| If you need some fast cash-and who doesn't these | | | | monthly volume that they can pay a higher percentage |
| days-you probably can find some broken and | | | | and even add bonuses to attract sellers. Your local |
| unwanted gold jewelry that you haven't worn for | | | | pawn broker will most likely pay you the least amount |
| years just collecting dust. With the current price of gold | | | | because they must make a profit at reselling your |
| higher than it's been in decades, it may prove to be a | | | | items. |
| cash bonanza that you just haven't thought about. It | | | | Check with the BBB and a Reliable Review Site |
| may be an old class ring, a chain with a broken clasp | | | | The Better Business Bureau maintains records of |
| or some old fashioned pieces you inherited. All of | | | | complaints from consumers about Internet gold buyers, |
| these are now worth far more than they were when | | | | so it pays to see what unresolved complaints they |
| they were originally made. Why not turn them into the | | | | have listed for any buyer you are seriously considering. |
| money you need by selling them to a reliable Internet | | | | You can also enter the name of the buyer into your |
| gold buyer? | | | | web browser followed by the word complaints (e.g. |
| How Gold Jewelry is Valued | | | | "ABC Gold Buyers.com-complaints".) |
| The value of gold depends on several factors including | | | | There are a few good gold buyer review websites |
| weight and purity and the current spot market price | | | | and you can check these to see what their |
| that fluctuates constantly. Notwithstanding these | | | | investigations have turned up. These folks not only |
| normal ups and downs that reflect the value of the US | | | | check the BBB and general complaints such as |
| dollar and other factors, the current prices are still | | | | "Rip-Off Reports', they also compare a group of |
| exceptionally high. | | | | buyers based upon the offers they promote on their |
| Gold is generally rated in Karats. Most jewelry is | | | | websites. These usually include high payments, fast |
| stamped as 10K, 14K, 18K or 24K, with 10K being the | | | | payouts, pre-insured mailers, and factors such as |
| lowest pure gold content and 24K the highest. In some | | | | safety and reliability. Checking here will probably save |
| countries like Pakistan, gold jewelry is occasionally 28K | | | | you a considerable amount of time spent in doing it |
| or pure gold. Few US manufacturers do this because | | | | yourself. |
| pure gold is too easily bent or dented, so they add | | | | Be alert! In addition to buyers who won't hesitate to |
| another metal to increase the hardness of the piece. | | | | low ball you on price, there are also some out-and-out |
| Ordinarily, the higher the gold content, the more you will | | | | scammers out there who will make you valuable gold |
| receive for it. The lower karat weights are usually | | | | property vanish as if by magic and so will any |
| alloyed with silver or some other filler material. Gold | | | | payment. Complaints about such people will be shown |
| content is expressed in pennyweights (DWT). | | | | on the Internet when you check under complaints. |
| Who Should You Sell to? | | | | Remember that just because a company makes |
| Internet buyers of gold and other precious metals will | | | | promises, doesn't mean they will keep them, even if |
| pay you a percentage of its actual value. Some pay a | | | | they also promote their services through TV |
| very low percentage, some pay a median percentage | | | | advertising. |
| and, if you choose your buyer carefully, a few pay a | | | | While gold is generally the most promoted metal by |
| high percentage. Obviously, you want to find the latter. | | | | buyers, the bigger ones will also buy silver and platinum |
| It takes some research to make an informed decision. | | | | jewelry. In any event, all precious metals are worth |
| A few of today's Internet buyers are fortunate enough | | | | money, but Platinum will probably bring you the highest |
| to own their refineries, so they can avoid paying | | | | return vs. weight. |
| brokerage and/or refining fees and pass these savings | | | | Good luck and be careful! |
| along to their sellers. Some also do such a significant | | | | |