metal including silver are best sold through a rare coin buyer or rare coin dealer.
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 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. Unlike plated (also referred to as “electroplated” or “dipped”), gold-filled items are legally required to contain 5% gold by weight.
What is gold vermeil?
Gold Vermeil is sterling silver that has been gold-plated, typically with 22K to 24K gold.
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 is white gold?
White gold has a silver, or white metal look, and is an alloy of gold with nickel, platinum, or another metal.
Sell other precious metals
In addition to gold, there is a large market for other precious metals including silver, platinum, rhodium and palladium.
Silver is a naturally occurring white (or, well, silver) metal that is used to create jewelry, coins, and tableware or flatware. It’s also used extensively in electronics, due to its conductivity, and in pharmaceuticals, due to silver’s natural properties as an antibiotic.
Silver prices are reaching record hights, much like gold. A reputable place to sell your silver jewelry, silverware, coins and silver scrap is CashforSiliver, the sister site of CashforGoldUSA, which has an A+ Better Business Bureau rating, pays within 24 hours and guarantees the highest price, or will return your item with no questions, free of charge.
How much does silver sell for?
As with platinum and other precious metals, the price of silver can fluctuate widely. This is due to the fact that silver has two primary uses: As both a store of value and as an industrial commodity. While silver often trades in line with gold, its price can be sensitive to industrial demand, rising during times of economic prosperity and falling when consumer demand falls.
How much is silver worth?
Silver is worth however much a buyer is willing to pay for it. This price typically varies from day to day, week to week, and month to month as the demand for silver increases or decreases. When demand is up, silver is worth more; when demand is down, silver is worth less.
Value of silver today—check the price of silver
As of , Kitco silver prices closed at $15.19 per ounce, or roughly $0.49 per gram. This represents a more than 27% increase in price over the course of the last 30 days, and a 1.54% increase in price over the last year.
How much is silver bullion worth?
Silver bullion is silver that is in the form of either coins, bars, ingots, or rounds. Like all other silver, its value or price is determined by its weight.
How much is silver worth per gram?
As of , Kitco silver prices closed at $0.49 per gram. This represents a more than 27% increase in price over the course of the last 30 days, and a 1.54% increase in price over the last year.
How much is silver worth per ounce?
As of , Kitco silver prices closed at $15.19 per ounce. This represents a more than 27% increase in price over the course of the last 30 days, and a 1.54% increase in price over the last year.
Pricing silver today via a price for silver calculator
Do you currently own silver, whether in the form of jewelry, silverware, coins, or something else? So long as you know the weight (typically in ounces or grams) and the purity, you can use a silver price calculator that includes Kitco’s price for silver to determine the value of your silver.
Silver frequently asked questions
Below are some frequently asked questions about silver that can help you better understand whether you can and should sell your silver.
How to tell if silver is real
You can quickly determine if silver is real using a number of tests:
- Does it have a hallmark or stamp? Commercially-sold silver is legally required to carry these marks in most countries.
- Is the item magnetic? Silver is a non-magnetic metal, so if your magnet sticks then the item is likely not made from silver.
- Does it smell? Silver is an odorless metal, compared to others (like copper or iron) which can have a sometimes potent scent.
- Is it rusted? While silver will tarnish, it will not rust.
What are silver markings?
Silver markings, called stamps or hallmarks are small marks left in silver objects by the silversmith who created the item. They are typically required by law for commercially-sold silver goods. These marks indicate how much silver is in the metal (for example, 925 for sterling silver and 900 for coin silver). Sometimes, the markings may also indicate the region or country of origin.
How many grams are in an ounce of silver?
Silver is typically measured in something called a troy ounce, which is slightly heavier than a standard ounce (imperial ounce) used to measure a substance. This means that there are 31.10 grams of silver in a troy ounce, compared to 28.35 grams of silver in an imperial ounce.
How to sell your silver
Just as you might sell gold or platinum, you can sell silver in a number of ways. The most common of these is to bring your silver to a pawn shop, a silver exchange, a local jeweler, or by using an online website.
Before selling your silver to anyone, though, it’s important that you understand the current going price for the metal so that you will not be ripped off. Typically, you’ll never get the exact spot price (the buyer needs to be able to make money reselling it, after all), but you can shop around to find the buyer who is willing to give you as much as possible for your metal.
Can you make money selling silver?
No matter the price of silver, you are almost guaranteed to always be able to find a buyer who will be interested in giving you cash for your metal. This means that yes, you can always make money by selling your silver — though the actual profits depend on how much you paid for your silver, and what the current market price is.
When should I sell my silver?
In choosing when to sell your silver, timing is everything.
Silver prices rise when there is increased demand for the metal, either because investors are fleeing riskier investments (such as stocks) and seeking safer investments, or because consumers are purchasing more items that require silver components. Silver prices typically fall, on the other hand, when investors seek growth, or when consumers are purchasing fewer items made out of silver.
To get the most money for your silver, you should sell it when demand, and prices, are at their highest.
That said, if you have silver jewelry or flatware that you do not use or enjoy, selling it now for cash is better than those items cluttering your drawers. Money in hand now can be used to pay bills, invest, or otherwise enjoy.
Should I sell my silver?
The answer to this question is a personal one.
If the silver is in the form of a family heirloom, such as an antique or piece of jewelry, that you love and treasure and one day hope to pass on to your child, then you may want to think twice before selling it for cash. There are other ways that you can raise cash in a pinch if you need it.
If, on the other hand, the silver is in the form of broken jewelry, jewelry that you no longer wear or enjoy, or table/flatware that never sees the light of day, selling it can be a great way of removing clutter from your life and giving you cash that you can use to pay down your debt or start investing for your future.
How to sell silver jewelry
The easiest way to sell your silver jewelry would be to bring it to a silver exchange or to use an online service. These services will accept your jewelry and pay you based on the amount of silver that it contains—easy enough! They’ll then proceed to melt the jewelry down so that it can be repurposed.
Silver jewelry is often 92.5% silver (sterling silver).
If the jewelry is antique or unique in some way, though, it may hold more value in its current state than it would being melted down. A pawn shop, jewelry shop, or appraiser can help you understand if the piece holds more value than simply the value of its weight in silver.
How to sell silver flatware
Similar to jewelry (above), you can sell your silver flatware by either bringing it to a pawn shop, silver exchange, or leveraging an online buyer. Each of these buyers will pay you based on the purity and weight of the silver that you are exchanging; the purer and heavier your items, the more you will receive.
Silver flatware is often 90% silver, though that percentage can vary substantially. Silver-plated flatware will contain much less silver.
Again, though, it is worth noting that antique or collectible items may hold more value due to their craftsmanship or history. An appraiser or antique shop may be able to offer you guidance on this worth and may even purchase the items from you.
How and where to sell silver bullion
Silver bullion can be sold in the same places as silver jewelry, flatware, or coins. Pawn shops, silver exchanges, and online silver buyers like CashforGoldUSA will all gladly give you cash for your silver bullion.
Silver bullion is typically 99.9% pure silver.
How to sell silver coins
Silver coins can also be sold to pawn shops, silver exchanges, and online silver buyers, each of which will give you cash in exchange for your coins (based on the weight of the coin) and then proceed to melt them down.
Most silver coins contain 90% silver.
Collectible silver coins, especially those with historic value, may be worth more in their current state. If you believe that you may have a valuable silver coin, a coin shop or appraiser can help you understand the value of your coin before you sell it.
Common silver coins in the US that you may possess and choose to sell include:
- Morgan Dollars
- Peace Dollars
- Liberty Head (Barber) Half-Dollars
- Walking Liberty Half-Dollars
- Franklin Half-Dollars
- Kennedy Half-Dollars
- Liberty Head (Barber) Quarters
- Standing Liberty Quarters
- Washington Quarters
- Liberty Head (Barber) Dimes
- Winged Liberty Head (Mercury) Dimes
Where to sell your silver
CashforGoldUSA buys silver in all of its forms, including broken or damaged silver items; scrap silver silver bars, ingots, and bullion; silver flatware or tableware; silver coins; and silver jewelry.
Online silver buyer: CashforSilverUSA
CashforSilverUSA is a sister site of CashforGold. The sites accept all forms of silver, from coins and jewelry to scrap, bullion, ingots, bars, and more. Selling your silver to CashforSilver works like this:
- Visit the website and provide your contact information, including your address and email.
- They will send you a free FedEx shipping label that you can use to send your items in.
- Once they receive your items, the items will be appraised within 24 hours, at which point you will receive payment by check, Paypal, or bank wire.
If the amount is less than you expected, they will happily return the items to you and cancel payment free of charge. All you have to do is contact them within 10 business days of receiving the check.
Where is the best place to sell silver online?
Ultimately, the best place for you to sell your silver will depend on exactly what it is:
- A potentially valuable silver coin should be brought to a collector or coin shop for appraisal. You don’t want to melt down a priceless coin if you could get more by selling it to a collector!
- A silver antique should be brought to an appraiser or antique shop, for the same reason.
- Damaged or unused silver jewelry, flatware, or bullion, or other items should be sold to whoever will give you the most money for it. CashforGoldUSA is a site that I personally trust.
Platinum is a naturally occuring, silver-ish precious metal. In addition to being used for jewelry, platinum has many industrial applications because of its resistance to corrosion and other chemical reactions. It’s used in catalytic converters for automobiles, laboratory equipment, hard disk drives, anti-cancer drugs, turbine engines, and more.
Platinum is 30 times rarer than gold, and the total supply of platinum is about 8.1 million ounces in 2020, according to the U.S. Geological Survey. South Africa is the top producer of platinum, with a 72% share of mine production, followed by Russia with a 12% share.
Sell your platinum to CashforGoldUSA >>
How much does platinum sell for? What is the platinum price today?
The price of platinum can be extremely volatile, often soaring to twice the value of gold in good economic times and dropping below gold in bad times.
The London Bullion Market Association maintains the globally accepted benchmarks for all precious metals, including the LBMA Platinum Price.
Platinum spot price
The spot price for platinum is its value immediately after purchase. It’s determined by the trading of futures contracts, influenced by expectations of supply and demand, as well as Federal Reserve policies and other current events.
Platinum price for per ounce
As of mid April 2020, Kitco platinum prices were about $775 per ounce—up nearly 24% over the last month, but down more than 13% over the past year. At this price point, it was 54% less valuable than gold.
Platinum price per gram
As of mid April 2020, platinum was worth about $25 per gram—up nearly 24% over the previous month, but down more than 13% over the past year. At this price point, it was 54% less valuable than gold.
The change in platinum price can be extremely volatile. While the value of gold typically rises in times of economic uncertainty, the opposite is true of platinum. That’s because gold is considered a good store of value, making it a safe haven during recessionary periods. The demand for platinum, on the other hand, is more dependent on its industrial uses, which tends to be reduced in a slowing economy.
Sell platinum ring
When selling a platinum ring or other piece of jewelry, its weight is a major factor in determining price. Also consider the quality, whether there are any stones, and where it was originally purchased.
Sell platinum coins
Platinum coins are only produced by a few mints, including the U.S. Mint, which made just 40,000 of them in 2019. That rarity of type can add to the value of your coins. The age and condition of your coins also factor into their value. One-ounce 99.95 percent platinum coins currently listed in the U.S. Mint’s catalog were priced at $1,345 each mid-April, 2020.
Sell platinum scrap
Since platinum is widely used in industrial applications, you can find scraps in a variety of places. For example, you can remove the catalytic converter under any old cars you have access to and sell it as is for its scrap platinum. And you can sell broken jewelry, ring settings and other platinum jewelry scrap.
Where to sell platinum
CashforGoldUSA accepts all forms of platinum including platinum jewelry, platinum bars, platinum coins, platinum crucibles, platinum wire, and all forms of overstock material containing platinum.
Rhodium is a naturally occurring metal, found as a byproduct of mining platinum and nickle. Rhodium is used to small amounts prevent tarnishing for white gold jewelry, though its primary use is in manufacturing automotive catalytic converters, which control exhaust emissions.
The market for rhodium is only 1.1 million troy ounces — about 10% of the palladium market, 15% of the platinum market, and less than 1% of the of the gold market.
Is rhodium worth anything?
Rhodium is typically much more valuable than gold or platinum, thanks to its rarity and value in manufacturing vehicle and medical devices.
How much does rhodium sell for?
As of the first week of April 2020, rhodium was worth $7,000 per ounce — up nearly 250% from a year prior, and 340% more valuable than gold.
Where to sell rhodium
CashforGoldUSA.com buys all forms of scrap rhodium including rhodium bars, rhodium sponges, rhodium alloy wire, sheet, rods, foil, tube, mesh. CashforGoldUSA has an A+ Better Business Bureau rating and promises you will get paid within 24 hours.
Palladium is a white metal very similar in color and appearance to platinum. Though the majority of palladium is used as a component of catalytic converters in automobile exhaust systems, it is also used in jewelry such as rings and bracelets. Similarly, palladium can also be found in coin or bullion form.
Palladium is often used to create white gold as an alternative alloy to nickel.
Is a palladium ring worth anything?
In short: Yes! Because palladium is considered to be a precious metal, if you have a palladium ring, it is valuable. You can sell it much like you would another precious metal, such as gold, silver, or platinum.
While the value of your palladium ring will typically be tied to its level of purity, it is worth noting that many wedding bands made during World War Two were made out of palladium. This is because platinum had become a strategic resource at the time. As such, a palladium ring that dates back to that era may hold value as an antique, as well.
Exactly how much your palladium ring is worth will depend on a number of factors, including its level of purity. Most commonly, palladium jewelry will be 95% pure, and stamped with a 950 hallmark. It can also be found in 50% (500) or 99% (999) levels of purity.
How much does palladium sell for?
As of May 1, 2020, Kitco palladium prices closed at $1,820 per ounce, or roughly $58.51 per gram. This represents a roughly 16.5% decrease in price over the last 30 days, and a 37% increase in price in the last 12 months.
Is palladium easy to sell?
Palladium is just as easy to sell as other precious metals, like gold, silver, and platinum. If you are in a pinch for cash, and have unused, unworn, or broken palladium jewelry, selling it can be an excellent way of making some cash.
Where can I sell palladium near me?
Just like other precious metals, you have a number of options when it comes to selling your palladium. For example, you can bring your palladium to a jeweler, a pawn shop, or a precious metals exchange.
You can also sell your palladium through to an online buyer, such as CashforGoldUSA.
CashforGoldUSA accepts all forms of platinum including platinum jewelry, platinum bars, platinum coins, platinum crucibles, platinum wire, and all forms of overstock material containing platinum. Get an estimate for your platinum now >>
*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.
Wealthysinglemommy.com founder Emma Johnson is an award-winning business journalist, activist and author. A former Associated Press reporter and MSN Money columnist, Emma has appeared on CNBC, New York Times, Wall Street Journal, NPR, TIME, The Doctors, MONEY, O, The Oprah Magazine. Winner of Parents magazine’s “Best of the Web” and a New York Observer “Most Eligible New Yorker,” her #1 bestseller, The Kickass Single Mom (Penguin), was a New York Post Must Read. A popular speaker, Emma presented at the United Nations Summit for Gender Equality. Emma's Top Single Mom Resources.