Gold has always been a highly prized commodity. Gold was discovered centuries ago and has been adored for thousands of years. If you want to purchase gold jewelry or bullion, the following tips will get you off to the right start.
Get valuations for your tangible gold from a handful of dealers at a minimum. There are lots of services, jewelry stores and pawn shops that buy gold. Of course, they will want to make a profit when they sell it. Therefore, it is wise to get several offers to ensure the best price.
Get valuations for your gold piece before you put it up for sale. There are many places where you can buy and sell gold, and they each have different target margins.
Bullion bars are hands down your money in gold. These come in varying weights. They range from just under an ounce or as large as 400 ounces. The larger bars are generally hard to find.
Gold prices constantly change so you must know your piece’s value before selling it. If you decide to sell your gold, pieces with different karat values should be weighed and valued separately. Never sell any jewelry as gold scraps that’s worth more than the gold itself due to the designer.
Gold prices change frequently, so make sure you are aware of the value before you try to sell any. If you choose to sell gold items, pieces that have various karat values need to be valued and weighted individually. Don’t sell jewelry that may be worth more due to maker or designer.
Before you buy gold, schedule a timely delivery. If the seller delays delivery, get something in writing which confirms delivery of your pieces. The expected delivery date they expect you to get them should not be a mystery; it should be clearly stated. Only make the order if you obtain this document.
Realize that any piece that contains gold can be sold to a buyer. It could be a broken jewelry item, table settings, home decor items or anything that is in the house. It doesn’t have to be 24 karat either. Items with partial gold content, gold plating, or gold mixtures may still be valuable. You can still turn a profit on these pieces.
Current Market
Check out current market values before you sell your jewelry. This will help you discern whether you’re being offered a dealer’s offer against the current market rate.
Sell gold to buyers that are state licensed to buy gold. While you could still get ripped off, a licensed buyer is more likely to be reputable. There is no shortage of places to do gold trading, so don’t feel pressured to take the first offer you get.
The IRS has to approve the gold that you receive. Bars typically are often a better deal than the coins.
If you send off gold by mail, find out how much mailing and insuring these items will cost you and how much you will have to pay to have the items mailed back to you in case you do not accept the buyer’s offer. Be sure you figure out what things will cost you start mailing off your jewelry.
Be cautious. There are many unscrupulous companies out there who deal with gold. Despite your best efforts, some buyers and sellers are more than happy to cheat you wherever possible. Do your homework before giving anyone your business.
While buying gold is extremely exciting, try not to discuss your purchase with others. You don’t know who else could be listening or who is listening. Make sure you keep your gold investments to yourself and kept safe. This will keep you and your gold is protected under any circumstances.
Now you know about the absolute value of pure gold and why it’s treasured by many people. Gold is lovely to look at and profitable to invest in. Use these tips to invest in a gold collection today.
Many times the backs of earrings are solid gold, even if the earring itself is not solid. Necklace clasps and bands to rings are usually real, too. Try to sell them as part of a “lot” since singularly they are not very heavy. This is various gold pieces in one quantity and it can help you earn more money.