It truly is a seller’s market for gold but it may not last because the bubble could burst at any moment and high prices could come down. That means it is a good idea to sell gold Roslyn Heights, NY, right now before the price falls. In a few months buyers could offering half or less what they are paying right now.

So what are they buying anyway?

Any jewelry that is made of gold no matter what number of karats is involved. They will pay less for items with fewer karats because they have less gold in them. They will also pay for items that are partially made of gold.

• Scrap gold including that used in jewelry making, partially melted gold and pieces of old jewelry. Anybody who has worked in the jewelry industry or who has had a family member that did should look around the house for this.

• Gold coins including old US coins, foreign coins and collector’s coins. These may not be made of gold but it is always a good idea to take them to a buyer and let him make the determination. It won’t cost you a thing and it could be worth money.

• Gold bars and bullion including those used in jewelry making.

• Medallions and medals made from gold including awards. These may or may not be real so bring them in and let a professional tell you if they’re worth money.

• Watch cases and other gold-plated items these could be low-karat gold. It won’t fetch the same price as 24 karat items but you could make a few extra bucks from it.

• Chains so it’s a good time to get rid of all that tacky gold jewelry a lot of guys bought back in the 1970s and 80s.

Where to Sell Your Gold

Even though many businesses are buying gold these days it is always a good idea to deal with professionals that have made it their family business for generations. The professional buyers will give you a higher price for items and they will be more likely to tell you what something really is and what it is really worth.

They may also give you more money for individual pieces which could be worth more as antiques or jewelry. The fast cash shops won’t do that they simply buy by the pound for the smelter.

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You do not have to settle for the low-ball price when you sell gold. Instead you can get a really good price if you are willing to shop around and exercise some common sense.

What You Need to Know about Selling Gold

First you should realize that you probably will not get the full price for gold you see listed in the newspapers. The reason for this is that most of the gold you have is lower karat gold, which contains less of the precious metal. Most jewelry gold is between 12 and 18 karats. The less karats gold has the less it is worth because there is less of the metal there to begin with.

Second you need realize that it is a seller’s market for gold and other precious metals. Prices are high and buyers want your business and they’re competing for it. So go to two or three different places before you sell. Also be willing to walk out many buyers will offer you more if they see you are not willing to settle for the low price.

Third find a professional gold buyer because such a business will give you more Money for Gold. These businesses are around most big cities and they do business online to. They will actually pay the shipping costs on items if you don’t live near them. If you live around a city like New York you can actually have a buyer come to your house or safe deposit box and examine your valuables there.

Fourth know what they buy. The items that they want include:

• Scrap gold
• Gold bars
• Gold chains
• Damaged gold
• Gold nuggets
• Gold medallions and medals
• Platinum
• Silver
• Palladium
• Rings
• Old watches
• Old watch cases
• Broken jewelry
• Pendants
• Tennis and other bracelets
• Engagement rings
• Gold coins

Fifth you never know what could be made of gold so don’t feel embarrassed to take in any sort of old jewelry or other objects you find laying around the house. The buyers will be happy to look at it and give you money for it if it is made of a precious metal. If it isn’t going to the buyer or calling her out to your house will cost you nothing. So don’t be afraid to take the risk.

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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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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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Here at Gold-Cash you can rest assured that you will encounter no such complications.  We send our customers a free and insured FedEx Gold Kit making sure items are tracked and not lost in the mail.  After we immediately process your package we’ll send you an email with an itemized breakdown of what we can pay for your jewelry.  If you’re worried you won’t be paid much for your gold items know that we have a 110% Price Guarantee making sure you receive the highest payouts for your gold.   If you accept our offer we’ll issue payment immediately via your preferred method of payment.  If you’re not 100% satisfied, no problem, we’ll ship your jewelry back for free.  We pride our business in honest transactions, exceptional customer service, and the highest payouts for your gold.  If you’re interested in selling your gold items contact us today!

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