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How to Sell Gold for Money

If you have gold coins, jewellery, bullion or scrap that you no longer require, selling them could be a wise decision. It could help pay off debt, close on a home or fund your child’s education.

How do you decide where to sell gold in Perth? That depends on where you live, what kind of gold you have and if you plan on selling it online or offline.

Get an Estimate

Gold is one of the world’s most precious metals, used in countless items and as an investment vehicle for investors. If you’ve been given some jewellery or are selling gold coins from your collection, it is essential to know their value.

You can to sell gold estimate your gold’s value by weighing it, sorting by purity (or karat), and researching market prices. Afterward, multiply each item’s weight by its purity to find out how much each ounce is worth.

If you prefer, you can visit a precious metals dealer or coin shop to have your gold tested on-site. These establishments possess years of expertise when evaluating and purchasing gold, so they will give an accurate assessment of its worth.

Selling your gold for money can be a lucrative way to make extra income. But be sure to do your due diligence and search around for the best deal available. Receiving multiple offers helps avoid scams, plus it gives you the chance to bargain and secure a better deal.

Shop Around

Gold jewellery, coins or bullion can be sold for cash quickly if you do some research beforehand. But before selling your gold, make sure you shop around and do some due diligence; the value of these items may differ between buyers and sellers.

One of the best ways to shop around is by comparing prices. Take into account different companies offering to purchase your items as well as how much they pay you for them. This will give you an accurate idea of what price point works best for you.

Your gold is worth depending on a few factors, including its type and karats. Pure gold measures 24 karats, while most jewellery and other items contain various amounts of other metals combining to give 10 or more karats.

Calculating your gold’s value with a calculator is an accurate way to estimate its worth, but it’s also wise to sell at the right time. For instance, if you’re gold is becoming increasingly scarce or has been stored for some time, waiting before selling could be beneficial.

Do Your Research

When selling gold for money, it’s essential to do your due diligence and research the buyer. Make sure they have a good reputation, offer competitive prices and are secure in dealing with you.

One way to do this is by visiting estate sales, Craigslist and pawn shops. Here people sell their jewellery at often a fraction of its worth as they need the money for other expenses.

Be wary of opportunistic buyers who offer you far less than you should pay. Additionally, know the resale value of your jewellery before selling it anywhere so you can protect yourself from being taken advantage of.

Discover the resale value of your gold jewellery by getting an estimate from either a jewellery professional or gold buying service. Be sure to weigh each piece so you can receive an accurate price.

Don’t Be Afraid to Negotiate

Negotiating may sound intimidating, but it’s one of the most essential skills to possess. Negotiating allows you to look at a situation from different perspectives and find an amicable resolution that benefits all parties involved.

It’s also an invaluable opportunity to gain insight into your interests and how they might influence others. Ask yourself why a particular outcome is important to you, and ensure it aligns with your values.

Negotiating is likely to become simpler when you have a better grasp of your interests and how they may impact others. With this understanding, it will become much easier for you to obtain what you desire.


As with any negotiation, it’s essential to be willing to walk away if the offer doesn’t seem fair. This doesn’t mean you should give up on the deal completely; but rather that you demonstrate that you’re an adept negotiator and won’t accept an inadequate offer.

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