Wednesday, August 12, 2020

Gold sales: what you need to know beforehand

 

The purchase and sale of precious metals and in particular the  redemption of gold is a free market and each buyer can freely set the redemption price of your jewel whether it is in gold, silver, platinum or other precious metal.

You must be particularly attentive when making your final decision and if you allow it, we give you 3 little tips, all common sense but which should be remembered when selling your property.

Tip # 1: before selling, calculate the real price

… Or at least try to make an initial assessment of the value of your jewel. The gold curb chain that you bought a few years ago for more than 500 Euros can be worth no more than 300 € today…

How is that possible? Beyond the price of pure metal (the price varies constantly and this is why we cannot give you a value for your gold by phone or by email), we will have to add our profit margin and of course the taxes. of the State (10.5% currently in 2015, but as you know, these taxes can vary according to the goodwill of our authorities…).

So calculate the weight of your object with a simple kitchen scale and you will have, at home, immediately, an approximate idea (depending on the quality of your scale) of the real weight of the gold jewel.

After that, you will have to determine the title of the gold present in your bracelet (to use the example cited above). Be aware that the vast majority of gold jewelry sold in our country is 18k gold. You can be sure of the gold grade of your jewelry by looking for a brand such as 750 (this indicates your indicates is 18 carats or 750 ‰). In addition, the United Kingdom State obliges the affixing of a stamp of title for the jewels of more than 3 g for the gold or of 30 g for the silver. Thus, the hallmark of 750 thousandth (or 18 karat) gold is an eagle's head. For 800 and 925 thousandth silver, a neck brace head (helmet) with a 1 or 2 for the first or second title. For platinum, a wolf or dog's head (950 thousandths) or a penguin if it is 999/1000 pure.

Tip # 2: before you sell, shop around the gold repurchases offices

If we take the example of the bracelet cited before, it is not surprising to see differences in the redemption of this gold object with enormous differences! Yes, yes ... it is possible because each buyer is free to set his price. Currently, the price of gold, its international quotation as you can see on our page “ gold price - quotation minute by minute ” is changing very significantly and this is due to the instability of the international markets (among which we must count on China and its surprising economic growth and the evolution of the Indian market, a large consumer of gold).

Beyond the incessant changes both upwards and downwards in the price of the precious metal, it is also necessary that you take into account the offer (you with your bracelet and your hopes of a nice immediate gain) and the trader who redeems your precious asset with the firm intention of making a good profit, as high as possible. Some know how to moderate, others will make you an almost indecent offer of redemption. Thus, according to the INC: "whatever the price of gold, the estimates proposed by the 'professionals' were well below those recommended by the experts, in other words consumers are not getting their gold." .

 Read Also: Buying Gold: terms, advantages and disadvantages

But if you have followed our advice n ° 1 , you cannot be mistaken on the weight and therefore on the price offered for the trade-in!

In conclusion, do not hesitate to ask for redemption proposals for your gold at 3 or 4 buying offices and at cashforyourgold , we will be completely ready to carry out a free appraisal of your jewel and offer you the best price. higher for your good. Moreover, we have specified widely and in detail on our site ( especially here ) the reasons why we are able to pay more for your jewelry in sell gold, silver, platinum or even your luxury jewelry watch.

Tip # 3: Before Selling, Check Your Buyer's Credibility

Any gold buyer must display at his point of sale the prices of precious metals and in particular the redemption and sale values ​​of bars, coins, etc. If you want to sell your gold with confidence, then take the It's hard to choose an interlocutor who shows you the basis of the values ​​on which he works. Regarding Cashforyourgold, we display international prices, values ​​that update every minute and based on the international quotation.

Tip # 4: do not send your jewelry by post

Beware of practices denounced by consumer associations. If you have been tempted by a remote gold buyer who does not buy the gold for the cast and not the jewel, avoid sending your property as it may be melted before your agreement. And once melted, you will be at the mercy of the one who has “inadvertently” and without your consent proceeded with this process ... Thus the buyers must all have signed a charter for gold redemptions at a distance. Ask your interviewer for this.

In addition, after reading advice n ° 2, you will have understood that the establishment of the gold price cannot be done remotely because between the time you send your jewelry and the time you receive your offer, the price of.



Read Also: How to buy or sell gold?


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