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Searching for the best place to “sell gold near me?” What you should know first

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Gold prices have dropped 20% since the record high in March, and experts think they could fall further. That might mean now is a good time to sell your gold jewelry, coins, scrap or bullion — or you may choose to wait until next year or later in hope prices will inch up.

As of , the spot gold value in the United States was trading at $ per ounce, or $ per gram. 

  • Where you sell your gold can depend on several factors:
  • Price a gold buyer will pay
  • Speed
  • Convenience
  • Comfort — do you trust the gold buyer to be legit?
  • Privacy — is it embarrassing for others to see you walking into the gold buyer location?

Increasingly, as online gold buyers improve their processes and earn the trust of the public, online can offer higher payouts thanks to bulk business and lower overhead. Plus, online gold buyers offer privacy and convenience since you can typically complete the transaction 100% from home.

Online gold buyer CashforGoldUSA has an A+ Better Business Bureau rating, buy all weight and quality of gold and diamonds, and pay in as little as 24 hours — making it our top recommendation.

7 places where to sell gold “near me”

From your phone or desktop, you can find the following locations, typically in your community, through Google, Yelp, Bing etc., for selling gold near you.

Of course, there will be many more options in urban, vs rural communities, but everyone has access to online gold buyers, and reputable ones will send you a free overnight FedEx or USPS mailer to collect your gold.

1. Search for local gold buyers “near me”

Look up gold buyers, a search for which can include listing and ads for local and national pawn shops, jewelry stores, and online gold buyers.

2. Search for cash for gold businesses “near me”

Cash for gold businesses have a reputation for paying out poorly, but can be convenient and fast.

3. Search for pawn shops “near me”

Pawnshops have a reputation for offering you pennies on the dollar for your item, but there are many quality pawnbrokers in many communities. Ask around for a recommendation and read online reviews, including at the Better Business Bureau and Yelp.

4. Search for coin dealers “near me”

If you have garden-variety gold or silver coins, you can sell them for scrap value at a jewelry store, cash-for-gold location or online gold buyer. If you have a rare coin or coin collection or one of these coins worth money, it may be worth it to get a quote or valuation from a coin dealer near you.

5. Search for antique stores “near me”

Similarly, an antique dealer may be able to tell you about your gold coin, or gold jewelry and whether it is worth it to sell it as-is, or just look for the highest price offered through a gold buyer. An antique dealer can help you understand the value of your estate jewelry.

6. Search for jewelry stores “near me”

Jewelry stores often buy gold, or may give you credit toward a purchase in the store. Many people have long-term relationships with a local jeweler, and may have bought and sold gold, diamonds or other jewelry or metals through a local location. Jewelers can also offer you an appraisal. If you are worried about being seen walking into a pawnshop or cash-for-gold location, it may seem less shameful to walk into a reputable jeweler — but then you may worry about what that jeweler thinks of your need to sell your gold.

7. Search for gold recyclers “near me”

A gold recycler is typically the same thing as a cash-for-gold buyer or serves as a quick sale for your gold.

3 reasons you would choose to sell gold “near me”

Reason 1: Convenience

Driving down the road to a gold buyer who pays you quickly in cash can be incredibly fast and convenient — which is especially valuable if you need money quickly

Reason 2: Relationship

Whether you have a gold buyer you know, or one who has a reputation amongst your friends and neighbors, it can feel safe to sell your gold to someone you know and lives in your community

Reason 3: Trust

If you know and trust a gold buyer to give you the best possible price, privately, then go for it!

What you should do before you sell

Regardless of where you decide to sell your gold, understand what you have, current gold prices, and how the process works.

Understand gold prices before looking where to sell gold “near me”

Gold prices go up and down throughout the day, week and year.

As of , the spot gold value in the United States was trading at $ per ounce, or $ per gram. 

Know what to expect when you try to sell to places that buy gold “near me”

Understand the value of your gold by translating the metals stamps on your jewelry or coins. You may also need to understand the difference between white and yellow gold.

Understanding the karat and weight of your gold and today's gold price will help you negotiate the best price paid for your gold. A gold buyer will offer you a price minus their commission. You can and should negotiate for as much as you can.

Is it safe to sell gold to local buyers?

There are many quality local and online gold buyers. Do your homework, ask around, and accept only a price you feel comfortable with.

Where you could sell gold online

Selling online vs locally can have some advantages:

  • Top online gold buyers will send you a free FedEx or USPS mailer — or one you can print at home, and have picked up locally — for maximum convenience
  • Unlike local gold buyers, top online buyers will have thousands of customer reviews and ratings from BBB, etc., to give you a truer sense of the quality of business
  • Very private and anonymous — your neighbor won't see you walking into a pawnshop when you sell online
  • Large online gold buyers are well positioned to offer you a high price, thanks to their bulk business and low overhead — unlike local brick-and-mortar retailers
  • If you know the weight and karat of your gold, you can get online or phone quotes from multiple online gold buyers without leaving the house

CashforGold USA

CashforGoldUSA.com is our recommended gold buyer for these reasons:

  • CashforGoldUSA pays within 24 hours
  • Better Business Bureau A+ rating
  • CashforGoldUSA buys all weight and quality of gold — no minimum, including dental gold and scrap gold
  • Also buys all diamonds, silver flatware, luxury watches and gemstones
  • Price-match guarantee
  • Free return guarantee
  • Insured up to $100,000
  • 10% bonus if you ship within 7 days
  • Family business established 2005
  • Get a quote with CashforGoldUSA now >>

Or, read our CashforGoldUSA review.

Other gold buyers online

There are many other online gold buyers. Some have a minimum, others require you share a government ID before selling and all have their own processes.

Bottom line: Do your research before you decide to sell to gold places “near me”

Buying and selling gold is an ancient practice — there are many quality gold buyers both near you and online.

Get a quote with CashforGoldUSA now >>

Is it safe to sell gold to local buyers?

There are many quality local and online gold buyers. Do your homework, ask around, and accept only a price you feel comfortable with.

Wealthysinglemommy.com founder Emma Johnson is an award-winning business journalist, activist, author and expert. A former Associated Press reporter and MSN Money columnist, Emma has appeared on CNBC, New York Times, Wall Street Journal, NPR, TIME, The Doctors, Elle, 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. As an expert on divorce and gender, Emma presented at the United Nations Summit for Gender Equality and multiple state legislature hearings. More about Emma's credentials.

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