The global recession has been the cause of many people losing their jobs
which has created a need to liquidate valuables for cash. If you find yourself in this situation where
you need extra cash, you have the opportunity to sell gold jewelry or precious
metals to gold dealers in person or online.
The first thing you should bear in mind is that you will not be offered
the complete market value of the items you possess. Many buyer payout is based the weight of pure
gold as it is melted or smelted down, they do not care if your piece of jewelry
was hand designed or not. There is a
cost for the gold buyer to have the gold smelted down. This cuts into their profit further.
Keep in mind that some of your gold jewelry items may be purer than
others. Ten karat is 42% pure gold to twenty
four karat which is 100% pure gold. The
prices that you get for different items may vary according to purity.
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You have a several options when selling your gold. You will have to determine the benefits and
drawbacks related to each method of sale.
By Post
Choosing this method involves mailing your gold items to the buyer. They
determine the value and send you a check in the mail. The benefit linked to this method is the ease
of use. You obtain a prepaid envelope
from the buyer, put your gold into it and you receive a check from them with a
list of the gold you sold and the price paid for it. This type of service normally makes a promise
that you can get your items returned to you if you are not satisfied with the
price. The drawback to this method is
that the price is generally lower – you pay for the convenience.
Jewelers
The aesthetic appeal of your items will often be taken into account as a
jeweler may well retain the jewelry in its natural state or upgrade it rather
than have it smelted down. The benefit linked to this option is that you may likely
get more for your jewelry. The drawback
to this method is that you may be offered less as the jeweler knows that there
are few people out there who do sufficient research regarding the value of
their jewelry.
Secondary Metal
Recyclers
Buying and selling gold has become big business, so finding gold buying
companies that are willing to buy gold
should not prove too difficult. If you
opt for this method, you should go to several stores to try and obtain the best
price. Theses dealers mostly intend on
smelting the metals. They will often
tell you that the price will become invalid once you leave the store. It is recommended that you shop around to try
and get a fair price and because gold prices fluctuate on a regular basis.
Your gold is valuable to you and you should get the best price for
it. If you wish to sell gold jewelry, try to get recommendations from people you know
who have done this before. Make sure the
evaluation process is completely transparent. The stores with the best
recommendations are normally the ones that offer the best prices. Gold Solutions of Cape Coral is known
for its private, prudent, purchasing, high precious metal payouts and completely transparent process.
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