Quick answer
When you sell gold for cash, buyers price it on pure gold content: weight times purity times the current spot price, then they take a margin. Sort pieces by karat, weigh them if you can, check the day's spot price and get at least two or three written offers from local buyers. Avoid mail-in kits, and know that designer or antique jewelry may be worth more to a jeweler than for its melt value.
Steps
- Sort by karat. 10K, 14K, 18K and 24K have different gold content. Look for the stamp.
- Weigh it. Buyers use grams or pennyweight; know which.
- Check the spot price. It changes daily.
- Get several offers. Ask each buyer what percentage of melt value they pay.
- Keep special pieces separate. Designer, antique or gemstone pieces may sell better whole.
Common questions
How do I know if a gold offer is fair?
Ask for the offer as a share of melt value and compare it across buyers. Big gaps mean shop around.
Should I use a mail-in gold kit?
In-person offers you can refuse on the spot are easier to compare. Mail-in services can be slow to return items if you decline.
Do I pay tax when I sell gold?
Gains on gold sold for more than you paid can be taxable. Keep purchase records if you have them.
Where these facts come from
Sources checked October 10, 2026. Programs and rules change; confirm details with the agency or company before you act.
Disclosures
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Rates and terms. Each lender sets its own rates, fees, and terms and will disclose them in writing as required by the federal Truth in Lending Act before you sign. Personal and installment loans from lenders in our network typically carry APRs from about 5.99% to 35.99% with terms from 3 to 84 months. Representative example: a $5,000 loan over 36 months at 15.99% APR has 36 payments of $175.76 and a total cost of $6,327.36.