Spring time is a great time to clean out your house and get rid of stuff and when people are going through hard financial times, it’s also a great time to sell what you can to get the cash. One item that has been very popular to sell is gold. You can sell it through a gold buying party or you can go through a jewelry store. While selling your gold can bring you quick money for unwanted jewelry, there is a certain amount of caution that sellers need to be aware of. Here are some tips to help find the best Gold Buying CA has to offer.
Most people will assume that the dealer will simply weigh your jewelry and give you a set price for the total weight, but it is a little more complicated than that. Being able to get a fair price on your jewelry is going to take some research and knowledge on your part. First, it’s important to know the method of weighing and the different terminology involved. Gold is primarily measured by what is called a Troy ounce, which is measured at 31.1 grams per ounce, instead of the standard 28 grams per ounce. Dealers will often use a pennyweight to measure our your gold and that pennyweight is equal to about 1.55 grams. Be sure that the dealer isn’t measuring with a pennyweight, but paying you by the grams, it’s a way for the dealer to pay you less money for more gold.
Before you go to sell your gold, it is a good idea to know what the going rate for the gold is. Don’t just assume that the dealer is going to give your the most current and up to date rate. Because a lot of people are simply trying to cash out their jewelry for the money, a lot of dealers will offer a much lower rate that the current market value.
Finally, be sure about who you are doing business with. The Better Business Bureau is a great place to check if the dealer has any complaints against them. You’ll be able to get some basic information about the business and also see if they’ve worked to resolve any complaints that are posted about them.
These tips should help you find the best deals in Gold Buying CA has to offer.