sell gold in va
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It's easy to sell gold in Virginia. In fact, there are literally thousands of places that will gladly exchange your gold coins, dental gold, old jewelry or any other scrap gold you have for easily-spendable American dollars.Don't be in too much of a hurry to sell your old gold coins that were minted for general circulation. Many of these coins carry a high collectible value that far exceeds the value of their gold content. Old gold coins that were minted for general circulation should be appraised by a reputable coin dealer or auction house prior to making any sale.
Things You'll Need
- Phone Book
- Pocket Calculator
Instructions
Selling Gold in Virginia
1
Determine if your coins have any collectible value. Please see additional resources below to determine if your coins have any collectible value. If your coins are old--especially those minted prior to 1935--and were minted for general circulation, then be sure to check out their potential numismatic value before selling.
2
Compare prices being paid for South African Krugerrands and Canadian Maple Leaf coins at both local coin dealers as well as at bullion dealers. Krugerrands and Maple Leaf coins are easy for buyers to price. Ask buyers what their discount is off of the current spot gold price for these coins in order to be able to more easily compare the prices being offered by different local dealers. The buyer with the smallest discount off of the current spot price for gold is your best bet for the best possible price.
3
Check prices being offered over the Internet. There are literally hundreds of Internet buyers for gold. Again, ask what their discount is off of the current spot gold price for easy price comparisons.
4
Compare prices being offered for non-coin gold, such a old jewelry, dental gold, gold bullion and other types of scrap gold. Call local pawn shops, bullion dealers and coin shops. Ask what their discount is off of the current spot price for gold in order to more easily compare prices. Remember that gold is sold by the ounce and that pure gold--24-karat gold--demands a far greater price than 14-karat gold.
5
Sell to the highest bidder. The highest bidder is the buyer with the smallest discount off of the current spot price for gold.
Tips &- Warnings
Be extremely cautious when selling gold to a private party. Do NOT invite a private buyer to your home. Arrange to meet at a local coin dealer's shop.
Insist on payment in cash from any private party. Checks--even certified checks or cashier's checks--are not acceptable since these checks are routinely forged using computers and scanners.
Tags: current spot, discount current, discount current spot, prices being, being offeredSource: www.ehow.com
