When you get ready to liquidate precious metals for cash, you’re probably ready to sell gold and silver that you’ve accumulated. While this is an important and intricate process, it isn’t complex. If you follow some common sense rules along with industry protocols, you can safely sell gold and silver for a very reasonable price.
It is typically recommended that you don’t do this in person as it carries too much risk. Furthermore, you’ll likely get a better price point from a reputable online precious metals dealer who has an established process for buying these precious commodities.
You don’t want to sell gold and silver to just anyone. Exercising caution is the best way to mitigate risk and ensure you make a profitable transaction that goes smoothly.
Here’s the best way to sell these precious commodities.
Use a Reputable Online Precious Metals Dealer
Once you have chosen a reputable online precious metals dealer, you’ll need to look through their website or contact them. Most above-board dealers have their protocols posted on their websites along with a product catalog of the gold and silver they purchase and the current spot price.
Most gold and silver are purchased at the current spot price which is determined by the Commodities Exchange (COMEX). Remember, the price of precious metals fluctuates often so you’ll want to carefully choose your time to sell. Selling at the right time can significantly improve the value of your commodities and earn you more money.
Mailing Label Price Lock
Remember, the price of precious metals changes often. Once you are quoted a price for your goods, you’ll want to move through the process immediately to lock your price. You’ll need to clearly identify the items being sold and verify your identity. When your mailing label is created, your payout price is locked, but you’ll only have 48 hours to pack your box.
You’ll also want to ensure you follow the precise packing instructions to preserve the value of the goods you are selling. Improperly packaging your items can leave them vulnerable to damage during shipping, and then you may not get the full amount you were quoted. A reputable online precious metals dealer who is buying your commodities will guide you through the appropriate packing process.
Getting Started
When you have precious gold and silver to sell, there is a process to follow, even when selling to an online precious metals dealer. You’ll need your government-issued identification and a digital camera or phone which takes really good pictures. The precious metals dealer often wants to see photos of the goods you are selling before an agreement is reached. You’ll also need a blank check or your routing and account number to secure payment. It helps to have these things gathered along with shipping materials before starting the process.
It’s Easy to Sell Gold and Silver
It’s easy to sell gold and silver if you follow the process and work with a reliable online precious metals dealer who has an established process and a great reputation in the industry. Simply gather your items and take some pictures, then tell them what you want to sell. Once you’ve reached an agreement, they’ll guide you through properly packing your items for shipping. When you create a mailing label, your price is locked and will not fluctuate any longer. You’ll have 48 hours to ship your items. Payment is secured as soon as the items are received and inspected. Before you know it, you’ll have extra funds in your bank account. If you are looking to liquidate some of your precious metals, you can sell gold and silver for a reasonable price today.