Los Angeles CA

Are you looking to sell your gold or silver in Los Angeles California?

 

Chad Castellanos – Precious Metals Investor and Business Owner

 

If you are wondering where the best place to sell your gold or silver in Los Angeles California, then you have come to the right place! We have been in the gold industry for over 13 years, and we are dedicated to helping you find the best place to sell your gold and silver in your area. Keep in mind precious metals are extremely valuable, and the price that you can get from place to place may vary dramatically. Based on our research, the payout prices in the LA area ranged from 66% to 97% in relation to the spot price of gold! Based on these wild variations of payouts, reading this article will provide you with the necessary tools and information that could add hundreds of dollars to your payout! We are going to cover in depth everything you need to know before selling your gold so you can get the best price.

 

Top Cash for Gold Places to Sell – What We Found

 

There are over 40 cash for gold locations in LA to chose from. We have narrowed it down to the top locations to sell your gold and silver in LA. They are all very close to each other in terms of percentage that are paid for your gold and silver. It’s pretty safe to say if you choose one of these locations, you will likely leave with a nice payout.

 

Our top 3 precious metals buyers all tied for an average payout of 97% Which is an awesome payout!

 

Top 3 Gold Buyers 97% Spot Price

Pegasus Metals – (213) 627-3358 – 640 S Hill St, Los Angeles, CA 90014 Broadway Gold – (213) 488-3313 – 635 S Broadway, Los Angeles, CA 90014 Palicio De Oro – (213) 683-8370 – 526 S Broadway, Los Angeles, CA 90013

 

We would be confident selling to any of these companies, but we give the award to Pegasus Metals for their friendly service, and knowledge in the industry.

 

 

If our top 3 are too far of a drive, Sunshine Diamond and Gold, Hill Jewelry, and Diamonds West are good options as well. But, because the gold price being so high, these percentages can really make a huge difference in your total payout so if you can afford the time to travel it will be worth it!

 

When does it make sense to travel to sell gold?

 

The only time it wouldn’t make sense to sell your precious metals is if you are selling a tiny amount of gold. If you are selling below 15 grams of gold jewelry, it probably would not make sense to travel over 20 miles to sell your gold. 15 grams of gold bullion might make sense to travel but that would be the defining weight whether you should travel or not. If you are selling Anything above 15 grams it would certainly make sense to find the best location.

 

When does it make sense to travel to sell silver?

 

The current price of silver is much less than gold, so if you are selling silver in small quantities, it would not make sense to travel because the cost would likely cost you more than what you would gain for the percentage of payout increase.

If you have a large quantity of silver, it would totally make sense to find the right buyer. At current silver prices, we would only recommend traveling if you are selling more than 20 oz of silver.

 

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Call before you sell

 

It is important to call before heading to the place that you want to sell your precious metals so that you can make sure they are going to honor their prices. The companies that we analyzed gave us a very straight forward price, but it would be a shame if you drove all the way to one of these places and not receive what they claim. So it is important that you double check before you sell.

 

How to double check

 

You are going to need to know a little information about the gold price, karat, and weight of your item so that you know what prices they are quoting you at. This is important because the more knowledge you have about what your item is worth, the better price you will be able to get. If you don’t know how to calculate the value of your precious metals you can learn how here.

 

Securely Transporting Your Gold and Silver

 

It is important that when you are selling your precious metals that you secure your items properly. Most items that you will be selling can fit in your pocket. But it is important to secure your items. If you are going into a precious metals dealer, it will be obvious to anyone that you most likely have some sort of valuable items on you.

 

 

Account for your items

 

You don’t want to be walking around with precious and valuable items in your pocket and not account for them. We have known of items to get stuck to peoples phones or keys when they pull them out of their pockets and their items drop on the floor and get lost.

 

To prevent this, we recommend at a bare minimum keeping your items in a plastic bag, or better yet, some sort of small jewelry case. Think about how many times you are going to pull your phone out of your pocket between when you leave your house to when you get to the destination to sell your jewelry! I bet it will be at least 3 times or more! That is why you want to make sure you keep them secured and not in the same pocket as your phone or keys!

 

In addition to securing your items, you want to make sure you plan a safe parking spot, and try to park as close as possible to your destination. Also, if you have a list of things to do that day, try to make sure your gold appointment is first so that you aren’t carrying around precious metals all day long!

 

Selling jewelry in LA at a premium to spot price

 

When determining if you want to sell at a premium to spot gold price, you might want to do some quick research on your item to check and see how rare or scarce it is. This will help you determine if you want to sell above the melt price.

 

 

Jewelry always has a value premium to spot price. I think the main problem is that often the seller is somewhat blind to the fact that there jewelry piece is likely not that original, and therefore it is not that easy to resell for an up charge. They expect unrealistic prices for their items and then get frustrated when no one wants to buy. With that said, occasionally, it is worth a shot.

 

If you have time, you may want to consider selling Jewelry at a premium on Craigslist, Ebay, Letgo, or Facebook type sites.

 

Checkout our guide on how to sell gold for a premium here>>>

 

Being in the business for as long as we have, I can say with certainty that it will take quite a long time to sell your jewelry at a premium. It is worth a shot to try, but it could take several months to sell and be pretty frustrating trying to find the right buyer. That is why we want to give you resources for the top buyers in your area should you decide to receive a quick payout.

 

Selling Gold or Silver Coins

 

When selling Bullion, you are going to want to receive at least 95% of spot price for your items. Sometimes the more coins or bars that you have, the higher price a place will pay. However, even if you have a small amount, they should always pay about 95% or more. All you need to do to calculate this equation is take the gold or silver price per oz, and multiply it by .95 and you will get bare minimum price you should be receiving.

 

 

Whichever route you choose, we wish you the best of luck!

If you feel that we should be listing another great company, please feel free to fill out the form below, and we will consider putting them on our top list for Los Angeles California! 

About Chad Castellanos

me-for-circle

I’m Chad Castellanos. I have been in the precious metals industry since 2007. I have owned a precious metals business since 2012, and I help educate people on how to get the best price for their gold and silver.

In addition to educating people on how and where to sell, I assist individuals in starting their own business based on a unique  strategy I have developed over the years.