How to Find Gold Buyers Easily
Many people are selling their broken gold watches and necklaces to get some cash to pay bills. Unemployment is at ridiculously high rates and the compensation is not nearly enough for most people to meet their expenses. You do not want to waste a lot of time looking for someone to buy your gold, but you do not want to be taken advantage of either. So, how do you find gold buyers easily?
Get an Appraisal
If you have extra time on your hands and you do not need the money immediately, it would be in your best interest to seek out an appraiser who can tell you exactly what your gold is worth. Oftentimes, you can find appraisers at a jewelry store or at a gold dealer’s shop and they are educated in terms of how much gold is selling for and how much you should expect to get from your collection. While it is important to seek help when determining the value of your gold, keep in mind that the appraisers may try to set you up with a dealer. Always remember that it is easier to sell your gold online and that you may often get more money. Keep in mind that gold jewelry is not pure gold. To retain its shape, pure gold must be mixed with another metal to harden it. Pure gold is simply too soft to be worn.
Sell to a Local Buyer
By far, the easiest way to sell your gold is to go to a pawnshop or secondhand jewelry store. Even some locally owned jewelry stores would buy used pieces, even if they are watches with a broken band or slightly damaged rings. While these are the fastest and easiest ways to sell your gold, they are not going to give you the best price. If you need the money right now, however, it is an option.
If you want to avoid the risk of getting the runaround from a pawnshop, try to find a local individual. Craigslist is a helpful resource and contains a number of posts by people who buy gold jewelry and coins. Contact them and see what they will offer for what you have. They will probably want to come see your collection before giving a definitive quote, but if you have a particularly rare piece, it is almost certain that these potential buyers will be at your door before you know it. However, if you have plain or common pieces that these buyers could find anywhere, you might have a hard time closing the sale.
Contact Private Collectors
If you are selling a piece or a collection that is rare, you may consider searching out private collectors around your area. The dealer who gave you the appraisal may either be able to point you in the right direction or contact the collector directly to give him your contact information. While this option would certain give you the most money for your gold, the process can take a while, especially if the lines of communication get tangled. If the collector is on vacation or loses your phone number, it could be a potentially huge issue if you are trying to get cash for your gold right away.
Find Buyers Online
Once you have the appraisal and know how much gold you are actually selling, start looking for buyers. You can find hundreds of interested collectors on the Internet. Take a few pictures of what you are offering, as well as how much you are looking to receive for your pieces and contact three or four websites. Make sure you research the company and read any customer reviews. Keep in mind that one or two negative reviews among a hundred positive comments is not necessarily a bad thing. In fact, beware of businesses who have nothing but glowing, positive impressions since there is a chance they might be paying someone to fabricate good experiences for them.
It will not take long for the companies to give you an offer. Some will ask you to send the pieces first and they will make an offer after they have received them. While this is a perfectly legitimate business practice, save that process for after you have received prices from the other places you contacted.
Tips to Remember
Remember that you have the appraisal. You know how much gold you have to sell. You know the gold weight and purity. Most advertisements or posts will list a price they are paying for scrap gold. When you are researching buyers or companies to make a deal with, always look at the highest price per gram to calculate a rough estimate of their offer.
There are many ways you can sell your gold so do not feel that no one is currently buying it. Rest assured that someone will have an interest in what you have, even if it is a set of gold teeth. The only issue you need to consider is how soon you need the money. If you have a few days to spare, you can get more for your gold than just selling it at the pawnshop for the first offer you receive. Online buyers offer good prices if you do some research to find a reputable company and if you have the time to wait.