Like any other business, there are mischievous people who will try to confuse someone trading in their gold for cash, due to the seller’s need for money or lack of education on precious metals. If you are looking to get a fair amount for your gold, avoid dealers that will give multiple low offers. If you decide to sell your gold make sure it is a legitimate jewelry store and not a location with a few desks claiming to be a refinery or precious metals specialist. WARNING: DO NOT ACCEPT AN OUT OF STATE CHECK, unless you are comfortable with the buyer and are willing to wait 3-7 business days for the check to clear.
- Call the company you are planning to sell gold and ask them the following questions:
1. Do you pay Cash or Check when you buy my gold and are your checks from a local bank?
2. What is the price you pay per gram? Provide the gold buyer you are talking to the proper Karat of Gold you are selling example: 10k 14K 18K. If the company representative tells you they do not pay per gram and only pay by pennyweight you should avoid going to the location. If they reply “We do not quote prices over the phone”, then it is in your best interest to start looking for other reputable dealers who can answer your questions honestly and not attempt to deceive you.
3. Is stone removal free? Remember, some stones are worth more than the gold the stone is set on. Diamonds are worth MONEY. They should be paid for or returned to you.
4. What form of ID is required to sell you my gold? (They should ask for your driver’s license.) If they do not require STATE ID, this means the company most likely buys stolen merchandise and you should clearly avoid the gold buyer. Buying Gold requires buyers to obtain a Second Hand Dealers License in the state they are buying Gold, Silver, and Platinum jewelry and coins.
5. Ask the Gold Buyer to provide a detailed invoice at the time of sale with a breakdown of items sold to them for your records.
Cash for Gold Calculator.
This software was developed by the National Gold Market Corporation to educate the public, providing the most accurate market price for Gold, Silver, and Platinum at 100% of the current New York Spot Price and the Asia Stock Market. The Live Price chart gives you a breakdown per gram, DWT (pennyweight), and Troy Ounce. What is the right amount to receive for your gold? If you’re selling Gold Jewelry, a reasonable settlement would be 70% to 80% of the market value. If you’re selling Gold Coins a reasonable settlement would be 90% of the market value.
If you are near The Los Angeles area, National Gold Market is located in Pasadena, California. They pay 75% to 80% for Gold Jewelry and 90% for Gold Coins. You can walk in and get your items tested for free to determine the Karat metal purity and the gram weight. The company will give you a quote based on the current Live Prices on the “LA Cash for Gold” website. Payments are made in CASH.
You can also send your gold using our Prepaid, insured FEDEX Package by following the simple instructions on the National Gold Market.com website.
VISIT THE NATIONAL SITE BY CLICKING HERE:
National Gold Market