Selling your gold or other precious jewelry can some times be a disheartening process. However, in a time of need for cash, it may be the best option available. Unfortunately there are a lot of people and companies around today that are trying to take advantage of gold sellers in order to make a quick buck. Separating the con artists from the good guys is not always an easy task. Here are a few things to consider and think of while you are looking for the best cash for gold company to work with:
Read as many reviews as possible
Reading reviews is a great place to start. Once you find a list of potential companies you would like to deal with, Google them, or search for them in major search engines and see if you can find any information on them. Odds are you will find some mixed reviews (as that will happen with any product or service) but make sure there are more positive reviews than negative ones.
Unfortunately, review websites and service reviews can often be faked and used as a way for dishonest businesses to gain your trust and business. Using social media to ask real people on the internet their experiences with certain companies, combined with your own findings may be a great way to conduct your research.
Read the fine print
This cannot be expressed enough. So many cash for gold businesses – especially the ones that operate primarily online – will often have a lot of clauses that can be difficult to get out of once you agree to a deal. These can include over priced shipping and handling, or potential issues with getting back the jewelry they didn’t deem valuable. Make sure you know all the terms of service before agreeing to anything and that you ask any questions you have. If something feels off, don’t work with them.
Work with a local business and jeweller
Consider working with a local cash for gold business instead of dealing with an online business. For example, there are a number of Toronto-based cash for gold companies that you can go in and visit. The benefit to this is that they can assess your jewelry and gold right on the spot, no need to spend money on overpriced shipping costs and administration fees.
Another benefit of working with local businesses is that you can compare offers and get second opinions quickly and easily. This can help you get the most money for your gold.
Educate yourself on the price of gold
Don’t sell your gold without first knowing the up to date gold prices in your country. This will give you a better idea of what to expect for an offer on your old jewelry. Naturally, you likely won’t get the full amount of what gold is currently worth, after all, these businesses do need to make some money in the process as well, but it will give you a good starting point. The same goes with any other precious metals that you are thinking about selling.
Ask your friends and networks for recommendations
You will likely have noticed that most people have an agenda online and are simply trying to make a buck. However, if you ask your friends, co-workers, or other associates to see if anyone you know has done business with a cash for gold business, this is much more beneficial than having someone you don’t know tell you. This way you get honest testimonials and real recommendations.
Find out how long they’ve been in business
This is easier to do in person with a local business than it is online. That said, it is important regardless of the type of company you find to check and see how long they have been in business. A common practice for people who are looking to scam others is to create one new business after another. Once the reports come in that a business has been scamming people, they will shut it down and start up again under another name. It’s important to find and work with a cash for gold company that has been around the block for a while and can prove that they know what they are doing.
Check ratings on the Better Business Bureau
You can call your local BBB and ask for the rating on any business in your community. This is a good indication as to whether or not they have had a lot of complaints and how well they have resolved them if they have had any. Even online businesses should be registered with the Better Business Bureau as they ought to have an address on their website. Just call the closet Bureau to them and ask for their rating.
As you can see, there is a lot to consider when selling your jewelry. Don’t rush into selling off your gold unless you are okay with taking a lower amount of money, or potentially risk losing it all together. Keep the above things in mind while you spend a bit of time finding the best company to work with.