If you have a bunch of old gold jewelry laying around that you never wear, it may have occurred to you to sell it to make a little bit of extra money. Here is a quick guide to help you get the fairest prices on your gold.
Shop Around
Rather than taking the first offer you come across, look around first and get a few different bids from different buyers. When looking for reputable gold buyers in Atlanta, it helps if you can get recommendations from friends or family members in your area who have sold gold before. Whether or not this is the case, you can always check a business for online reviews from companies such as the Better Business Bureau. Organizations like this keep gold buyers honest, so you can tell which businesses are more likely to give you a good experience and a fair price.
Know the Buyer
While you are shopping around, it always helps to look at any terms or conditions associated with that business or to search for any hidden fees. Read all the fine print, especially in mail-away services, to find out how long it takes to get paid and so on. Some people who would rather not go through mail-away services or brick-and-mortar businesses attend gold parties hosted by friends. This can be a fun way to get together and to get rid of some of your excess jewelry. However, you should keep in mind that parties like this will not get you the best price for your gold. Generally, you only get 70-80 percent of what your jewelry is worth.
Know the Product
When it comes to actually selling gold in Atlanta or negotiating prices, it helps to know a thing or two about gold in general and, if possible, the individual pieces themselves. If you are selling jewelry, have it appraised before you take it around to different gold coin buyers in Atlanta, and try to familiarize yourself with different relevant terms before making any deals. This means that you should know the difference between the Troy ounce and the pennyweight to avoid any confusion. You should also know about different karats, and you should sort your jewelry by karat before selling it so that it won’t all be lumped together.