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How Can You Sell Your Gold?

Jewels and gold coins

Nowadays, gold continues to be one of the best investments you can make. It retains its value very well, and you'd be hard-pressed not to find someone who would purchase it from you. But if you are new to this game, how do you sell your gold the right way?

All types of gold, whether you have bullion or old gold jewelry, are highly sought after by any gold collector. Keep reading as we discuss how you can sell your gold collection.

Make Sure to Sell Your Gold When the Price Is High

Generally speaking, the price of gold products does go up steadily over time. It is one of the few things in this world that appreciates through economic crises and political upheaval. That said, it is prone to the occasional dips and spikes that one might see in any market.

Find an online index that you trust and keep track of the price over time. Read gold-related news as well. You may learn that selling your gold at the current moment is not advisable due to a dip.

Get the Help of an Appraiser

Whether you need an appraisal of your bullion or your jewelry this is a helpful step to determine the value of your gold collection. The problem is, gold is not always pure. Gold's value depends on both its purity and the form it takes (i.e. pure bullion or mixed metal jewelry)

Your appraiser will charge you a small fee to do so. In some cases, you will mail it to them, but it's best if you go in person. An appraisal won't take longer than a few minutes.

If you are concerned about them stealing your gold, don't worry; appraisers operate by a strict standard of ethics. That said, make sure to only visit a credentialed institution. Don't just take your gold to any pawnshop.

Shop Around for a Buyer

There are a lot of people who would like to purchase your gold! Some of these will be individuals, but the majority will be businesses that specialize in it.

It's a good idea to explore all of your options before you settle on a final offer. For all you know, you could get a considerably larger return with another person down the street. You can even use offers that you have received to haggle for more.

Understand that you won't get the current value of gold when you sell. The gold collector who purchases your gold has their own operating costs, and that factors into their offer. However, you can still fetch a pretty penny for anything that has gold content.

Sell Your Gold With Le Lion d'Or

A lot has changed in recent years, but the value of gold only keeps going up. If you sell your gold, make sure not to do so during a dip in the price. Get an appraiser to evaluate your gold, and then shop around for the perfect buyer.

You can sell your gold quickly and easily with Le Lion D'or in Montreal. We give you cash for any gold that you might have. Sell to us, whether your gold comes in the form of jewelry, bars and coins.


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