Selling unwanted gold for cash is a great way to put some extra money in your pocket. If it's your first time attempting to sell gold, you want to ensure you get a fair deal. In addition to working with a reputable dealer, here are a few other steps you can take to get your money's worth. 

3 Tips When Selling Gold for Cash

1. Monitor the Market Value of Gold

Even the best dealers will only give you as much money for your pieces as the market allows. That's why it's a good idea to monitor market fluctuations to time the sale just right. The price of gold is actually on the rebound right now, so now is a great time to sell unwanted pieces. 

2. Schedule an Appraisal

In addition to the market value, you must also understand the value of the pieces you wish to sell. This value is based on numerous factors, such as the karat count of the item. However, antique pieces in good condition might command a high sale price, even if they have a relatively low karat count. The more you know about the piece, the easier it will be to spot a reasonable offer. 

3. Find the Right Dealer

A good dealer will know the current market value of gold. They'll also be able to accurately assess the piece for quality, condition, and karat count. The right dealer will also have a reputation for treating sellers fairly. Check online reviews to see what other customers have to say. You can also visit the shop to get a feel for the demeanor of the staff. 

With more than five decades of experience behind them, American Trading Company has a reputation for excellence among the gold-buying community. When you want to sell gold in Cincinnati, this family-owned shop offers an honest and transparent process. They also accept a wide range of scrap gold, in addition to finer pieces that are fully intact. Visit them online to learn more about the items they buy. You can also stop by their shop or call (513) 661-3633 for more information.