It used to be that the only place you could sell gold was a pawnshop. While these were excellent places to for individuals to sell their gold, with the development of cash for gold websites, many are turning to the internet now to get rid of their old gold jewellery and make some quick cash. But which is better?
Advantages and Disadvantages of Pawn Shops
Pawn shops can be a great place to sell your old gold for cash, but only if you want to simply pawn the gold. By pawning the gold, and not really selling it, you have the opportunity to get it back. This works like a loan. You will, of course, have to pay more for your gold when you buy it back. This is because pawn shops charge a certain amount of interest for holding your items.
While this advantage may keep you running back to the pawn shop, time after time, if you simply want to sell your gold and make the most money, the pawn shop might not be the best place to do so. Here are some of the disadvantages to selling gold at a pawn shop.
Commuting - Most pawn shops don't have websites, where you can pawn your gold online, so you will most likely have to make the trek to your local pawn shop to sell your gold.
Face-to-Face Negotiations- Let's face it, not everyone is great at negotiating face-to-face. You may be able to talk a mean talk in the car on the ride over, but once you are inside the store, you may find it difficult to hammer down a great price.
Long Lines - Unless you just happen to stop by at the right time, you will most likely end up waiting in line to sell gold.
Robberies - While it may seem far-fetched, pawn shops can be, and often are, the targets of thieves. You may go into town believing you will sell your gold, but your gold may instead be taken. Then you will be left with no money and no gold.
Conditions - Pawn shops resell all the gold items they buy. This means, if your gold jewellery isn't in perfect condition, they may not pay you as much for it. If it is broken or badly damaged, they may not accept it at all.
Online Gold Buyers
Online gold buyers offer many advantages. Because they are interested in the actual weight of the gold and the gold itself, they don't worry about whether your item is scratched or broken into pieces. They will simply give you the best price for the gold itself. They also provide you with a free packet to ship your gold to them. Once they have weighed the gold and determined its worth, they will let you know how much it is worth. If you don't agree on the price, they will simply send it back to you. If you do like the price, however, they will send you a check immediately.
Often times, with broken or worn down jewellery, you can get the best prices by selling to an online gold buyer. You don't have to wait in long lines or face hazardous conditions to get your check either. You can simply send the gold through the mail and sit at home while you wait for the money to roll in.
If you need to sell gold fast and want the best price, check the price you will get from your local pawn shop and from an online gold buyer. You may be surprised at the difference.
When you need to earn a little extra cash, you can sell gold to Windsor Gold. We are simply the best in the business. We offer the highest prices, safe courier post delivery, fast cash within 24 hours, and a name you can depend on.
Don't trust your gold to anyone else. Just check our website and take a look at all of our happy customers. If you are looking to sell gold, you've found the industry leader!
Print this page
