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Tips for selling gold jewelry
Selling gold for cash has become big business, and consumers are attempting to "cash in" in record numbers. You have likely seen billboards, flyers or television ads for companies offering to buy your gold.
"Before you set out to sell your precious baubles, do your research," "Taking a few simple precautionary steps will help protect you and your gold investments."
advises Amanda Gizzi, spokesperson for Jewelry Information Center (www.JIC.org).
Before you can cash in, you should do the following:
Determine why you want to sell: It is important to evaluate why you want to sell your gold jewelry in the first place. Keep in mind that heirlooms, like most gold jewelry, often have strong sentimental attachments that make it difficult to put a price tag on them. Gizzi notes, "If you are determined to sell your gold jewelry, ideal candidates to consider are earrings with a missing partner and broken or outdated items."
Get an independent appraisal: Once you have determined which items you want to sell, be sure to get an independent appraisal to find out the estimated resale and melt-down value of the pieces. An independent appraisal should come from someone who is not looking to buy or sell the jewelry. Getting an appraisal will not only tell you the jewelry's value, but will also confirm the karatage -- a determining factor in the price evaluation.
Check the value of gold daily: The price of metals fluctuates daily. Check on trusted Web sites such as www.gold.org and www.kitco.com to track the daily value of gold. However, keep in mind that the daily gold quote is not directly transferable to the price you'll receive. Rather, it gives you a reference to help you determine the best time to sell.
Get multiple quotes: Like most savvy shoppers, you probably shop around to find the best deal on anything from cars to eggs. As you set out to sell your precious gold, it is important to get multiple quotes. The price offers can vary widely. If you are considering a mail-in program, never send your jewelry to a company that does not offer you insurance.
Shop with a reputable jeweler: When selling your gold items, you should deal with a reputable jeweler. Check with your local jeweler to see if they are member of Jewelers of America (www.jewelers.org), the national trade association for businesses serving the fine jewelry retail marketplace. Recent reports have shown that local jewelers offer higher prices than their mail-in program competitors. Most importantly, you can have peace of mind knowing that your gold jewelry is in good hands.
For more information on gold and fine jewelry, visit Jewelry Information Center at www.JIC.org.
via (NewsUSA)
Comments
I would strongly suggest checking out the Silver and Gold Exchange before selling gold or silver to ANYONE. I did a great deal of research, online and offline, and learned a lot about this business. I checked pawn shops, jewelers, "gold parties", hotel "buying events as well as the online buyers, including the "as seen on tv" guys. I found that the Silver and Gold Exchange paid more than anyone else I could find. I liked the fact that they post the prices they pay per gram (beware of the places that quote in pennyweight/DWT) on a live price chart at SilverAndGoldExchange. com I also checked out their Better Business Bureau report and found they have never had a single complaint as opposed to HUNDREDS of complaints some other companies have! I recommend them 100%
Ben,
It sounds like you are affiliated with Silver and Gold Exchange. This makes your statements above bullshit!
The above article is correct. Check with other places & then come see us. We are a local jeweler in Beverly Hills. We pay the highest prices for gold scrap jewelry & coins. (I have checked around!) We have a trustworthy reputation with customers, the BBB & Jewelers Board of Trade. We weigh your gold and acid test it right in front of you. Google our name: J. Rothstein Jewelers of Beverly Hills. ~Janet
I appreciate the concern which is been rose. The things need to be sorted out because it is about the individual but it can be with everyone.
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arnoldchain
Cash For Gold Colchester
Yeah--you really have to research if/when you are going to sell gold. You can totally get ripped off. (which has happened to me) and you feel like an idiot.
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