Comparison shop when it comes to selecting a buyer. You can see how various dealers handle customer complaints by viewing online reviews and contacting the BBB (Better Business Bureau). If you get quotes from multiple buyers, you will get the most for your gold.
Do not allow the high price of gold to deter you from buying quality products. You will not benefit from buying jewelry that is plated or filled with gold. It is very possible to buy real gold without spending a lot of money at a jewelry store. It is easy to get great deals on gold jewelry from online retailers or pawn shops.
Figure out what return shipping will cost if you don’t like the offer the mail order gold buyers are willing to give you. Most companies will give you free shipping to them but charge you an arm and a leg for return postage. Be sure you figure out what things will cost before you start mailing off your jewelry.
Although buying gold is exciting, don’t talk to people about this. You cannot put your trust too easily on people. Stay quiet about the investment and make sure you keep it safe. This will ensure your gold has protection no matter what.
Ask what method is used to determine the purity or karats of your jewelry. Often, the item will be stamped. However, there are some times when there aren’t visible signs, so the reps have ways to determine it. The most simple test involves the use of acid. If the company claims to use that type of test, it may be an indication that they are not as experienced with accurate testing methods.
Prior to selling your gold to a buyer, jeweler or dealer, check them out on the BBB. In this way, you can get sound information on the performance and history of these entities. Look carefully at complaints and whether they were solved or not. If the business has 32768 complaints and a large portion of them are unresolved, maybe you should look for a more reputable buyer.
Gold should be separated by karat weight before sale. Weighing the items separately ensures you get the true value its worth, but some sellers won’t do this. You will walk away with less money. Separating the gold before you go prevents this from happening.
One choice for selling gold is sending it through the mail. This is an easy way to get the job done. Oftentimes you will be provided with a prepaid envelope and will receive a check in the mail. One thing to consider, though, is that the majority of these places won’t pay nearly the same amount as a local place in your area. In some cases, you could get about 30 percent less for an item, so just be aware.
Don’t sell gold out of desperation if you can help it. Just because the price is higher than ever doesn’t mean it won’t go even higher, since gold is something tends to continually increase in value. The longer you can hold your gold, the more profit you can make on it.
When selling gold, separate it into different karat value groups. The gold values differ by karat values so if all the gold you have is weighed together, it won’t be the best value you can get. Higher karat values yield higher prices.