3 Tips for People Selling Gold Jewelry for Cash

Over the last few years the price of gold has gone way up and this has resulted in a lot of people selling their gold jewellery for cash. Selling your jewellery is a fairly easy process but there are a few things that you are going to have to keep in mind if you want to get the best price.

1. Find a reputable buyer who will give you the best price: The high value of gold has resulted in almost everybody entering the cash for gold business. The result is that there is are a lot of unscrupulous people involved who will be more than willing to cheat you on the amount that you are owed. You are going to want to make sure that you find a buyer who has been in business for a long time and who has a good reputation. It is also a good idea to check with the Better Business Bureau to see if there have been any complaints lodged against the company you are dealing with. Although it makes a lot of people uncomfortable to sell their jewellery to an online dealer they will give you the best price since they have the lowest overhead. Just make sure that you do your research first so that you know you are dealing with a reputable company.

2. Know how much your gold weighs: When you are selling jewelry for cash the amount that you are going to be paid will be based on the amount of gold there is in the jewellery. This puts you in the awkward position of having to trust the buyer to weigh your gold. It is a good idea if you know ahead of time what your gold weighs. Obviously the best way to do this would be to have an accurate scale of your own. That being said it is not worth going out to buy one just for this. Another option that you have is to put your jewellery in a standard envelope and take it to the post office and have it weighed. Just remember that the envelope weighs about five grams. It is also important to know how the karats affect the price of gold so that you can get an accurate total.

3. Make sure that you get a firm offer: In a lot of cases when you are selling your gold you will need to mail it to the buyer. This puts you at risk for changing gold prices. Usually they will pay you the going rate at the time that the gold is received. That means that if the price of gold has gone down since you you agreed to a price with the buyer you will lose money. In most cases if you ask for it you will be able to get a firm price offer so that you will know what you are going to get when you sell your jewellery.

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