How will I be able to track my shipment?

We ship exclusively with FedEx, which includes package tracking. You’ll be able to track your package any time at FedEx.com, and you’ll also be notified via e-mail when the package is scanned into our facility.

How much do you pay for gold?

This depends on a few factors, most notably the current price of gold. You’ll have to contact us directly so we can give you an accurate quote and estimate on your gold!

How can I see my offer?

As soon as your offer is available, you’ll receive an e-mail from us. You’ll then be able to log into our secure website to view your offer and decide whether to accept or reject the payout.

How long does it take?

Packages are sent the same day via FedEx if you’re requesting a mailer pack, rather than printing your own (which you can do instantly). Packages typically take 1-3 business days to arrive. We process all our packages the same day we receive them, sending you an offer right after testing the packs. We pay within 24 hours, usually less, so the entire process might only take a couple days!

Can I use my own packaging?

Yes! Select “Print a Free Kit” when requesting a kit instead of “Mail Me My Kit.” You’ll be able to print free FedEx shipping labels that you can attach to your package.

What if I’m unhappy with my offer? Do I need to pay to send it back?

No, we’ll return your valuables back to you free of charge! You’re under no obligation to sell to us and we’ll promptly return your items to you.

Do you buy estates?

Yes! There’s no collection too large for us to go through. We are experienced in collectible and rare items as well, inspecting each one for additional value before testing their intrinsic value.

How do you convert gold to cash?

Gold is a commodity with a fluctuating market rate, but buying or selling physical gold at that rate isn’t as straight-forward.  Gold, like any other asset, must be sold or traded with someone on the opposite side of the transaction.

You can sell privately, to jewelry stores, pawn shops, or of course to an online service that specializes in it like us. Our process is simple: request a free gold mailer pack, send in your gold, and then get paid (either online or by check). Your gold can be converted to cash in as little as 24 hours!

Is it good to sell gold now?

Gold prices fluctuate for many reasons. Historically, it has been a stable investment, often considered a “safe haven” in times of economic uncertainty. However, just like any investment, it comes with risks and it’s impossible to predict with certainty if prices will go up or go down. Gold is near all-time highs, but that doesn’t necessarily mean it will continue to go up, or that it’s due for a crash. When you do decide to sell, we’re here to help you get the most for your cash!

How much gold can you sell before paying tax?

Selling gold is taxed the same way as selling any investment. You must pay capital gains tax if you’ve profited from selling gold, regardless of the amount.

Which gold coin is better 22k or 24k?

24k gold is pure (100%) gold, while 22k gold is 91.7% gold. So simply for the sale value, it’s better to have 24k gold coins, and it’s the preferred purity of investors. Adding alloys, however, does make gold more durable, so if durable is a concern then it’s better to have 22k gold.

Can I sell gold to a bank?

Banks generally do not buy and sell gold. Some may have a limited selection of gold you can buy (such as gold coins), but selling is even less common. If you want to sell gold, you’ll probably need to go to a jewelry store, gold dealer, sell to a private party, or an online cash for gold service.

How much is a 14k gold ring worth at a pawn shop?

The value of a 14k gold ring at a pawn shop depends on the price of gold, weight of your ring, and of course the kind of pawn shop you’re dealing with. Some pawn shops are great to deal with and will give you a fair price, while others may try to pay you as little as they can get away with.

The average gold ring weighs about 5 grams. If it’s 14k gold, that means it’s 58.3% gold – or 2.92 grams of actual gold. The current price of gold is about $56/gram, putting the actual value of the ring at about $163. If a pawn shop pays between 20% and 80% for the gold, you could be offered anywhere from $32 to $130. That’s why it’s so important to understand the value of your gold before selling it!

How much do jewelers pay for gold?

When you sell gold to us, the more gold you sell, the higher the price you get. You can refer to our what we pay page for our rates.

Jewelers are likely to follow similar logic, although they typically have less appetite than gold buyers and cash for gold stores since it isn’t their primary business. They’re more likely to offer store credit as an incentive to sell their jewelry rather than offering fair cash prices for unwanted gold.

What is a good price to sell gold?

Unlike other gold buyers, we post what we pay for gold. The more gold you have to sell, the better the price you’re going to get.

24k gold (100% pure gold) is easier to sell since it’s more popular with investors. You should be able to get closer to the actual price of gold ($56/gram as of May 2020) with 24k gold. Selling old, broken, scrap gold with lower purity (14k gold, for example), will be more difficult to get full value for. However, the more you have, the better rate you’ll get.

What is the best month to sell gold?

Based on historical data, the beginning of March would be the best time to sell gold, and the end of July is the best time to buy gold. However, the famous investment disclaimer certainly applies: “past performance doesn’t guarantee future results”. Gold is volatile like any investment, and trying to time it based on the time of the year is not an advisable strategy.

What is the best time to sell gold?

Based on historical data, the beginning of March would be the best time to sell gold, and the end of July is the best time to buy gold. However, the famous investment disclaimer certainly applies: “past performance doesn’t guarantee future results”. Gold is volatile like any investment, and trying to time it based on the time of the year is not an advisable strategy.

What will be gold price in 2020?

As of March 15, 2020 the price of gold is $1742/ounce, or $56.02/gram. It is currently at the high for the year, although the price of gold has fluctuated between the current price and $1480/ounce.

What is highest price of gold in history?

The highest price of gold in history was $1923.70/ounce, recorded on September 6, 2011. Prices dropped as low as $1100/ounce towards the end of 2015, but have since recovered to $1740/ounce in May of 2020. Many experts are calling for a continued increase in price, and gold has a chance to reach record highs in 2020.

Do you get a 1099 when you sell gold?

If you sell more than 25oz of non-exempt gold bullion, you will receive a 1099 from the gold buyer. At $1740/ounce, that would be $43,500 in gold. There are some exempt gold coins that do not need to be reported, such as American Gold Eagle coins.

Selling smaller amounts of gold will not be reported on a 1099. However, you are responsible for paying capital gains taxes if you sold your gold for a profit.

Do you pay taxes on selling gold?

Yes, capital gains tax is required when you sell gold for a profit. If you held the gold for less than a year, you are taxed at your normal rate. If you held the gold for over a year, it’s considered a long-term capital gain and taxed at 15% or 20%, depending on your income.

How can you tell 24k gold?

The easiest way to tell if your gold is 24k is to inspect the surface for an inscription. Many gold pieces have the purity written in it, so if you find a 14, 18, 22, or 24 on the surface of your jewelry, it’s very likely that is the purity of the gold piece.

If there is no inscription, an acid test is the reliable way to determine if you have 24k gold or another purity. Kits can be purchased online and typically start around $25. If you take your gold to a pawn shop or cash for gold store, it’s how they’ll commonly determine the purity.

At Cash for Gold Mailer, we do an acid test on each piece (it does not harm the gold in any way) to determine the purity and value.

Can you wear 22k gold everyday?

Wearing 22k gold for everyday use is not generally recommended. The addition of metal alloys to gold makes it stronger and more durable for everyday wear, and 22k gold is less than 9% metal alloys, making it less than ideal for everyday use. It’s more frequently purchased as an investment, items on display at home, or for special occasions.

18k gold, which contains 25% metal alloys, is the highest purity that is typically recommended to be worn. 14k gold is the most common for everyday use.

What is the best way to sell gold?

Gold can be sold privately, to jewelry stores, pawn shops, or of course to an online service that specializes in it like us. Our process is simple: request a free gold mailer pack, send in your gold, and then get paid (either online or by check). Your gold can be converted to cash in as little as 24 hours!

Unlike other gold buyers, we post what we pay for gold. The more gold you have to sell, the better the price you’re going to get. We’re biased of course, but we believe selling to Cash for Gold Mailer is the best way to sell gold!

When should I buy gold in 2020?

As of March 15, 2020 the price of gold is $1742/ounce, or $56.02/gram. It is currently at the high for the year, although the price of gold has fluctuated between the current price and $1480/ounce. Investing in any commodity, including gold, has a risk of going up and down, so it’s impossible to say with certainty when the best time to buy or sell gold is.

Is it better to pawn or sell gold?

Deciding whether to pawn or sell your gold depends on your situation and what you need the money for. Pawn loans are typically smaller – the average is around $150 – which might require about $300 worth of gold as collateral. Interest rates range by the laws of each state, but a typical rate may be about 10% per month (120%/year). That’s extremely high for a loan, but if you only need the money for a week or two, it’s a perfectly acceptable way to get some liquidity and pay short-term bills. You may only lose 5% of the value of your gold for a two-week loan. If you let your loan go for months, however, you could pay the equivalent of the entire value of your gold over the course of a year.

Depending on the quantity of gold you have, selling your gold may net you 50-90% of the actual value of your gold. That puts the break-even point on retaining your value at about 1-5 months of pawn loans before you lose the difference in the selling price. This doesn’t take into account other factors, like taking out multiple pawn loans, changes in gold prices, or whether or not you even want to keep the gold.

There are situations for selling and others for pawning. But one thing for sure: it’s never a good idea to keep a pawn loan for a long time. Pay them off as quickly as possible so you stop paying interest.

Do pawn shops pay spot price for gold?

Every pawn shop is different, but the answer to this in nearly every case is “no.” Pawn shops are in business to make money, so they need to make a profit when buying and selling gold to stay in business. How much they pay can vary greatly from pawn shop to pawn shop. Some will pay as little as they think they can get away with, while others are a bit more honest and pay a fair rate.

Unlike other gold buyers, we post what we pay for gold. The more gold you have to sell, the better the price you’re going to get.

We strongly recommend you understand the approximate value of your gold if you decide to take it to a pawn shop. This education can be vital in negotiation to make sure you get a reasonable deal.

How do pawn shops appraise gold?

Most pawn shops will use an acid test to determine the purity of the gold. The way the gold reacts with the acid reveals the purity of the gold. Combining the purity, weight of the gold piece, and current price of gold, they are then able to determine the spot value of the gold.

Pawn shops rarely (if ever) pay you the spot price of your gold. The actual amount they pay varies greatly.

Unlike other gold buyers, we post what we pay for gold. The more gold you have to sell, the better the price you’re going to get.

How much is 14k gold worth today?

As of March 15, 2020 the price of pure (24k) gold is $1742/ounce, or $56.02/gram. 14k gold is worth 58.3% of pure gold (14/24), which would mean it’s worth $1016/ounce or $32.68/gram.

How much is gold worth per gram?

As of March 15, 2020 pure gold (24k) is worth $56.02/gram, or $1742/ounce.

How much is scrap gold worth?

Scrap gold isn’t worth less than any other kind of gold, in the sense that gold is a commodity with a market price and the old being old or broken doesn’t change that price. That’s why selling scrap gold can be so lucrative.

However, scrap gold is usually not investment-grade, 24k or 22k gold. It’s usually 18k or 14k gold, which is worth proportionately less than pure gold. Here is how much an ounce of scrap gold is worth at each purity as of March 15, 2020.

24k: $1742/ounce

22k: $1597/ounce

18k: $1307/ounce

14k: $1016/ounce

The actual value of the scrap gold is different than how much you can get paid for it. The more you have to sell, the higher the price we pay for gold. Unlike other gold buyers, we post what we pay for gold. Check out our price chart today to see how much you can get paid for your gold.

How much is a gold bar worth?

The famous gold bars you’re familiar with from the movies weigh 400 troy ounces (438.9 standard ounces). That’s about 27 pounds, or 12.4 kilograms in more familiar terms.

The current price of gold is about $1700/troy ounce as of June 2020. That would mean a standard gold bar would be worth approximately $680,000.

How much is a 24k gold bar worth?

The famous gold bars you’re familiar with from the movies weigh 400 troy ounces (438.9 standard ounces). That’s about 27 pounds, or 12.4 kilograms in more familiar terms. Gold bars are almost 24k gold.

The current price of gold is about $1700/troy ounce as of June 2020. That would mean a standard 24k gold bar would be worth approximately $680,000.

Will gold ever lose its value?

Impossible to say! Traditionally, it has been a good hedge against inflation and economic concerns, in addition to its desirable status for jewelry and other adornments. If gold goes out of fashion or the market chances, it’s certainly plausible that gold could lose its value.

At Cash for Gold Mailer, we do not speculate on the future price of gold. Our goal is to provide you a fast, efficient service to convert your gold to cash when you’re ready to sell.

Is cash for gold legit?

There are hundreds of cash for gold stores across the United States, in addition to online cash for gold services like ours at Cash for Gold Mailer. The quality and trustworthiness of each company is highly variable.

Packages are sent insured via FedEx to make sure the value of your gold is protected. We post the price we pay for gold on our website, so you can understand exactly how much you’ll get paid. It doesn’t get more legit than that!

What percentage does cash for gold pay?

The percentage we pay for gold depends on the purity of your gold and the quantity of gold you are selling. The more gold you have to sell, the higher the percentage you’ll receive for your gold.

To see the current amounts and percentages that we pay for your gold, check our “what we pay” page.

How can I sell my gold?

At Cash for Gold Mailer, we have an easy, 3-step process to sell your gold quickly and for the best price. Request a free appraisal kit (or print the materials for free online), ship your items to us in a prepaid FedEx envelope, and then get paid after approving your offer online.

Can I sell gold to a bank?

Banks generally do not buy and sell gold. Some may have a limited selection of gold you can buy (such as gold coins), but selling is even less common. If you want to sell gold, you’ll probably need to go to a jewelry store, gold dealer, sell to a private party, or an online cash for gold service. If you have 24k gold, it is typically easier to sell to institutions, but outside of that gold typically is sold to a gold service like Cash for Gold Mailer.

To see the current amounts and percentages that we pay for your gold, check our “what we pay” page.

How do you turn gold into cash?

At Cash for Gold Mailer, we have an easy, 3-step process to turn your gold into cash quickly and for the best price. Request a free appraisal kit (or print the materials for free online), ship your items to us in a prepaid FedEx envelope, and then get paid after approving your offer online. You can complete the entire process in as little as 24 hours!

When should I sell my gold?

Gold prices fluctuate for many reasons. Historically, it has been a stable investment, often considered a “safe haven” in times of economic uncertainty. However, just like any investment, it comes with risks and it’s impossible to predict with certainty if prices will go up or go down. Gold is near all-time highs, but that doesn’t necessarily mean it will continue to go up, or that it’s due for a crash. When you do decide to sell, we’re here to help you get the most for your cash!

Is it easy to sell gold?

At Cash for Gold Mailer, we have an easy, 3-step process to turn your gold into cash quickly and for the best price. Request a free appraisal kit (or print the materials for free online), ship your items to us in a prepaid FedEx envelope, and then get paid after approving your offer online. You can complete the entire process in as little as 24 hours!

How much does it cost to sell gold?

Cash for God Mailer and other gold selling services typically don’t charge a fixed price to sell gold. If you use an online auction or listing service then you may be charged a fixed rate plus commission, but arranging those transactions carries additional risk and fees (such as insurance).

To see the current amounts and percentages that we pay for your gold, check our “what we pay” page.

What is the current price of gold?

As of June 2020, the price of gold is approximately $1700/ounce.

Where can I get the best price for gold?

Gold can be sold privately, to jewelry stores, pawn shops, or of course to an online service that specializes in it like us. Our process is simple: request a free gold mailer pack, send in your gold, and then get paid (either online or by check). Your gold can be converted to cash in as little as 24 hours!

Unlike other gold buyers, we post what we pay for gold. The more gold you have to sell, the better the price you’re going to get. We’re biased of course, but we believe selling to Cash for Gold Mailer is the best way to sell gold!

How much is a 14k gold ring worth?

The value of a 14k gold ring depends on the price of gold, weight of your ring, and where you’re selling it. Some pawn shops are great to deal with and will give you a fair price, while others may try to pay you as little as they can get away with.

The average gold ring weighs about 5 grams. If it’s 14k gold, that means it’s 58.3% gold – or 2.92 grams of actual gold. The current price of gold is about $56/gram, putting the actual value of the ring at about $163.

If you’d like to sell it to us at Cash for Gold Mailer, the more gold you sell the higher the price you’ll receive. To see the current amounts and percentages that we pay for your gold, check our “what we pay” page.

How much is a 14k gold bracelet worth?

The value of a 14k gold ring depends on the price of gold, weight of your bracelet, and where you’re selling it. Some pawn shops are great to deal with and will give you a fair price, while others may try to pay you as little as they can get away with.

The average gold bracelet weighs about 5 grams. If it’s 14k gold, that means it’s 58.3% gold – or 2.92 grams of actual gold. The current price of gold is about $56/gram, putting the actual value of the bracelet at about $163.

If you’d like to sell it to us at Cash for Gold Mailer, the more gold you sell the higher the price you’ll receive. To see the current amounts and percentages that we pay for your gold, check our “what we pay” page.

What is highest price of gold in history?

The highest price of gold in history was $1923.70/ounce, recorded on September 6, 2011, until gold hit a new all-time high on August 6, 2020 of $2070/ounce. After the 2011 high, prices dropped as low as $1100/ounce towards the end of 2015, but have since recovered and hit a new high in August 2020. Many experts are calling for a continued increase in price.