When dealing in gold, you must know some effective and simple strategies. After all, you do not want to sell at a lower price and be robbed of the true worth of your gold pieces. Also, to be able to sell gold in New York City, you must follow the market price trend before making a decision. Here are some gold selling tips, which will help you get the best price for selling gold in New York City:
Separate Jewelry by Karat Weight
Before you set about to sell your gold jewelry you must separate it by karat weight. If you let the buyer weigh all your pieces together it may result in an unfair price since he may quote a final rate based on the lowest karat weight among all the pieces. This will result in less money in your pocket so make sure you weigh different karat pieces separately.
Check Reputation of Buyer
When you decide to sell your gold pieces in New York City, you must make sure that the establishment you are choosing is well reputable and trustworthy. For this reason, you can check with the Better Business Bureau to ensure that they have a high rating. You do not want to enter into a transaction with someone who will cheat you and offer you a lesser price than what you deserve.
Get Everything in Writing
Before you finalize a sale, make sure that you have it in writing or have some other proof to document and prove the sale. This is necessary in case if later you find out any problems, a signed document of verification of sale will prove your case. Proving any kind of fraudulentness will be very hard for you if you do not have documented proof.
All Kinds of Gold Items Are Sold
If you do not know this, understand it now that gold dealers are there to buy all kinds of gold items. It may be broken jewelry, gold fillings, gold watches, and even gold items which are not 100% pure. Items, which are partially gold or contain gold mixture content, may also turn in some decent money. How heavy each piece of gold is determines the amount of money you will receive for it. Be cautious of dealers who weigh by pennyweight but try to quote you a price for grams instead.
Know What You Have In Hand Is Worth!
Whether you are a frequent gold dealer or not, you must learn some basic tricks when you set about selling your gold in New York City. Always ensure that you know the true value of your gold jewelry. Seek a price quote from at least 3-5 sources before deciding on closing a deal with one. You would not want to settle for less money for your gold. When selling gold jewelry studded with stones, make sure you do not leave the stones with the dealer even if you think they are worth nothing. The dealer might try selling it later, its best to get them back before leaving.