06:18
Faizan
Everyone agrees, the economy has declined, and times are hard. Many people are even resorting to selling family heirlooms just to be able to pay their household bills. Thankfully, finding a reputable gold buyer isn't as difficult as you may think.
However, it's not always the best idea to trust everyone who trades in this commodity. It's all too easy to be taken advantage of if you don't know what to look for.
Even though your heirlooms aren't precious enough to keep, you still don't want to be cheated. It's possible to find a reputable metals dealer who will give you the fair market value for your gems.
- Value. The first thing you need to know is that the value of some metal varies daily. If you receive an offer from one dealer, and it differs from another, or, if the offer differs at different times, don't assume they're cheating you. The market fluctuates.
- Appraisal. Go to a jewelry store or independent appraiser service to find out the value of your jewelry before visiting a gold buyer. The appraiser should be able to give your items a range to fall between so you'll know if the dealer falls anywhere within that range, he's reputable.
- Urgency. It's a bad idea to try to sell your jewelry when you're desperate for cash. This is a recipe for failure and opens the door to scams. Look for a dealer when you don't need the money and store it your savings for when you need it most.
- Price Quotes. If you call a gold buyer and they give you a price quote over the telephone, they most likely aren't reputable. An honest dealer will always insist on looking at the items before making an offer.
- Comparisons. Another good idea is to visit several dealers in one day, and then compare the quotes for your items. You can easily root out the disreputable ones seeing which ones quoted lower than the others.
Avoid any dealers who don't have a permanent, established business. The "come and go" type business are often scam operations, so make sure any company that you deal with has a history of business in your area.
However, it's not always the best idea to trust everyone who trades in this commodity. It's all too easy to be taken advantage of if you don't know what to look for.
Even though your heirlooms aren't precious enough to keep, you still don't want to be cheated. It's possible to find a reputable metals dealer who will give you the fair market value for your gems.
- Value. The first thing you need to know is that the value of some metal varies daily. If you receive an offer from one dealer, and it differs from another, or, if the offer differs at different times, don't assume they're cheating you. The market fluctuates.
- Appraisal. Go to a jewelry store or independent appraiser service to find out the value of your jewelry before visiting a gold buyer. The appraiser should be able to give your items a range to fall between so you'll know if the dealer falls anywhere within that range, he's reputable.
- Urgency. It's a bad idea to try to sell your jewelry when you're desperate for cash. This is a recipe for failure and opens the door to scams. Look for a dealer when you don't need the money and store it your savings for when you need it most.
- Price Quotes. If you call a gold buyer and they give you a price quote over the telephone, they most likely aren't reputable. An honest dealer will always insist on looking at the items before making an offer.
- Comparisons. Another good idea is to visit several dealers in one day, and then compare the quotes for your items. You can easily root out the disreputable ones seeing which ones quoted lower than the others.
Avoid any dealers who don't have a permanent, established business. The "come and go" type business are often scam operations, so make sure any company that you deal with has a history of business in your area.
Posted in: business
