What to Know about Selling Gold and Silver
We are hosting another buying event on May 5-7 in conjunction with Treasures Rediscovered and hope to see you there! In preparation for the event, we want to share information about selling gold and silver so you are as prepared as possible!
What is the best time to sell gold and silver and why?
Current conditions make now one of the strongest times in years to sell. Gold and sterling silver (92.5% pure) prices are at a near all-time high. Both metals have increased in price dramatically with gold up ~85% and silver up over 200% from a year ago. Prices are at historic levels due to high central-bank buying, geopolitical tensions, and strong demand from industries and investors.
What do you need to know before selling?
- Purity and weight determine 95% of the offer. 24K gold pays the highest while 14K or 10K pays less per gram. Sterling silver must be marked “925”.
- You’ll need a government-issued ID (required in most states).
- Only sell to reputable, licensed precious-metals dealers — avoid pop-up “cash for gold” shops.
- You are under no obligation to sell. Don’t let anyone pressure you.
- There is no need to clean or repair your items.
- Bring original paperwork, GIA report and/or designer boxes as they can add value to your items.
Start cleaning out your jewelry box for items you no longer wear and check your closets and basements for other items of value and come see us at Bridgewaters for a no-obligation offer based on today’s strong market prices. Can’t wait to see you!