Gold is one of the hottest investments going, but like any investment, making money is the key. With gold this can be a very complicated process. However, there are a few steps that can be taken to get the most out of a gold sale.
Things You Will NeedTime to search around and the skill of saying no!
Step 1Selling gold starts with purchasing gold. To make any real profit, an investor must get the best price possible when buying it. Otherwise, the investor will be stuck with gold and no room to work, especially if the price drops. Make sure the original purchase price is a good one.
Step 2Set a starting price and be prepared to work down. Selling gold, especially coins, is a bartering process. It is rare that a buyer will jump on the initial price. If they do, that means the price was set too low and they just burnt you.
Step 3Build a relationship with dealers around the nation. When the dealer knows and trust a seller that will eliminate the hurdles of selling gold. Also, they may call and ask about items, putting the seller in the captain's seat.
Step 4Do the auction thing on eBay or other auction sites. This doesn't guarantee the highest price, but there are times when the selling price will exceed expectations. If also eliminates the selling process.
Selling gold is not always easy, but develop a process and use it over and over.
Tips & WarningsAlways be an advocate for yourself, nobody else is going to be.