If you are interested in selling your gold assets, then you must ensure that you are dealing with the right gold buyer. Whether you want to sell gold coins, watches or jewelry, it is advisable to ensure that you are not dealing with rogue buyers who might end up conning you.
There are many gold dealers on the market, but very few gold buyers are genuine in their operations. Here we are giving the main tips that will guide you to find a gold buyer that you can trust in your local area.
1. Reputation of the Gold Buyer
Go for the most reputable gold buyer as this will be guaranteeing you quality service. If you have no information about them ask friends and relatives before you do any business with them.
Today, we have plenty of information sources, and you can just open their website and get the customer testimonial to help you make an informed decision. A good reputation is a clear demonstration that the gold buyer can be trusted. It is not advisable to sell your gold online since many of these dealers are cons.
2. The Method Used to Test the Gold’s Purity
To have a genuine quotation of your gold, proper testing must be done to ascertain its purity. Many dealers have their different ways of testing the gold, but the acid test is the most effective one. It is the best and the most accurate of methods from which you can get a fair appraisal of your gold.
Some gold buyers may also be using the electronic testing, but this method has failed several times to provide accurate results. For this reason, when selecting a gold buyer go for the one who uses the acid testing as it is the only way that you can get a fair deal. For example, Birmingham Coin & Jewelry, a gold buyer in Birmingham-Bloomfield, MI uses a very strict system to test the purity of gold for customers.
3. The Gold Buyer’s Certification
This is a very critical factor to consider. For any dealer to be registered and certified by authorities to operate a business, they must fulfill certain conditions. Some of these conditions are the verification of the accurate equipment, gold evaluation and testing procedures.
These are very important areas in the gold trade. By dealing with a certified local gold buyer, then you will be guaranteed to get the best and the accurate price for you gold. Ensure that their certification is from a reputable body that is strict about all the regulations in this business.
4. Weighing Scales Used
Ensure that the gold buyer is using the certified weighing scales. Make sure that you completely understand how that weighing scale is working accurately. Also, the gold must be weighed in front of you for transparency. If you had calculated your weight in grams, ask the dealer weigh it in the same unit for consistency. This way you’ll not be conned.
5. How Does the Gold Buyer Pay?
Select careful on the mode of payment that the dealer is using. Go to the gold dealer who offers quick evaluation and gives instant payment. A good dealer will always be free to provide a written offer on your gold, and this shows their high levels of transparency in their business.
These are the main tips that you should look for when seeking for a gold buyer. Follow them keenly, and you will make a good deal with a trusted gold dealer.