Friday, July 31, 2009

How to Get Top Dollar When Selling Your Gold

In order to sell your gold for top dollar, you will need to take two important steps. First, get an inventory of the type of gold and jewelry you have to sell, and then second search for a reputable gold buyer that will treat you fairly and pay you top dollar for your gold.
Before selling your gold you must be able to first ascertain what gold you already have, and then determine the best way to sell it. Many people have pieces of gold jewelry around the house that have the potential to be easily transformed into cash, but people may not know what they have, what items can be sold, and how much they can get for these items. Nearly any item that has gold in it can be sold to a gold buyer. These items include rings, necklaces, key chains, earrings, money clips, cufflinks, and dental gold just to name a few.
Gold varies in value based on the percentage of gold in the piece and can vary from 8K up to 24K with different percentages in between. The important thing to know is that the higher the number, the higher the gold content and thus the higher the worth of the gold. Most jewelry pieces tend to be 10K or 14K, but even this can vary. Pieces should be stamped with their Karat or a number that corresponds to the percentage makeup of the gold. If an item is not marked, it can be tested to determine the amount of gold content.
Once the type of gold piece you own is ascertained, it is easy to know how much you can be paid for the piece by going to an online company that buys gold pieces. A reputable gold buying company will prominently post their payouts for the different gold karat levels as well as the total payout that can be expected (less vendor fees). All payouts and fees should be easy to understand and completely spelled out by the company. If not, beware!
Now that you know how to find out how much your piece is worth, it is important to shop around for a company that can be trusted and that will pay the most value for your gold pieces. There seems to be more and more internet gold buyers and many of these are not licensed nor offer guarantees or insurance of the transaction or the gold itself. It is important to look for these things when looking for a good way to sell your gold. One such company that has been family owned with experience in the jewelry industry for 75 years is www.gold-cash.com. Their website offers a wealth of information on the gold selling and buying process along with step-by-step ways to easily sell your gold pieces. They even offer free shipping and money back guarantees

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