Don't Get Taken Advantage Of: How To Make Sure You Are Getting The Best Deal On Your Gold Jewelry

If you have been willed a piece of gold jewelry from your distant 'great aunt Joyce', you are not alone. Many people have been given costume jewelry and antiques from their late family members but are unsure what to do with it. Instead of having it lying around the house and collecting dust, selling gold jewelry is a great way to make a little money on something that would otherwise just take up space. 

Selling gold has become a popular way to make a few hundred dollars on the weekend. However, sometimes the places advertising that they 'buy gold' do not exactly look like a place you would want to bring your kids. They are seemingly always in the rougher part of the neighborhood, and usually double as a pawn shop or a bail bondsman, for some reason. That being said, there are places that are totally reputable and in good standing with the Better Business Bureau, but how can you be sure?

There are a few things you can do to make sure that you are getting the best deal for your gold jewelry.

Check Current Gold Prices. There are several websites online that can give you the current price for gold. Before wandering into a gold buyer's office and simply taking their word for it, do your homework. By knowing a bit of what your piece of jewelry is worth before you walk in the door, you are potentially saving yourself from being taken advantage of. 

Make Sure the Business Is In Good Standing. Make sure that whoever you are trusting with your business is trustworthy. It is always a good idea to visit the Better Business Bureau website and check out the current standing of whatever business you are working with. There is also a feature on the website where you can find gold buyers in your area that have the best ratings. 

Get Multiple Estimates. In addition to your local gold buyers, there are also businesses online that offer to buy your gold jewelry. Before simply shipping it out the door, take your gold into local businesses and get an estimate of its value. The more locations and estimates you get, the better, since it will give you an idea of what the piece is really worth. This will help you to make sure that you are getting the most out of your gold jewelry. 

For more information, contact your local jewelry business today.