How should I prepare to sell gold and silver?

The short answer

The short answer

Separate the items you may sell, decide whether you want an appraisal or an outright sale, and have each item weighed and tested in front of you. Before agreeing, make sure the written details identify the items, the evaluation results, the live market rate used, and the payout terms.

Decide what you want evaluated

Start by separating the items you may want to sell from anything you plan to keep. This may include gold jewelry, gold bullion, silver bullion, sterling silver sets, platinum, or luxury watches.

You can also decide whether you want information about an item or whether you are ready to consider an outright purchase. AK Gold & Silver provides free no-obligation appraisals, so you can have items evaluated before deciding.

Have each item weighed and tested

The useful measurements are taken item by item, rather than treating a mixed group as one lot. Ask for each item to be weighed and tested in front of you, with the results explained clearly.

Gold, silver, platinum, jewelry, bullion, and watches may need to be considered separately. An in-person evaluation is important because AK Gold & Silver does not provide sight-unseen pricing by phone or online.

Confirm the market basis before agreeing

Ask which live market rate is being used at the time of the evaluation and how that rate applies to the item being considered. Before you accept any offer, it helps to ask the buyer to explain the weight, the test results and how the price was calculated.

Take time to review the details before approving an outright purchase. A transparent evaluation is conducted in front of you, and the decision to sell should come after you understand what was measured and how the offer was determined.