With all of the options for selling gold, including jewelers, pawn shops and mail-away services, it can be difficult to know who to trust and how to best sell your gold. If you’re considering selling gold, here are a few tips to get the most for your gold and avoid problems.
- Keep up with the price of gold. Know what gold is going for on the day you sell. This will help you know whether or not the price you’re being offered is fair.
- Don’t expect to get the full price for gold. You’re selling to a dealer who then will re-sell the items to be melted down. You could offered anywhere from 50% on up of the value of the gold.
- Know the karat weight of your gold items. Jewelry items aren’t pure gold, but a mix of gold and other metals. The karat weight lets you know how much gold is contained in the item. Something marked 10K is about 42% gold; 14K is about 58% gold; and 18K is about 75% gold. The more gold the item contains, the more you will likely be offered for it.
- Get more than one bid. Offers from more than one buyer will help you determine the market value for your item and what you can expect.
- For extremely valuable items, consider getting a professional appraisal. You will have to pay for the appraisal, but if the item is indeed rare, it will be worth the cost when you sell it.
- Some gold items might be worth more when sold as they are, rather than to be melted down. If that gold necklace or bracelet comes from a notable designer or maker, it might have a value due to the name attached with it and the history it contains.
- Know who you’re dealing with. Only deal with established, reputable dealers who have a history for excellence.
If you’re looking to sell gold for gold buyers in Redwood City, CA, contact us today to see how we might be able to help you. We are veterans of our craft and can help make sure you get what you deserve for your items.