There is something about a Rolex, that name has been around since 1908 with the first truly waterproof watch known as the Rolex Oyster debuting in 1926. Since then Rolex has produced over 25 models including the Submariner, Datejust and Yacht-Master to name a few.

With such a rich history the Rolex brand has a very large market for preowned watches so if your thinking how to “sell my Rolex” for cash you can feel confident that there is a watch buyer out there ready to hand you a pile of cash!

Now the hard part, should you sell Rolex on eBay, your friends Rolex dealer in NYC or a corner jewelry store with a “we buy” sign in the window?

First start with trust, search the Better Business Bureau for an accredited Rolex watch buyers in order to avoid any unscrupulous business’s. If you have the box and papers make sure to bring it with you – it adds to the resale value and helps authenticate your Rolex.

Not all Rolex watch buyers are the same! Some jewelry stores will buy it for their own inventory while others have a network of other watch buyers to deal with and the worst may pay you for the gold content only. It’s important to find a place to sell your Rolex that knows how to properly appraise your watch for its highest worth, and make you a competitive offer based on real world market resale value.

At Global Gold & Silver  we often hear people asking “can i sell my Rolex to you” and the answer is YES! We have expert watch appraisers on staff and we hope you consider us when you decide to sell a Rolex for cash.

One of the options you have when dealing with old jewelry is selling it. If you feel that you have no use for whatever jewelry you have or just need some quick cash, we here at Global Gold and Silver will be more than happy to pay you cash for your unwanted gold and silver jewelry. You can find more information about selling your unwanted jewelry from our previous blog posts.

Another option you have is to redesign your outdated jewelry. Taking apart a vintage bracelet and reconstructing it back together can be fun and creative. Adding or subtracting different components to a piece can turn an old-fashioned necklace into a chic and stylish statement. Even changing up small details like switching from chain to a colored cord can add a pop of color to any new piece of jewelry.

One more helpful tip is turning one piece of jewelry into another! Say for instance you inherited a necklace with precious gems in it but hate the design. At Global Gold and Silver, we are able to sit down with you and discuss your options on how you can turn this piece of jewelry into something you would wear. Those gems can be easily taken apart from that necklace and turned into a beautiful set of redesigned custom earrings!

If you have any questions or want more tips on what your options are with vintage jewelry feel free to email us at info@globalgoldandsilver.com or call us at 800.680.9757

Why do gold buyers require a valid ID?

The first reason gold buyers require ID is the federally mandated Patriot Act, enacted after September 11th. One provision requires every gold buyer to implement an “Anti Money Laundering Policy” in order to prevent and report suspicious activity.

Additional regulations are mandated by NYC Department of consumer affairs ( or your local jurisdiction ), these rules are in place to prevent NYC gold buyers from purchasing stolen merchandise from less than honest gold sellers. so before you run out of the house with a fistful of gold ready to cash out, remember to bring ID.

Start with trust, selling your gold to a BBB accredited business will ensure that you are dealing with a gold buyer that cares about his business reputation and can be held accountable!

Selling Gold tip #1

Most NYC and NJ gold buyer have a BBB logo posted on their website but what if they just put it there to mislead you? No one would do that, right…. Well after watching our competitors do it for years it’s time you the consumer could know the truth! Simply click on the logo and you should be taken to the BBB website WITH the gold buyer’s accreditation seal and info.

Our 2nd tip to sell gold in NYC is

Check the price of gold before visiting a NYC or NJ Gold Buyer. The price changes daily but it’s a click away, visit kitco.com for current precious metal prices. The price shown is for 24 karat pure gold; however most American scrap gold is only 14 karat pure so that’s about 58% of the full price. Remember that any gold buyer will also need to make a profit so be realistic in your expectations.

Shop a few NYC & NJ buyers before selling gold

There are many cash for gold stores and jewelry stores in the NYC and NJ area that buy and sell gold. In fact most jewelry stores have been around much longer and can offer better service than a new neighborhood cash for gold store that has no true experience with jewelry! By shopping around you will be able to sell your gold with confidence for the highest price.

Vital NYC gold buyers tip #3

Never compare prices over the phone, especially if your selling gold in New Jersey or New York area. The most unethical gold buyers will quote you unrealistic prices over the phone and take their chances when you come in. Often times this is the biggest mistake gold sellers make when choosing a place to sell gold. Good trustworthy service is worth more than false promises over the phone. Find a gold buyer with experience to properly evaluate your jewelry upon inspection – not a 1 minute phone call.

Before you sell gold…Review what you have

Ok, sometimes you have no idea and that’s fine if you just shop around. However, a gold jewelry bracelet with XoXoXo is going to be melted while Tiffany & Co estate jewelry is worth much more than its weight in gold. Look at your gold jewelry for diamonds, gemstones and famous brands or collectability.

Selling gold tip #4

if your not ready to part with your jewelry just yet it’s ok, there’s no rush. Gold prices are high and chances are it will stay that way. it won’t be fun if you sell something and regret it later . Sometimes it’s a good idea to restyle certain gold jewelry items instead of selling gold at the wrong time. You can also get more value sometimes by re-gifting small items that are not worth much in gold but make beautiful jewelry for someone else to enjoy!

Thanks for reading and be sure to keep us in mind when your ready to sell gold in NYC, NJ or through the mail.

Learn more about selling gold with Global Gold and Silver.

Unusual Payment Options

Buyers should be willing to give you a company check, or at least go through a reputable source, such as PayPal. Be wary of any buyer who wants your bank account information. Giving out your private bank account information is a good way to have your personal information compromised, and it should be avoided. 

High Pressure Tactics

Parting with sentimental items can be difficult sometimes, and a good buyer shouldn’t pressure you into selling just to make money. Good buyers will understand that it can be a difficult process to part with your valuables and won’t pressure you into making an immediate decision. If you need to walk away from a deal because of high pressure sales tactics, walk away. 

Refusal to Weigh Gold in Front of You

Weighing your gold is what determines how much you’ll make from selling your valuables. This should always be done by gold content. 10k gold should be weighed with 10k gold, 24k with 24k. Don’t mix metals, or you’ll end up with a less than desirable payout. Additionally, your gold should always be weighed in front of you. If your potential buyer wants to take your items to the back room to weigh them and won’t allow you to come along, don’t fall for it.

Selling your gold shouldn’t be a difficult process.

As long as buyers are respectful, don’t pressure you, weigh your items in front of you, and don’t ask for your personal bank account information, you should feel good about making the sale. As always, don’t be afraid to get a second opinion. Shopping around can help you see how much your items are really worth! Don’t fall for the scams that are out there. Make sure you’re dealing with an honest buyer when you sell your gold or silver.

“With honest and transparent transactions, no hidden fees, and no pressure to sell, we really are the best place to sell gold, diamonds and silver jewelry,” said Global Gold and Silver CEO and President, Steven Madar. “While many of our competitors provide false promises for high payouts, we’re committed to providing only fair and honest transactions. Unlike our competitors we would never seduce you with unrealistic high prices over the phone!”

A few of the ways Global Gold and Silver ensures their customers always receive a fair and honest offer by testing all items in front of the customer; and providing private one-on-one service.

All Items Tested in Front of You

If you try to sell your gold and the gold buyer tells you they have to take your items to the back to test them, don’t believe it. Each gold item should be tested for purity right in front of you, sorted according to its gold content, and it should be weighed on a scale in front of you. Global Gold and Silver does just this, telling you exactly what price you’re getting per troy ounce or per gram of gold.

Professional Service

When selling your gold, coins, and jewelry you should always expect private and one-on-one service. In addition, every legitimate gold buyer is required by law to request a government issued ID from the seller. If this doesn’t happen, that should be a red flag for you. Global Gold and Silver treats its customers with the utmost respect and professionalism, and will always provide you with a written receipt after buying your gold.

Certified Diamond Gemologist and Experienced Staff

Global Gold and Silver is one of the only “cash for gold” companies that employs a Certified Diamond Gemologist as well as an experienced staff with real knowledge about high end watches, gold and silver coins and estate jewelry. They recognize that there are many items worth more than their weight in gold and silver, and their buyers have the tools and experience needed to appraise items according to their history and collectability for proper fair market value.

For more information on Global Gold and Silver’s services or to view the recent purchases gallery, visit www.globalgoldandsilver.com.

The Prince Charles and Lady Diana Wedding Coin

This coin is 10 ounces of pure 24 karat gold that commemorates the wedding of Prince Charles and Lady Diana Spencer. On July 29, 1981, Lady Diana Spencer became Diana, Princess of Wales. The beloved Princess and her marriage to the Prince are commemorated on this spectacular gold coin.

The year of the wedding is printed on the front of the coin, along with the royal crest and the words “Marriage of HRH Prince Charles to Lady Diana Spencer”.  Having this piece of history is remarkable, and is sure to be a treasured part of a collection for generations to come.

Kashmir Sapphire Ring

Sapphires from Kashmir are known to be among the best. With a spectacular cornflower blue color and a sleepy quality, these gems are some of the rarest in the world. The stones are known for the velvety blue color they exhibit naturally.

Discovery of new sapphires that matched the quality of the earliest and most astounding discoveries slowed greatly in 1887, so most of the sapphires that were to be found are already owned across the world. With the exception of private sellers and estate sales, buying a Kashmir sapphire is almost impossible.

Global Gold and Silver is proud to have acquired these fine pieces, making them the hottest purchases of 2012.  We look forward to what 2013 has in store for Global Gold and Silver!

1.      Keep an open mind.

You may have bracelets or rings that you don’t like to wear or were family heirlooms.  The stones or charms on the jewelry could be used to make a necklace or earrings.  Let your imagination run wild! You can give your jewelry a new life to someone who will appreciate it.

2.      Do your research.

It’s good to research the style and fashion of today, as well as what your jewelry could be worth as is.  If you feel your jewelry might receive more attention after a redesign, then figure out what piece of jewelry your stones could be more eye-catching as.  Find out today’s value of what you plan on redesigning it as, you might be surprised if your jewelry is worth more as is.

3.      Look for inspiration.

There are many places that you can find inspiration to create new and unique pieces.  Play around with the jewelry.  For rings try it on different bands, or try a bracelet as a necklace.  You can often find inspiration looking through magazines or even going on a walk.

4.      Get an opinion.

It always helps when you can get a second opinion on your new creation.  Ask someone you trust to give an honest opinion and what you should change or not change.

5.      Try it on.

There might be an easy explanation as to why a piece does or does not work in your style.  Try wearing it after you’ve redesigned it and see how it feels.  This is a true test to see if the piece works or what you need to fix.  Even replacing a clasp can make a difference.

Using different beads or adding more stones to a piece can be enough to change your opinion of it.  Make sure you look into the new value of your redesigned piece.  Simple redesign changes can change the life of the jewelry.

Redesigning old jewelry can also be an easy way to get a better value for your jewelry.  By dipping a yellow-gold ring in white-gold, you can make the ring blend in with today’s fashion (making it a more versatile piece).  A redesigned piece can also make a great gift for a friend or loved one.

Despite the changes that you can do to make a piece of jewelry more desirable, there are a few things to consider before you rush to regift old jewelry:

1.  The gift should be a good match.

Do not regift just to regift. If you think the receiver won’t like the gift, then the receiver probably won’t either.  Make sure that before you regift, that the receiver will appreciate and use it.  If not, then don’t bother to regift it.

2.  Make sure the gift is in good condition.

You wouldn’t want to receive a damaged or broken gift, so don’t regift jewelry that is.  Redesign it or pair it with another piece of matching jewelry or accessory.

3.  Do not regift to the same social circle.

You do not want to make it obvious that you’re regifting, especially if you’ve forgotten who gave it to you.  You don’t want to accidentally give it back to its original owner, so regift to a different social group.

4.  Remove the evidence.

Be sure that when you do regift a piece of jewelry that you don’t wrap it in the same bag that was given to you as a gift.  Take off old tags and put it in a new bag.

If you are hesitant to regift, then you might feel guilty about it when you do.  Take the time to turn your old jewelry into something new if you plan to regift it, and research the value of the jewelry you are still willing to sell.

Global Gold and Silver Yelp

We have 31 reviews on Yelp, but wondered why we have 43 other filtered reviews?

Yelp introduced a filter on the reviews shortly after their launch in 2005.  It is meant to keep business ratings from being vandalized by suspicious reviews that could keep a business from achieving 5 stars. Yelp’s filter method could be helpful in some cases, but it may be hurting other businesses that depend on Yelp’s rating.

Yelp’s filter is constantly changing with the increasing number of reviews that they receive.  In the future the system could be perfected, filtering out only the reviews that are fake or malicious.  For today, we have found that these tips can be very helpful when selecting the right business for you:

1.  Look past the start rating.

Depending on what reviews were filtered out of the star rating, the business could receive 1 star for 2 negative comments, while their filtered reviews have 15 five-star comments.  It is always good to read the reviews, as well as the filtered reviews (in gray, at the bottom of the reviews).  These can give you an idea of what the person may have been feeling that day or if the business really did have terrible customer service.

2.  Is the reviewer legitimate?

It is good to check on the reviewer’s profile if his or hers review looked fake. Also, notice the tone that the review is written in.  If there are only negative reviews that he or she has left for businesses, then that person may be letting out frustration and anger through negative comments.  On the other hand, if there are only positive reviews, that person may just be putting in a good word for friends.

3.  Does the business respond to criticism? 

If there are bad reviews on a businesses’ Yelp page, check to see if the business owner responded to the disgruntled customer.  These responses can give you a hint of how the business treats their customers (are they appreciative, helpful, or wanting to right the wrong?).

Global Gold and Silver has excellent ratings from real customers.  We make sure that our customers leave us with a good experience.  Yelp has shown that stars can have a difference in the way a business is perceived.  Research the reviews for yourself to decide if a business is worth visiting.