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Archive for August, 2011

How to Find a Reputable Gold Buyer

Sunday, August 28th, 2011

The terrible economy and the high price of gold have many people wondering if it is time to sell their precious metals or jewelry. Unfortunately many of us have heard horror stories about unscrupulous buyers and cash for gold scams.

 

Fortunately locating reputable gold buyers is far easier than you probably think. There are many established, family-owned companies with great reputations that buy all manner of valuables. Some of these organizations have been operating in the New York area for generations and they will give you the best price.

 

A person who does business with an established family owned gold buyer should get a good price and have a great experience. There is no reason to send your valuables halfway across the country or do business with a bunch of out of towners that set up shop in some motel room. Instead you can work with an established local business that is part of your community.

 

There are several locally owned gold-buying chains that have locations throughout Long Island and Queens including Roslyn Heights, NY. These New York based buyers can give you the best prices because they are right here in the center of the gold market. They do not have high overheads and their direct connections to the jewelry business make it easier for them to give you more cash.

 

More importantly these buyers are strictly regulated by the State of New York. They have to be more reputable and honest because they can answer to somebody else. Some of the online buyers and traveling buying groups are based in other states with less stringent rules in order to get around the law.

 

Finally many of the local family owned gold buyers will actually come to you if you don’t want to go them. You don’t have to take the risk of taking your valuables out of your home or your safety deposit box. The buyers will come to your home, your bank or your vault company so you don’t have to run the risk of being in the streets with valuables on you. Criminals know all about the high price of gold and they’re out there looking for people with it.

 

If you don’t feel safe carrying a lot of cash around, a buyer can pay you by check, Paypal or a direct deposit to your bank account. That way you can get the money and have it available to pay bills right away without putting yourself in danger.

 

Finding a reputable gold buyer is easier than you think. Therefore there’s no reason to keep unwanted gold, diamonds, silver, platinum, old watches, gold coins, jewelry or gemstones around. Turn them into cash and forget about the headaches.

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Posted in cash for gold scams, Diamonds, Gold and History, Gold Education, Gold Parties, Jewelry care, rings, Selling Gold, silver, Uncategorized | No Comments »

What You Should Know about the Price of Gold

Thursday, August 18th, 2011

There are several things that you should know about the price of gold before you sell your jewelry. The first and most important is that you will not get the price of gold you see listed in newspapers and online. This price is designed for people investing in gold on commodities exchanges not for folks selling jewelry and collectibles.

 

That price is for a troy ounce of 24 karat gold, in other words a troy ounce of pure gold. Most gold jewelry is not pure gold instead it is made of a composite of gold and other metals. The gold content in jewelry is measured by karats, the more karats the more gold in the jewelry. An 18 karat ring for example would only contain 75% gold, so it would be worth 25% less than a 24 karat ring.

 

This means you should know how many karats of gold your jewelry contains before you sell it. Unfortunately it is difficult for average people to figure this out. Fortunately a reputable gold buyer will assay your gold and tell you this if you send it to them.

 

That is why it is so important to send your gold to an honest gold buyer. They can give you a fair assessment and a good price. Some buyers will not do this they simply pay a flat rate usually half the exchange price for gold. They do this because they know they can get away with it.

 

It is also a good idea to compare the prices of gold at a number of different buyers. Different websites will give you different prices for the exact same gold. Some sites will actually pay several hundred dollars more an ounce for gold.

 

Another thing to realize is that the weight of your jewelry determines the value. Jewelry, especially old jewelry is often only valuable for its precious metal content. That means it is valued by weight because the buyer plans to melt it down or sell it to a smelter.

 

Finally there are other factors that can increase or decrease the price. Gemstones such as diamonds can add to the price and some jewelry is more valuable as an antique or a collectible. Fortunately a reputable buyer should be able to tell you this but you will only know it if you send them the gold.

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Posted in cash for gold scams, Diamonds, Gold and History, Gold Education, rings, Selling Gold, silver | 2 Comments »

What to Expect When You Sell Gold

Monday, August 15th, 2011

Many people do not get the money they should when they sell gold and other precious metals because they do not know how. Yes prices for these items are high but many cash for gold outlets do not pay good money. Quite a few them take advantage of sellers, so people should learn what to expect before they make the transaction. A little knowledge can help you get the money you deserve.

 

How to get the Best Prices for Precious Metals

The best way to get really good prices for precious metals, gems and other items is to be prepared to shop around. Simply going to a number of different locations when you sell gold Long Island can help you get the best prices. The important thing to remember is that you are under no obligation when a buyer looks at your items. If you do not like the price you can say no.

 

Many buyers will actually try to lowball you in order to make extra money. If you make it clear that you are not willing to be low-balled you will be more likely to get a really good price.

 

Persons who live in the New York area have many places to sell their valuables. New Yorkers will usually get the best prices for their items because the jewelry industry in the US is centered in the Big Apple. Persons in other parts of the country can take advantages of these prices by sending their items to a gold buyer New York.

 

Many of the top New York buyers will actually pay the shipping to have you send your items to them. They will also insure the shipment so you take no risk and will send the items back if you do not like the price. Best of all the buyers will pay you instantly through Pay Pal or a direct deposit to your bank account.

 

This means you should be able to get a really price for your items no longer where you live. Anybody anywhere in the US can get New York prices for his or her valuables.

 

More Than Just Gold is worth Money

It is not just gold that is worth money, buyers are also purchasing, silver, platinum, diamonds and other gemstones. Best of all they will look at almost anything at no obligation to you. If you are not sure about something send it to a gold buyer New York or take it to a buyer. You could have nothing to lose about your items.

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Tags: cash for gold, gold, new york, selling
Posted in Gold Education, Selling Gold | 2 Comments »

 
 
 
 
 
 
 
 
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