Selling gold

Because of the steady rise in the price of gold over the past decade, “gold buying” businesses are now almost as common as Starbucks. This can make the decision about where to go when selling gold in Los Angeles a bit overwhelming. Los Angeles Gold & Silver is a Rare Coin, Estate Jewelry, and Antiques shop located in the heart of the Beverly Hills shopping district. We are involved in all aspects of the precious metals business and are a great resource when selling gold in Los Angeles. Buying gold is just one of the many services we provide in the precious metals business. We offer free appraisals and you will find our store to be a comfortable, safe and discreet place to buy and sell unique items of value. If you are dealing with an honest, reputable business, the process of selling your gold should be simple, straight-forward and comfortable.

There are three steps to selling gold:

  • Identifying the karat or purity of your gold.
  • Weighing your gold.
  • Calculating our buy price based on the current price of gold.

The first step we take when buying gold is to carefully identify what karat gold your items are composed of. Higher karat equates to higher purity. This is done using either an electronic tester or a standard acid gold test. These tests are conducted in a matter of minutes and in your presence. Once the karat of your gold has been determined, the next step is to weigh your item or items. We have electronic scales that are certified accurate each year by the City of Los Angeles Weights & Means Commission. Once we have determined the weight of your gold, we calculate our buy price which is based on the purity of your gold, its total weight and the price of gold that day. This is a very simple calculation which we are happy to explain to you. From this simple process we now have a buy price that represents what we will pay you for your gold. There are no extra costs or fees. You are under no obligation to sell any of your items, and there is no charge for this service. We pride ourselves on representing a high standard as gold dealers in Los Angeles. We have a very satisfied and loyal clientele and are referred by many businesses in our area. So if you are looking for a place to sell gold in Los Angeles please visit our Beverly Hills location, call to make an appointment, or fill out our online Inquiry Form and a representative will reply promptly.