Tips for selling Gold
Regrettably, scams involving gold buyers are widespread and can be challenging to identify. Before engaging with a gold buyer to sell items like gold and silver, it’s crucial for clients to conduct thorough research. Being well-informed and posing pertinent questions can greatly benefit customers, ensuring transparency and integrity from the gold buyer. Explore the tips below for effectively selling gold and other precious metals.
Check Current Gold Prices
Steer clear of buyers, particularly pawn shops and jewelry stores, who are hesitant to disclose prices. These establishments often provide unfairly low offers assuming customers are unaware of their gold's value. Even if prices are posted, verify that they reflect the amount you will actually receive per gram. Many customers have shared instances where our competitors pay significantly less than their advertised rates if they suspect the customer hasn't seen these postings. For transparency, we regularly update our gold prices on our website.
Know Your Weight
Before visiting gold buyers, it's best to have a rough idea of the weight of your items in grams to gauge the fairness of their offer. If you don't have a scale handy, quarters can serve as a useful reference point, as each weighs approximately 5.5 grams.
Is Your Gold Buyer Listed With BBB?
Verify if your gold buyer is registered with the BBB (Better Business Bureau) and review any complaints about their business practices. Exercise caution with businesses not listed with the BBB, as some traveling gold buyers, for instance, avoid listing due to frequent changes in names and locations. All businesses should be listed, irrespective of accreditation status. While accreditation is optional, it enhances confidence in the buyer. Seattle Gold is BBB-listed to reassure clients.
Shop Around
Feel free to compare prices elsewhere, and we're certain you'll choose us when selling your items. We regularly visit our competitors and consistently find that our offers are unmatched. If you bring us a written quote from a competitor beforehand, you'll discover that our payouts exceed theirs. If not, we'll match their price and add 20% of the difference with our 120% best price guarantee.
Avoid Price Ranges
Exercise caution with gold buyers who provide wide price ranges without confirming a specific amount. If they offer a range like "$8 – $14 per gram," it often leads to lower offers after tough negotiations. For additional tips on selling gold or to discuss avoiding gold buyer scams, visit our Seattle store to consult with an expert in person. Education is key to protecting yourself!
