Due to the rising value of precious metals in recent years, it seems that just about everyone is interested in learning more about how to get cash for gold.
Fortunately, there are many ways to sell gold for cash, but one must use caution when choosing a method and most importantly when choosing a buyer. Here are some tips for getting more cash for your gold and less hassles during the process.
Deciding Where to Sell Your Gold
Experts recommend trying to sell your jewelry to a local jeweler first. However, many jewelers only deal with new items and certain designer labels, which can make this a challenge from the start.
There are also numerous companies that call themselves gold dealers and they operate predominantly online. Unfortunately, most of these dealers don’t have a very good reputation for honesty and have been known to shortchange customers.
Realistically, the best way to get cash for gold today is to head to a reputable pawn shop in your local community.
Be sure to do some homework and check reviews of the shop you choose. Make sure they understand how to recognize high quality pieces and offer fair prices. Honest pawn brokers will weigh your gold right in front of you, so you can feel comfortable with the deal.
Know How Much Cash to Expect
The weight literally falls on the shoulders of the seller to know how much gold they have and what the daily rate for gold is on the day they plan to sell.
A small scale that weighs in fractional grams and ounces can help you calculate how much of each karat type you have. From there, the daily rates for each karat type is available online, which will allow you to estimate the value of your haul.
Using these tips, your cash for gold experience is sure to be a smooth and profitable one.
