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If you've got a supply of gold lying around in the forms of bars, coins, old jewelry and other scrap gold, you may be wondering whether it's worth your while to sell it. This guide on how to value gold online will introduce you to some of the websites you can use to help you discover the value of your spare gold.
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Disclaimer
The content in this page is not a substitute for professional financial advice. Please contact your financial adviser before using the information presented here.-
If you've got a supply of gold lying around in the forms of bars, coins, old jewelry and other scrap gold, you may be wondering whether it's worth your while to sell it. This guide on how to value gold online will introduce you to some of the websites you can use to help you discover the value of your spare gold.
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Introduction
Selling scrap, excess and/or unwanted gold can be a great way to make some money. If you're unfamiliar with the value of gold and wary of getting less than its worth, try using some of the online resources listed below to calculate how much your gold is worth. -
Step 1: Figure out What You've Got
If the gold you have is stamped, in the form of identifiable coins, or has already been appraised, you're one step ahead of the game. However, if you're unsure of the quality of your gold or how much of it you have, you may want to do some investigating before you start searching the web. To effectively value your gold, you should be aware of the purity (carat) of your gold as well as its weight. To find this out, you can either buy yourself a gold testing kit and scale, or seek out professional help to measure and identify your gold. -
Step 2: Go Online
- There are several websites which will help you value your gold, some of which are listed below:
- Monex.com offers live prices of gold bullion and some of the most common coins
- OnlyGold.com has price lists for gold bullion and dozens of gold coins. It also offers instructional guides and articles about buying and selling gold
- GoldPrice.com lists the current prices of several different weights of gold in 23 different currencies along with summaries of the auction activity of gold on eBay and charts that detail current and historical gold prices
- GoldTree.com lists their buying prices for various weights and carats of gold
- If you have scrap gold in the form of broken, old or unwanted jewelry, scrap gold websites, including ScrapGoldCash.com, GoldPawnShop.com, BrokenCold.com and ScrapGoldOnline.com, will send you a kit or ask you to fill out a form detailing your gold and then reply with a quote of how much they will pay
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Step 3: Compare
Gold prices are set twice daily by The London Gold Market Fixing Ltd. and most online gold pricing services base their price lists either directly on the market fixed price or offer a percentage of the fixed price to gold sellers. Different websites and buyers will offer varying prices, so to ensure that you are getting the best price for your gold, be aware of the fixed price and compare the prices offered at several different sites before selling. -
Conclusion
The Internet is a wealth of information on a myriad of subjects, one of which is the value of gold. Use the sites listed above or do some searching on your own to discover what your gold is worth, but be sure to check several resources to ensure the information you are getting is fair and correct.
