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Step 1
Browse the Internet to find a gold buyer. A large quantity of the companies advertised on TV have received numerous complaints about unfair prices, lost items and poor service. Know who you are dealing with. Check any company at www.bbb.org. Sites like www.goldfellow.com have not received any complaints and can often pay more because they do not spend millions on advertising.
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Step 2
Know the value of your gold as well as the quantity and quality. Gold is typically measured in carats. The higher the number of carats, the more gold there is in comparison with cheaper metals like alloy. You should also find out the pennyweight of your items. (A pennyweight is a unit of mass that is approximately 0.055 ounces). To figure out how many pennyweights you have, it would equal 20 pennyweights for every ounce. When asking around to buyers, ask how much they pay per pennyweight or per ounce, depending on who you are working with.
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Step 3
Investigate every buyer's policy before choosing who to go with. Make sure you know up-front how much you will be paid. Make sure they inform you of their estimated payment before you're paid. Also, never drop your gold into a mailbox. Many companies are misleading about the insurance policy placed on their "insured envelopes." Get it insured and sent at the post office, and keep an accurate note of the pieces you send.
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Step 4
Visit a jewelry store. Many will buy from you on site. Again, shop around for the best price.
