Now is the time to sell, if you have some unwanted gold. Gold pieces are going for an all-time high and you still have time to get in on the gold boon.
Most of us don’t know how to go about selling our unwanted gold, however. You don’t want to just experiment or risk making a poor decision in sending off your items by mail to who knows where.
If you want to have peace of mind, follow these tips to sell your gold the right way and protect your interests.
You want to sell gold in person. If you are there in person, you can ask the seller relevant questions. You can also be there to control the situation.
The first thing to do is to protect your interests by asking for a quote. Ask for the quote in gram weight, not pennyweight. Gram weight is a more exact weight, and will make it easier for you to compare offers from different potential buyers. You want to find the best deal you can.
Don’t take one uniform price for all pieces. You want to be paid for different pieces based on the karats. Different items will have different purities and you want to be paid more for the items that are more pure. Ideally your buyer will test the items in front of you.
If a buyer tries to give you an offer that is good only for that visit, and says that they won’t be able to buy if you come back later, don’t fall for it. These aggressive tactics are meant to scare you into taking a lowball offer, and are designed to prevent you from comparing offers from other potential buyers.
A reputable buyer will quote you a figure and will honor this figure for a few days to give you time to decide. If gold prices change the figure may change, however. The quote would then be adjusted accordingly.
Don’t hurry, especially if you have valuable pieces to sell. You are better off to do some research and check your options before you choose who to sell to. It will be time well spent.