When you sell gold for cash — whether you sell gold jewelry or sell gold coins — you want to ensure you get the best payout in exchange for your valuables.
But as the price of gold has skyrocketed in recent years, so has the number of places that buy gold that use less-than-reputable business tactics and cheat people out of the money they should be getting in exchange for their gold.
So how can you tell if you are selling to the best place to sell gold?
Here are the four most reputable gold buyers that you should sell your gold to:
1. Stores that offer free appraisals: Ideally, you should have your gold items appraised for their market value before you sell your gold. By getting a handful of different appraisals from gold buyers, you can compare these offers and sell to the highest bidder, essentially. The best places to sell gold will offer these appraisals for free and with no requirement on your part to commit.
2. Stores with physical locations: Countless people looking to sell their gold online have sent their gold to the buyer through the mail — but have never seen their gold, or a check in return, again. To prevent this from happening to you, be sure to sell your gold to a buyer that has a physical storefront location.
3. Stores with positive Better Business Bureau ratings: The BBB website is one of, if not the best, resources to find information on businesses. Check out what customers have to say about your prospective gold buyers, and see how the BBB itself has rated them. This will help you choose the right place to sell your gold.
4. Stores that are trustworthy: A trustworthy gold buyer is one who does all the weighing and examining of your gold out in the open where you can clearly see the process of appraising your gold. Never sell to a buyer who examines your gold behind closed doors! Read more articles like this.