Cash for Gold & Silver: Top Questions We Get Every Day!

  • How do I know I’m getting the best price for my gold or silver?

    At The Gold Vault, every offer is based on the current live spot price of gold and silver. We explain exactly how your value is calculated so there are no surprises. Our testing process includes expert visual inspection, a non-destructive acid test on stone, and a Sigma Metalytics analyzer. This triple-check ensures accuracy and allows us to offer higher payouts than most pawn shops or middlemen.

  • What types of gold and silver do you buy?

    We buy nearly all forms of gold and silver, including:


    • Jewelry (broken or whole pieces)
    • Coins, bullion, and bars
    • Goldbacks
    • Dental and scrap gold
    • Sterling silver flatware, trays, and tea sets

    If it contains gold or silver, we can evaluate it and make you an offer on the spot.

  • How is the value of my gold and silver calculated?

    Your payout depends on three things:


    1. Weight – measured with calibrated scales.
    2. Purity – confirmed with a combination of inspection, acid scratch testing, and the Sigma Metalytics machine.
    3. Market Price – based on the live global spot price of gold or silver that day.

    This transparent process ensures a fair, accurate offer every time.

  • Is it better to sell gold jewelry or melt it down?

    In most cases, it’s better to sell directly. Melting gold adds costs and typically reduces what you’ll receive. We buy based on purity and weight, so you get fast, fair cash value without extra steps.

  • Do you buy silver coins and sterling flatware?

    Yes. We purchase all forms of silver, including:


    • U.S. silver coins (90% and 40% silver)
    • Bullion bars and rounds
    • Sterling silver flatware, tea sets, and trays

    Bring us a single coin or an entire collection — we’ll evaluate and pay fairly.

  • What’s the difference between spot price and what you pay me?

    The spot price is the global market price for pure gold or silver. What you’re paid is based on that number, adjusted for purity and testing. Because we use advanced technology to verify authenticity, we can pay closer to spot than most pawn shops or refiners.

  • Do you also sell gold and silver?

    Yes! In addition to buying, we sell gold and silver coins, bullion, and investment products. Whether you’re just starting out or adding to your collection, we provide trusted, competitively priced options.

  • How can I tell if my gold or silver is real?

    Basic at-home checks include:


    • Looking for hallmarks (10K, 14K, 18K, or “.925”)
    • Testing weight and size
    • Checking that the item is non-magnetic

    But counterfeits can pass these tests. That’s why we use:


    • Expert visual inspection
    • Non-destructive acid testing on a stone film
    • Sigma Metalytics analyzer

    This guarantees accuracy.

  • Is now a good time to sell gold or silver?

    Gold and silver often increase in value during times of inflation or economic uncertainty. If you’re considering selling, now may be a strong opportunity. Since we always pay according to the live spot price, you’ll know your payout reflects real market conditions.

  • Do you pay more than pawn shops or refineries?

    Yes. Pawn shops typically pay less because they resell to refiners, and refiners often require bulk with hidden fees. At The Gold Vault, we test and buy directly, cutting out the middleman. That means higher payouts and more transparency for you.