How to Sell Gold

When you know that you want to sell your old gold for cash, it is important that you know the best way to sell it. Selling gold for cash may require a little more thought than you would think. Doing a little research ahead of time and making sure that you know how to sell your gold properly will ensure that you are going to get the most money that you can for your gold.

First, you want to make sure that you understand the systems that are used for selling gold. It is important that you know that the scales that jewelers use will measure the gold in a Troy ounce. This means that there will be 31.1 grams for every 1 Troy ounce. When you are working with the company or individual that is buying your gold, it is important that you know how much your gold weighs and how much you are getting paid per unit. Some people may try to measure your gold in one unit and then pay you based off of another. Pay attention while your gold is being measured to ensure that you are getting paid what you should be getting paid.

Second, you should make sure that the person that you are selling your gold to is measuring for the karat fineness of the alloy. A karat equals 1/24 of pure gold by weight and having the karats of your gold measured before you try to sell the gold may be beneficial. You want to make sure you are getting accurate karat count and getting paid accordingly. Some jewelers may not pay you what you should be getting paid and understanding the karat count ahead of time will ensure that you can recognize this and go elsewhere to sell your gold.

If you are trying to sell more than one type of gold, it is important that you do not let two different karat weight get weighed together. You will want each type of metal weighed on its own to ensure you are getting a higher price for the higher amount of karats. Be aware of which pieces have the heavier karat weight as you are going to sell them.

Third, the price of gold is constantly changing and it is important that you know how to get a hole of the current price of gold. Talk with a jeweler to ensure you have the accurate price for your gold. When you know the accurate price of gold before heading in to sell the gold, you can be sure that you don’t end up selling the gold for less than it is worth. If someone quotes you for a price that is less than you’ve heard the value of gold is, don’t be afraid to speak up and talk to them about the price that you have heard.

Fourth, make sure that you are selling your gold to someone or a company that is reputable. You want to be working with a business that is registered with the better business bureau to ensure that any complaints against the company have been resolved properly. Reading through reports on the Better Business Bureau website is a great way to understand the caliber of the company that you are choosing to work with.

Fifth, whenever you decide to sell gold it is important that you understand the fine print of any contract that you sign. You should take the time to read through all of the fine print before you sign anything or before you decide to mail your gold in. If you are selling your gold by mailing it in, it is important that you get the package that you are sending insured.

Sixth, don’t be afraid to shop around. Look to sell your gold to a few different vendors or even a few different individuals. When you can talk with a few different people that are buying gold, you will be able to get a feel for who you really want to be selling your gold to. Don’t be afraid to walk away from the first few people even if you think that you will end up walking back into their place of business. Get a feel for a few different buyers and then make your pick.

Finally, you have to make sure that you bring your I.D. with you when you purchase gold. Every vendor is required to ask for your I.D. before purchasing gold for you. Bring your I.D. the first time around so you don’t have to run home to get your I.D. in order to make the sale official.

When it comes time to sell your gold we hope that you decide to visit your closest Check City Location, if you have any questions regarding selling your gold for cash feel free to leave them in the comments section below.

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