Are you wanting to sell your gold items for cash? Well, you are not alone. There are many people looking to make some extra money from their unwanted jewellery or coins. If you are planning on selling your precious items, but aren’t sure where to start, this guide will help walk you through the process of selling your gold for cash online and “near me” in 2023.
Can I sell gold for cash in Canada?
Yes, you can! Here are some tips to help you make get the biggest return on your unwanted gold items:
1. Take the time to know the worth of your gold items before you sell them. To make sure you have a grasp on what your gold pieces are worth, try searching for “gold price calculator” or “gold melt calculator” to find the current value of your jewelry.
2. Get an appraisal of your gold items. You don’t want to send off your precious metals until you know what they are worth! Getting an appraisal will help ensure that you get paid fairly for your unwanted gold pieces.
3. Be sure to include any paperwork that comes with your piece—like appraisals or certificates from previous sales—so that the buyer can verify its authenticity and value.
How to sell gold in Canada
There are a few different ways to sell your unwanted gold in Canada. Here are a few tips to help you decide which option is right for you.
Mail-in service
Reputable gold buyers, like Canada Gold, offer mail-in services so that you can send your gold items in the mail. You will get an estimate of how much your jewelry is worth. Then, the buyer will send you payment once you have accepted the offer.
In-store service
When it comes to selling gold in Canada, working directly with a buyer is another option. You can bring your items to a local business and get an estimate. If you agree on the rate, the buyer will purchase them from you on the spot.
Online service
If you don’t have the option to bring your gold items into a local dealer, selling your items online might be a possibility for you. However, be aware that selling online comes with greater inherent risks and hassles, including scammers, lowball offers, and even a failure to return your jewelry upon a rejected offer.
Do you pay tax when you sell gold in Canada?
Yes, when you sell gold, any profit you make must be reported to the government. This includes selling your jewelry or other items made partially or entirely out of gold. The amount of tax you will have to pay depends on how much money you make from selling your items.
Where can I sell my gold in Canada?
If you are looking to sell your gold, we have the solution.
There are many places in Canada where you can get cash for your old or unwanted jewelry, but one of the most trusted places to turn to is Canada Gold. We have been in business for years and are known for our fast service, friendly staff, and fair prices.
Canada Gold uses the latest testing equipment to ensure the highest levels of accuracy—and all testing and transactions are carried out right in front of you. Plus, we also pay cash on the spot.
Selling gold is a great way to turn a valuable asset into cash—and it is also easy to do. Whether you are looking to sell gold jewelry or scrap gold, reach out to Canada Gold.
Stop by one of OUR LOCATIONS today to learn more about buying, investing or selling gold.
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