Whether you have gold coins, chains, or rings, you could be sitting on a pile of cash. With so many gold buyers willing to purchase your precious metals, it can be difficult to know who to trust and how to get top dollar for your valuables. To ensure that you get the most for your metal, here are a few tips to follow when selling gold in Atlanta.
- Shop around. There are a lot of buyers available willing to take that gold off your hands. It’s your job to find the most trustworthy source that will give you the best deal. Get an estimate on your gold’s value from a jeweler or a pawn shop before speaking with different buyers. With a few different estimates in hand, it’s easier for you to choose the best deal.
- Don’t do business with “pop-up” shops. You may have seen flyers or billboards advertising a gold buying shop set up in a temporary location for a limited amount of time. While they may promise high prices, beware of their scams. Many times these traveling buyers disappear without paying or underpaying for your valuables. Before selecting a buyer, check with a legitimate source like the Better Business Bureau to ensure that they won’t jerk you around.
- Measure your karats separately. If you have multiple gold items, it’s important that you know the karat value of each one. Many buyers will try to weigh all of your gold together and then pay you according to the lowest karat value. By insisting that your karats are measured separately, you’ll get more money for your higher-karat pieces.
- Insist on seeing the scale. The accuracy of the scales used for gold purchasing should be inspected regularly. In some cases, the buyer may not be as mindful of the accuracy of their scale as they should be. It’s important that you know exactly how your gold is being measured and how you are being paid. For example, if your buyer is weighing your gold by the gram, you should also be paid by the gram. If you notice that you are being paid by the pennyweight instead, it could be a way for your buyer to pay you less money.
- Always read the fine print. In many gold dealings, there is an agreement that must be signed before the transaction can occur. Always make sure that you understand the terms and conditions of your sale. Some buyers may offer free shipping or tack on unnecessary fees.
- Check for credentials. Your buyer should have a legitimate business license. On top of all of their necessary credentials, they should also ask you to produce some sort of government-issued identification. This prevents the accusations of money laundering and stolen property. If your buyer does not have the proper credentials or doesn’t ask you for yours, move on to someone else.
- Do your research on your gold pieces. Do you know the history of your gold pieces? In some cases, your items may have a rich historical background. If this is the case, they may be worth even more. Jot down the historical notes of each of your gold pieces before presenting them to the buyer.
If you are trying to sell gold in Atlanta, it’s important to understand the process beforehand. This is the best way to ensure that you get the money you deserve for your precious metals.