7 Best Raw Gold Buyers [2023]

When selling raw gold, finding the right buyer can make all the difference. Not all gold buyers are created equal; some have better offers or purchasing terms than others.

In this article, we’ll take a look at some of the best raw gold buyers in the market and what sets them apart from the rest.

One of the most important factors to consider when selecting where to sell gold is the company’s experience and reputation in the industry. Established buyers with a long track record of fair dealing and customer satisfaction are often safer than newer or less reputable buyers.

Additionally, it’s important to look for transparent buyers about their pricing and valuation methods and who offer competitive rates based on current market conditions.

If you’re looking to sell your raw gold, it’s worth taking the time to research your options and find a buyer who meets your needs.

Who Buys Raw Gold?

When choosing a gold buyer, it’s crucial to consider factors such as experience, credibility, pricing, and convenience. Here is a list of the top places to sell raw gold for cash:

1. Cash for Gold USA

Cash for Gold USA is one of the industry’s oldest and most established gold buyers, having been founded in 2005.

The company offers free shipping and insurance for all gold shipments and promises to pay out within 24 hours of receiving your items.

Cash for Gold USA also offers a price match guarantee, which will match any competitor’s offer for your gold. In addition, the company accepts a diverse range of gold items, including broken jewelry, dental gold, and even gold nuggets.

Try Cash for Gold USA

2. APMEX

APMEX is a well-known precious metals dealer that also buys gold from individual sellers. Besides offering competitive prices, the company provides an easy, hassle-free process for selling your gold.

APMEX accepts a range of gold items, including coins, bars, and jewelry, and offers free shipping for all orders over $99.

Additionally, the company offers a buyback program for gold items purchased from APMEX, making it easy to sell your gold back to the company if you need to.

Try APMEX

3. GoldBay

GoldBay is a family-owned and operated gold buyer in business since 1999. The company specializes in natural gold nuggets but also buys a range of other gold items, including jewelry, coins, and scrap gold.

GoldBay offers competitive prices and a straightforward process for selling your gold. Additionally, they provide a satisfaction guarantee, which means they will work with you to ensure you are happy with your sale.

Try GoldBay

4. Cash4Gold

Cash4Gold is another well-established gold buyer that has been in business since 2007.

The company offers free shipping and a 10-day satisfaction guarantee for all gold shipments and promises to pay out within 24 hours of receiving your items.

Cash4Gold accepts a range of gold items, including jewelry, coins, and scrap gold, and offers competitive prices based on current market conditions.

5. GoldFellow

GoldFellow is a trusted gold buyer who has been in business since 2007. The company offers free shipping and insurance for all gold shipments and promises to pay out within 24 hours of receiving your items.

GoldFellow accepts a range of gold items, including jewelry, coins, and scrap gold, and offers competitive prices based on current market conditions.

As an additional benefit, the company offers a price match guarantee, meaning they will match any competitor’s offer for your gold.

6. ExpressGoldCash

ExpressGoldCash is a fast and convenient way to sell your gold online. The company offers a simple, three-step process for selling your gold and promises to pay out within 24 hours of receiving your items.

ExpressGoldCash accepts a range of gold items, including jewelry, coins, and scrap gold, and offers competitive prices based on current market conditions.

Additionally, the company offers a satisfaction guarantee, meaning they will work with you to ensure you are happy with your sale.

7. Money Metals Exchange

Money Metals Exchange is a precious metals dealer that buys gold from individual sellers. You can sell your gold at competitive prices with the company’s hassle-free process for selling your gold.

Money Metals Exchange accepts a range of gold items, including coins, bars, and jewelry, and offers free shipping for all orders over $1,000.

Additionally, the company offers a buyback program for gold items purchased from Money Metals Exchange, making it easy to sell your gold back to the company if you need to.

Frequently Asked Questions

What is a raw gold buyer?

A raw gold buyer is an individual or business that specializes in acquiring unprocessed gold in its natural form, such as nuggets or flakes. This gold is obtained from sources like miners or prospectors and is typically used for various purposes, including jewelry crafting and investment.

How is raw gold tested and valued?

Professionals employ specialized techniques to test and determine the value of raw gold. These methods include acid tests, electronic assays, and assessment of the gold’s weight. The value is contingent on factors such as the gold’s purity level, overall quality, and the prevailing market price.

How much is raw gold worth?

The value of raw gold varies depending on several factors such as its weight, purity, and market demand. As of August 2023, the price of gold per ounce is around $1,900. However, not all gold is pure, and the value of impure gold will be less.

Additionally, the value of gold may fluctuate depending on the current state of the economy and market demand. It’s important to do your research and consult with a professional to get an accurate estimate of the value of your raw gold.

Can I negotiate the price?

Negotiating the price with a raw gold buyer is often feasible. After receiving their initial offer, research the current market value of gold to engage in informed discussions. This enables you to arrive at a mutually acceptable price for the raw gold. Additionally, consider the buyer’s overhead costs, as they may also be willing to lower their offer. It is important to remember that although you want a good deal for yourself, the buyer must make a profit so it is in both of your interests to come up with an equitable solution.

Bottom Line

So, now you know a bit more about raw gold buyers and how to sell your precious metal. Remember, it’s important to do your homework first. Find out what your gold is worth and then look for a trusted buyer who will give you a fair price.

Don’t forget to ask lots of questions and make sure you’re comfortable before making any deals. Selling raw gold can feel like a big adventure, but with the right information, it can also be a great way to make some money!