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Sell your gold, where?

By: Viola Rosa

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This may be the perfect time to sell your gold, be it some old coins, jewelry or even just scrap gold you mave for whatever reason. Due to this very increase in price more and more gold buyers have started popping up and not all of them have your best interests at heart. There are so many new gold buyers {appearing} on the market since it is relatively easy to enter the business as you only need a pawn broker license or a second hand dealer license making it easy for anyone to set up shop anywhere.

How to Sell Gold Jewelry

The transaction itself is simple as daylight. Sell your gold and get the cash. However, the problem is that you want to sell your gold for the highestpossible price and to make sure you are not being taken for a ride.

The first piece of advice you should follow scrupulously is not to fall forshady infomercials offerings to take the load off your hands. The biggest error people make is making an uneducated decision without prior study into current gold prices and how much they can get for their jewelry. Plus, jewelry can often have a higher value than just the pure gold content because, for example, an old piece might be worth much more. However, this can only be estimated in person and by a knowledgeable gold buyer.

Another issue you will face when you sell your gold is that some of these businesses will pay you a disgustingly low rate of 18% - 20% of the value of your gold unlike an established buyer who will pay the normal rate of 50% - 60%.

To make certain you get the correct value for your gold and do not get ripped off when you sell your gold you should educate yourself a little in regards to today's gold prices. You should also go to a variety of different dealers to get an assessment or at the very least weigh your gold at home on a kitchen scale, determine the karats of your item and then work out the minimum you should receive according to the price of gold.

If you are not certain where to sell gold the best option would be to contact an established buyer whose business is mainly gold buying. Make sure to look into the company behind the website as well by checking the Better Business Bureau's website to discover if any complaints have been filed against the dealer you are considering doing business with.

How to Sell a Gold Medallion

If you own a gold medallion that you think may be worth more than the gold content because it is an estate piece then you really must consult two or three different, experienced gold dealers for an appraisal. You could get much more than just the price of gold, and it would be a shame to leave potentially much more money on the table. This applies to any piece of jewelry.

The best way to guarantee you will get the right value for your gold is to go with a reputable gold buyer who has plenty of experience. A gold buyer with a track record extending many years is clearly not in the business of scamming people or he wouldn't have lasted. Protect yourself and sell your gold for the highest possible price by not falling for the hype.

Article Source: http://depositarticles.com/

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