If you have an interest in selling your old gold jewelry, gold coins, old platinum jewelry, or gold scrap, then you have probably wondered if selling your items to an online gold broker is a good idea.

In fact, selling your old gold jewelry and gold scrap to an online gold broker can be not only a good idea, but an experience that you should find to be rewarding. Selling gold to an online buyer is the simplest way to get cash for your gold, and here are some of the reasons why:

  • Selling your old gold jewelry and scrap to an online gold broker allows you to complete the majority of the transaction in the comfort and privacy of your own home.
  • Online gold brokers will typically give you more cash for your old gold and platinum jewelry and scrap than a pawnbroker, jeweler, or other local buyer.
  • For those who live in rural areas, finding an online gold broker is often easier and quicker than finding a local pawnshop, jeweler, or other gold buyer.
  • Selling your old gold jewelry and scrap to an online broker can be just as safe as selling to a local buyer.

Often the biggest barrier to those who wish to sell their old gold jewelry, platinum jewelry, school rings, or gold scrap is the dread of the hassle of selling their items to local buyers or pawnshops. They dislike the idea of the drive back and forth to the different pawnshops, jewelers, or other buyers, and dread finding that their items will not sell for even the value of the trouble – not to mention the fuel cost – of the transaction. Others wish to sell their old gold and/or platinum in a more discreet, private manner.

Using an online gold broker to sell your old gold jewelry and gold scrap is a much less taxing process, because the online gold broker will virtually come to you! Once you have contacted the online gold broker, he or she will send you a gold kit (an insured mailer in which to mail your items), which you will mail back to him or her to have your items appraised. Then, the online gold broker will make an offer, which you will either accept and receive payment for, or decline, after which the broker will mail your items back. It’s as simple as a couple trips to the mailbox or post office.

What’s more, an online gold broker can often give you a higher cash payment for selling your old gold jewelry, old school rings and gold scrap than your local pawnbroker, jeweler, or even gold broker can. Pawnshops and jewelers buy mostly jewelry, which they intend to resell. Unless your items are rare or of an extremely high value, most pawnshops and jewelers have display cases full of similar items that they are also interested in selling. That limits the value they place on your items.

An online gold broker, on the other hand, is interested in your old jewelry, old school rings, and gold scrap for the amount of gold or platinum they are comprised of. Because the online gold broker is interested in the precious metal, not the piece of jewelry, he or she can give you more cash for your gold or platinum items.

Furthermore, if you live in a rural area, a small town, or a small market for gold, you may not have access to a local pawnshop or a jewelry store that is willing to give you cash for your old gold jewelry, platinum jewelry, or gold scrap, let alone a gold broker. If you can locate buyers in these markets, you may find that these buyers, aware of the difficulty of making large profits from used jewelry, are unwilling to give you more than a nominal amount of cash for your old gold jewelry or platinum jewelry.

Online gold brokers operate businesses that serve all markets, including rural and small markets, and are always interested in buying old gold and platinum jewelry and gold scrap, and are therefore not limited by the demands of local markets for gold. This translates into higher profits for you.

If you are worried about the safety of selling your old gold jewelry, platinum jewelry, and gold scrap to an online buyer, then put your fears aside. Just like brick-and-mortar businesses, online gold brokers often belong to the Better Business Bureau (www.bbb.org). Furthermore, the safety of your transaction is guaranteed from the time you put your items in the insured envelope provided by your online gold buyer. By insuring the contents of the envelope, the online gold buyer protects your items, and his or her potential investments.

When it comes time for payment, you can rest assured knowing that reputable online gold buyers pay you for your gold and platinum using businesses you are no doubt familiar with, including Western Union (www.westernunion.com), PayPal (www.paypal.com), and Moneygram (www.moneygram.com). If you are offering a larger amount of gold and/or platinum for sale, your payment maybe processed via bank wire transfer or company check.

Using an online gold broker to get cash for your old gold jewelry, platinum jewelry, and gold scrap is an easy, safe way to transact your gold and/or platinum sale. Done from the privacy and comfort of your own home, it is even easier than selling to pawnshops and jewelers.