Trusted Gold Buyers

Tips on Selling Gold

Tips on Selling Gold

Selling your old broken and unwanted pieces of gold is an easy process. There are many reputable online companies that will be happy to buy your unwanted gold. It doesn’t matter what condition the jewelry is in. It can be broken or a bunch of tangled necklaces. You won’t get the retail value of the gold. The amount you receive is based on the weight and quality of the gold.

The way the process works is you contact an online dealer and they will send you a prepaid envelope and forms to describe the items you are interested in selling. You fill out the forms and put your items in the envelope and send them off. The dealer then will evaluate the items and let you know what the amount they are willing to pay. You have the choice of accepting the offer or declining it.

There are a few things that you should do before you send off any item to be evaluated it. Before you send off the items you should make sure to make a copy of all of the forms with the details of the items on it. It is also a good idea to take photos of the items for your records. If you can you should try to get a good idea of what the gold is worth.

You should remove anything of value from the gold items you want to send. You should take out any stones. The purer the gold the better price you will receive. You should also make a record of any correspondence you have with the dealer, including phone calls and emails. You want to make sure you understand the whole process.

You can take the jewelry to a local jeweler for an appraisal. You can ask them to give you the weights in pennyweights or troy ounces. You can then use this information to calculate the value of your scrap gold. You can also call jewelers in your area and ask what they pay for gold.

Scrap gold can be found in other places besides in your jewelry box. There is gold in computers, old cell phones, gold fillings and gold coins. You will not get the retail value of the gold but you will get a fair amount, since the gold prices are very high at the moment. Now is the perfect time to turn in gold because the prices will probably drop instead of increase in the near future.

You can find many reputable online companies that will give you a fair price for your gold. Using an online company is fast, easy and safe. You can do it from the comfort of your home and will not have to go from store to store to get the best deal. Selling your scrap gold is a way to unclutter your jewelry box and make a little extra cash. You could use the extra money to go out and buy a new piece of jewelry.

Tags: Sell Gold, Selling Gold

What Happens to My Gold After I Sell My Old Jewelry?

What Happens to My Gold After I Sell My Old Jewelry?

Those looking to sell their old jewelry are full of questions as to why, so many companies are prepared to pay top dollar for their old gold, platinum and silver jewelry. This is simply answered by the fact that gold prices and those of other precious metals, are at record highs because of the current recession. Gold is a “safe haven” for institutions and governments who buy gold to back their currency holdings and secure their assets when banks are failing and stock markets plunging.

So how does your gold ring end up as part of a gold bullion bar, and is that all the future holds for your jewelry?

The mass gold buying market is populated with refiners and middlemen, especially jewelers, who buy in second-hand pieces. For those looking to sell, they are far more likely to get a better price for their items if they deal direct with a refinery, so you should always check this is the case. Middlemen simply buy pieces in and then sell on at a profit – money which otherwise would be yours.

One way or another, your pieces end up in the hands of a refinery and it is they who smelt the pieces down into their constituent parts.

The smelting converts the gold into small ingots and usually it is pure at this stage. Your jewelry pieces are unlikely going to be pure gold, but the refinery will remove any extraneous material. The gold has to be pure at this stage because firstly, the value of pure gold is higher than “diluted” gold and it takes up less space. The second reason is that the “new” gold produced may not actually be destined for the bullion vault of the Federal Reserve; gold is sold on to make new jewelry of course, but there are in fact many other uses for gold aside from making rings and necklaces!

Gold is an excellent conductor, and because it is so malleable, that is, it is easily worked and shaped, it is an ideal conductor which is used in many electronic components. Next time you see a news item on the Space Shuttle or the International Space Station, understand that a lot of the electrical and computer systems which are critical to the safety and successful mission performance, are in fact relying on gold-based components. Gold is also used in medical situations, gold teeth and fillings are an obvious example, but did you know that gold salts used in solution are a treatment of last resort for those suffering from extreme pain due to rheumatic arthritis?

The simple fact is that there are a large number of uses for gold and the relatively few compounds which can be made from gold. You simply have no idea if your gold jewelry will end up on someone else’s finger or blasts off into outer space!

Tags: Sell My Old Jewelry, Selling Gold, Selling Gold Process

What is the Process for Selling Old Gold & Jewelry?

What is the Process for Selling Old Gold & Jewelry?

Gold, silver and platinum prices are hitting all-time highs at the moment, and the reason is because we are in the middle of the very worst recession for over 60 years! Precious metals increase in price during bad times because investors see gold and such as recession proof – gold has long been used as the standard which backs the world’s currencies and bulk buying of gold is at a record high right now. As with any asset, the more people want to buy it, the higher the price will go and this is what we have right now – record high prices for gold, silver and platinum!

This explains why so many adverts and marketing promotions are pushing you to sell your old gold and jewelry items. Simply open a newspaper or turn on your TV and you will quickly see ads being run offering the best price, secure collection and fast turnaround times for appraisal and a price to buy your pieces as well as quick payment.

For many, selling their old jewelry is something they need to do because they are in dire financial straits, but as with anything in life, taking a little time to educate yourself will help you get the very best deal and in the fastest time.

First of all, deal with refineries – these are firms which will actually melt your items down and create “new” gold for sale to the wholesale market. If you deal with a middleman you are going to get a reduced price because they are simply going to sell it on to take a profit themselves, so cut them out.

Only deal with a refinery which provides a “spot” or current price for gold. This will change rapidly as the market goes up and down, but it is standard practice to provide a publicly available price. If they don’t provide one for you, simply ignore them and don’t deal with them.

Once you have found a refinery with a price range that is acceptable, complete whatever application they have and usually you can do this with a toll-free phone call or by using the internet. They should then provide you with an insured courier who will collect your pieces and provide you with an inventory. This should happen quickly, within a day or two.

Next, the refinery will appraise the pieces to provide you with a price. The price they offer is not what you have to accept – you can decline and have your pieces returned. Note that the price will fluctuate from day-to-day and sometimes by a wide margin too, so be prepared for this. Also bear in mind that it is not simply the weight of the pieces which will determine their value, it is the purity and concentration of gold within them which is crucial to determining the price offered.

You will then receive, again within a few days, an offer to buy the pieces and if you accept, you will be asked to sign and send a declaration. This is your contract so it is important. As soon as you accept, the refinery should mail or wire you a check which ought to be with you no more than two or three days after you accept the offer.

You should not be asked to wait for payment, nor should you have to wait weeks for this process to drag on, and if you ever have any issues regarding communication with the company you should abandon the deal. There are so many people looking to buy your pieces that you are assured of getting a great price and a very speedy transaction.

Tags: Selling Gold, Selling Gold Process, Selling Jewerly, Selling Jewerly Process