How to Get the Best Price When You Sell Your Gold

Whether you're cleaning out a jewelry box or looking to turn old gold into cash, knowing how the process works can help you get a fair, competitive offer. Here's what you should know before you sell.

1. Understand How Gold Is Valued

Gold buyers pay based on the purity (karat) and weight of your items, measured against the current spot price of gold. Common purities include 10k, 14k, 18k, and 24k — the higher the karat, the higher the percentage of pure gold in the piece.

2. Separate Your Items by Karat

If you know the karat stamps on your pieces, sorting them beforehand can speed up the appraisal process. Don't worry if you're not sure — we test every item on-site using accurate, non-damaging methods.

3. Know What Affects Your Offer

• Current market spot price of gold (which changes daily)

• Purity and total weight of the gold

• Whether stones or other materials need to be removed and valued separately

• Condition of the piece (though most gold is valued by melt weight, not condition)

  
  

4. Get a Transparent, No-Obligation Quote

At Midtown Gold Diamond, we test your gold in front of you, explain exactly how we calculated your offer, and never pressure you to sell. If the number works for you, you walk out with payment the same day.

Bring in your gold jewelry, coins, or scrap gold for a free evaluation — no appointment necessary.