With gold prices soaring, many people show interest in selling their gold. There are no shortages of buyers you can sell gold to gold buying kiosks, jewelry stores, pawn shops, and online dealers. Here are the few tips that can help you earn more cash for your gold.
Organize your gold: Organize your gold before getting it to the dealer. This will save both of your time. Collect all the items in one place. Keep aside the imitation jewelry and jewelry you want to get repaired. Put the rest of them in a box and take to the gold buyer.
Wash and clean the jewelry: Don’t just take the jewelry like this to the buyer. Wash and clean all the pieces carefully without damaging them. Clean them with a soft brush so that all dirt can be removed from it. Neat and clean items will look attractive to the buyer.
Wait for the right time: Sell your gold when the market is at high. This way you will get a better price for your jewelry.
Sort the jewelry: Use a magnifier to check the labels on the gold like 10k, 14k or 22k. Make a list that should contain the carat weight of each of your items. Hallmark jewelry yields a better price than others. After that weigh them on a machine.
Get quotes from a refinery: Pawn shops usually sell your gold to a refinery, so the best way to earn maximum money is to get a quote from a refinery which is open to the public.
Ask for the credentials: Gold buyers should be licensed by your state, to buy gold. Look for a reliable buyer having experience of many years in the industry. Check for their reputation and background. You can also read their reviews online or get to their previous customers. You can also ask for suggestions from your friends and colleagues.
Get your items appraised: Get your item appraised before selling it. This way you will earn better. Sometimes an item has more value because of its artistry no matter how old it is.
Get several bids: today a lot of buyers are eager to purchase gold, so get several bids before you sell. This will give a lot of options, and you can sell your item where you are getting the highest price.