money for gold

The high price of gold is creating a situation where a number of individuals are considering sending in their old jewelry for cash. The weakness in the economy has made things even worse. Seeing an opportunity, folks in the gold refining business are reaching out to get their share as well. I cannot remember any previous time in my life when I have seen refiners openly advertising on television, but in recent months, there they are, urging folks to send in their jewelry and gold for cash. It hasn’t even been a one time occurrence – I have seen many such ads, and from several different refiners. You may well have seen some of the same ads.

Below, we’ll provide a few helpful suggestions for finding a local diamond buyers that keeps your best interests in mind. If you take the following steps, there’s a better likelihood the transaction will go smoothly.

how to sell gold jewelry

You may be wondering though how to sell gold for cash if you don’t know the value of your gold pieces. For instance, gold jewelry comes in many forms – the most common of which are earrings, bracelets, necklaces and timepieces. You should avoid selling these for their scrap value because the retail value is higher (hovering at 75% at the most.) Scrap value means the buyer is buying your gold for the value of the metal alone – the retail value allows you to factor in the aesthetic value of your gold pieces so that you can sell gold for cash at a higher price.

Some buyers will offer a best price guarantee. If you can find someone who offers a better price then they do, use this guarantee to get their price even higher. This is a way you can maximize your profits when you eventually do sell.

If you’re wondering how much your gold is worth and a competitor doesn’t publish their price, beware! Many gold buyers and jewelry buyers will not publish their prices or provide a straightforward answer because they don’t want you to know how little they pay for your gold!

Even if your guests do not sell their gold items at your party, they will be able to know how much their items are worth, depending upon the daily gold index. So, it is a win-win situation for all the parties. If their items get sold, it is the best thing ever that happened to them on the given day. But, even if it does not, they, at least, know how much their gold is worth to avoid getting ripped off by a fraudulent buyer in future. That is the reason why getting cash for gold is becoming a popular concept in the society.

Payment: While you sell gold for cash, you must have money in mind. So, make sure you have enquired of the buyers if they pay you as soon as they receive the package of gold. Remember that all reliable and most trustworthy dealers pay the amount within 24 hours of the receipt of the package.

Prior to the sale of jewelry, gold for cash buyers, of Toronto, you should do some of your own homework. Try to find the right price of gold. This information, you can visit several gold shops, asking the price of gold possible.