After you pay back your loan, you will get back your jewelry, at an interest. Before you pawn it off, read reports by societies like the Gemmological Association of Australia on how to assess the worth of your metal. Again, be sure about the credentials of the pawnbroker. The New South Wales government for example, requires pawnbrokers to have a Pawnbroker or Second-Hand Dealer’s license before they set up shop.
Selling gold can be a challenging process. To make the process easier for you, here are a few tips on how to get some good money using your gold:
Pawn It Off – Selling your gold is easily and understandably regarded as the best way to get money, but you could also pawn off the gold at a pawnbroker’s. Most of the pawn shops readily receive precious metals like gold, diamond and platinum, but mostly in the form of jewelry. After you pay back your loan, you will get back your jewelry, at an interest. Before you pawn it off, read reports by societies like the Gemmological Association of Australia on how to assess the worth of your metal. Again, be sure about the credentials of the pawnbroker. The New South Wales government for example, requires pawnbrokers to have a Pawnbroker or Second-Hand Dealer’s license before they set up shop.
Online Dealers – Selling gold online is quick and easy. There are also very high chances of landing offers of higher prices than when you do it on the ground. You will probably need to send the gold for evaluation to the prospective buyer. For this reason, only use a trusted seller, one with a good reputation. Otherwise, you could be setting yourself up for disaster when you mail your precious metal to shady dealers. Whenever possible, take the trouble of getting a physical address of the company or individual and a way of securing the return of your gold to you. Once the deal is made and the process of debiting or crediting is done, shipment will follow, then money paid, or money paid, then transportation done. Most of the time, you being the seller, you will have to present the product before payment is made.
Jewelers – The shinier the gold, the greater the probability of it selling at a higher price than a tarnished piece of jewelry. Request expert appraisal on the worth of the gold if you can, so you know exactly what to do next. Even better, where the jeweler’s business policy allows, ask how they generally price and estimate the worth of gold. One way many of them do this is by using a form containing checkboxes. Without revealing your own, study it and from there, make an informed and clever decision on how and where to sell. The test on the purity of the metal may be done for a minimal charge if you don’t intend to sell or may be done for free of you wish to sell.
Gold Dealers – Physical gold dealers are a good bet. If you have one near you, why not walk up to them? They could take anything from near pure gold, pure gold bars, scrap gold to precious coins. The face-time you will have could prove quite valuable and helpful to you.
Rates – Observe gold prices daily, if you have the chance, every 12-18 hours. Being a rare commodity, a crunch or spike is very likely to occur. Being updates keeps you safe-you get to have the best price possible at a given time.
Finding a place to sell gold can indeed be a grueling process. This is one of the reasons why Abraham recommends the Gold Dealers Company. Where he is a valuer. He banks on his warmth, broad knowledge and fifteen years’ experience in the gold industry as his selling points. To read more and guidance, you can visit here.
Liked this article or found it helpful? Share it with your friends using the social share buttons below and or post a comment to let us know your feedback or any addition using the comment form below..
This article was written by Abraham Barakat author at Upublish.