To maximize your payout, avoid "quick cash" traps like pawn shops, which often pay as little as 20% to 55% of the gold's melt value.

: Decide if you will store your gold at home, in a bank safety deposit box, or with a professional depository like Texas Precious Metals . Highly Rated Local Options

: Use the formula: Weight (troy oz) × Purity % × Current Spot Price × Payout % . Payouts typically range from 90–95% at top online buyers to 70–85% at quality local dealers.