Advice to avoid being deceived
Selling gold and jewelry for profit has become a popular trend of late, mostly due to investment potential. Since early 2011, gold increased 20% in price and by mid-August gold was going for over $1,700 per ounce. Selling and buying jewelry is a lost art that isn’t as simple as it sounds. There are many factors and variables to consider before attempting selling gold and jewelry. Those that don’t enter the business fully prepared are in for a nasty surprise.
Here are some of the best tips to keep in mind before you begin selling your valuable jewelry:
Be aware of its worth. Before you even think about selling your jewelry and gold, you should be fully aware of what your necklaces, rings and earrings are truly worth. Having a vague idea of what your pieces of jewelry are worth is a bad move. Jewelers can easily identify when someone hasn’t done their homework. It’s very common for those that are completely clueless to get scammed by pawn shop owners and dishonest buyers. The best way to prevent this is to hire an appraiser with good referrals. However, if you don’t plan on selling lots of valuable jewelry, a cheaper option might be joining an online forum and asking experienced people for their opinion. Also, there are websites like www.diamondvaluation.com, which help you to assess your jewelry. The goal here is to have a solid idea of what your jewelry is truly worth.
Choose the right buyers. Many times, the worst buyers will be jewelry store and pawn shop owners. They will usually offer you low prices for your pieces of jewelry so they can later sell it for much more. Selling your gold to your family members or friends is a solid way to prevent scams and bad deals. Another attractive option is selling online. Many websites buy and sell gold and diamonds at great prices. For example, you can sell fine jewelry at some websites without any hassle. Check out BBB business reviews before selecting a buyer. A BBB Business Review mentions all the important information about the business as well as any complaints or problems they might have had. It’s an excellent way to know your buyer before meeting or contacting them.
Get to know the industry. The gold buying and selling industry changes and shifts quickly as the months go by. It is important to know how the industry works before starting your journey as a seller. Websites are great to have a concrete idea of the current market price for gold before you make any moves.