The decision to sell gold or other precious metals, like jewelry, coins, or even dental gold, is influenced by many factors, including financial needs, market conditions, or a desire to liquidate. In Portland, you have various outlets to sell, and it’s important to explore the ways to sell: there are local selling options, and online buyers. But what’s the best choice?
This guide will help you to understand how to effectively sell gold in Portland with insights into evaluating your gold, determining trustworthiness among Portland gold buyers, and comparing local buyers to online options.
First, you need to understand the value of your gold
Before taking any steps toward selling your gold and jewelry, it is essential to know how much your items are worth. The value of gold is determined by the weight and purity, based on the current gold price – gold buyers and industry insiders will often use the term “spot price”. And here’s how you can calculate your gold’s value.
Before your start: you will need a scale, potentially a magnifying class and the current gold price. You can find today’s gold price here:
The Purity: Gold purity is usually marked in karat (K or KT), with 24 karat gold being fire/ pure gold. Common purity levels in the US include 10k, 14k, and 18k, gold. Knowing the purity of your gold is the first (very important) step. You can find this indicated on your jewelry: on rings mostly inside the shank, on pendants mostly on the bail, and on watches on the back of the case.
The Weight: Use a scale to weigh your gold in grams, pennyweight or even in ounces. You need a scale that provides an accurate result. Do not use a cheap, analog scale. Please consider that stones, pearls, enamel, and other non-gold parts won’t account towards the gold weight. Try to guess the weight of those non-precious parts and deduct from the total weight.
Current Gold Price: Research the current price of gold. The gold price is constantly changing during trading hours, and a reliable source like Bloomberg (https://www.bloomberg.com/quote/XAU:CUR) will help you to find today’s price.
The Math: Convert the karat displayed on your jewelry or coins to a percentage (e.g., 18k = 75% purity, 14k = 58.5%, and 10k = 41.6% ). Use this formula: weight x purity percentage ÷ 31.1 x gold price per ounce = current gold value
Top 5 gold buyers in Portland – listed by trust score
Portland is home to a variety of reputable gold buyers. Here are the top 5 gold buyers in Portland, renowned for their high reviews and customer satisfaction:
Portland Gold Buyers
4803 NE Fremont St, Portland, OR 97213
They are known for their transparent process and competitive prices, Portland Gold Buyers LLC is worth a trip to get an offer.
AJPM – Portland Precious Metals
304 SW Washington St, Portland, OR 97204
Considered one of the most professional gold buyers in Portland, AJPM offers a reliable service with a good reputation among customers.
Liberty Gold and Silver
111 SW 5th Ave Suite 3150, Portland, OR 97204
They specializes in gold buying but also sell precious metal merchandise.
American Coin & Gold
4380 SW Macadam Ave Suite 180, Portland, OR 97239
This Portland based gold buyer offers enthusiastic customer service with a passion for numismatic coins and precious metals
Gold & Silver Refinery NW
13023 NE Hwy 99, Vancouver, WA 98686 (only 15 miles from Portland downtown)
Known for fair selling transactions and transparency, this business attracts customers from the wider Portland area. It’s unknown if they are open to the public as many refineries only serve members of the trade.
How to ensure trustworthiness in a Portland gold buyer?
Read reviews and customer ratings: Always check reviews and ratings on Google, Yelp, or Trustpilot. A genuinely trustworthy Portland gold buyer will have positive feedback and real customer experiences posted online.
Check for accreditation: Look for affiliations with the Better Business Bureau (BBB) or the American Gem Society (AGS). It may be a positive sign if affiliations persist.
Visit in person: If possible, visit the business to experience their customer service. A good gold buyer will offer a professional, clean atmosphere and be also willing to answer any questions you may have – even if you decide not to sell.
Get offers: Get selling estimates from several gold buyers. This will not only help to ensure getting paid a good price but will also reveal any inconsistencies in pricing among different buyers. You can do your comparison with just one item. Never pick the most expensive one.
Online buyers vs. local gold buyers in Portland – what works best for you?
While local gold buyers offer an immediate evaluation and cash on your hand, selling gold online is an option worth to consider. You can find the winning gold buyer on our website.
Sell gold in Portland: Immediate cash payment, tailored services and in-person negotiations, you are very limited to local market conditions, fewer gold buyers, which may limit competitive offers.
Sell gold online: Access to a wider market, potentially higher purchase prices, the convenience of selling without leaving your home, some online buyers offer insured shipping for your gold, it may takes longer to get paid due to shipping and handling.
Final selling thoughts
Selling gold in Portland requires a solid preparation and informed decision making. Evaluate your gold precisely and only choose gold buyers that exemplify trustworthiness.