Gold Is Sold By Weight
The price you’ll be offered for your gold chains and jewelry
will depend upon two main factors – the purity and the weight of the metal. At
Goldfellow.com, we weigh all items on tape so that you can see the exact weight
and understand how we arrive at the price we offer you.
Gold Buyers Only Pay for Gold and Metals
Most gold buyers will pay you only for the gold or other
precious metals in your pieces. If you’re looking to sell gold rings with
gemstone, for example, the price they offer won’t include the value of the
diamond or other gems set in the ring. Some gold buyers will remove the stones
and return them to you at your request. Others warn you to remove any gemstones
before sending the gold because they won’t be responsible for their return.
The Gold Market Is Practically Incomprehensible
…and many gold buyers take advantage of that to cheat
sellers. There are many different standards that buyers can use to set the
price they’re willing to pay for gold jewelry and coins, and while they’re
often close in their valuation, the little variations can make a difference in
the amount you get for your gold. Don’t trust any gold buyer who doesn’t
explain on their website exactly what index they use to price gold, and how
they derive their offer price.
If you’re planning to sell gold chains or rings, it’s
important that you trust the company that’s buying. Look for price lists,
customer testimonials and transparency in handling that makes you comfortable
trusting a company to treat you honestly before you send your gold. It’s the
best way to make sure that you receive full value for your gold valuables.
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