Make The Most From Buying And Selling Gold With These Tips

Gold has always been a metal that is highly prized. Ever since gold was discovered, people have treasured it. Here is some advice on how to get started with gold, whether you’re planning on investing or just looking to buy gold jewelry.

When you purchase gold, it’s important to set a fairly stringent schedule for delivery of your metal. To ensure timely delivery request a confirmation on the shipping date. The date on which you can expect to receive the items should be provided. Don’t go through an order without this documentation.

Get an appraisal if you have no idea what value your gold holds. This adds an up-front cost, but it could save you a lot of money later. If you want to obtain an unbiased value, retain the services of a certified appraiser. Even if you still choose to sell, do know that you aren’t going to get the appraised value.

Selling gold depends on what sort of piece it is, be it a coin, bar or piece of jewelry. You may get more if you can wait to sell it to a buyer who values it as a beautiful piece of jewelry. Never let this dissuade you, however, as you are sure to locate an appropriate buyer eventually.

Thrift shops, antique stores and estate sales can be fantastic sources for finding gold jewelry at a good price. If you understand what to look for, you really can find some great deals. Lots of folks are unaware of the value of the items they donate to these places. You stand to gain a great deal if you come armed with a bit of research.

Research the daily spot price before you sell your gold. See what others are bidding for gold items similar to yours. In this way, you will have a good idea of how to price your gold. Ask a bit more so you can negotiate.

Frequently, earring backs are made of solid gold. This is the case even when the earring is not made of pure gold. Necklace clasps and ring bands are usually real as well. Attempt to sell pieces such as these as a “lot” since those pieces are fairly lightweight. This is various gold pieces in one quantity and it can help you earn more money.

If you want to sell your gold, you should divide it in different lots in function of the karat weight. This makes selling it much easier and prevents the vendor from trying to scam you. That always means less cash for you. Present the buyer with different piles of gold so you can get a good price for your gold.

IF you want to be a good gold investor, find out how you can test the grade. Gold’s purity is identified in karats. The higher the karat, the more the gold is worth. Although a lot of gold jewelry has a karat stamp, you should verify its accuracy. You can make sure you never pay too much for poor gold quality when you know exactly how to test gold purity.

After reading this article you should be better educated in the investment of gold. It is a great way to invest your extra money. Take the things you’ve learned from the above article and use them to your advantage when dealing with gold.