If you are planning to trade gold jewelry, gold bullion, gold coins and bars, start using these strategies to prevent getting ripped off.
Hint 1. Stop selling your rare metal to pawnshops and Jewelery stores, these types of shops create their income by paying out less than 40% of the market amount of your silver and gold coins. You might be best suited working with a legitimate firm that offers mainly in the buying of precious metals.
Hint 2. Grab the telephone! contact all the local gold purchasers in your town and ask them for a gold prices per gram quote. For instance: If you're looking to market a ten Karat gold chain, call and inquire the gold buyer what they're paying per gram for 10 karat gold. If the gold purchaser will not quote you a price on the phone, stop dealing with these individuals. Honest gold buyers are upfront about their payout rates.
Hint 3. Prevent the traveling "buying activities" What these company's do is take advantage of the proven fact that there isn't a lot of reputable precious metals buyers in smaller towns. They're going to advertise in the local paper and radio channels, rent a hotel room for the weekend and pay you as low as 50% of the market price for your silver and gold coins products.
Hint 4. If you sell gold coins, gold bullion, or gold bars that are.999 pure, you shouldn't sell for less than 90% of the current market rate (spot price for gold prices per gram) This gold is in its finest kind so you should obtain a much higher commission as it does not need to be refined.
Hint 5. If you do some investigations on the web, there is reliable mail in corporation's who pays you a very economical rate for your gold coins items.
Hint 6. check out any signs on your gold jewelry, they will let you know the Karat and purity of the item. The higher the Karat, the more money you will get. 24 Karat is the purest form of gold. If your rare metal is stamped "GP", "KP", "HGE", "RGP", "GE", or "GF") It means that your item is plated and many rare metal purchasers will not be interested in acquiring it.
Before you decide to mail out your gold and silver coins, be sure that the corporation lists a payout price on their site. Conduct some Internet research on the firm and make certain they've got a great history. If you follow these tips you should have the highest value payment amount for your silver and gold.
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