Cash for Gold – A primer on how you can get the maximum value when you sell gold for cash

Cash for Gold – A primer on how you can get the maximum value when you sell gold for cash

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Getting cash for gold in Reno NV is pretty easy. There are a plenty of places where you can sell your gold. There are pawn shops, jewelry stores and even private buyers to buy the precious metal from you. While there are many such options for you, as a seller, it is up to you to ensure that you get the best deal out of the transaction. So how can you make sure that your sale is beneficial to you? Here are some tips on how you can make the most out of the sale.

Cash for Gold: Know what you own

Taking stock of the gold you have is an essential step in categorizing it before the sale. You might have it in the form of bullion, day to day ornaments, precious jewels or coins. Normal jewelry could include ill-fitting rings, single earrings, pendants with missing stones and those items that you are not able to use due to various reasons. A rare jewel, antique family heirloom, any article that commemorates any event that happened in the past or a piece of jewelry that came from a notable jeweler could be categorized as a valuable item. When you have this knowledge, you can demand the right price.

Know your Karat

Ornaments are not made of pure gold while coins and other types of bullion are pure. The amount of the precious metal in a jewelry item is denoted by its Karat value. 18K, 21K and 14K are some of the examples of Karat values. 18K in a product means 18 parts out of the entire 24 is gold while the remaining is some other metal or alloy. This means that the product contains 18/24 = .75 or 75% gold. This calculation is very important because when you sell gold for cash, the buyer will rate your items on the Karat value as he will pay only for the gold in the product and not for any other metal. So more the Karat value, the more money you will get.

A professional appraisal will help

While an appraisal from a professional will cost you, it will also give you essential information about the gold that you are selling. Any antique jewelry or valuable exquisite items coming from popular brands or manufacturers will fetch you more money. But the true value of such products can be known only through an expert appraising agency. You will get an official market value from such licensed appraisers that you can use to enhance the value of your gold.

Know about the buyer well before making the transaction

It is important that you get good value when you sell gold. It is also equally imperative that you deal with trustworthy buyers and established businesses with fair practices. This will ensure that you have a smooth selling experience and avoid getting entangled in scams. Reliable buyers will test your articles for free and perform the testing in front of your eyes. You can also go through BBB reviews to know more about the buyers.

When you sell your gold for cash, you are choosing a method of obtaining instant cash that has been in vogue for so
many centuries. You can get the most benefit out of the sale transactions, if you do your homework right and know the basics thoroughly. Getting multiple bids from different buyers, keeping up with the current market value of the precious metal and being realistic will fetch you good value that you rightly deserve.
Larry at Sierra Coin has been in business for over 45 years.  He is always super fair when you need to get cash for gold.  Call him at (775) 241-4120.