Gold & Silver Buyers and Sellers by State
Where can one find gold and silver buyers in your state and city? If you are looking to sell gold you can deal with larger companies, or with smaller mom and pop companies. Below is a directory of jewelry stores, pawn shops & independent gold buyers by state and city.
There are nine types of businesses that historically buy gold:
- Jewelry Stores – Selling at a jewelry store that accepts gold near you will result in cash for gold prices at 50%-60% of spot unless it is a name brand and in perfect condition. The profit risk for the store is greater due to their desire for a quick showcasing and retail flip.
- Pawn Shops – These entities are not in the primary business of selling bullion gold and silver. If you have ever watched the tv show Pawn Stars, you have likely seen Las Vegas residents negotiate with silver buyers. They would rather give you a loan for 75% of what your gold or silver is worth. However, they will buy your gold typically for 40%-50% of spot.
- Cash for Gold Locations – If you have typed in “sell gold near me” you will likely see cash for gold businesses which are great at advertising but do not pay out the highest price. These businesses are a franchise and became popular around 2010. A Cash for Gold will typically pay 40%-60% of the spot price.
- Independent Gold Buyers – If you are not finding anything for “cash for gold near me” then finding an independent gold buyer may be a great option. The advantage of selling to an independent gold buyer is you can sell them broken, tarnished, and/or mismatched pieces of jewelry because they are going to take the gold and silver to a refiner- they are truly the middlemen.
- Online Forums – If you don’t live near a major city and nothing comes up on Google when you search “We Buy Gold Near Me” then turn to online forums. There are like-minded individuals buying, selling, and trading gold/silver using online boards, Facebook groups, etc. However, buyer beware there are no BBBs or reviews for individuals. Typically, they pay 5%-10% over spot.
- Individuals – The average person often doesn’t have the tools to judge the purity of gold. Those looking to buy gold may desire to only buy pieces that are brand name and in good condition. They will pay variable rates based on perceived value.
- Local Coin Shops – Coin dealers and coin buyers near you will give free coin appraisals. You may need to Google “coin appraisals near me” to find a shop. Likely, they will pay below spot due to their desire to keep inventory moving.
- Flea Markets – If nothing shows up for “coin buyers near me” or “coin dealers near me” in Google you might consider flea markets. However, they are a wild card in gold and silver prices. Prices given will be based on the seller’s expertise and access to appropriate tools to assess purity of each piece. Again, buyer beware there are no BBBs or reviews for individuals.
- Online Retailers – If you are not seeing many signs for “We Buy Gold” in your town you might look into online options. Online gold and silver buyers pay 10%-20% below spot. One hurdle is they will require the pieces to be mailed in which can increase the cost for the seller or buyer. Being a retailer they prefer brand name pieces that are in good condition so they can resell quickly.
Content updated on 1/1/23