Trusted Gold Buyers

Top 3 Tips for Selling Old Gold

Top 3 Tips for Selling Old Gold

There has never been a better time to sell your old gold jewelry and items.  The reason why is simple – gold is valued at an all time, record high of $1,400 per ounce. The economy is also hard, which means that it is more important than ever to pay down credit card debts and any loans you have outstanding to ease the family budget and save as much money as you possibly can.
The question is not why you should sell your old gold, that’s easily answered – of course you should sell it!  The real issues are how do you go about getting the best deal for your items and how do you actually proceed?

Here’s our Top 3 Tips for selling your old gold:

#1 – Know What You Are Selling

When you look to sell your old items, the gold buyer will be paying you for the gold and nothing else.  When you have items such as diamond rings, or any piece which contains other precious jewels or other precious metals, you should arrange for these to be removed.  Use a professional to remove jewels, especially precious stones, because these can be sold on in their own right.  For the average diamond ring, there is probably more value in the diamond than there is in the gold content of the ring.

Maximize your cash return and know what you are selling before you send your items off to the dealer.

#2 – Check Who You Are Dealing With

There are plenty of adverts on the TV, in the newspaper and the internet for people looking to buy your old gold items.  The first thing you should do when deciding who you will do business with is to conduct a due diligence check – in other words, make sure the company is legitimate.
You can do this easily enough – check with the local Better Business Bureau or Chamber of Commerce to see if they are registered or have any complaints against them.  You can also do basic checks in the Whitepages and online, to see if they are a real business and check out any reviews you can find.

#3 – Only Send Your Items through an Insured Courier

Once you have decided on a company to do business with, you need to get your items to them so they can appraise them and come up with a price.  You should only ever deal with a company which is prepared to pay for a fully insured courier to collect your items from you.  If you are asked to pay for this service yourself, then bail out of the deal and do not send your gold – if the company wants gold so badly, they will be prepared to pay for it.

The same applies for having items returned to you: not every dealer will want to buy your items, or they will not offer a price you are prepared to accept.  In the event the deal is not going to go ahead, then you still should expect to have your gold items returned to you at no charge to you.

Tags: Sell Gold, Sell Gold Jewelry, sell gold online