Friday, October 16, 2009

Estimate the Value of Your Gold before Selling


Author: Anirban
With the price of gold at a peak, it is a good time to sell gold. Every family has bits and pieces of gold lying around, single earrings, a gold ornament you never liked, broken necklaces you don’t know what to do with, jewelry pieces without hallmark, a ring without its original stone or something most unfashionable!

The gold trader will buy the items mentioned as well as pendants and lockets, broaches and pins, watches and even a single cufflink, dental gold, pre 1946 English silver coins and all varieties of trophies and tableware, hipflasks and cigarette cases besides gold coins, ingots and diamonds. Generally the gold trader will not accept gold dust or gold leaf.

So how do you sell gold ? Get an estimate first. On the web site you have a ready estimator. Weigh your gold in grams using a balance. You must remember that your kitchen balance is generally very unreliable and you will get an approximate weight, which you key in. Next you key in the carat value of gold that you have. Generally your options will be 9, 14, 18 or 22 carats. If your jewelry has a hallmark or a receipt there will be no problem. The estimator will give you the price of your gold for that day till 5 PM.

Next you give your personal details online. You will receive an insured gold pack and a special delivery postal envelope. You need to put down all the details of the valuable articles and seal the pack. Put the gold pack in the envelope and post it. The contents are insured up to a certain value. If your pack’s value is greater you have to pay a small amount, which is refundable. The gold trader will evaluate your valuables under CCTV surveillance and quote a figure. If you accept the quote you get payment in cash or by bank transfer.

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