Where to Sell Gold in Toronto
Selling gold in Toronto has never been easier. You have to know where to go to sell your gold and not get burned. Do your research before you go out to sell your gold at the first opportunity. Once you sell your gold, the three main factors you must consider are cost, convenience, and security.
What to do Before You Sell Your Gold
First, shop around before you choose where to sell gold. Take your gold to pawn shops and jewelery buyers to get appraisals and estimates. This should give you a solid base price before you go sell your gold. Go to at least three or four establishments to compare prices.
Beware of pop-up gold buyers. They may come through town, collecting all the gold jewelry and gold coins they can get their hands on, and leave the sellers underpaid. Many will offer prices well below legitimate appraisal values.
When it comes to selling your gold online, read the terms and conditions carefully and browse several buyers before moving forward with making any choices.
Gold Seller Beware: Pay Close Attention to the Sellers and the Scales
Before selling your gold for scrap, make sure you can’t get a better price for it in its current form.
Gold and silver coins generally retain value through resale. The retail market for gold coins is generally quite active – more so than bars or jewelry – so there is almost always a buyer.
Selling gold and silver bars can provide a good return. They generally have a high resale value, especially if they come with a seal from a reputable mint. These seals present lower risk to bullion bar purchases.
Selling gold and silver jewelry generally provides lower resale value compared to gold coins or gold bars. Most jewelry today includes an alloy, so a refiner has to melt it down and refine it. This additional labor translates to lower resale prices when you sell your gold jewelry.
How to Sell Your Gold Online
Selling your gold online is one of the safest methods of selling gold. Online dealers have business systems in place as well as proven track records. On the whole, online gold buyers typically offer better prices than local coin shops. Operating expense for online entities are generally lower so they can pass down overhead savings to better offers for gold sellers.
You can sell your gold on eBay, but buyers generally won’t offer you what you might expect form an authorized dealer. Buyers on markets like eBay are wary of frauds. Sites like eBay also have a high final value fee that must be paid after your item is sold.
When you sell your gold to an online dealer like Gold24 Canada by requesting our Mail-In Gold Pack, you can generally make an agreement with quantity and price over the phone. You should receive a FREE package plus your order number, a packing slip, and an address to ship the goods to. Once you safely ship the goods, we will inspect and verify the items. finally, we will issue your payment. For payment we typically send a check or send a bank wire transfer.
If you are in Toronto and looking for some fast cash, just come and see us. We are conveniently located downtown Toronto.