Guide to Selling Gold
If you are considering selling your gold, you may not know where to start. That is okay. Anyone who has sold their unwanted gold or gold jewelry has found themselves in the same situation as you.
Below, we will help walk you through what to expect when you sell your gold, so you are not caught off guard by any unwanted surprises.
How to Sell Your Gold for the Most Money Possible
One of the biggest mistakes you can make is not understanding what you have. If you do not know what you have, you cannot possibly know the value, and you may be taken advantage of.
Determine the Value of What You Have
Before you even think about selling your gold, dig deeper into what you have and what it is worth. You can perform online searches to help aid you in this process.
Having an idea of what others are selling identical or like items for will assist you in making sure you are not being taken advantage of.
Find a Buyer Who Is Reputable
This can be one of the hardest parts of the process. You want to always work with a reputable buyer who is not only trustworthy but someone who will offer you a fair price.
There are buyers out there who will seem trustworthy but will purposely undervalue the items you have to purchase from you and then turn around and draw a big profit at your expense.
When you decide to sell, you do have options from going to a local jewelry store to the pawn shop or even someone you find online in the marketplace. Each choice has its advantages and disadvantages. For example, a pawn shop may low-ball you while a jewelry store will get you your money quickly, and selling it to a private party may mean waiting several months.
Don’t Be Afraid to Negotiate
Once you have buyers interested in the gold you want to sell, find out what they are willing to pay you for it. You already have an idea of what the gold is worth from your research.
Buyers expect some negotiation, so do not feel like you have to accept the first offer you receive, and don’t be afraid to decline an offer or toss back a counter offer.
Sell the Gold
Once you have negotiated a price, you can sell your gold. You want to make sure that you understand fully what is happening during this step.
Will the buyer be making a lump payment, or will they be making payments to you? Did you get a receipt? You want to ensure all your ducks are in a row and all the T’s are crossed.
NEVER leave or complete a transaction without a receipt. Your receipt is your ticket to proof of the sale should a dispute ever come up.
Sell Your Gold in NYC Today
If you have unwanted gold, the experts at NYC Jewelry Buyers want to talk to you. We buy gold every day and offer fair market prices for it. Our customers love us because we not only pay for gold, but we also sell a large selection of pre-owned luxury jewelry as well.
If you are ready to sell gold, give our team a call today or come visit us in our shop!