Selling Your Gold For Cash Online
Not surprisingly many people are resistant to the idea of selling gold online
. After all the thought of shipping valuable objects to a company in another city for an undetermined amount isn't very appealing.
Quite a few people have also heard horror stories about people who sent jewelry or coins to out of town buyers and lost it. Worse many people find out that the price they were offered was nowhere near what they thought they would get.
Despite the horror stories you shouldn't give up on the idea of selling precious metals online. There are reputable online buyers that will give you a good price for your valuables. It simply takes a little time and research to find them.
How to Spot a Reputable Online Gold Buyer
The most reputable online buyers are based in states like New York where the government strictly regulates the industry. In the empire state jewelers' scales are certified by the state government. They are also licensed and ensured by the state government.
The best buying organizations are family-owned companies that have been in the business for many years. They know what the fair price is and will give it to you.
A legitimate organization should also give you a 100% satisfaction guarantee. That is they should send the items back to you no questions back if you aren't satisfied. They should also offer you a 110% guarantee if somebody else offers a better price.
Real buyers will also cover all the shipping costs. You should have to pay nothing to ship to them and they should use one of the big parcel services like UPS or FedEx to ship items to them. Packages shipped through these services are insured so you will get repaid if items are lost or stolen.
The best buying organizations will also pay you within 24 hours of receiving the items. They should have the capability to send money straight to your bank account by wire or to pay you through Paypal. That means you can get your money almost instantly without the risk of a check being lost in the mail.
A Few Things You Should Be Aware of About Gold Buying
The first thing you should be aware is that you probably will not get the price for gold that you see listed in the newspaper. That is the price for the pure metal and not the material most jewelry is made of. The things you send in will probably be made of lesser quality metal so they won't be worth as much.
That being said items that you send in could still be worth several hundred dollars. Therefore you should definitely send in any item you think is made of gold, silver or platinum. This includes watches, rings, chains, medals, medallions, bracelets, earrings and broken items.
You can also send in any gemstones that you have around the house even if you don't whether they're real. If you use a legitimate jeweler you will run no risk and you could make a few bucks.
How the Online Buying Process Works
The way this procedure works is quite simple you go online and locate a legitimate buying organization. This will preferably be a family-owned jeweler with many years experience in the industry.
You then contact this organization through the phone or their website and they will send you a buying kit. The kit will contain a FedEx or UPS envelope and some basic information you fill out. You then send the items to the buyer in the FedEx or UPS envelope. You will not have to pay for the shipping, the buyers will pay for the shipping.
The items will go to the jeweler's location and the jeweler's experts will look at them and determine the value. If the things you send in aren't worth money they will be sent back to you at no cost.
If the items are worth money the jewelers will contact you and make you an offer. If you accept the offer the funds will be sent to you electronically through Paypal or an electronic funds transfer (Direct Deposit) to your bank account. They can also send you a check if you ask for one.
If you decline the offer, the things will simply be shipped back to you at no cost. The UPS or FedEx person should bring them right to your door in a few days.
by: Karen Simpson
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