Sell Gold Online Versus Sell Gold Locally
Contents:
- Drawbacks of selling gold locally
- Sell gold in online auctions
- It’s time to sell gold online
- Analysis report specimen
Contents:
- What’s important for selling
- Gold selling FAQs
- Online versus local
- Scrap gold photos
Sell your gold online with reDollar.com – the modern way to turn any kind of gold into dollars. With us, you can expect to get paid the highest prices. We pledge that no money will be left on the table. How can this work? reDollar is a company that specializes in precious metal trading. We are proud to own an outstanding gold lab operated by experts we call our “gold geniuses.” In addition, we have the latest technology like fluorescence measuring systems and ultrasonic machines in use, allowing us to determine your gold’s purity with the highest possible accuracy. We determine and pay for even the tiniest pieces you deliver. “Transparent and beneficial like a bank” is our slogan, and because there is no risk for you in selling us your gold, we can offer you almost the spot price. Our equipment is worth tens of thousands of dollars and represents the most important difference between our company and the gold buyers next door. Almost no local gold dealer is able to afford these machines, and without such equipment, precision is not achievable. To sum up and to give you an example, for gold worth $10, we are able to pay you up to $9.50. Isn’t that a great deal?
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NOW, SELL GOLD ONLINE
SELL GOLD USING OUR CALCULATOR
Our gold calculator is a great tool to pre-calculate your payout amount for gold, silver, platinum, and palladium. Click here to calculate how much money you’ll get paid and to get started with the selling process. It’s super easy and convenient.
SELL GOLD WITHOUT CALCULATOR
You can sell your gold as easily as 1-2-3 without using our gold calculator and without knowing much about the gold you own. Click Start Now, fill out our simple selling form, mail in your assets, and agree to our payout offer to get your money instantly.
SCRAP GOLD
JEWELRY
BRACELETS
RINGS
WATCHES
BROOCHES
Better not to sell gold locally
Going from one local store to another hunting for a good buyer can be frustrating and exhausting. Whether you go to the mall, to a pawnshop, or a jeweler, trying to sell locally might find you nothing but rude staff, low quotes, and questionable methods of validation. Your only real gain from a long day of comparing potential buyers is the knowledge that you can´t trust any one of those dealers. But how do you sell gold if local stores are not an option? And why are they offering such low quotes and providing so little transparency in the process? First, you have to learn that reliable gold dealers like reDollar.com do exist, so not all buyers are bad or untrustworthy! It really depends on where you go. Our company, for example, offers the highest prices for your gold, yet we still make money. So how can we offer more cash than most local dealers and still stay in business? It´s a simple explanation: we don´t run a high-rent mall store with expensive overhead that serves only a few customers a day. We are an online-based company like Amazon or eBay running a centralized gold-buying headquarters for the entire US. We serve thousands of customers, allowing us to run our operation on small margins. All the gold and other assets we buy get processed in our headquarters laboratory no matter if they come from New York, Hawaii, or Alaska. Our company was not created to run countless gold-buying stores or pawn-shops paying high rent and employing hundreds of customer service representatives. All these costs would cut the amount of money we are able to offer you for your gold. Since we don’t have these costs, reDollar can pay you more cash for your gold than a local gold-buying store. Sell your gold to us and you’re sure to become another very satisfied customer. Don’t wait any longer. This is the deal you’ve been looking for, so don’t wait any longer! Click here to sell your gold online for the highest prices available.
Is it a good choice to sell gold via an online auction?
Many folks assume taking a photo and providing a brief item description leads to a successful sale in an online auction. The truth is, you’re very likely to you lose money if you auction your gold, which we can say with confidence because we did an extensive investigation and therefore have proof in the results. Most scrap gold sells for almost the spot price in an online auction, BUT you get charged a 10% selling fee and if PayPal is involved, you can take off another 2.9% of the amount your item sells for. And those fees are only the costs you can budget. Now, imagine that you’r item doesn’t achieve the spot price in your auction – because that is what happens very often! We tried it; our expert’s mission was to track gold and silver auctions on eBay. And guess what? We bid and won some gold auctions where the sellers lost money. Here are the results of our study on selling gold in an auction:
| Test | Case 1 | Case 2 | Case 3 | Case 4 |
| Item | gold ring | gold cross | gold ring | pendant |
| Purity | 10K gold | 10K gold | 14K gold | 14K gold |
| Weight | 4.26 grams | 3.55 grams | 6.88 grams | 2.11 grams |
| Winning bid | $60.99 | $49.00 | $140.00 | $39.00 |
| Payout after fees | $53.13 | $42.68 | $121.94 | $33.97 |
| reDollar payout | $66.03 | $54.79 | $149.71 | $43.85 |
| Seller’s loss ($) | $12.90 | $12.11 | $27.77 | $9.88 |
| Seller’s loss (%) | 19.53% | 22.10% | 18.54% | 22.53% |
Case 1: We’ve bought a 10 karat gold ring on eBay. We paid $60.99, which was still less than the ring’s material value. The ring’s real value was $66.03 (April 2017). The total $7.86 selling fee plus the fact that the gold ring sold for less than the actual value make this a bad deal for the seller. The seller lost $12.90, which equals a 19.53% deduction from the amount we would have paid.
Now, it’s time to sell gold online
reDollar.com is designed to fit everyone’s selling needs. We are happy to process gold worth a quarter as well as gold worth a brand new truck. We offer an easy-to-use selling kit for gold worth up to $150,000 or free pick-up at any location of your convenience. The entire selling process is fully insured and hassle-free. To get started, you can use our gold calculator if you know your gold’s weight and purity (karat) to find out how much you can get paid. If you know the exact weight, you’ll get paid exactly what you have pre-calculated. We never renegotiate what we’ve promised to pay you. reDollar.com is the gold standard for selling any kind of precious metals or jewelry. Today, we pay $57.29 per gram for 18K gold and $44.69 per gram for 14K gold. For tradeable bullion coins made of pure gold, we can pay $2505.12 per ounce. Please keep in mind that our purchase prices are constantly changing because the value of your gold depends on the stock market price. If the price of gold rises, our purchase prices rise as well. If the gold price drops, the prices that we are able to pay also decrease. It’s very beneficial to sell gold online because you can check current purchase prices anytime without having to deal with the pressure of a local buyer trying to get your gold for a bargain. Furthermore, you get full privacy and discretion when you sell gold online with reDollar.
Expect a detailed analysis report when you sell gold online
Unfortunately, it’s common to get no more information than “I can pay you $500 for your gold” if you sell gold locally. You will certainly not get a written report with details about your gold. But when you sell with reDollar.com, we provide you with a detailed analysis report showing exactly what you have delivered. For every item included, we list the weight, purity, and value. Then, it’s up to you to decide if you want to accept our offer or not. Included in your report is information about how we tested your assets. If you take a look at the draft report to the left, you will notice that we really go into detail. In that specific report, we state that acid testing, fluorescence measuring testing, density determination, and an ultrasonic test were performed. The report shows the quantity of every type of item delivered as well as the total weight. Of course, you can also see the purchase offer for every item listed and the total amount, which you can accept or decline. It’s a convenient, safe, reliable, and of course fully insured way to sell gold online. If you already know your gold’s purity and weight, follow our recommendation and pre-calculate your payout amount so you can mail in your gold today.
Finally, know your partner if you sell gold online
It’s okay to shop around to find a gold-buying company you feel comfortable with. We also recommend that you thoroughly compare options to be sure you choose the perfect deal for you. We know that reDollar.com is one of the best places to sell gold online, but we encourage you to explore your options for selling on the internet. We want you to feel good about the buyer you do business with. For this reason, we provide you with a brief list of questions to consider before selling gold online. This checklist should help you make smart, safe decisions when selling your gold and make you less vulnerable to buyers looking to scam or take advantage of you.
- Do you know how much money you can get paid per gram or pennyweight before you mail in your gold? [extremely important]
- Can you reclaim your property without questions asked? [extremely important]
- Are fees charged for selling? [extremely important]
- Can you expect a detailed report showing exactly what you have delivered? [very important]
- Is the buyer offering a payout option that fits your needs? [very important]
- Do you get paid for gemstones as well, or is the buyer offering a free return service for stones? [very important]
- What happens with designer jewelry? [important]
- What happens with items a buyer is not willing to buy? [important]
- Do you have to pay for shipping? [important]
- Is shipping insured? [important]
We believe that this is a very important list of relevant questions you should be aware of when selling online. A reliable buyer will be happy to answer all your questions with patience. We’ve also answered the questions for you to understand more about their importance:
Do you know how much money you can get paid per gram or pennyweight before you mail in your gold?
With reDollar.com you know exactly how much money you can get paid for your gold before you mail it in. We publish our purchase prices for coins, bullion, scrap gold, dental gold, scrap silver, platinum and palladium. The prices are final prices and no deductions apply. You get paid exactly what we promise to pay you.
Can you reclaim your property without questions asked?
We think it’s very important to have the right to reclaim your property at any time. We know that our purchase prices are unbeatable and that we have nothing to hide. So there’s no reason to not allow you to reclaim your assets. Every now and then, sellers get sentimental when selling an item attached to memories. We think allowing a client to reclaim a personal item if he or she has a change of heart is the fundamental base for a reliable business relationship.
Are fees charged for selling?
We believe that a reliable gold buyer is responsible for providing a fee-free transaction. When it comes to selling gold online, honesty and consumer protection are the bases for a satisfying sale. We dislike fees and would never charge you for our services.
Can you expect a detailed report showing exactly what you have delivered?
A detailed report makes you feel good and safe about a transaction. It gives you proof of what you sold and information about the analysis procedures that were performed. No reDollar transaction is completed without a detailed analysis report.
Is the buyer offering a payout option that fits your needs?
You may not mind the payout method when you sell gold locally, because in most cases you will get paid in cash. But you’ll want to know how to get your money if you sell gold online. Given the prevalence of online fraud, you should find a buyer offering a payout option that not only fits your needs but also ensures your safety. While some people are concerned about their data, others may be unbanked. Around 7% of American households are unbanked, which equals approximately 9 million families. If you are unbanked, you’ll want to know your options to get cash for your gold. We at reDollar.com are prepared for people’s concerns, whether they are about data issues or banking issues. Besides direct deposit, wire transfers, and PayPal transfers, we also offer check payments and even money orders. And the good thing about money orders is that they can be cashed without a holding period.
Do you get paid for gemstones as well, or is the buyer offering a free return service for stones?
Don’t underestimate what’s mounted in your jewelry. Normally you will get paid only for the metal if you are selling gold online. Before you send your gold to a potential buyer, make sure they will either pay for any gemstones or be willing to remove your stones and return them to you. At reDollar, we let you decide if you’d prefer to get your stones back or accept our additional purchase offer for your mounted gemstones.
What happens with designer jewelry?
Be careful with designer jewelry. When we tried to sell a nice Tiffany necklace made of sterling silver locally, 9 out of the 10 buyers we compared, offered just the scrap silver price. Only one buyer mentioned that the jewelry was made by Tiffany & Co. and is more valuable than just scrap silver. At reDollar.com, we’ll let you know if we identify designer jewelry in your selling lot and how much additional money we can offer you for it. You can sell any designer jewelry with us, no matter if you own Tiffany jewelry, Chopard jewelry, Cartier jewelry, Bvlagri jewelry, Piaget jewelry, Van Cleef and Arpels jewelry, or designer jewelry made from other famous high-end brands.
What happens with items not eligible for selling?
A beautiful looking item can be precious to you but have no real market. If you offer or sell gold online, make sure that items not eligible for selling find their way back to you. Jewelry made of brass or copper may look pretty, elegant, and even expensive, but it doesn’t necessarily have real value. If such pieces of jewelry bring you joy, request to have them returned to you rather than selling them for a low price.
Do you have to pay for shipping?
We think that a reliable gold buyer is responsible for providing a smooth and risk-free selling transaction without burdening you with costs. Make sure that you can mail in your gold for free if you sell gold online. We at reDollar.com know that it’s important to assist you throughout the entire selling process, whether you sell just a few silver quarters or gold worth a small fortune.
Is shipping insured?
Speak with customer service about insurance if you can’t find the company’s insurance policy. There are some gold-buying companies only offering a limited liability in case of a loss. We at reDollar.com always ask for your insurance estimation to provide you with the shipping solution that best fits your needs. While gold and assets worth $500, $1,500, or even $2,500 can be insured by USPS, gold worth $10,000 or more needs a special delivery solution. Whatever the value of your gold, be clear on how it will be insured for shipping before you mail it to any online buyer.
Selling Gold Online Versus Selling Gold Locally
If you know the right place, like reDollar.com, selling gold online is for sure the best way to turn your gold into cash. It’s not only incredibly easy, but it’s also the most transparent way to sell. Our customers usually like our reports best because they show in detail how we calculated our offers and why.
| Selling Gold Online | Selling Gold Locally | |
| Privacy | full privacy | limited privacy |
| Reviews | reviews available | reviews available |
| Advice | phone, chat, email | in person |
| Selling pressure | no pressure | likely some pressure |
| Convenience | easy as 1-2-3 | time-consuming |
| Payment forms | Check, money order, PayPal, Zelle, direct deposit, or wire transfer | cash |
| Fingerprints | not required | often required |
| Analysis report | included | sometimes included |
| AND NOW? | click to sell | click to compare US buyers |
ABOUT THE AUTHOR
This text, “Sell Gold Online,” was published from Alan Jensen, reDollar expert for precious metals. Alan recommends reading our Cash for Gold and Cash for Diamonds articles as well. Alan’s specializations related to this article: scrap gold, scrap silver, scrap palladium, scrap platinum, dental gold, nuggets, ingots, bars, scrap jewelry, and mined gold.