Where is the best place to sell my gold?

Where can you sell gold?

If you want to sell pieces of silver or gold, there are several options open to you: Gold dealers and jewelers advertise in various media for potential sellers of jewelry, coins and co. made of gold and entice them with top conditions. Common coins and bars made of precious metals are also purchased by banks. But where can you actually get the best price and what should you look out for when choosing a buyer? We have some important tips for you!

Who pays best for old gold jewelry, silverware, etc.?

You should always obtain several offers from different dealers and compare them carefully before making the final sale. Time and again, the "black sheep" in the industry try to fob off sellers with only a fraction of the current value. You can often find out the current price on the websites beforehand. As a rule, you will at least find the purchase prices for the most important alloys ( 750 and 585 gold for jewelry).

The value of your pieces always results from the weight of your pieces in grams, the fineness of your gold and the current price of gold.

How do I recognize a reputable gold buyer?

A reputable precious metal dealer will first separate all your pieces by carat. Also make sure that the dealer carries out a precise examination of your pieces, reads the hallmarks on your jewelry correctly and determines the exact karat number of the gold jewelry using a special acid test.

He then weighs your gold separately by carat number on a calibrated scale in your presence. It is important that you can also see the weight on the scales yourself.

He should also offer you a free appraisal of your items without any obligation to sell. The quantity should not matter - no matter how many rings, chains, loose parts, dental gold pieces, coins, gold bars or broken gold or old gold you want to have valued: A reputable buyer will value all your items free of charge.

When you buy gold from a reputable gold dealer, you will also receive a receipt when you sell your jewelry.

Other important expert tips

Another indication that you are dealing with a trustworthy dealer is the presence of an Austrian business address. If a retailer only offers contact by cell phone, this does not speak for its seriousness.

The website also shows you how reputable a dealer is. A gold buyer who has nothing to hide will also have information such as their prices on their website. Also take a look at the legal notice. BEWARE OF FAKE STORES!

In addition to a dealer's website, you can also search for the buyer via Google. You will see: A recommendable gold dealer will also have correspondingly good ratings. Otherwise, you should be careful.

Be careful with price information over the telephone: these do not necessarily have to correspond to the actual prices. Don't let anyone talk you into it. Only the price after evaluating your parts on site is decisive.

With this valuable information, you should easily find out where best to sell gold and who pays best for gold.

Gold purchase at Gold & Co. - Sell gold safely & quickly throughout Austria

Of course, you are also welcome to come to one of our two Gold&Co branches in Vienna to sell your gold or use our Austria-wide purchase service via Mail-In Service .