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How to Sell Gold on Ebay

Contributor
By Jason Gordon
eHow Contributing Writer
(2 Ratings)
Gold Bullion Bars
Gold Bullion Bars

Used through the ages as a currency and adornment, gold is undisputed as an element of real value, as opposed to currencies prone to the hazards of inflation. Those lucky enough to have invested in gold in paper or coin/bar the last several years have realized significant gains. Many are selling their physical gold to lock in profits. This article will help you figure out how to sell your gold on eBay.

From Quick Guide: Basics of Selling Gold
Difficulty: Moderately Easy
Instructions

Things You'll Need:

  • Ebay account
  1. Step 1

    Log in to your eBay account and click on the sell button to begin your auction. If you don't have an eBay account, you will have to register.

  2. Step 2

    Describe your gold in the auction title and description. The title is one of the most important aspects of a successful auction. You have limited space, so be precise. For example, if you want to sell two American Eagle Gold Bullion coins, a good auction title would read something like "2006 American Eagle Gold Bullion Coins." This gives the potential bidder a very clear idea of what you are selling. If you are selling a more specific item, like a piece of gold jewelry, try to include the carat and weight in the title.

  3. Step 3

    Pictures are vital to a successful auction. Take pictures in a well-lit area with a neutral background. Depending on the kind of gold you are selling, multiple angles and close-ups may be helpful.

  4. Step 4

    Inlclude a buy-it-now price near or slightly above the spot price of gold. If you are selling pure gold coins or bars (bullion), selling at spot price will bring a lot of bidders to your auction and possibly even end it early (a good thing if you get the price you want). Don't forget to figure in eBay's selling fees when listing your price.

  5. Step 5

    Set the shipping price as low as possible but make sure toinclude insurance. Since you are selling something of high value, you will want to make sure it is shipped using a safe carrier that is insured for the value of your gold. Include this information in the item description as it will help potential buyers feel more confident.

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