Cash For Gold Online
In the current economy, everyone wants cash for gold online. But for many, they do not mind selling their gold online as long as they stand to make a profit larger than what they would make in traditional stores. The good news is that you can make significantly more money on the Internet than at the local dealership.
You can get cash for gold online through a few places. Empire Gold Buyers, owned and operated for fifteen years now, has the best rate out there for cash for gold. Whereas most online gold dealers will pay you 50% of the gold price (per karat) and some will pay you 70% (which is the most reasonable, depending upon the gold condition), Empire Gold Buyers will pay 90% for 3 ounces, 96% for up to 25 ounces, and 98.5% for any gold amount 25 ounces and above. Empire Gold Buyers has an “A minus” rating from the Better Business Bureau (BBB), one of the best among companies. Midwest Refineries, stationed in Waterford, Michigan, has been online since 1998 and pays a 95% gold price. Though the company has an “A” rating with the BBB, they do not pay for shipping costs or cover jewelry insurance. Gold Fellow, an online gold company since 2007, has been BBB ranked since 2008 and has an “A plus” rating. Gold Fellows pays anywhere from 56-77% for your gold (and even then, the pay depends upon the gold amount). Cash4Gold is one of the lowest-ranking, well-known gold dealers online. They pay extremely low rates to buy your gold (below 50%) and offer only $100 gold insurance to cover possible gold damage en route to their facility.
How much cash for silver online can you expect? You can trade in your silver for cash through online jewelry dealers. Sole jewelry dealers (not chains) will give you a worthwhile price for it. With regards to the Internet, however, most silver sellers go through online auction sites, such as EBay and Craigslist. The reason? Many individuals sell their silver jewelry through online auction sites because they can set the price for it and, if it is not bought, can continue to sell their jewelry until someone buys it. The Silver and Gold Exchange (http://www.silverandgoldexchange.com/live-price-chart/) is a worthwhile to find the prices of your silver jewelry (and other precious metals). Check out their prices and see if they are a worthwhile place to sell your silver jewelry. Coin shops are another worthwhile place to consider. It is said that coin shops will pay you fifteen times what the silver is worth. For example, if you have a silver dollar to sell, coin shops will pay you 15 X $1.00, or $15.00. American Coin (http://www.acoin.com/) is another great online coin dealer. On their “Selling Coins” page, they educate their readers about various mediums through which they can sell their coins: own their own coin shop, online auctions, classified ads, coin shows, various type of mail-in transactions, etc. On their “Price List” page, they provide prices for silver coins, from one-half cents to twenty dollars. You could sell your silver jewelry to scrap dealers. Top among them is the American Precious Metals Exchange (www.apmex.com). Remember when doing business with APMEX that they only buy large quantities of silver. Thus, if you do not have $1,000 in silver coins (minimum price) they will not conduct a trade.
How much cash for red online can you receive? You can get cash for red gold and rose gold from jewelers. Red gold and rose gold are only used in jewelry, and you will have to sell them to an independent jeweler if you desire to get the amount they are worth. The good news is that, since regular gold consists of some parts alloy, red and rose gold are worth no less on the market than regular gold. Since red and rose gold are as valuable as regular gold, you can expect to receive at least 50% from most online jewelers, though you could also end up getting 90% of the gold price (from a reputable and BBB accredited jeweler).
How much cash for copper online can you anticipate? This year, 2011, the price of copper has gone up (as compared to previous years). The amount of cash you receive for copper depends, first, upon the type of copper you have. Is the copper #1 wire (pure) or #2 wire (contaminated)? The distinction of these two types of copper is vital, as it will determine how much cash you can receive for your copper. A good place to go to determine copper price is “Metal Prices” (www.metalprices.com),
where you can see the daily copper prices. The London Metals Exchange (LME) sets the daily copper prices. If all else fails, you can at least attempt to negotiate with the online jeweler or copper dealer for a higher price than he or she originally set. This may not do much, but it may help you make a few more cents per ounce than the original price.
How much cash for platinum online is available? Though most people may not know it, platinum is less produced than gold (35% more rare, to be exact), so the price of platinum could be more profitable than gold in most cases. Thus, platinum by default will be a lucrative experience—though you can aid the process with the types of platinum items you choose to sell online. Some of the most lucrative platinum items are platinum jewelry, catalytic converters, thermocouple wire, crucibles, etc. Most people own platinum jewelry but do not know it (since it appears as silver to the eye). Usually, platinum jewelry will have the designation “PT 950” on it to let you know it is platinum. Make sure you look for this label before you sell your jewelry to an independent jewelry, mistakenly believing it is silver. If you sell your jewelry without this knowledge, you may end up losing hundreds of dollars you could receive for your jewelry. Do not let ignorance rob you of some significant cash!
Platinum prices, like gold, silver, and copper, depend upon daily pricing, the amount of precious metal, the coin appearance (in some cases), as well as the amount the dealer, jeweler, or coin shop owner (etc.) will set for it. In most cases, sellers can expect to receive 50-90% on their precious metals online.
Cash for gold online can be profitable for the individual who has gold to sell. Nevertheless, there are a number of variable factors that you must sort through in order to get the best price for your gold. If you settle for the local dealer, you will most likely encounter fraud. However, if you continue to look and wait until the right price for your gold comes along, you may just find what you wanted all along.
