If you’ve never sold gold, you’ll likely feel nervous about the entire process. The gold you’re trying to sell will likely have been in your family for generations and you will want to keep it safe through the entire process.
If you’re asking yourself “how can I sell my gold in Houston“, the following tips will help you through the entire process:
Are You Selling Gold Bullion?
The way you sell your gold may depend on the type of gold you have. Selling gold bullion, for example, is a fairly simple process. People should consult a professional before selling their bullion because bullion is normally held as a long term investment.
Whether you keep your physical gold in a bank or in a safe at home, you will need to get it appraised first. You can determine the value by yourself if you wish. You do this by determining the weight and then multiplying that by the purity, which is either .995 or .999. The purity can be found stamped somewhere on the gold bar itself.
Take the gold’s estimated worth and head to a broker or to a direct buyer. You can use this information when determining the final sales price.
How to Sell My Gold in Houston: Scrap Gold
Selling scrap gold such as jewelry can be much more difficult. You must first determine the value of the gold, which is difficult because there really is no one set value per piece, like there is for bullion.
The easiest way to determine the value of scrap jewelry is to take it to a local pawn shop or jewelry place in Houston where they can test the purity and weight of the gold. Once you have a set estimate for the worth of your scrap gold, the next step is to find a buyer. Finding a quality buyer is important because you should attempt to get at least 90 percent of the gold’s current market value.
How to Sell My Gold in Houston: Reputable Buyers are Important
Finding a reputable gold buyer in Houston is very important. During the process, you want your gold to be safe and should only accept a price that comes very close to the actual value of your product.
Before you agree to sell your gold products to any buyer, ask for some references. Make sure the person you sell to has a good client base that gives them quality feedback. Before you hand over the gold, make sure you also understand the form of payment that will be made to you.
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