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So you have some old jewelry you no longer wear, or that was given to you by your great-grandmother and is ridiculously out of fashion. Or you may have a luxury watch that you don’t want to wear anymore as you’ve already replaced it with a new one. It doesn’t mean you have to hang on to this unwanted jewelry – you can just as easily sell them and turn a pretty penny for them. But before you walk out of the house carrying all your valuables and bring them into the first pawn shop you see, it’s best to do a little research. Here are our top tips for selling gold & silver that will certainly make your life easier.

Check Out Reviews and Ratings Online

FeedbackThis is the easiest thing to do, especially if you’re already on the Internet like you are now. Reading up what other customers have said about their dealings and experiences with the company is a surefire way of knowing whether the place is likely to give you a good experience as well. Check on Facebook, Yelp, Citysearch or any other reviews sites. Be careful of fake reviews, though – but generally, the more reviews, the more of a positive indication that there are real reviews in there.

Legitimacy Check on Those Dealers

Firstly and most importantly, the company that deals with your gold and silver needs to be a registered company. Check it out on the Better Business Bureau, where you can also file complaints against the company should you find them suspicious of wrongdoing. You can also check for others’ feedback on the company on this portal. Make sure the company you go with has a good track record – that’s your gold and silver we’re talking about!

Look For Guarantees

It’s tricky to mail your gold and silver over to a company to get a quote and realize you can’t take it back, for instance, or to bring it to a shop for a valuation only to find out the offer is one you can’t refuse (and not in a positive sense). Be sure to check out the website for guarantees that you have the final say over whether or not you accept the offer, and if you’re mailing the gold and silver in, they must have certain procedures in place to assure your jewelry’s safety and security. Some companies even offer more guarantees than that!

Get A Few Quotes

Don’t be tempted by a high price from the first offer, because the next one might offer you even more! When all is said and done, you want to get the best deal for yourself – so be sure to check with a few places before settling on your sale. Of course, you want to be sure that all the quotes come from trustworthy sources, and you don’t end up with a ridiculously high quote that is simply too good to be true.

While selling gold and silver should not be taken lightly, it also doesn’t have to cause a massive headache. Be sure to check out Global Gold and Silver in your quote hunting. The company even offers a 110% price match guarantee, so you would definitely be getting the best deal! Contact them today!

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There’s the South African Krugerrand, the Canadian Maple Leaf, the Swiss Vreneli, and so many more – but it’s the American Gold Eagle that soars above them all. Between 1986 and 2017, well over 40 million American Gold Eagles have been sold.

Why the American Gold Eagle?

Great Seal of the United StatesOne of the biggest reasons could be historical. Before 1986, ownership of gold bullion by US citizens was outlawed from 1933-1974. In 1975 however, there were no American gold bullion coins, hence the Krugerrand was the most popular coin in the world. However, the US Mint began producing gold and silver coins again, thanks to a recommendation presented by Congressman Ron Paul, in conjunction with his work with the Gold Commission set up by President Reagan in 1981. Hence, the American Gold Eagle became the first annually minted gold coin produced in the United States, and its popularity picked up from there.

The Mark of Lady Liberty

The American Gold Eagle features a dual faced design. On one side is the image of a bald eagle, flying towards its nest where a baby eagle sits waiting. It also features the phrases “United States of America”, “In God We Trust” and “e pluribus unum”, which means “out of many, one” and is the motto of the United States. On the other side is the image of lady liberty, holding a torch aloft in one hand, and with an olive branch in the other. The word “liberty” is also found on the coin face, as is the date of minting. The dates appear in roman numerals on the 1986-1991 coins, but from 1992 onwards they are shown in Arabic numerals. As the design of the American Gold Eagle has not changed since 1986 other than the numeral system change, sellers can be sure that each gold coin is mutually interchangeable and of equal worth in terms of size and purity.

Quality, Purity, and Trust

American Gold Eagles are 22K gold and are made up of .9167 gold, .0533 copper and .03 silver. The one ounce American Gold Eagle coin contains an ounce of pure gold. However, it is worth noting that because it is 91.67% gold, the coin itself weighs slightly more than one ounce (1.0909 oz.) American Gold Eagle coins are produced by the US Mint, which is a division of the US Treasury, the most powerful treasury in the world, which ensures the quality and purity of each minted coin. They are minted in only two locations – the United States Philadelphia and West Point mints. These coins come in different sizes – there are 1/10, 1/4, 1/2 and 1 ounce sized coins for greater convenience of investors.

Legal Tender, Higher Resale Value

The American Gold Eagle is legal tender of the United States of America. The one ounce coin carries a face value of $50. There are also 1/2 oz. ($25), 1/4 oz. ($10) and 1/10 oz. ($5) American Gold Eagle coins. Furthermore, as a collector’s item, some American Gold Eagles from certain dates which are rarer than others command a much higher price than the others.

Do you have an American Gold Eagle and are looking to sell it? Send it to a professional jewelry buyer to make sure you aren’t selling it for less than what it could fetch. At Global Gold and Silver, we run background checks on all items brought in to test for any possible increased value based on historicity, rarity and so forth. Chat with us today!

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There are so many places where you could sell gold that it can be hard to decide. The pawn shop down the street? One of the “cash for gold” stores that seem to be popping up everywhere? A “gold party” held in someone’s home? Let us help you get one thing straight first and foremost: Do NOT just go anywhere to sell your gold coins! Make sure you go to a professional gold or jewelry buyer, where you can check their credibility. When searching for a reliable gold buyer in NY or NJ, here are some tips for you to look out for:

Check For The Business’ Legitimacy

Gold coins, a rare precious metal to geologists and chemists and a symbol of value for economists and the worlds banksAny company dealing in gold has to be, first and foremost, a registered company. That way the company can be held accountable and would be less likely to pull a stunt on you. The best way to do a background check on the company is to search its name under the Better Business Bureau, to make sure that this company is one you can trust. If there have been any complaints filed against the company, you can find out here. Established jewelry buying companies like Global Gold and Silver have a good record on the Better Business Bureau.

Look For Online Reviews And Ratings

Businesses normally also receive reviews and ratings from previous customers online. This is usually the most accurate, ground-up way of knowing general sentiment about the business. Aside from reviews found on the Better Business Bureau listing, there are other sites like Facebook where you can see reviews. Global Gold and Silver have positive reviews from satisfied customers on Yelp and Citysearch.

Get A Guarantee Of Security

Never be forced into a situation where you make a sale you don’t accept. If you are thinking of mailing your gold coins to a gold buyer for an appraisal, never send anything out unless you are given a written guarantee that it will be returned if you do not agree with the sale. Look for a company which gives assurance that your gold coin will be unwrapped and inspected on camera so that it is not damaged by others.

Shop Around

American Gold CoinsWhy sell to the first bidder, when you can sell to the highest bidder? Get a number of quotes from different places – reliable ones, of course – and then go with the best one. Just be sure that the highest quote you went with doesn’t turn out to be a scam!

Looking to sell your gold coins? Speak to a professional jewelry buyer so you can be sure you aren’t selling it for less than what it could fetch. Global Gold and Silver is reliable, experienced, and friendly, and you can chat with us anytime, no appointment needed. With two stores in New York and one in New Jersey, it isn’t hard to reach us – plus, we also accept mail submissions for appraisals. Contact us today!

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Regardless of whether or not you own a large collection of jewelry, everyone is equally vulnerable to getting ripped off at some point. One of the biggest scams are counterfeit silver items that are circulating through the marketplace. These items appear to be silver and to the naked eye. Having a trained eye wont help because the steel jewelry is often coated in  a thin layer of silver plating.

One of the most elementary ways to avoid getting ripped off as a gold buyer is diversification. By dealing with multiple persons and businesses you'll spread your risk. While this sounds like common send it's imperative to discuss as many first-timers often fall for various "up-sell" sales strategies. As with anything in life; it's crucial that you follow the basic rules; regardless of your skills or experience.

While you may be strolling in the lower east side and see a tempting deal, it's critical that you deal with reputable dealers. If something seems too good to be true it probably is. It's important to treat it as a business. You should only deal with reputable  professionals who will give you the compensation you deserve. The notion that Gold Selling is for cash-strapped individuals is a tired cliche. While it's true that a large percentage of gold selling consumers  are upfront about their need to pay emergency expenses, just as many people are looking to profit from the gold jewelry business. This new trend is mainly an effect of the recently ramped up industry TV, radio, and online advertising. Shows such as "Storage Wars" makes these businesses seem especially elusive.

A lot of jewelry has depreciated in value due to its design. For example, a dated 70's chain may fetch less money on today's marketplace than what it originally retailed for. In contrast, pure gold bars from the same era may have gained a lot of value. Buying and selling jewelry is a good strategy to avoid depreciation of jewelry due to aesthetic reasons.

 

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While selling your used gold jewelry sounds like a simple method to make some extra cash, you can get shortchanged if you don’t do your research beforehand.

It's no mystery that gold trading is a heavily regulated industry. However, we're all just as vulnerable to fraud or shady business practices as back in the dirty thirties. DCA Commissioner Jon Mintz noted that "With the strong price of gold, the gold buying industry is booming, and yet our inspections reveal that selling your gold can be a risky proposition for consumers,”

If you suspect that a jewelry dealer has broken violated any of these compliance requirements, please consult your closest consumer bureau. These authorities are affiliated with the DCA; an organization that grants the license of over 4,000 jewelry businesses in the NYC/tri-state area. In 2011, the DCA concluded that there was a mere 25 percent compliance rates among gold jewelry business. What's shocking is that this data was obtained from a follow-up inspection of businesses that were given violation notices in advance.

In 2012, the DCA conducted undercover inspections in hundreds of stores across the region. The findings were quite disturbing and a huge warning sign for gold buyers. In fact, on average, jewelry was quoted at half the price of a separate professional appraisal. It should be stressed that so-called "undervaluation" of jewelry is by no means illegal. However, it adds to the case for comparison shopping.

It's imperative to familiarize yourself with the new industry regulations. This includes making it compulsory for the gold buyer to disclose exactly how he evaluates the value of the clients' items in addition to disclosing the karats of each item; the item undergoing appraisal must be weighed in plain sight of the customer. It's now mandatory for all gold buying businesses to keep documentation and provide receipts that include the business's license number; address; employee name/title; date of purchase; and description of the item that was purchased.

All precious metal businesses are required to obtain a license to operate in New York State. Always sell with the utmost caution and seek reviews and second opinions. After all, consumers are not the only ones vulnerable to gold and precious metal scams in New York. Only a year ago, one of the most reputable merchants in lower Manhattan lost over a hundred thousand dollars from purchasing counterfeit gold bars. Such bars were crafted by a sophisticated criminal ring and are virtually undetectable from the real thing! This is because the criminals discovered a means of hollowing out authentic gold bars and filling them with tungsten. If you've taken upper level chemistry you may know that tungsten and gold are very similar in weight.

For information about how you can about selling your gold and jewelry in New York and New Jersey, feel free to check our services out at https://globalgoldandsilver.com/

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cash for gold nyc      Gold is one of the most sought  after renewable resources on  Earth. With rising gold prices,  it's sensible to look into selling  your unwanted gold jewelry.

Ever since the days of Egypt's  Valley of the Kings, gold has  been prized as the ultimate  precious metal. However, most  people are unclear about how  their gold "weighs in" on today's  marketplace. The main reason is  that gold items vary greatly in  purity. Typically, the content of  these items are indicated by a  manufactures carat engraving. The amount of karats can range from 0 to 14 to 18 to 24; 24 being pure gold.

When purchasing gold jewelry, it's essential to make an informed decision, too. After all, some jewelry is worth more than its weight in gold. It's recommended to not make any hasty decisions about purchasing trendy watches or timepieces. Heavy, thick yellow gold chains were all the rage back in the 70's. However, despite their heavy gold content, they are relatively an undesirable fashion accessory these days. Likewise, some of today's hottest fashions will inevitably grow out of favor ten or twenty years down the road.

If you are selling gold in New York on a classified site such as Craigslist it's important to exercise caution and common sense. One of the most overlooked aspects of jewelry is the labeling system. For example, a 14 karat necklace isn't always labeled as 16k; another common denomination for this purity is 14/24.

It's important to bear this in mind so you don't unknowingly advertise it as 24 carat jewelry. Such false advertising can have serious legal repercussions. This is especially true if you're selling in bulk.

Many gold buying companies are successful due to their large advertising expenditure. Since the 1950's, surveys have shown that Americans are more trusting of products that are advertised over TV or radio. By buying into this naivety you can lose out on a lot of potential cash for your jewelry; be it resale or gold meltdown.

Window shoppers rejoice! Whether you're paruzing the Upper East Side of NYC or a tourist on the fifth avenue strip, the New York area offers a plethora of great options for selling your unwanted gold jewelry. Unlike mail-in or online services you won't have to pay a premium for convenience or shipping and handling fees.

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5 Practical Steps To Take For Selling Gold & Silver

So you have some old jewelry you no longer wear, or that was given to you by your great-grandmother and is ridiculously out of fashion. Or you may have a luxury watch that you don’t want to wear anymore as you’ve already replaced it with a new one. It doesn’t mean you have to hang on to this unwanted jewelry – you can just as easily sell them and turn a pretty penny for them. But before you walk out of the house carrying all your valuables and bring them into the first pawn shop you see, it’s best to do a little research. Here are our top tips for selling gold & silver that will certainly make your life easier.

Read more →

What Is The Most Popular Gold Bullion Coin In The World?

There’s the South African Krugerrand, the Canadian Maple Leaf, the Swiss Vreneli, and so many more – but it’s the American Gold Eagle that soars above them all. Between 1986 and 2017, well over 40 million American Gold Eagles have been sold.

Read more →

How To Sell Your Gold Coins Safely In NY & NJ

There are so many places where you could sell gold that it can be hard to decide. The pawn shop down the street? One of the “cash for gold” stores that seem to be popping up everywhere? A “gold party” held in someone’s home? Let us help you get one thing straight first and foremost: Do NOT just go anywhere to sell your gold coins! Make sure you go to a professional gold or jewelry buyer, where you can check their credibility. When searching for a reliable gold buyer in NY or NJ, here are some tips for you to look out for:

Read more →

Gold Buying and Selling

Regardless of whether or not you own a large collection of jewelry, everyone is equally vulnerable to getting ripped off at some point. One of the biggest scams are counterfeit silver items that are circulating through the marketplace. These items appear to be silver and to the naked eye. Having a trained eye wont help because the steel jewelry is often coated in  a thin layer of silver plating.

Read more →

Gold Selling Compliance in NYC

While selling your used gold jewelry sounds like a simple method to make some extra cash, you can get shortchanged if you don’t do your research beforehand. It's no mystery that gold trading is a heavily regulated industry. However, we're all just as vulnerable to fraud or shady business practices as back in the dirty thirties. DCA Commissioner Jon Mintz noted that "With the strong price of gold, the gold buying industry is booming, and yet our inspections reveal that selling your gold can be a risky proposition for consumers,”

Read more →

Selling Used Gold Jewelry in New York

      Gold is one of the most sought  after renewable resources on  Earth. With rising gold prices,  it's sensible to look into selling  your unwanted gold jewelry.

Read more →

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