Whenever the economy is going down, the price for gold rises and while it has risen about 14% over the past couple of years, it has dipped too, but the bottom line is gold is always in value. Moreover, gold is endlessly recyclable and it has been so since the ancient times. Once the gold is extracted from the ground, it never goes back. Fine jewelry and coins are manufactured, sold, resold, melted down and more jewelry and coins are manufactured again.
When you buy jewelry, you’re not only paying for gold contents, but also for precious and semiprecious stones, style and design as well as craftsmanship. Especially beautiful pieces of jewelry may Sell Gold or more as “estate” jewelry, rather than scrap gold. If you hope this may be the case with your bling, get them appraised. However, outdated and out of fashion heavy golden chains that were popular in the 70s are not likely to get appraised as estate jewelry, but can be worth a lot due to their substantial gold content, being perfect for melt down.
When finding a buyer, you may make use of the following advice to get the most for your gold.
– When dealing with refiners, inquire whether the company is a member of the International Precious Metals Institute. IPMI encourages ethical standards in the business.
– When dealing with jewelers, inquire if they are members of Association of the Jewelers of America. Both organizations ensure their members comply with ethical and professional standards in retail jewelry business.
– Do not deal with pawnbrokers and other gold buying shops if they do not require your identification. Pawnbrokers and gold dealers have to file reports to the state attorneys general office or local district authority with copies of the sellers’ IDs, and if your retailer does not bother making a copy of your ID, walk away.
– There are decent and reputable gold dealers buying gold online, but sometimes it may be difficult to verify their reputation. Trustworthiness indicator is the company’s willingness to provide you with a packaging envelope that is properly registered and signed by them once they get it back filled with your gold. A reputable online scrap gold dealer also pays the shipment price. In addition, decent online dealers first quote you a price and you will be able to either accept or reject it. In the case of rejection, online dealer must return your gold in the similarly registered envelope.
– Never accept any deals that require you mailing your gold and waiting for any price the buyer wishes to pay you in check. You must at least know a guaranteed price range when you mail in your gold. Finally, shop around and don’t raise your hopes too high because selling gold for scrap always pays less than when you’re buying jewelry.