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Selling your cash for gold can be done near you or through a few legitimate sites. Get the rundown in this post!

Who doesn’t love making extra money? I know many of us enjoy making extra money, but sometimes we’re at a loss for how to make this happen. If you have extra gold lying around your house, then I may have a solution for you. Sell gold for cash. That’s right. There are local places in which you can sell your gold for cash and there are some online options.

How to Sell Your Gold Locally For Cash

Most of us have a business in town that is willing to buy our gold. What does that look like? Well, I’ll walk you through this process, so that you know exactly how it works. It’s important to know your options when you are going to sell your gold for cash. You are the one that gets to make the decisions, so why not know EVERYTHING you can about selling your gold locally for cash.

Do a Quick Local Search

Head over to Google and search for “local places that buy gold in my area.” You will get a few hits on companies that are willing to buy your gold for cash.

Call Each Place First

Before you head into the establishment, make sure you call beforehand. They could not be accepting any gold at that time. You also need to ask what they are paying per ounce of gold. Make sure you ask questions before you head in, so you don’t waste any time.

Bring In Your Gold

You’ll need to bring your gold into the establishment to sell it to them. They will take a moment to evaluate the gold and make you an offer.

Types of Local Places That Buy Gold

You may be wondering what types of places will even buy your gold locally. I wanted to dive into a few places that I know will buy gold!

Pawn Shops

One place that is guaranteed to buy your gold is a pawn shop. If you live in a city or town, you most likely have several places that will buy your gold. These pawn shops are most likely going to pay you the least amount of money. You can always call ahead to see what they are offering.

Jewelry Stores

Not all jewelry stores will buy your gold, but some will. Usually, it just takes a quick phone call to see if your local jewelry stores accept gold. They may be able to offer you a little bit more money for your gold because this is what they are in the business of doing.

Always make sure you check with reviews of the company before you send any gold into them. It’ll be well worth the wait!

How to Sell Your Gold Online

If you don’t want to sell your gold locally, then you can sell your gold online. Selling your gold online is a little different than selling it in person. You may be a little nervous to just hand over your gold without any immediate money in your hand.

Choose a Reputable Company

You don’t want to go with just any company when it comes to selling your gold online. Pick a company that has good reviews and that you know is good on their word. Once you pick out the company, you can start the process of selling your gold.

Choose a Way to Send it In

Most reputable gold companies have different options for sending in your gold. It’s truly however you feel most comfortable. Choose a way to send in your gold.

Choose How to Be Paid

Another part of selling your gold online is choosing a way in which you will get paid. You no longer have to wait at home for a check. There are other options for being paid.

Check For Guarantees

You don’t want to send your gold off into the sunset without any sort of guarantee. Always check with the online company to see what guarantees they offer you. What if you’re not happy with your appraisal? You’ll want to make sure you’re going to get your gold back ASAP.

Legit Online Places to Sell Your Gold For Cash

What places can you trust these days to sell your gold online for cash? One online business that I trust is Cash for Gold USA. There are several reasons I’ll use this company to make money off my gold.

One major reason I use Cash for Gold USA is that I can choose the following ways to send in the gold:

  • Request a Free FedEx shipping
  • Request a Free Safepak®

Once I decide how I want to send in my gold, I can request electronic payments. This means that I can get paid through PayPal or through Direct Deposit. If you do get a check in the mail, you can just deposit it with your banking app, which makes getting cash so much easier.

How Online Gold Buyers Process Your Gold

If you’re wondering the process in which companies use to buy your gold and send you cash, here it is.

You Request Shipping

The process starts with YOU requesting them to buy your gold. When you know you want to sell your gold, you request shipping. You’re then sent a free shipping label.

Receive Gold Pending

Once the shipping label is sent out, the company waits on you to fill it. Once you put your gold in it and then send it off, they wait for it. You don’t have to pay anything to have the gold shipped to you.

Company Determines the Value

Once the gold is received by the company, the value will then be determined. Most places will have a value within 24 hours for you. The quote will then be sent to you.

Payment is Sent to You

Once you approve the amount, payment is sent to you. If you decide you aren’t happy with the amount you’re offered, you can always decline the offer and your items will be sent back.

Have you ever sold your gold for cash locally or online? What was the experience like for you?

Selling your cash for gold can be done near you or through a few legitimate sites. Get the rundown for what to look for with someone local or an online company to sell your gold.

Disclosure: This post contains a link to an affiliate and support this site. See my Disclaimer Policy for additional information.

About Andrea Deckard

Andrea Deckard is a personal finance expert and speaker. She lives by the following motto, "save on what you need so you can spend on what you want." She started Savings Lifestyle in 2008, and long-time readers remember the site as Mommy Snacks. Andrea is a go-to resource on frugal living for local news outlets such as WDTN, WGRR, and Cincinnati.com as well as national outlets like Good Morning America. She has also been featured in multiple national publications.

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