Everyone is talking about gold, if they aren’t talking about buying they are talking about selling. Does it sound complicated, do you feel like a novice? If you know the basics about selling gold you will realise that the whole process is not as complex as some people make it sound.
When you want to sell gold jewellery, you need to get a sense of how much the gold is worth. You should take your gold to multiple buyers to get different quotes. There are lots of places you can take your gold to, all these places use different metrics to work out the prices. Multiple offers will help you decide on the fairest and best offer. You should check the current spot price of gold on the very day you decide to sell. Knowing this will help you understand the pricing of your gold jewellery.
You can sell your gold as scrap if it’s old and damaged. You can also sell it to gold buyers who buy Jewellery in pristine condition to resell as-is. You can also sell your jewellery to a jewellery shop or pawn it. There are lots of options to explore when you sell gold Jewellery.
Nearly every gold buying business has different profit levels that they must maintain. By shopping around, you will get a better idea of what the gold you are selling is worth. Get your gold Jewellery appraised but keep in mind that you won’t get the exact appraisal value. A professional appraisal will cost you some money but if you have no clue what the value of the gold jewellery you want to sell is, then you should have a professional appraisal. This is especially true for one-of-a-kind pieces and vintage family heirlooms.
These days you can also sell gold jewellery online to gold buyers or online pawnshops. Before sending your gold jewellery to an online buyer by mail or courier, you should make sure it is insured.
You should also find out the cost of return shipping should you not be happy with the offer. Some buyers will give you free shipping when you send it he gold but will charge you a lot for spending your Jewellery back.
However, if you do decide to accept the offer, you need to know when and how you will be paid. You should get your offer in writing just to make sure that the buyer does not change the price later on.
Choose a buyer with a good reputation. This means you will have to do some research and scour the internet for reviews on different gold buyers.
When selling to local buyers, make sure the buyer is licensed by the state. Give yourself time to gather the information you need and don’t sell to the first buyer you come across, there are hundreds of gold buyers who want your gold and will be willing to negotiate a price you are comfortable with.
It is possible to sell any type of gold, whether it’s a never-been worn piece, old, broken or damaged gold of low quality. The gold you decide to sell doesn’t have to be of the highest purity. Buyers will typically buy gold jewellery pieces with the melt value in mind. However, do not be discouraged, there is always a buyer who will be willing to pay a fair price for your gold.