The price of gold is rising, which means now is the perfect time to trade in your treasures for some cash. In this day and age, there are countless different ways to sell your gold. But before you gather up your golden belongings, it’s best to refresh your memory on a few crucial things to ensure you get the best value for your trade. You never want to walk away from the counter of your local pawn shop in Olathe, KS feeling as though you were just sold short or cheated.
Whether you’re a novice or an expert when it comes to selling gold, remember to keep these four tips in mind to ensure you’re getting the most out of your next selling experience.
Don’t mix karats
Gold is measured in karats, which ultimately determines the price paid. The higher the karats, the more money you make. Mixing karats is a surefire way to undercut your price. Usually, a buyer pays the lowest price per karat weight when different karats are sold in one lump sum. You could find yourself only getting half of what you deserve on a particularly high karat piece because the quality of the lot is drastically reduced by a lower karat item.
Consider the form
Before you sell, take the time to consider which form will net you the most cash. You might think that your only option is to scrap the piece to be melted down, but oftentimes it can be worth more when sold in its original form. This is especially true for any vintage or antique gold pieces, especially when it comes to jewelry. It’s best to have a professional appraise the value to determine whether they’re best sold for their gold or in their current state.
Watch the scale
The accuracy of the scales used by jewelers and pawn shops are verified by the Weights and Measures Division. Unfortunately, this doesn’t mean that there won’t be some fluctuations in between each inspection. Don’t find yourself cheated out by a shoddy scale or a dishonest buyer by paying special attention to how the gold is being weighed. Always check to make sure the gold is being measured not by the ordinary ounce measurement of 28 grams, but actually by the Troy, which is 31.1 grams. While this might not seem like much, it could take a big toll on the amount you receive.
Sell to a trustworthy buyer
One of the easiest ways to guarantee you get the most for your gold is to stick with a professional and reputable buyer at your local pawn shop in Olathe, KS. Use your best judgment during the weighing process. Never hesitate to ask any questions or for something to be explained. It’s best to walk away from the deal if the buyer seems to be in a rush or refuses to re-weigh something upon your request. You should never feel pressured to agree to a buy—especially if it’s for a price you’re not comfortable with.
Better yet, save yourself the time and stress by trusting the high quality buyers at Harrison Street Pawn. Stop by today to see what your gold could be worth!