Liquidity is one of the best features of gold. When you are strapped for cash and need money immediately, gold could be your ticket out. Gold is recognizable all over the world making it easy to sell. However, this is not a process you undertake blindly. Below are four important steps to undertake before you sell gold jewellery.
- Get your metal appraised
It’s recommended that when you decide to sell your gold jewellery or any form of precious metal that you get it appraised first. This will give you insight into the value of these items. Therefore, when selling to a buyer who intends on paying by weight you will be well-informed.
If you own intricate or antique jewellery this is a process that shouldn’t be skipped. Appraisals can cost as little as $50 to as high as $200. Online resources that help one determine their gold’s value depending on current markets are also available.
- Don’t act on a whim
It’s important that you don’t act on impulse when selling your gold jewellery. This is because you may end up regretting your decision and it might already be too late. Before making the decision to make the sale, first evaluate the precious metals that you have. Also, what are your motivations for selling?
If you’re strapped for cash and need money immediately, you may opt to sell to a pawnshop and get a loan. This way, you can get back your jewellery once you pay back the money. In fact, the Australia pawn shop industry is expected to grow steadily over the next few years.
This might be suited towards other jewellery which have sentimental value. For example a ring which were given by a spouse. In this case, you should think twice before making the sale.
- Research Gold Prices
First you should determine the value of your jewellery. Most jewellery aren’t pure gold, instead, they are combined with alloys. Find out what carat jewellery you have.
Determine the current market rates per gram or ounce of gold. You can then multiply this by the weight of your gold. Visit online sources such as kitco.com to get the spot prices of gold. Also, expect that different gold dealers will offer varying prices.
Prior research of gold prices is you doing the due diligence. Being informed beforehand will prevent situations where scammers con you out of your jewellery. This is by paying very low amounts than its actual value.
- Sell to Reputable Buyer
check on online reviews. This will reveal customer experiences and complaints made.
A company with a substantial amount of complaints from past clients should be a red flag. Make sure to avoid these buyers. Instead, opt for those who have a great reputation. Local gold buyers who have been in the precious metal industry for a long time, like to protect their reputation. You should opt for these businesses when making your decision.
With that said, if you are looking to cash in on your precious metals, now might be the perfect opportunity to contact buyers and sell gold jewellery Brisbane.
