Selling Scrap Gold - Get The Best Prices

Sell your gold for the price of gold, not else.

One of the best ways to get money is by selling scrap gold you have in your house. This is one of the main reason why gold is such a good investment. We all have some gold items in the house that accumulate over time. Gold watches, gold coins, gold jewelry and so on, there are always some gold artifacts that we do not use. Sometimes could be broken or chipped. At times we just do not see the point of keeping around items like gold coins and gold watches which become useless once the internal machines break. Although these items may not be very useful because they are made of gold, they will fetch you a good buck in the market. Selling scrap gold like this is a good idea but you have to be very careful. There are many middlemen and other tricksters who will con you and not give you the right amount of money for your gold. It is very important to choose wisely and make sure the people you choose to sell your gold to are, genuine dealers.

Choosing The Right Buyers

While selling scrap gold go to the people who are directly involved in the gold business. This does not include middlemen like pawn brokers and other shysters. These middlemen will never give you the best price for your gold; they will always offer you a good percentage below the market price. They might even try to swindle you in some other way by adjusting their weighing scales, so that the weight of the gold is wrong. They themselves will later go and sell this to proper dealers for a profit. So, it is best to locate a genuine dealer.

The reason why these genuine gold dealers can offer you top dollar for your gold is that they themselves deal in gold. This means that they will refine the gold you sell to them and then reuse it in other things meaning very little overheads.

With any buyer to whom you are selling scrap gold there are some things that you should always check. Firstly, ascertain that the gold product you are selling is truly, scrap gold. Secondly, some gold coins can be antiques and are worth far more than what you would get if you were to melt them down and sell them as gold.

Thirdly, make sure that the people you are selling your gold to is recognized or a member of the right authorities like American Gem Society, Jewelers of America and International Precious Metals Institute in case of gold refineries.

Make sure that the appraisal of your gold product when it comes to karats and weight is accurate. To get the best possible idea have your gold product evaluated by two to three dealers. If you are dealing with these people via mail keep a picture record of all documents relating to post and delivery.

by: Bill Perew

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