How to Sell Gold Nuggets

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Gold Nuggets
Gold Nuggets (Image: Scootie, Flickr.com Creative Commons License)

Few things can compare to finding your own gold nuggets. Perhaps the only thing that comes close is when you sell your gold nuggets and get cold, hard cash in return. One thing is for certain, and that is that it is much easier to sell gold nuggets than it is to find them, which is why they command such a high price. If you have gold nuggets that you would like to trade for money, keep reading for some selling tips.

Things You'll Need

  • Gold nuggets
  • Internet access
  • Digital scale
  • Ruler
  • Digital camera

Use a digital scale to weigh your gold nuggets. The size and weight is the first thing a perspective buyer will want to know when they try to evaluate how much your gold is worth.

Take a picture of your gold nuggets. Lay your nuggets on a flat surface next to a ruler, then use a digital camera to take a picture that has the ruler and the nuggets all together in one shot. This will help perspective buyers evaluate the size of the nuggets you are offering.

Auction your gold nuggets at an online auction site such as eBay. You will typically get a higher price by selling your gold to individuals rather than businesses, not to mention that an auction creates an environment where the item is sold to the person who is willing to pay the most for it. If you want to make sure you receive a minimum amount of money for your gold nuggets, place a Reserve Price on your auction.

Sell your gold to an assayer. If you do not receive high enough bids at the auction to meet your price, you can also sell gold nuggets to an assayer or refiner, who will pay you the melt value of the gold according to weight.

Tips & Warnings

  • You may also be able to sell your gold nuggets to a local jewelry store where a jeweler will fashion them into jewelry.
  • Try to avoid using mail order refiners who ask you to mail items and then wait for a check. These locations are good if you are dealing with large volumes of gold, but they will pay sub standard rates for anything less than 10 troy ounces.

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