Gold, in the form of coins, bars or jewelry holds value and can put cash in your pocket. But you have to know the current market value of gold to make the most money, and find a reputable buyer. Follow these tips for a smooth, satisfying selling experience when turning your gold for cash.

Research your local market and compare offers before selling. Pay particular attention to the gold spot price (the immediate price at which you can buy or sell precious metals), and check reliable financial news sources or apps that track prices daily. This way, you’ll always be aware of your options and won’t be caught off guard by sudden fluctuations.

How to Exchange Gold for Cash Without Risk

Look for a reputable online gold merchant that’s well-reviewed and offers free shipping on appraisal kits. Many also cover insurance and provide a 24-hour turnaround time for payments. These services are convenient and quick, but don’t offer the face-to-face interaction you might have at a pawn shop or local gold buyer.

If you have a lot of gold pieces, organize your items by type to get the best valuations for each one. For example, organizing earrings by design and purity will help you estimate the total value for a set. And separating rings from necklaces will help you evaluate each item’s individual quality and purity, ensuring a fair payout. Also be aware of any fees that may affect your overall offer, such as overhead costs at pawn shops or gold buyer commissions.