Choose a Buyer Carefully When You Sell Your Gold

When you see half a dozen ads for gold buyers with each claiming to pay the highest price, the words tend to lose meaning. Gold prices fluctuate, and what you're able to get today may not be the same as what you would have received last week or what you could receive next week. Before you sell your gold, monitor gold prices to have an idea of what you can expect to receive for your jewelry.

Reputation is Key

Gold buyers range from the very honest to the very dishonest. With gold prices being so high, many unscrupulous players try to get in on the market. If a gold buyer has been around a long time, it's a good sign that they know what they are doing and they treat sellers fairly. With the internet it's easier than ever to check out buyers before trusting them with your jewelry.

Learn About Your Buyer's Standard Practices

Buyers who record on video the process of opening your package tend to be more honest. Your buyer should test and grade your items to determine the quality of the gold and then weigh them accurately. The best buyers insist on insured, trackable shipping and if you reject their offer, they will never send your items back without doing so securely. 

Can You View Your Offer Online?

Look for buyers who have a secure way for you to log into your account online and view your offer. This is a great convenience when you want to sell quickly. You should be able to see an itemized offer based on your items' karat and weight, and if you accept the offer, your settlement should be processed immediately. If you sell gold on multiple occasions you should be able to easily see your account history online.

Does Your Buyer Offer a Guarantee?

For sellers who choose to be mailed a check for their settlement, some buyers give you a specific window of time in which to change your mind. Buyers who offer a guarantee allow you to return your check and securely ship your items back to you.