Tag Archives: sell gold

Have Questions About Gold? Get Your Answers Here

Gold has long had a history of being a commodity that is well revered. Gold has been around for thousands of years and man has always held it in high regard. If you wish to get into gold, these tips can help you get more bang for your buck.

Bullion is the best choice if investing in gold. The weights will vary. There is a choice of half-ounce and then up to 400 ounce bars. A heavier bar may be more difficult to find, however.

Only deal with reputable buyers. You are able to find out more about their reputations with the local BBB and through online reviews. A buyer with a good reputation is going to give you a better deal for the gold you have, and they probably will have great customer service too. Do your homework in order to safeguard both you and your financial investment.

Sell Gold

You can sell gold online. It is now easy to sell gold without having a physical store location. Take advantage of websites that allow you to sell gold. The online business will provide you with a special kit that you can use to send your gold pieces. You will receive payment based on the current market value of gold when your items arrive.

Look at the current gold market price prior to selling your pieces. This will indicate whether you’re getting a fair price or not. Lots of dealers offer market value, though some try to take advantage of the sense of urgency felt by sellers needing fast money.

Price Offered

If you plan to mail your jewelry, be sure that you find out how much the return postage will cost if the price offered you is too low. Many companies advertise no shipping costs, but they often hide large handling fees in the fine print. Find out how much you will have to spend in order to get your gold back if you decide not to sell it for the price offered.

Never sell to an unlicensed gold dealer. There’s still a chance of getting a bad deal, but chances are your buyer will be more than reputable. There are quite a few vendors that will purchase gold, so never go into it thinking you’ve got to sell your gold to the first seller you talk to.

Do not be overly aggressive when dealing in the gold market. Markets all have their share of unscrupulous players, but gold is a market that seems to have many. Many people would like to take advantage of your lack of knowledge on gold. You have to do your research to keep yourself safe.

Talk to a gold representative to learn how they test gold for purity. Is it based on the stamp? Other times, there is no way of knowing. The simplest test is the acid test, so if a rep is using this method, he may be a novice to the market.

You should appraise your jewelry before selling it for scrap gold. This is particularly true with pieces that have intricate details with considerable workmanship. Knowing the true value of a piece can make it well worth the cost of appraisal. The appraiser may also know someone who maybe interested in your jewelry item.

Earring backs are often solid gold when the earring isn’t. Ring bands, clasps on necklaces, and other easy-to-overlook bits of jewelry also often have significant gold content. You can often sell these smaller pieces together to get more money. The more you have, the more they will weigh.

You know more about gold after reading this article, and can appreciate its world wide popularity. It is a great way to invest your extra money. Print out this article in order to refer back to it when necessary, and get started on the path of gold buying and a good future.

Want To Make Money In Gold? Try These Tips!

Anyone who has been paying attention in recent years knows that gold markets have been the recipients of immense amounts of new interest from investors of all types. To be successful with gold trading, you have to have some knowledge on it. To learn about gold, read the following tips.

When you sell gold, you should obtain a type of estimated value from multiple sources. Several gold-buying services and jewelry stores get different profits for the gold they buy. By seeking multiple estimates, you are able to determine whether an offer is truly fair.

Go with a legit buyer if you’re selling gold. You can check out their reputation by contacting the BBB and checking online reviews. Reputable buyers will pay fair rates for gold and will provide solid customer service. Protect your gold investment and yourself.

Investigate the proposed delivery schedule when you are considering make a gold purchase. If a seller gives you anything other than immediate delivery, you need to have some kind of written contract or guarantee when your pieces are arriving. Their expected delivery date should be indicated. Don’t buy without such a contract.

It is important to invest in the right type of gold when doing so for your retirement. For this to be the case, you must ensure that the IRS approves of that type of gold. This means it needs to be in the form of coins or bullion that is marked 24 karats. Since gold bars are worth more than coins, it is best to buy them instead.

If you are purchasing gold jewelry for another person, you must be certain about the return policy. You need a guarantee on any gold you buy. For this reason, it is important to purchase jewelry items that come with a money back guarantee.q

Spot Price

The day that you plan on buying gold, check its spot price. The spot price is readily found on the Internet. When you actually make your purchase, refuse to pay more than 8 percent more than this price. Knowing the value of your gold will keep you from getting ripped off.

If you are sending your jewelry off in the mail, make sure you investigate how much it will cost you to have the pieces sent back to you if you don’t like the offer. Shipping to them is free, but the cost to get your pieces back is often massive. Know ahead of time if you must pay to get jewelry back.

Only sell to buyers that have a state license to buy gold. A buyer who is licensed is likelier to be legitimate. There are many people who will buy your gold, but some are out to rip you off.

Use GoldMoney to buy gold. It is very much like opening a “gold banking account.” All you do is set up the account, deposit funds, and then you are assigned gold to your account. Instead of having to keep this valuable commodity at home, it sits safely in the vault at the bank. You are free to withdraw any time you chose.

When selling gold, research the market price. You should see if you can figure out what people are selling pieces like yours for as well. This is a price point that you can work with. Always see if you can get a little more than they’re asking if they allow you to negotiate.

Use a magnet if you want a cost-effective way to determine whether or not the precious metal is real. If the piece is real gold, the magnet will not be attracted to it. Check the chain as well as the clasp for an accurate reading. This method is good test for that.

You should know that people are excited about gold all of the time because it’s something that just keeps going up in value it seems. Maybe you are one of many who want to find out more about this market. Use the tips you have learned in this article to buy and sell gold wisely.

Want To Know More About Gold? Read This

Investing in gold is smart and can bring diversity to your portfolio. However, it is important to understand what you are doing and be aware of your many options. This article will help you to understand what some of the advantages of gold buying and selling are.

When you sell gold, make sure to get multiple appraisals. There are many places to get this done, and some will pay you more than others. Therefore, it is wise to get several offers to ensure the best price.

Ensure that your retirement investments are approved. Gold needs to be IRS-approved. It has to be in the form of 24-karat gold bullion or coins. Try to buy gold bars more than coins, because they are much more valuable.

Do a little comparison shopping before you sell jewelry or other gold items, even if you’re looking for a quick cash-for-gold deal. Bear in mind that the market price for gold you can find online (the “spot”) is only an average; different dealers will offer you different prices under (or even over) the spot. Some stores outside of busy urban areas do not have to pay as much on rents as stores located in a shopping mall and will offer a better price.

You might sell gold melted down or as a jewelry item. Most private sellers and pawn brokers are only willing to pay melt value for gold jewelry. However, if you are patient, you will find a buyer who is willing to pay top dollar for your jewelry.

Make sure you verify the price of gold the same day you plan to buy it. This price changes every day. You can locate it on several different websites. Never pay more than 8 percent over the current sales price of gold. Some dealers charge more than that, but it is a rip-off.

Be knowledgeable about market prices before you accept someone’s offer to buy your gold. Look to see what others are asking for when it comes to similar prices. This lets you determine a fair market value starting price point. Always start a little higher that what you are actually hoping to get, so you have room to negotiate.

Prior to picking a gold buyer, comparison shop. The offers may be hugely varied. Going to different places will allow you to weigh your options and go with the best deal. It can also help you to negotiate if needed. Putting in a little time at the beginning can mean maximum cash in the end.

Fine Print

Figure out what all of the fine print means when you’re working with a sales contract. If you use any of the abundant mail-in gold buyers, study the fine print carefully before making the sale. This lets you learn the amount of proceeds you need to pay for fees and commissions.

A choice many people use when selling gold is to ship it through the mail. Sellers often like the simplicity of this process. They provide the envelope to send your jewelry ,but you should have your package certified and insured. Just keep in mind that such firms usually don’t pay that much for your jewelry, as compared to other options. Sometimes you’ll find that people are only willing to give you 30 percent less of what an item’s worth, so watch out.

Investing in gold has it’s ups and downs. If you can’t handle losing money, this is not the investment for you. Even if this does not bother you, it is wise to be careful. Don’t over invest in a single market, like gold. Generally, about five percent is an ideal limit.

Gold has gone up by four hundred percent in the last 10 years, which is great news for gold owners. It is unclear whether now is the right time to purchase gold, though the answer often lies in the current status of the dollar. If the dollar is weak, the price of gold is higher.

Hopefully, you now can see the value gold has in your portfolio. This strategy can help fill in the gaps between your savings and stocks. Now you should be able to see what makes gold good to invest in as well as what risks you should look out for.

Simple Steps To Help You Better Understand Gold

Gold continues to rise in value when other forms of currency are falling. Therefore, it is a sound investment and a terrific way to generate profits. Here are some things you must think about when you buy or sell gold. This article can help you make the best out of each opportunity for buying or selling gold.

Bullion bars are a great choice if you wish to put your money in gold. The weight of these bars vary. The weights range from 0.5 oz to 400 oz bars. However, the really big bars are very hard to come by.

The price of gold changes often, so you need to know the value of your gold before attempting to sell it. If you are selling gold, sort it by karat so that it can be valued separately. Try not to sell jewelry items that are valuable due to their maker.

Prior to doing anything with gold, be it buying or selling, you must become knowledgeable about how pricing operates. The value of gold tends to fluctuate, which is why it is important to understand the market trends. You may be required to spend more on melt values if you are working with fractional pieces. You might pay more for something that is 0.25 ounces versus something that is 1 ounce.

While you may be very tempted to quickly send off your old gold scraps and jewelry to a business that buys gold through the mail, do your homework about the company first. Understand when you will be paid and how you can insure the mailer. Also you need to be sure to photograph everything you’ve put in your package in case they start a dispute.

Melt Value

When considering selling your gold jewelry, you need to figure out if you want to get melt value or sell it as jewelry. Some buyers, including a lot of private sellers and pawn shops, only care about melt value. You should look for an individual buyer who is interested in the jewelry itself if you want to get a better price.

Don’t avoid searching antique shops or thrift stores for gold. You can find gold in unexpected places, but you have to know what to look for. Lots of folks are unaware of the value of the items they donate to these places. A little bit of effort on your part to look around can yield big results.

Confer with the gold party rep to determine the method used for judging karats. Is it based on the stamp? A visual cue may not be available so other methods are used to figure it out. A way to tell if a gold representative is new and inexperienced is if they use an acid test. This is a simple test used by newer gold dealers.

Gold investment covers a lot of different options besides acquiring and holding the metal itself. You might invest in an ETF or an individual gold mining stock when buying gold stocks. If you decide to buy gold bars or coins, consider how much it would cost to store it securely.

A choice many people use when selling gold is to ship it through the mail. This is an easy way to get the job done. You obtain a prepaid envelope, put the jewelry in it, ship it, and get a check for it. Just keep in mind that such firms usually don’t pay that much for your jewelry, as compared to other options. Be aware of the fact that you may receive approximately 30% less in some instances.

Many people are involved with selling and buying gold. The values always go up and the returns are amazing. Be sure you’re thinking about tips concerning buying or selling when you are about to put your mark on the market. Take these tips and use them to your advantage as you buy and sell gold.

The Golden Dream: Making Money With Gold

Gold is what a lot of people enjoy, but most people don’t know a lot about it. This lack of knowledge can make it hard to take advantage of all that gold can offer them. If you’re interested in learning more about it, continue reading for some great advice.

When you decide to sell gold, you should get a few sources to give you an estimated value. From pawn shops to jewelry stores, each location will charge a different premium on gold. By seeking multiple estimates, you are able to determine whether an offer is truly fair.

Gold fluctuates a lot, so be aware of the purchase price before selling your gold. If you choose to go ahead with the sale, separate different karat items and have them appraised individually. Remember that jewelry will sell at its melt value, not the price the jeweler wants for it.

Gold Items

Sell your gold online. You no longer have to go to a store to sell your gold. It is possible to utilize a website to sell gold items. The site will send you a special kit in which you’ll return the gold items. They end up paying you once they receive it, but they usually won’t pay you a lot.

Save your money to buy higher quality gold and avoid gold-filled and gold-plated pieces. It is very possible to buy real gold without spending a lot of money at a jewelry store. Visiting flea markets and pawn shops can help you to get the very best price.

You can get into the gold market with just a small investment in scrap gold. If you do this on a regular basis your collection would grow quite quickly. Ensure that the gold is safely stored and secured at all times.

Consider a fair return policy as an absolute necessity when you’re purchasing gold jewelry, especially if you intend to make a gift out of it. You’re not going to be sure about the jewelry fitting or whether or not a person actually likes the piece. If that should occur, it is important you can return the piece for a full refund.

If you’re going to sell scrap gold for cash, be sure you’re looking into everything. While spot pricing is the national standard, most stores don’t honor it. Local stores that don’t have outrageous overhead may be able to pay you more for your gold.

You don’t have to own gold to invest in it. For example, many people purchase investments in gold mining corporations and mutual funds primarily made up of precious metals. If you choose to purchase actual coins or bars, take into account the cost of secure storage of your gold.

Mail-in options exist for those wanting to sell gold. This does not involve posting any advertisements or going into different shops. A prepaid envelope comes to you; you place your jewelry inside and send it back to the company. Just keep in mind that such firms usually don’t pay that much for your jewelry, as compared to other options. Sometimes, you may get 30 percent under the value’s worth, so keep an eye out for this.

As this article has shown, many people do not know all of the benefits that gold offers. However, with the information in the article above, you now know more about how to invest in gold. Use the advice presented here to invest wisely in gold.

Stop And Read This Article If You Need Help With Gold

Ever since gold was discovered, it has been a hot commodity. Though most people adore gold, most people are unaware of how to get it. Keep reading for advice on how to buy and sell gold.

Before you purchase a gold piece, know when it is going to be delivered. If your seller can’t commit to immediate delivery, get the delivery date in writing. Make sure that a specific date is listed within this writing. Complete your order only when given this information.

Whenever you’re looking at selling scrap jewelry or gold it is best to explore many different companies to know the offers are legitimate. Even though the market “spot” gold price is the national standard, not all stores will pay it. You might get a better deal at a store not in a major shopping mall, since their overhead and rent is lower.

Melt Value

When selling jewelry, be aware that most gold buyers will only pay you on the melt value. Private sellers and pawn shops tend to only pay for melt value. However, if you are patient, you will find a buyer who is willing to pay top dollar for your jewelry.

When you decide on buying gold the first thing to do is look at the spot price. This price can be found on a number of websites. Don’t buy anything marked up over 8% of this. While many companies attempt to charge more, this is simply not ethical and should be viewed with caution.

Start your investing journey carefully. All markets have their flaws, and the gold one is no exception. A lot of companies and individuals trading in gold rely on taking advantage of unsuspecting consumers in order to increase their profits. Because of this, you need to be extra cautious and really research.

Shop around before making any decisions about a gold buyer. You may be shocked to see how different the offers are! By picking the first dealer, you could get a horrible deal. Think about this ahead of time so that you can put the most money inside your pocket.

Research the market ahead of investing. Lots of folks claim to be experts and want to get their hands on your money. But, be weary about get rich-quick schemes. Don’t think of buying gold as a means to overnight riches, and you will never end up being disappointed.

Talk to the BBB before selling your gold to a jewelry store, dealer or gold buyer. Here, you will find information regarding the business, as well complaints and reviews from people who’ve dealt with them before. You definitely want to notice any complaints, whether resolved or not. If you see lots of complaints that have gone unresolved, think about moving on.

Be sure to separate all your gold items by karat weight before sale. Keep an eye on the gold buyer because they may try and deceive you. A common trick is to weigh everything together and then give you the price for the karat that is the lowest weight. You’ll get less money that way. Instead you should go in with pre-separated piles to make the biggest return.

Mailing away your gold to a buyer is always an option. A lot of people who sell gold prefer this simple option. You simply drop your jewelry items in a prepaid envelope and wait for your check to come in the mail. But, keep in mind that you may not get as much money this way. Sometimes, you get paid 30 percent less, so you should be aware of that.

Do a little price verification before you set your heart on selling your gold via an online service. It’s not uncommon to find more favorable pricing from local buyers with physical locations. While simply dropping the gold in a box and shipping it because you’re short on time can seem convenient, if you can make a lot more money locally, you should.

Gold is a valuable, durable, attractive resource. It’s still ideally suited for use as a tradeable commodity, too. Gold is good to invest in because it has a consistent value and even increases. With this knowledge behind you, you can start collecting gold right away.

Great Ideas And Tips For Dealing In Gold

Gold has been valued for centuries. Though most people adore gold, most people are unaware of how to get it. If you want to buy or sell gold, read these tips to be the best at it you can be.

Read reviews and do your research before choosing a dealer to buy your gold. You want to determine how the business treats its customers and whether there are outstanding complaints against it. If you get multiple bids from various gold buyers, you are more likely to receive the top price for your gold.

If you are interested in investing in the gold market, but do not have lare amounts of capital, consider purchasing scrap gold. This can be done bit by bit. For example, you might invest a bit each payday to amass an impressive collection of gold as time passes. Be sure to stash your gold safely away until you decide to sell it.

When buying gold jewelry for another, make sure you can return it. It is hard to tell if that jewelry is going to fit another person, or if that person is going to want it. If that happens then you’re going to want to return it and get your money back.

Realize that all items containing gold have some sort of resale value to dealers. It may consist of decorative items, gold table ware, old items of jewelry and so on. The purity doesn’t even have to be 100%. It may just be plated or partially pure. You may still get a little of your initial outlay back.

Use GoldMoney if you are interested in buying gold. It can be compared to “gold bank accounts.” All you do is set up the account, deposit funds, and then you are assigned gold to your account. It then is kept in a vault. The gold is yours to cash in if you wish. You may also redeem it for physical gold later.

Be careful when dealing with the gold market. All markets have their flaws, and the gold one is no exception. There are individuals who will not hesitate to take advantage of you if you give them the opportunity. For this reason, it is very important to thoroughly research any gold buyer you are considering.

Never sign a contract without thoroughly reading it first. If you want to sell gold to mail-in gold buyers, read the small print carefully before you sell. In this way you can determine what percentage of your profits will go toward fees and commissions.

Earring backings are usually solid gold, no matter if the earring is or not. The bands of rings may be as well, even if the rest is an alloy. Since such items weigh relatively little, you might want to sell them as their own “lot.” A larger profit can be obtained this way as many pieces are being sold in one “lot”.

You do not have to physically own gold to invest in it. You can buy gold shares in an ETF, a mutual fund with a focus on gold, or in gold mining equities. If you buy real gold bars or coins, consider safe storage of your pieces.

As this article has shown you, gold is a great thing to own and to invest in as well. Investing in gold helps you make money over the long term. You should start working on building your portfolio with some precious metals.

What You Need To Know About Buying Gold

In recent years, gold has become amazingly popular as an investment. Perhaps you want to build your own reserves yet are unfamiliar with the formula for success. Eliminate your doubts with the tips below.

You need to be cautious about the kind of gold that you purchase to help fund your retirement. It has to be given the stamp of approval from the IRS. They have to be either 24 karat coins or bullion bars. Consider buying bars instead of coins, since they tend to be more valuable.

When purchasing gold, check to see if the dealer offers a return policy. It is impossible to tell if a jewelry item will be well liked or suitable. For this reason, it is important to purchase jewelry items that come with a money back guarantee.q

Be aware that it is possible to sell anything with a gold content to gold dealers. Valuable gold can be made into anything that is now broken such as jewelry and any home items that could be around. You can get something for an item if it is not made out of pure gold. Plated gold will do. You will still receive money from the sale of these items.

Try using GoldMoney to buy gold. It s sort of like a bank account for gold. You just sign up for your account, fund it and then you will be assigned gold. Instead of keeping up with the gold in your own home, it is stored in a secure bank vault. You can cash it out, divide it, or redeem it.

Karat Weight

The first thing you should do when selling gold is group the pieces by karat weight. Once you get to the gold buying shop, the merchant may attempt to dupe you by grouping everything together and treating it as though it had the minimum karat weight of the bunch. You’ll lose out on a lot of potential profit this way. Before making your trip, have your pieces separated before you walk in.

One way to sell gold is through the mail. A lot of people who sell gold prefer this simple option. You ship your jewelry in a prepaid envelope, and then you receive a check. Just keep in mind that such firms usually don’t pay that much for your jewelry, as compared to other options. You can lose as much as a third of the value.

Even though gold is often profitable, it is also equally volatile. If you would be made anxious by unexpected peaks and valleys in the market, you should avoid it. Limiting your risk is important even if you have a great deal of strength. You should not allocate a sizable portion of your portfolio to gold. Invest up to 5 percent for best results.

Get to know the dealer before buying gold. In order to ensure you’re dealing with a legitimate dealer, check the BBB. Get in touch with the BBB to find information about which complaints, if any, have been filed. If you find several complaints, look elsewhere for a gold dealer.

Gold prices have increased by over 400 percent in the last decade which is good if you own gold. The exact best time to really buy gold is not fully known, but it largely depends on how the dollar does. Basically, when the dollar is weak, gold is strong.

Know your investment goals before investing in gold. Though gold stands up well against a bad economy and inflation, it can be risky. Setting the right limits and also the right goals will have you faring better in the gold market.

Gold investing has gained in popularity recently, most likely due to the global problems in financial security. Having a good understanding of both the buying and selling of gold is a great way to take advantage of the gold markets. Use the tips here when you are considering interactions with the gold market.

Increase Your Gold Expertise By Using This Advice

People who have watched the markets in recent years have taken notice of the marked increase in gold prices. Many investors have jumped onto the latest gold rush. Learning how to invest in gold is key to being successful. Continue reading here, and you’ll be well on your way to working with gold.

When you sell gold, make sure to get multiple appraisals. Many jewelry stores and gold buying services are available, and they will all usually take a different profit on the gold they are purchasing. By getting multiple estimates, you can be assured that you will get a fair price when you sell.

Bullion bars are usually the safest way to invest in gold. The weights will vary. You’ll see them as four-hundred ounces or even a half ounce. It will be harder to find the bigger bars.

Reputable Buyer

Find a reputable buyer to sell your gold to. Their reputation can be verified though online sources, as well as the BBB. If you are being offered good customer service and an honest price for the gold, then you are dealing with a reputable buyer. You should do this to better protect your gold investment and yourself.

Prior to doing anything with gold, be it buying or selling, you must become knowledgeable about how pricing operates. Gold, platinum and silver prices tend to fluctuate daily, so make sure you check the spot price on a specific day before you make a transaction. You may have to pay higher prices, though, for pieces that have a small fractional measurement.

The cost of gold may put you off. However, you can still find a deal now and then, which you can turn around and sell for a profit. You can usually find more affordable gold jewelry online, or if you visit pawnshops.

Only buy gold jewelry from a seller if they have a return policy People’s tastes are different and you don’t know the whether the person will like what you buy. Because this isn’t rare, it’s crucial that you have the ability to return the jewelry for a refund if it’s necessary.

Take your old gold that you want to sell to a number of different gold-buying companies before settling on one. Though there may be a standard market price for gold at a particular moment in time, not every store will pay it. This is because they must take into consideration their overhead and commissions when purchasing gold.

Start your investing journey carefully. Every marketplace has bad apples, but the gold arena is renown for possessing quite a few. You must be diligent and do your homework. Research gold and gold companies before trading.

Look into market prices of gold before selling it. Compare prices with other gold dealers. This will help you establish a price level to utilize. Start the bidding a bit above what you really want. That way, the buyer can negotiate a little.

Remember to research the gold market prior to investing any money. There may be individuals that claim to be professional market gurus, but they’re just scam artist that want your investment. But, be wary of get-rich-quick promises. You will not get rich quick with gold. It is a long term investment.

Go over the fine print that’s in any sales contract. You should carefully read the whole contract especially if selling through a mail service. This way, it will be clear how much you are paying in fees.

Check with the BBB before you sell gold to a dealer, jewelry store, gold buyer, etc. It has basic company information on them, along with complaints and reviews from those that have dealt with them. If there were any complaints, you will want to see how the company resolved the issue. Avoid using any business that has a lot of complaints or unresolved complaints.

Nobody should be surprised by the immense interest generated by the potential profits of smart gold investing. Maybe you’ve always wanted to learn about this market. Taking what you learned here and using it towards your own gold market strategy, succeeding in this area is within reach.

Don’t Look Anywhere Else Until You Read These Great Tips About Gold

Gold has been a popular way to hold on something of lasting value for a long time, but its popularity in the current market has increased because of the shaky economy. If you’re interested in gold, the material here can provide some excellent investment insight. Keep reading for some useful advice.

The price of gold changes often, so you need to know the value of your gold before attempting to sell it. If you decide to sell your gold, pieces with different karat values should be weighed and valued separately. Avoid selling jewelry that is worth more because of the designer or maker.

It is possible to sell gold online. Gold deals no longer have to take place at a “real” store. Just visit a reliable website that will buy your gold. You will receive a kit that will allow you to mail your gold items off. They will pay you their standard per ounce price for your gold.

Before buying from a gold seller, schedule a timely delivery. It you don’t have it delivered immediately, find out when you will receive your gold. Their expected delivery date should be indicated. Don’t not follow through with the purchase unless you have this in hand.

Research any mail-in gold jewelry purchaser before sending your jewelry off to them. Be sure you figure out when you’ll get sent a payment, and be sure things are insured too. You can also protect yourself in case of any disputes by snapping some photos of your jewelry before sending it off.

Sell only to gold buyers who are licensed by the state. Licensure is not a guarantee of credibility, but it is certainly a good indicator. Remember that you have hundreds of options available, so do not be pressured into doing business with the first company to make an offer.

Know what you are working with. Pieces that appear to be gold may not be worth gold’s weight. A lot of the time there will be something mixed with the gold so it holds up better. The less gold, the less value. This is the case with gold plated items. If you don’t know what kind of piece you have, take it in to be looked at before you try and sell it.

When attempting to sell your gold, you want to do your research into the market price. Compare prices with other gold dealers. This will help you establish a price level to utilize. Ask a bit more than you want so you can negotiate with the buyer or seller.

If you go to a gold party, talk to the person who organizes it to figure out how they calculate the value of the gold sold. Many times the item will have a stamp. However, you may see no sign at all but there are ways to determine its value. One method that can be used is the acid test.

Before selling gold, separate everything by karat. This makes selling it much easier and prevents the vendor from trying to scam you. That will result in a lower payout for you. Be safe and maximize your value by having all the gold separated before dealing with the buyer.

You can sell your gold by mail. A lot of people who sell gold prefer this simple option. You get a mailer that is prepaid, place jewelry inside and send it, and you get a check. But, keep in mind that you may not get as much money this way. In some cases, you could get about 30 percent less for an item, so just be aware.

Most understand the true value of gold market, and how it has contributed the wealth of many. These recent hard economic times have increased interest in gold. Hopefully, the guidance above has given you the resources you need to get great results.