3 Things You Should Know About Selling Gold Online
| by Hal Young
There are more new people to selling gold now than ever before because of the rising price of gold. While selling gold online is not rocket science, there are a few things that you should know beforehand if you don’t want to get ripped off. The following are three basic things that every person who wants to sell gold has to understand.
Know What Kind of Gold You Going to Be Selling
There are lots of different types of gold that you can sell but they can all be broken down into two major categories: gold bullion or scrap gold. It’s important to know which type you have because gold bullion is usually sold to a gold bullion dealer, or if you have coins to a gold coin dealer, while scrap gold is almost always sold to a gold refiner like Empire Gold Buyers or a jeweler/pawnshop.
Know How Much Your Gold Is Worth
If you truly don’t want to get ripped off (who does?), you have to know how much you can realistically sell your gold for. This can be done in one of two ways: with the help of a guide by yourself or with the help of a jewelry store or pawnshop. The most reliable way (if you find a good guide) is doing it yourself but having someone else look at your gold can also be helpful. You just have to make sure you are getting accurate estimates and that they are not trying to rip you off.
Research Research Research
The final and most important thing to understand is that you must do your due diligence if you expect to get the full value of your gold items. You need to make sure that the company that you choose is legitimate and has a good reputation. You should familiarize yourself with the Better Business Bureau’s website and check out any company there before you send them anything. Also if they have a website you should check and see if they have a phone number listed and an address. A P.O. Box should raise a red flag as all legitimate gold refiners will have their own physical address listed. As you can see selling gold is pretty simple. Anyone can do it. And if you follow these 3 simple tips, you won’t have to worry about any cash for gold scams either.
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