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How to Get Your Gold Appraised

How to Get Your Gold Appraised

2017-12-20

Is an Appraisal Necessary?

There are several reasons why you might need to have your gold appraised. One of the most common reasons is for insurance purposes. Insurance companies want to make sure your coverage is sufficient for the value of your gold. You may also want an appraisal if you’re trying to liquidate assets. Gold is a valuable asset, and if you’re selling, you want to get the best price possible. An appraisal lets you and any potential buyer know whether your price is fair. Regardless of the reason, an appraisal helps you know the value of your investment, and even if you purchased your gold for personal enjoyment, you should still consider it as a valuable investment.

Gold

Can I Do My Own Appraisal?

You may know what you paid for certain gold pieces so it’s easy to think you know what they’re worth today. The value of your investment may not be the same as it was when you purchased. Value could have increased or decreased based on a number of factors. The only person who can value your gold is someone who has experience buying and selling gold in Atlanta.

Hire a Professional

While gold weight is an important factor, it’s not the only thing to consider when valuing a piece of jewelry. It’s important to know what should be included in an appraisal. Finding a professional to buy gold in Atlanta is the first step to getting your gold appraised and that person should be able to explain the process and the reasoning behind their valuation of your gold. However, before hiring a professional, it’s a good idea to understand the appraisal process.

What’s Included?

An appraisal includes specific components, so make sure you understand what your appraiser should list in the final appraisal document. A complete description of your piece lists weights, grades, and measurements. If a gemstone is part of the piece, the appraisal indicates whether it’s natural or synthetic. If your gold is part of a ring, earrings, or pendant, the appraisal includes information about the setting. The appraisal should include a photograph. Of course, one of the most important components of the appraisal is the statement of value. Value depends on whether you’re having an appraisal done to find out actual cash value, replacement value, or agreed value. A gold buyer in Atlanta is the expert who can help you determine the different values of gold. Once the appraisal is complete, you should know the worth of your gold and be able to make a decision about insuring or preparing to sell your piece.

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