Los Angeles Gold Buyers - Tips on Selling Your Gold For the Maximum Cash

There are several ways to choose an Internet gold buyer that will give you the best-possible cash return on your broken or unwanted gold jewelry. In order to find the best company that pays the most, however, requires that you do a little homework before you make your choice of buyer.

Smart Selling Makes Good Sense

Smart selling is little more than locating an Internet gold buyer that is reliable, safe, ethical and high paying. It's not only smart business, it's necessary to ensure that you get a positive selling experience. You will quickly understand why as soon as you look over several buyer websites and discover that most make about the same claims. Los Angeles Gold Buyers Claims that they pay more, provide the greatest safety and security for the property you send in, pay the fastest, etc. The reality is that many buyers actually pay just a small percentage of what the gold they receive is actually worth because they're betting on the fact that most sellers have no idea what that dollar figure should be. In addition, there are less-than-honest buyers out there who will scam sellers out of their property and pay little or nothing. Smart sellers check gold buyers out before they send in their valuable gold jewelry.

Selling Tips

The truly smart seller takes a few simple steps to check out gold buying companies. They do this by:

(1) - Putting the company's name into their web browser followed by -Complaints. This takes them to a list showing any unresolved complaints still in place against that buyer. If there are quite a few, consider another gold buyer.

(2) - Checking with the Better Business Bureau (BBB), an organization that keeps accurate records of consumer complaints about any type of company. The BBB will happily show you just what unresolved problems exist between consumers and the gold buyer you have asked about. Again, if there is a number of these problems listed, look for another buyer.

(3) - Going to a gold buyer review website that has already done a thorough investigation for you and reading about what they discovered. They can tell you whether a buyer really pays high, just how fast they paid, the amount of insurance coverage you will have using their postage pre-paid mailer, how quickly they sent out their mailer after a seller request is made-and much, much more. They will generally review between 3 and 5 gold buyer websites at a time and list them in the order of just how well each turned out in their investigation. Los Angeles Gold Buyers They will then make their top buyer recommendation based upon the facts they uncovered and let the seller decide which of the listed gold buyers they would prefer to do business with. Pay special attention to sites that have earned BBB accreditation and display it on their website.

Being a smart seller will really pay dividends. It will only take a small amount of your time, but may end up saving you a bunch of money and a lot of headaches too.

If you've decided that selling your broken or unwanted gold jewelry for cash is an idea whose time has come, take a deep breath and read on. This article will explain how gold is valued based upon just how much pure gold your jewelry actually contains. Why do you need to know this? Simply because you need to understand gold before you start shopping for an Internet buyer!

How Your Gold Jewelry Will Be Valued

There are two primary factors that will be used by a buyer to determine what each piece of jewelry is worth. The first is the spot market price for gold at the time your property is assayed. This figure changes by the minute depending upon a range of market factors. The same figure is used by every buyer. The second is the kind of gold you have and this is generally (but not always) indicated by a standard symbol marked somewhere on the item. In rings, it is usually found inside the portion that slides over your finger while on necklaces, it is ordinarily on the clasp.

These symbols are called Karat marks and they look like this:

24K, 22K, 20K, 18K, 14K AND 10K. The actual purity of the gold in each piece of the jewelry you want to sell is shown by this figure and that's what the buyer pays for. When a buyer offers cash for gold, that's just what he means. The other metals or alloys that make up your piece of jewelry are not considered. You can relate these Karat weights to the percentage of gold actually in each item as per the following:

24K = 100.0% 14K = 58.33%

22K = 91.66% 10K = 41.66%

20K = 83.33%

18K = 75.0%

Thus, you can readily see that all the buyer has to do is weigh your item (after any stones are removed) in order to determine just how many grams of gold he will pay you for at the current spot market price. So if your ring weighs a total of 10 grams and is marked 14K it actually contains 5.833 grams of gold that you will be paid for. Remember that Internet buyers consider each piece as scrap that will be melted down, refined and poured into bulk ingots. Los Angeles Gold Buyers The value of the setting, no matter how ornate, is zero and only the gold content is considered.

Cash for Gold is Very Worthwhile Today

You should remember that the price of gold was much lower when old pieces of jewelry were made. Right now, gold is worth more than it has been in decades. Therefore, you will realize considerably more than you would have just a year or so ago. There has never been a better time to sell your unwanted or broken gold jewelry than right now and Internet buyers stand ready to pay you top dollar.

Choose Your Internet Buyer Carefully

There are many, many buyers online and advertising on TV for your business. However, do your homework and choose carefully because while they all make similar claims and offers, there is a wide disparity between promises and the check you receive. The best way to make a smart choice is to check with a reliable gold buyer review site. This is a website where several well-known buyers are carefully investigated to determine how much they actually pay, how fast they pay-and much more. Of course you can do this investigating yourself if you have the time and inclination. However, why bother when others have done it for you.