Three Steps to Get Cash for Your Old Gold

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Selling your old and unwanted gold and silver coins, jewelry, and other trinkets has never been easier. Selling these items allows you to clear out unwanted clutter and bring in a little extra cash for your savings account, an unexpected expense, or a fun purchase. If you are contemplating selling your gold and silver items but are intimidated by the process, relax and use the following tips to help you get through the process.

Gather Gold and Silver

First, go through your home and gather up all your old gold and silver jewelry. That ugly antique ring from grandma, your wedding set from your first not-so-great marriage, an old class ring, or a trinket from a former boyfriend are all great candidates to go in the pile. Gather up old coins and paper money if you have them—even foreign currency that is still in use. The best part about selling these items is that you don't have to be an expert. Just gather up what you have and let the experts tell you what the pieces are worth.

Locate a Local Gold and Silver Buyer

You can sell your items to a gold and silver buyer online. However, the process takes longer. If you sell in person to a local buyer, you can have the cash in hand within about 15 minutes as long as you provide a proper form of government-issued identification at the time of the transaction. If you are unsure where to go, look at reviews online or ask your friends and family members whether they have any experience in this area and can provide recommendations to you. Keep in mind that most gold and silver buyers are located at pawn shops; this should help you narrow down your search.

Sell Your Unwanted Gold and Silver

Most gold and silver buyers don't require appointments, and there is generally no waiting. Just walk into your chosen buyer's location, let them know why you are there, and let them guide you through the rest of the process. In general, the buyer will use a loupe to inspect your items and make sure they are authentic. Then your items will be weighed by category (i.e., 14-karat, 10-karat, and so forth). Then the buyer will calculate what your items are worth based on the day's gold and silver prices and make an offer for your items. If you accept, you can sign a receipt and walk out with instant cash!

Check out places like Desert Jewelry Mart & Coins to get some extra money in your pockets.