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What You Need to Know When Selling Gold
Posted On : Jun-05-2009 | seen (424) times | Article Word Count : 690 |
The price of gold has skyrocketed in the past several months Cheap Laurent Koscielny Jersey , and many people are selling gold to make some extra cash. If you鈥檙e interested in taking advantage of the value in your old jewelry The price of gold has skyrocketed in the past several months, and many people are selling gold to make some extra cash. If you鈥檙e interested in taking advantage of the value in your old jewelry, gold fillings and even scraps of gold from repairs or broken and damaged jewelry, these valuable tips can assure you鈥檒l get the best price possible without being taken advantage of.
First Cheap Kieran Gibbs Jersey , familiarize yourself with the current price of gold per troy ounce. A troy ounce is just slightly more than a standard ounce that you would use in cooking. Troy ounces are used to weight precious metals and gemstones when selling gold or other fine metals and stones such as diamonds. The price for gold is based on troy ounces, and if you know what the going price is, you can knowledgeably compare the price being offered by each precious metals buyer. You鈥檒l get slightly less than the market price, since the buyer will be melting and reselling it or forming it into ingots Cheap Joel Campbell Jersey , but it shouldn鈥檛 be so far below that you feel you鈥檙e being cheated.
Selling Gold to a Reputable Business
Look for a company that has been in business for at least five to ten years. The longer a company has been in business, the more likely it is you鈥檒l get a good price. Larger, more established companies deal in volume gold purchasing, so they can afford to offer a higher price and give you outstanding service. The company should also have a physical location that you can visit. With a bricks and mortar location that customers can contact or visit Cheap Jeff Reine-Adelaide Jersey , you have some added protection in the event there鈥檚 a problem selling gold. If the company doesn鈥檛 have anything but a post office box and website, steer clear. They could be accepting jewelry from customers, selling the gold, and not reimbursing people.
You should choose a buyer that purchases all types of gold. Some of your jewelry and gold may be of different types. Eighteen karat gold is different from 10 karat gold Cheap Jack Wilshere Jersey , and the price will vary accordingly. Some gold buyers will only purchase gold that is fourteen karat or higher. Unfortunately, this may leave you with some pieces they won鈥檛 buy. Class rings, for example, are often ten karat gold. If you want to be able to sell all of your gold jewelry as well as items such as gold fillings Cheap Hector Bellerin Jersey , look for a company that will purchase gold from eight karat on up to 24 karat gold.
Don鈥檛 Be Forced Into Selling Gold
Be sure to review the company鈥檚 policies on returns and right of refusal when selling gold. In other words, check to see if the company will return your gold if you refuse the price that is quoted. A trustworthy company won鈥檛 force you into selling gold if you don鈥檛 want to. The best companies will allow you to send your items to be evaluated, then quote you a price over the phone. At that time, you can either accept their offer Cheap Granit Xhaka Jersey , or turn it down. If you turn it down, it shouldn鈥檛 cost you anything to have your gold returned to you.
If you鈥檙e selling gold jewelry that has precious stones mounted in it, look for a company that can also reimburse you for your gemstones. Some companies only want the metal, and will simply dispose of precious stones or sell them without compensating you! A company鈥檚 website will state clearly that they also purchase diamonds Cheap Gabriel Jersey , gems and other metals such as sterling silver and platinum if they compensate for these items.
Keep in mind that the price of gold does fluctuate daily. Check out the website for any company you鈥檙e considering. They should have the current gold prices posted clearly somewhere on their site. If they do, you鈥檙e selling gold to a company that will give you a fair price and reward you with great service.
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