When you go to sell gold to a buyer near you, there are a lot of steps that you can take to make sure you get the maximum possible value. After all, now is a historically great time to sell your gold because of record-high prices. If you have never sold gold before, then you might not be fully familiar with all the different ways you can make sure you get the best possible price. Always remember, you have something they want so haggling a little bit will not put them off of you and is generally expected in this industry.
Sell Your Items Individually
Sometimes when you sell gold in bulk you will only be given the karat price for the lowest value item. For instance, if you are selling a necklace and a ring, the ring is 14 karat gold and the necklace is 18 karat gold, then the buyer may offer you a total price that calculates the value of both items at 14 karats. This may be a store policy that newcomers don't know about, and the only way to make sure you get the best price for your jewelry is to sell them one by one. This also helps you avoid impulse selling, which can happen.
Go To A Smaller Vendors
Large, corporate gold buyers will often have very little margin for error so they may offer you a lower price for your gold than smaller shops will. They know they are more accessible to you, so you most likely came to them first, and are hoping you don't have the energy to go to a smaller gold buyer. You only sell each gold item once, so if you want to make sure you get the most value out of your sale, consider going to a smaller shop and comparing rates. A smaller shop may offer you a better purchase price.
Don't Be Rude
A gold buyer likely has a range that they are willing to haggle within, but that will drastically shift if you are rude or aggressive. They have to perform a few checks of each gold item they consider buying, so do not take offense to this. When haggling, try to find common ground and compromise on both sides. If they say a final offer and will not budge then don't press them anymore. In a customer service industry where a lot of people can be very rude, being nice will be a refreshing change and will always get you the best possible result.
Contact a gold buyer to learn more.
Share12 November 2021
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