Jewelry is most precious. Many families have heirlooms made of gold, silver, diamonds and other precious metals and gemstones. These belongings may turn out of fashion. Sometimes they are damaged beyond repair. In such a case, they spend the rest of their lives in a locked box. Today, with the price of gold on the higher side, you can always sell them to make a profit and earn some extra money. Selling jewelry has become even easier with the coming of online buyers.  Find a reliable online buyer and sell them your precious items, but beware of scammers.

Scams online

Online trading has opened doors for many frauds. Online buyers usually pay you more for your items as compared to pawn shops as they sell their gold directly to refineries. Don’t fall prey to frauds who underpay you for your precious things. Fake or phony buyers will pay you only partial of the value of your gold.

Some tips

Always research first before selling your jewelry to online buyers. Check whether they are registered. Make sure they are accredited by Better Business Bureau. You have to check their phone numbers, and physical office address to make sure they exist.

Make a list of four to five legitimate companies online so that you can select the best one for them. Also check the value of your gold before selling it. This will help you determine whether the company is paying you too low or high price for your items. If some company is offering you more than what your jewelry is worth, then it is a sham.

Do not refuse the price offer that you feel is too low. Move to another company and do negotiations again.

Carefully understand the shipping procedure of the company. Is there any hidden fee you have to pay afterwards? Will you get any receipt of the goods couriered to them? Can you track your courier? How long will it take your courier to reach the company? When will you get your money?

These are the few tips that can help you keep fraudulent companies at bay.