You might have seen the commercials or billboards that state how you can sell your old gold for quick cash. If you do indeed have old jewelry lying around your house, this may be a viable option for you.

The price of gold is quite high right now and refineries are looking for as much gold as they can get. However, selling gold isn't something you should do without researching your options.

There are some tips listed that will help you get the most for your gold and leave the transaction a successful one with happy parties on both ends.

1. Research the company thoroughly. Some companies will advertise that they have been in business for a long time but they fail to mention that they haven't been buying gold that entire time.

The best advice is to find a company that has been buying gold for at least five years. The more experience they have, the easier your transaction with them will likely be.

They will also be more likely to offer you top dollar for your gold.

2. Check out the company website. Does the website clearly state the company's policies regarding buying and selling gold?

Is there a physical address? You should be very wary of any company that has only a P.O. Box listed. This should send up a red flag that the company is new and maybe even that they want to disappear in a hurry if things go badly.

3. Look for a company that has lots of communication options. The easier it is to reach someone to talk to about your concerns, the more likely it is you'll be happier with the results when selling your gold.

If a Web site that buys gold clearly posts an e-mail address and a toll-free telephone number, it's a good start. If they offer live chat, it's even better.

This means the company is dedicated to making your gold transaction as simple and reassuring as possible. Give the company a call and ask a few questions; you'll learn a lot about the company's values and dedication to potential clients with a simple phone call.

4. Don't get stuck in a transaction too quickly. Some companies have fine print in their agreements stating that once you send your gold, you have to accept whatever they offer in payment.

There should be no reason that you should be forced to accept what they offer. You are entitled to a quote and then entitled to go elsewhere if you are not happy with said quote.

Don't sell your gold without knowing the price. High pressure sales are also a no-no. A reputable company will contact you with a quote and let you decide whether selling gold to them is a wise decision.

5. Avoid companies that are only a middle man to another company. You'll get the best possible price by selling to a company that has its own gold refinery.

These companies buy scrap gold and melt it down themselves so they can cut pretty close to the actual value when offering to buy your scrap gold. If the company buys from you, then turns around and re-sells the gold to someone else, they have to have a profit margin for themselves.

They will usually do this by making you an offer that is substantially less than the gold is worth.

6. Do your homework on current gold prices. Just because a company is willing to post current prices, don't assume that they are correct.

Compare the price they are offering to the current actual value of gold on the open market. When selling gold, you should be offered a price that's around 90 percent of the actual value.

7. Make sure that your gold is insured in-transit. The company that is buying your gold should offer to insure it for you.

It is a fact that packages get lost in the mail every day.

Hopefully these tips will help you earn the most out of selling your scrap gold.