What you Must Know Before you Sell Gold, Lehigh Valley PA

by | Jul 20, 2012 | Jewelry

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With so many gold buyers cropping up these days, you have numerous options on where to sell gold. Many people who have sold their gold jewelry have ended up with less than its full value. This is because of improper research prior to parting with the gold. If you want to sell gold, Lehigh Valley PA, follow the simple steps given below.

First and foremost, always have a base price before asking for any bids. You can simply take your jewelry to a local dealer who will give you a simple estimate of the value of your gold. Simply go online and locate the nearest local dealer or pawnbroker you can trust to give you a true estimate. After getting this estimate, you can go ahead and solicit offers and online bids from reliable sites.

Secondly, always ensure that your jewelry is weighed separately and paid per karat item. There are some gold buyers who weigh all the jewelry together and pay you according to the lowest karat value attained. In such a case, you might not get the true amount for higher karat items. Observe keenly such terms to sell gold, Lehigh Valley PA and make sure you know what you are getting yourself into.

Before you sell gold, make sure you read the fine print. Even if you are selling your gold at a legitimate site, you must always ensure that you read the fine print down to the last word. This will give you the information on shipping especially if you decline the offer. Find out the policies that have been put in place in the event that your gold is lost on transit. Most buyers offer limited liability.

You must only sell gold to a person with the right credentials. The buyer must have the appropriate state license to buy gold. As a seller, you must also be asked to produce a form of legal identification like driver’s license or passport by the buyer to ensure that the item you are selling is not stolen property. If that gold buyer is not interested in knowing your ID then think twice.

Before you sell gold Lehigh, Valley PA, ensure you understand its worth in different forms. There are cases whereby the gold will be worth more when melted down for scrap or when left in its present form. Some antique items can cost more in their present form so do not need to be melted for scrap. You will only know the worth of your gold if you take time to perform some necessary research. Most people who want to sell gold will only succeed in their sale if they follow the above guidelines to the letter.