Blog: Selling Gold

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                    [title] => Proper Precautions for Selling Gold in NYC
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Deal only with a licensed secondhand dealer. Check for a license on premises. Businesses buying and selling gold in New York must display a secondhand dealer license and possibly a pawnbroker’s license.





	
Get an accurate appraisal. The offers you will receive from jewelry buyers will vary greatly. Some may simply weigh and pay, while others provide expertise and the true value. Start by dealing with a BBB accredited jewelry buyer and get a few offers – it will help you to know whether the buyers are being truthful
	
Expect for your items to be weighed separately on a scale in front of you and, that they give you a written receipt.  – if not, walk away!
	
New York Gold Buyers are required that the scale they are using have a DCA seal. The seal should be of the current year. This protects you from any compromised scale scams.
	
Know what you are selling – The price of gold and silver fluctuates daily and this is used to calculate the “melt value” of your jewelry. Inspect your jewelry. A professional buyer will inspect every items for diamonds, gemstones and designer brands for added value – do the same prior to selling.



	
ID required! Every jewelry buyers is required by law to identify the seller and maintain a copy. Avoid a buyer who does not ask for id.
	
The gold buyer must hold your items for 15 days before selling it. They are not however required to return your items to you.
	
Avoid “cash for gold” parties and hotel buyers.  Selling your gold at someone home or hotel means you’re dealing with a company that you may not be able to hold accountable if something went wrong. Go to a licensed dealer and make sure they are providing you with the information you need to get the best price.

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                    [title] => Our Tips on Selling Gold in NYC
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If you are looking for tips on selling gold jewelry, look no further. Whether you're in desperation mode to pay those bills or  have unwanted items from an ex spouse, selling used jewelry is one of the only feasible "get rich quick" schemes. However,  it's important to not go by the word of any salesman and to do your research. As long as you familiarize yourself with some      fundamental industry tips and "tricks of the trade", you'll be golden!



It's crucial to ensure that your gold jewelry is being weighed to the exact decimal. Some dealers will try to maximize profit by  rounding off the weight in some pieces. This is a clever and easily overlooked method to the untrained eye. Double check that  they are weighing any gold in pennyweight.



If you had a mint condition Louis Vuitton bag, would you list the Ad title as "1.3 lb's of leather" or "Authentic Louis Vuitton  Clutch"? Of course, you'd write a headline akin to the latter. Selling jewelry is no different. Make sure that you get the actual    value of your piece appraised. Anything designer or name brand will payout higher than the compensation for melted down gold.



One of the biggest scams in gold selling is paying a client for "gold jewelry". This may sound bizarre, but you need to bear in mind that there are many alloy varieties of this precious metal. There's a huge difference between a 14 and 24 karat gold necklace. In fact, in most western countries it's the law for the jewelry industry to properly label the karats in all gold items for sale. Furthermore, ensure that your dealer is properly compensating you for any additional ornamentation. This could include diamonds and embedded gemstones.



If you are unsure what gold buying business to visit, you should always check online reviews. Yelp and citysearch.com are a must if you're looking to avoid getting taken advantage of. When you've finally selected someone to do business with, it's crucial that you bring some form of government-issued ID. This is mandatory as a lot of jewelry is bootleg or stolen. Records help law enforcement track down and prosecute criminals.
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                    [title] => Why do I need to show ID to sell gold
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If you we're thinking of selling gold be sure to bring a drivers license or other government issued identification with you!  Recently a potential customer walked in and we made and offer to buy, although his license became an issue upon inspection and sadly - he was turned away!





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.



 
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                    [title] => Tips to sell gold in NYC and choosing the best gold buyers
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We know you have many options to sell gold in NYC but avoiding shady gold buyers is key to a profitable payout. We want you to sell gold with confidence and have a few tips to help you do just that!



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.
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                    [title] => Warning Signs When Selling Your Gold
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Selling your gold can be a lucrative opportunity, but there are also many ways to get involved in a scam, or be undersold. When you take your gold to be priced or sold, remember these three warning signs to watch for.  You could avoid being taken advantage of or scammed: 



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.
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                    [title] => Sell Gold, Coins, and Jewelry Safely at Global Gold and Silver
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New York City – January 16, 2013 – Global Gold and Silver, a leading New York-based company offering cash for gold services, is pleased to announce their simple, hassle-free process for selling gold jewelry, silver, gold coins, and other pieces – all backed by a 100% satisfaction guarantee.



“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.
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