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Where do you sell gold bullion?

Updated: 9/18/2023
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13y ago

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There are many different places you can go to sell precious metals. Since Gold is one of the most valuable metals out there you need to be cautious about where you go.

You can go to sites like Kitco.com to find out what the current melt price for scrap gold is. Keep in mind 24K is considered pure gold. When you go to sell your gold you won't get spot but shop around.

Each place is going to want to test it. Keep in mind that just cause the clasp or ring is stamped that it's 24K it may not. If they can't show you the acid test. Leave!

There are 3 basic places to goto sell your gold. Keep in mind prior to selling you must be 18+ and have a valid ID.

1) Coin shops - Ok I admit I'm bias but generally they pay more for not just scrap but gold & silver coins.

2) Jewelry store

3) Pawn shops - Generally due to the way they operate they don't pay much.

Several things to be aware of prior to selling. You get this information from the first place you go to and compare with other places.

How much does your gold weigh? Penny weight, grams & Ounces if applicable.

Is it 24K, 22K or 10K?

How much are they paying per... Penny weight, grams & Ounces if applicable?

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