Before you start on your gold selling spree, pause a while and research any precautions that you might have to take. Even if you’re a seasoned casual seller, there is always something new or old that has escaped our grasp and now is a perfect time to freshen up on the latest trends. If you’re not careful, you may end up losing a lot of potential profits. You want to avoid that and this is what you need to learn before you sell gold.

Visit local stores

Start at the nearest gold shop. Ask around for the current prices and expected future shifts. Get the value of your gold estimated by local jewelers. It will give you an idea of the prices you should ask for. Visit at least three stores and compare the estimates to clear any doubts.

Avoid shady buyers

There is no scarcity of shade in the jewelry business. You can expect hawkers from other cities offering high prices in return for your gold but not everybody’s intentions are good. Before you deal with a buyer, read up all you can about them on their website and check with the business bureaus and industry establishments from where they are or claim to be from. Do not blindly trust any buyer or their estimations. Many people end up being paid much less than what they’ve had their jewelry appraised for.

Organize before you display

Organize your jewelry by karats and condition before you show it to a buyer. You don’t want to keep different karat jewelry together. It’s not unusual to be paid for only the estimates of the lowest karat item in your collection. Don’t fall for any of that gobbledygook.

 Don’t leave anything to others

It’s your responsibility to make sure that your gold I weighed, categorized and appraised correctly. Make sure that you’re getting paid for the same units that your gold is weighed in. Pay attention to the weighing scale.

Always check credentials

No matter who you’re buying from, you should never fail to ask a buyer for his credentials. Remember, it’s part of the trade. You must, as well, have your credentials ready to share with the buyer. In case you aren’t asked for credentials, verify as to why. A buyer who’ll buy from anybody is not doing it right and it’s up to you to find out if something shady is going on. Visit Alter’s Gem for further information on selling gold for cash or vice versa, open till 7 pm this holiday season. Head over to www.hellodiamonds.com or call 409-861-3005 to learn more and avail special holiday offers.