Finding a company willing to purchase your scrap gold is easy. There are hundreds of them. A few have been in the industry for many years, and have a track record of treating their customers fairly. Most companies, however, have appeared recently as the price of gold has climbed.

The majority of these companies are likely dependable, though without a history in the industry, it’s difficult to know for certain. Selling your gold jewelry and scrap gold to them is largely a step of faith. You hope they will honor the transaction, and offer a competitive price.

Below, we’ll provide a few helpful suggestions for finding a gold buyer that keeps your best interests in mind. If you take the following steps, there’s a better likelihood the transaction will go smoothly.

What To Look For When Searching For A Buyer

One of the most important signs of a reputable buyer is the number of years they have been involved in the industry. As mentioned, most of the companies online seemed to have appeared out of nowhere. Look for a buyer with at least ten years of experience. This is an area where more is definitely better.

You should also work with a company that clearly explains the buying process. There should be no ambiguity when you pack your scrap gold, and mail it to them. The buyer should describe what they’ll do when they receive your package. They should provide details regarding how soon they’ll respond with an offer, and if you accept it, how soon they’ll mail the check to you.

Some of the best buyers are refiners. They not only buy your scrap pieces of gold, but they also recycle it back into production. This is much easier on the environment than mining for new gold. A refiner should explain the process your items will undergo following your acceptance of their offer. Even though this information is inconsequential to the sale, it shows a high level of transparency.

Ideally, the company to which you sell your gold will have a phone number listed on their site. This, too, shows transparency. It also displays a clear willingness to speak with customers.

Making Sure Your Collection Of Gold Pieces Is Secure

From the moment your gold jewelry and scrap gold leave your possession, you’ll want to know they are safe. Some buyers will offer to insure your mailing package up to $200 or $300. If it becomes lost in the mail, the contents will be insured. Keep in mind that not all buyers offer insurance. Make sure you work with one that does.

When your package is received at the buyer’s facility, it may be exposed to possible theft by an employee. This is the reason many buyers isolate their processing areas, and install security cameras; everything is recorded to ensure your scrap gold pieces are secure. Look for details regarding security on the buyer’s website.

What To Expect After Sending Your Scrap Gold To The Buyer

Once you mail your gold jewelry and other precious metals pieces to the buyer, they will receive it within a few days. Then, they’ll carefully assess your collection’s value. You should already have an idea regarding its value based on current spot prices.

After the buyer has inspected each piece in your package, they will notify you of their offer. If you are working with a broker, the offer will be much less than that extended by a refiner. The reason is because the broker is simply a middleman. Once you are notified of the buyer’s offer, you’ll have a set timeframe during which to make your decision. If you choose to accept their offer, they will mail a check to you. The best buyers typically put the check in the mail within one business day.

Selling your gold online may seem intimidating if you have never done it in the past. But it is a safe, smooth process once you find a reputable buyer.

Author Bio: The best online resource for Money For Gold or Sell Gold Online can be found at refinity.com

Category: Advice
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