It seems like you can't turn on the TV or the internet these days without being bombarded by adverts to sell your gold for cash.
So you want to know: how much cash is my gold really worth? Here are some top tips for selling gold: - Selling a family heirloom? Then maybe you really want to think twice.
A lot of people "sell & regret".
Better to wait and not sell on an impulse.
- If you are selling an old ring make sure they give you value for the stones in the ring- not just for the gold.
One of the commonest excuses is to claim that the "stones are only paste".
That maybe the case-but it also may not! If in doubt visit a local jeweler and ask about the ring (don't give any indication that you wish to sell).
- Make sure they weigh the gold in front of you.
This is an obvious point, but a lot of Pawnbrokers have a habit of taking the gold "out the back" of the store.
- Ask the store is the scale they are using is a "legal for trade".
If not- bye, bye! - make sure you understand the weights & measurement system used.
Personally, I find it easiest to use the metric system in these cases.
- Gold has a higher value, the higher the gold content- 24kt is worth more than 14kt.
- Shop around.
Visit at least three places to find the highest bid.
- There has been a huge growth in the number of businesses set up in the past few years, to take advantage of the rise in gold prices.
Some of these companies have a "fly -by-night" reputation.
So, find out how long they have been in the trade.
What experience do they have? Ideally they will already have a "good reputation"- if they don't then you should beware.
I hope this helps you get the best price for your gold! Till next time, Happy Gold Buying (& Selling!) Paul