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Whether a person is looking for a jewelry loan or wants to sell jewelry and make some money, it’s important to choose the right buyer. In order to do this, the seller needs to be assertive, asking the right questions to determine if the buyer will give them a fair deal. Here are 5 questions that are helpful to ask.

How Long Have You Been in Business?

It’s not to say that a newer business won’t be as trustworthy as an older one, but new businesses are popping up all over, knowing that they can make quick money buying and selling jewelry. Sellers should look for a company that has been in business for at least a year. Finding one that has been working in this industry for at least 5 years would be even better.

What Is Your Pay Rate?

Sellers can compare companies based on the pay rate that they offer. They should find out how much the company will pay them per gram for an item of jewelry that has 14 karat gold. The seller should specify that they want to know the buy price, not the sell price.

How Do You Weigh Gold Jewelry?

If the company weighs the jewelry to determine its worth, it’s important to find out what measurement is used. Companies typically use grams or pennyweights, though pennyweights tend to lower the price that a seller can receive.

Which Brands Are Worth More?

Asking about which brands are worth more not only helps the seller determine whether they have high-priced items or not, but it can also tell the seller a lot about the buyer. Buyers who have been in this industry for a while will have a better knowledge of the brands and their value.

When and How Do You Pay?

The jewelry buyers in Atlanta will provide same-day payments to sellers. The payment should be in cash and not a check, which could bounce and lead to other problems for the seller.