Understand How To Sell Your Gold
A lot of people question if selling their scrap gold is really worth it
. The price of gold has risen over the last few years significantly and reports don't indicate that it will decline anytime in the near future.
The reason the value has gone up so much is that more and more people are realizing that gold is a safe and sane investment. There are so many people looking to sell and there are brokers popping up everywhere.
Even if some of the luster has disappeared from your gold jewelry over the years, it is still gold and still has value. Why would you want to sell your scrap gold if it has value then? There are several reasons to be honest.
Your jewelry may be broken or damaged. If you have earrings without mates, brooches with broken clasps or chains that are kinked and twisted. You may have wanted to get them fixed for years and never gotten around to it. If that's the case and you don't mind letting it go, you might want to sell.
You may also be shocked at the cost of jewelry repair these days. The fine craftsmanship required as well as the relative softness of gold both mean a high price tag on repairing damages. Your jewelry is out of style. Most people have very particular taste in jewelry so finding the right buyer for older, dated jewelry can be a difficult task.
A lot jewelers won't even buy your old jewelery if it is so outdated that they can't sell it. Jewelers are typically not in the market to melt it down and make it into other items; that is why going with a broker is a good idea.
Companies who buy scrap gold, however, always like to buy up your gold without caring about the style or any damage to the jewelry. They won't penalize you on the gold price because the jewelry is out of date or ugly.
You might want to sell your gold to a broker because you don't have the time to sell your gold jewelery pieces one by one. It can be very difficult to find the right buyer for estate jewelry, and even if you find someone they probably won't be interested in everything you have.
If you split up items and sell only a few pieces at a time, you are taking up your own time and you might still have several pieces sitting around for months. If you sell gold jewelry to a buyer who wants the gold for scrap, you can get it sold all at one time for a great price.
Selling gold jewelry that's associated with unpleasant moments in your past is very empowering. You're getting something of value out of items you would otherwise like to forget about.
When looking to buy or sell gold or simply get more information about the gold market then a gold broker can offer you professional advice. An experienced broker is always worth hunting down, instead of a new broker to the field who might provide you with less than accurate advice.
Not all brokers have worked in all markets so ensure you talk to a gold broker specifically. When looking into various brokerage companies be sure to understand how their service works and what their internal systems support.
If you do decide to use an online broker be 100% certain that your gold is 100% covered by insurance when you need to send the gold to the brokerage firm. They must also be willing to pay the shipping costs.
You must investigate any insured mail service the broker provides or that you might organize yourself, read the fine print. Once you're sure you have your goods properly insured you can send off your items to the broker.
The broker will examine your goods and then contact you with an offer. It really is up to you if you choose to accept it or not.
If you do then you will be able to receive payment quickly in most good brokerage cases and if not your goods should be returned to you in the same safe and fully insured method in which they were originally sent. You should always ensure that the broker you work with is highly qualified, experienced and most especially licensed!
by: Jack Landry
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