Tips On Selling Your Gold
If you don't know what kind of gold you have, you can send it to a reputable broker and they can tell you what the worth of it is
. And don't rely on a home scale to determine the weight of your gold as they are not very accurate.
Some brokers will even return it if you do not wish to sell it after you find out the worth. Some brokers will offer a wide variety of payment options; you will need to check with each broker you look into so you are clear on what payment options they offer, as it can vary.
Check
Direct bank transfer
Cash
PayPal
Guaranteed same day payment
Charity donation
Check payments
Issued on the day we receive your unwanted gold check payments can be sent verified mail.
Direct bank transfer
Your payment may be transferred straight into your bank account on the day they receive your gold. Although not guaranteed, most customers report their money shows on their account within a few hours.
Cash Payments
Make sure that cash payments are sent using certified mail and ask your broker if there is a limit on the cash payments.
PayPal payments:
Depending on the size of payment and type of PayPal account you have, PayPal may deduct a transaction fee from the payment that is sent to you. Brokers are not responsible for those charges.
Guaranteed same day payment
Same day payments are guaranteed to reach your account on the same day your money is received. These may incur a charge though, so be sure to ask.
Charity donation
Some brokers will pay a percentage premium if you donate the proceeds to your charity.
Nominate your chosen charity on the quotation form.
Send your scrap gold items.
The value will be calculated and the broker may add an additional premium to the price.
Then a check will be issued to you made payable to your nominated charity.
Most reputable brokers will let you change your mind on the sale of your gold. If you notify them in the timeframe they give you, some will return it to you at no charge.
Gold brokers can only pay you for the gold you have, if your gold is set with stones, they will remove them and send them back to you. Be sure to inquire if your broker will do that, or if they want you to remove them yourself.
If possible, please send your scrap gold in a padded envelope, preferably inside a small plastic bag. If you use a normal envelope (not recommended), wrap your item(s) in kitchen roll and tape securely.
Please also ensure the seams of the envelope are securely taped.
We must stress the importance of using certified special delivery when sending your gold, and to use a good quality, padded style envelope. Not only is it trackable, but your property is also insured against loss or damage whilst in transit.
If the packaging is damaged, some brokers will refuse to sign for the delivery and contact you straight away.
Packages should be handled under the supervision of surveillance.
Prior to opening a package, it is identified from the unique code printed on the shipping label.
The complete unopened package is weighed. Its weight is recorded on the envelope.
The package is opened under camera supervision.
We check-off the items against the claim form and weigh them straight away.
by: Tom Selwick
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