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 Gold $1,832.50   $16.30  Silver $27.52   $0.09  Platinum $1,259.60   $-1.00  Palladium $2,938.00   $-25.40

Gold is one of the most recognizable precious metals on earth, and it has been for many centuries. It’s also often appreciated because of its stable value, which can be affected by many factors. Gold can be a smart investment, but it could also be a great way to get some cash for more immediate needs or priorities. This brings us to the topic of what to do if you have San Diego gold and bullion for sale.

Know What You Have

From bars and ingots to coins, collectables, and jewelry, there are many forms solid gold can take. Get started by taking stock of the gold you wish to sell. Do this by determining and documenting:

• All the gold items, bullion, or pieces you wish to part with
• The percentage of gold in each piece/item*
• The condition of your gold

*It’s especially important to know this with gold jewelry, since the percentage of gold can vary widely.

Knowing for sure what you have also reduces the risk of regretting your decision to sell later. For instance, you may have gold in a form that’s likely to increase in value if you hold on to it, or some of your gold may have sentimental value.

Don’t Sell in Haste

It’s not a good idea to sell your gold in haste. Instead, ask yourself why you’re selling your gold. Doing so allows you to be more careful with what you sell and who you sell to. You’ll also be in a better position to get a good price for your gold if you’re clear about your intentions and motivations before moving forward.

Get an Honest Third-Party Appraisal

If you’re not fully sure of the value of your gold, get it appraised. It’s best to have this done by an honest, impartial third party. A reputable precious metals firm should be able to provide documentation that shows the value of your gold. This information will come in handy when you get ready to sell your gold.

Explore Your Selling Options

Once you know what you’re actually selling and what it’s worth, the next step is to determine how you wish to sell your gold. The primary options are:

• Online marketplaces/platforms
• Pawnbrokers or coin dealers
• Companies that specialize in buying and selling precious metals
• The original source you purchased it from

If you go the online route, do some homework first. Make sure any platform you use to sell your gold provides some protections for sellers, such as confirming buyers have actually made payment. The potential problem with selling to pawnbrokers or coin dealers is that these types of in-person transactions don’t allow much room for negotiation.

If possible, consider going to the place where you purchased your gold. If they have a reasonable buyback policy, you may be able to get a fair offer for your gold. Another option is to go to a precious metals firm. The reputable ones will also be likely to give you a fair offer based on the current market value of your gold. 

If you’re looking for the best place to sell gold in San Diego, make sure to work with trustworthy precious metal dealers who offer high-quality service and have years of experience. Call on the industry-leading professionals at First National Bullion when you’re ready to buy or sell precious metals, including gold, silver, platinum, and palladium. Give us a call today at 858-666-6570.

The statements made in this blog are opinions, and past performance is not indicative of future returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same in cash value depending on a variety of factors. First National Bullion does not guarantee, and its website and employees make no representation, that any metals for sale will appreciate sufficiently to earn the customers a profit. The decision to buy, sell, or borrow precious metals and which precious metals to purchase, borrow, or sell are made at the customer’s sole discretion.

By |2021-04-14T23:57:05-07:00April 15th, 2021|Miscellaneous|0 Comments