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How and where to sell gold for the most cash in 2022

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Inflation destroying your budget?

Need cash?

If you have old gold jewelry, gold coins, dental or scrap gold that you'd like to get rid of, you have several options for selling gold. 

Here are some resources if you need more information on the best gold buyers, as well as if you prefer to sell your gold in-person.

Below is an overview for how to sell gold and also a look at the best ways to sell gold, including our No. 1 recommendation CashforGoldUSA, which pays within 24 hours and has an A+ rating with the BBB. No minimum value.

This article explains how to find a gold buyer that you trust won’t rip you off:

How to sell gold in 4 easy steps

1. Check the markings and understand the value of your gold

Gold is often an alloy, so a mix of gold with other metals.

Real gold will not float, and will not rust. Drop your gold into a glass of water. If it floats, it's fake.

Purity marks on gold tell you the percentage of pure gold vs the amount of other metals mixed in the alloy. 

Pure gold is 24 karat, and will be marked 24K — with “K” the abbreviation for karats.

These are the karat markings on gold jewelry, and the purity of gold they represent.

A piece of gold jewelry or gold coin with an etching or stamp or hallmark that reads “18K” or “750” indicates that it is made up of 75% gold, while a “14K” or “585” mark means the metal is made up of 58.5% gold. This stamp is typically either a karat number, such as 18K, or 12K, in the shape of a rectangle with the corners cut off, and with a number inside. Here's a guide to deciphering the symbols stamped on jewelry.

Bracelet shows symbols stamped on jewelry.

Amount of gold per karat in yellow gold, assuming a price of $1,700 per troy ounce:

StampPurity% goldSpot price
99924 karat99.9% $1,635.40
99022 karat99%$1,482.00
75018 karat75% $1,220.60
58514 karat58.3% $941.80
3759 karat37.5%$680.00

A piece of gold jewelry or gold coin with an etching or stamp or hallmark that reads “18K” or “750” indicates that it is made up of 75% gold, while a “14K” or “585” mark means the metal is made up of 58.5% gold. More on selling gold coins here.

Gold bars and gold bullion are nearly always 24K gold.

Here's a guide to deciphering the symbols stamped on jewelry.

CashforGoldUSA display ad

2. Check the price of gold

As of , the spot gold value in the United States was at $ per ounce, or $ per gram, down from the record high of $2,074.60 per ounce on March 8, 2022. 

Analysts predict that interest rate increases will continue to jack up bond rates (another investment safe haven) making gold less attractive to investors and keeping gold prices low throughout the year at least.

You can get an estimate for the price of your gold with CashforGoldUSA's gold calculator, which factors in the current price of gold, before the gold buyer's commission:

Gold calculator from CashforGoldUSA.

You can also find historical gold prices at Kitco.com.

However, it may be futile to try to time the market and sell gold high. Cash in hand today is worth much more than waiting a few weeks or months to see if the price increases a little.

3. Find a reputable buyer

Look to Better Business Bureau, Trustpilot and Yelp reviews for selling gold locally, google the company name and look for lawsuits or negative press, and ask around to friends and neighbors you trust.

4. Get more than one offer

Just like with other financial transactions, it is always helpful to get more than one offer. You can shop your gold around to various pawnshops, jewelry stores, cash for gold locations in your town. You can also get quotes online or by mailing your gold item in to multiple online buyers — as long as they offer free, trackable and insured shipping both ways.

Based on our analysis of online reviews, media reports and selling features, we recommend CashforGoldUSA.com for selling your gold.

Best place to sell gold and gold jewelry: CashforGoldUSA.com

CashforGoldUSA is the best place to sell your gold — it's a legitimate, reputable online gold buyer for selling gold jewelry, coins, and scrap gold that is also one of the oldest in the business.

  • Pay within 24 hours
  • A+ Better Business Bureau rating.
  • 100% free door-to-door free, trackable FedEx or USPS shipping
  • No minimum value (other gold buyers only work with shipments of $1,000+)
  • Free Jewelers’ Mutual insurance up to $100,000 on each shipment
  • CashforGoldUSA's facility insured by Lloyds of London
  • Guaranteed highest price for your gold, coins and diamonds—free insured returns if you are not happy with the price offered or service
  • Paid out millions of dollars to sellers since being founded in 2005
  • Also buys all diamonds, silver flatware, and scrap gold and silver

CashforGoldUSA pays a 10% bonus above estimated resale value for items shipped within 7 days.

Get started selling your gold with CashforGoldUSA now >>

Real customers’ feedback about Cash for Gold USA:

Screenshot of Trustpilot customer reviews of Cash for Gold USA

More in our CashforGoldUSA review.

Other ways to sell gold “near me” and online

  1. Online gold buyers
  2. Local gold buyers
  3. Local cash for gold businesses
  4. Pawn shops 
  5. Coin dealers
  6. Jewelry stores
  7. Antique stores
  8. Gold recyclers

While there are many reputable local businesses that can give you an honest gold resale price for your gold jewelry, gold coins, gold nuggets, watch, gold bullion or dental gold, selling your gold online with a reputable business is usually the best way to sell gold.

Using an online gold buyer is advantageous because:

  1. Selling gold online is much more convenient and private than driving around to area businesses near you.
  2. 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.
  3. 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 gold coins as well as jewelry, so you’ll be paid for the metal value rather than a coin’s face value, or related to the retail price of the jewelry.

CashforGoldUSA display ad

Online gold buyers can 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 >>

Those we considered when deciding on the “best” included:

  • Liberty Gold and Silver
  • Luriya
  • Money Metals Exchange
  • SellYourGold.com
  • US Gold Buyers
  • APMEX
  • Kitco
  • 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
  • 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

¿Hablas español? Dónde venta de oro

Gold price FAQs

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? What causes the price of gold to go up?

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. Typically, gold has been considered a safe investment, so when there is a lot of volatility in the economy or stock market, investors tend to favor gold, and gold prices have gone up

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

However, 2022 has been an unusual year for gold prices. The stock market has gone down and the economy overall has been turbulent — and after hitting an all-time high in March, 2022 on fears of affects of the war in Ukraine, gold prices have gone down, and stayed there.

Reasons include the fact that interest rates have increased, which means that bond and treasury notes are strong, so investors are parking their money in those investments as opposed to gold. Also, Federal interest rate increases pushed the U.S. dollar to a new two-decade high, up 16% this year, making it more expensive to buy gold from outside the United States — pushing gold prices down.

This video explains more about falling gold prices:

Selling gold FAQs

You probably have a lot of questions or concerns about selling gold. Here are our honest answers to try to help you get the most cash for gold:

How much does gold sell for?

Ultimately, gold sells for what someone will pay for it. Depending on whether you sell or pawn, online or offline, you’ll have to negotiate.

Is now a good time to sell gold?

As of , the spot gold value in the United States was at $ per ounce, or $ per gram, down from the record high of $2,074.60 per ounce on March 8, 2022. 

If you have gold jewelry, coins, gold scrap or other gold items that you do not use, or do not enjoy, then selling your gold means it can be used to pay down debt, take a vacation, go towards a down payment 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.

Also, it may make sense to sell your gold, and buy stocks or an index fund to take advantage of the down stock market.

Learn more at CashforGoldUSA >>

Can you make money selling gold?

Gold has been one of the best investments over the long-term. Since gold is now low, so you may want to hold, or you may chose to sell your gold before prices go lower.

How much do you get for selling gold?

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 — including details about selling a diamond ring.

Is it safe to sell gold online?

Reputable gold buyers guarantee safety through trackable shipping and coverage through reputable insurers. CashforGoldUSA insures all shipments up to $100,000 through Jewelers’ Mutual insurance, and you can track your package from door-to-door through a FedEx or USPS tracking number — all free.

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.

Bottom line: What is the best way to get cash for gold?

Cash is king. Sell your gold to a reputable company that specializes in buying gold and pays you the most money in cash.


*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.


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.

What are gold futures?

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.

What causes the price of gold to go up?

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.

How much does gold sell for?

Ultimately, gold sells for what someone will pay for it. Depending on whether you sell or pawn, online or offline, you’ll have to negotiate.

Is now a good time to sell gold?

If you have gold jewelry, coins, gold scrap or other gold items that you do not use, or do not enjoy, then selling your gold means it can be used to pay down debt, take a vacation, go towards a down payment of a house or other useful purposes.

Can you make money selling gold?

Gold has been one of the best investments over the long-term. Since gold is now low, so you may want to hold, or you may chose to sell your gold before prices go lower.

How much do you get for selling gold?

At the current scrap gold rates, a typical wedding band will bring you between $100 and $300, depending on the weight and karat.

Is it safe to sell gold online?

Reputable gold buyers guarantee safety through trackable shipping and coverage through reputable insurers.

What is the best way to sell gold?

While there are certainly reputable local jewelers who can give you an honest gold resale price for your jewelry, coins, bullion or other items, selling your gold online with a reputable, online gold-buying business is convenient and should give you the most cash.

What is the best way to get cash for gold?

Sell your gold to a reputable company that specializes in buying gold and pays you the most money in cash.

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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.

11 Comments

The best place to sell your gold is online. But before selling its advisable to do research on current market price to get the best for your gold

How do I measure how much my gold weighs before I send it? What % does the company keep of the sale?

If you choose to try an online jewelry or gold buyer, check its reputation with the Better Business Bureau. Also read the fine print of its website so you understand what you’re getting into. Look for things like how much time you have to respond to an offer before the buyer considers it a done deal and how long it will take for the buyer to pay you. Take photos of your jewelry before shipping it. And send it insured with a delivery method that proves the company received it.

I have a collection of Bradford and other exchange purchased commemorative gold, silver and platinum coins that a relative left me when she died. How do you sell these? Also in the collection are 5 St. Gaudens $10 gold coins of various dates. From my research, these do not seem rare so I guess a melt value makes sense. Any thoughts?

I liked that you mentioned that gold coin bullion can be sold the same as other scrap gold and a bar is better sold to a local dealer. My aunt has a lot of coins and other gold and silver bullions that she wants to get rid of or sell. I’ll be sure to share this article with her so she can get the right price for each of her gold.

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