Selling your gold jewellery for cash is a great idea. The benefits of doing this are obvious, in that you get more space for new items and get a cold, hard money pay-out for the items you really don’t want anymore.
However, the gold cash exchange in this regard is not the same as buying new jewellery, or even selling your diamonds to a jeweller. It is one that is different in many ways and thus, you should remember that there are certain rules to it, dos and don’ts to keep in mind so that you get the best value for the items you sell, but you don’t raise your expectations so high that no one will buy the items you have to sell.
First on the list of dos is that you should keep in mind that almost any cash for scrap gold, as it is called in the industry, can be sold. This means you can sell anything from gold rings and necklaces, to gold teeth, though not every scrap dealer will take them.
A little upfront research will help you determine what a dealer will and will not take. Next, it is perfectly acceptable to send any items you have to sell through a courier service or through registered post, if you don’t want to go to the store in person.
South Africa doesn’t have the most reliable postal system, but if you are willing to pay for a tracking number, or a courier, many gold resellers will happily assess your items and either sell them on your behalf, or post them back to you.
Finally, do keep informed. While you may know nothing about gold or how to sell gold for cash, do your research and you’ll be in a better selling position. Check out what others are selling gold for on auction sites, or ask friends and family for their input.
The list of don’ts is plentiful, but remembering just a few points can really help you get a better price when you sell gold for cash. First, don’t send your gold to the first reseller you find.
Do your research and ensure that the reseller is trustworthy and has your best interests at heart. A great company such as Liquid Fin, does not need to advertise overtly to get your gold. They build their customer base on their reputation as a reliable dealer.
Next, don’t bring your costume jewellery to the reseller. Costume jewellery cannot be melted down for scrap and thus, these types of resellers will not be able to buy it. Finally, don’t be overly emotional.
If you have a piece you’re not sure about selling, don’t sell it. Only sell the items you feel comfortable getting rid of.