Tips on how to select Gold Buyers
Have you got gold coins stocked in the attic? You can convert these into cash by trying to find reputable online gold buyers.
Gold buyers are ready to promise customers anything in order to make sure their business is running. You can see it from many TV channels and online advertisements that make viewers interested in the gold industry.
If you need to know where you could find a company that can buy gold coins, look at gold buyers available in your area. If you are not familiar with this trade, however, here are a few important points to consider when searching for reliable gold buyers:
-The presence of a physical address:
There are plenty of illegitimate gold buyers out there. These businesses usually offer a Postbox number rather than contact information. You have to be careful about these gold buyers.
It’s important that you confirm the physical address of the gold buyer by way of their webpage. Do your own research by using Google maps to discover if the physical address really exists.
Be sure you get their contact number through their website and give them a call. You need to ask them about service and mode of payment. The company has to be willing to explain the process to you if you don’t understand how they go about their business.
-The price offered for gold per gram
You should know the price the buyer is prepared to pay per gram of gold. They need to be specific about pricings in different karat ranges as well. Please note that the price of gold changes every day. Sellers such as yourself ought to have an idea about the current market price of gold per gram to know if the price offered to you is reasonable.
-The name of the shipping company the gold buyer is using
Check how the company will ship your gold coins. It is strongly suggested to trust gold buying companies that do not use a U.S. postal service. It is because couriers that go through the postal system have the highest rating in theft and lost packaging. Additionally, it doesn’t have any insurance coverage and that often means trouble if your package gets lost along the way.
If the companies use FEDEX, UPS and DHL for shipping gold, you’ll be able to breathe easy. These couriers are trustworthy and reliable.
Another thing you have to keep in mind is you should never depend on companies that use an untraceable system in shipping gold. If you do, you would end up losing your gold coins with no tracking system and no one to contact for it.
-The offer of the gold buyer
There are two ways for gold dealers to notify you when they have an offer. In the first method, the company delivers a check with a fixed time frame that’s usually 10 to 12 days. This will offer you enough time to negotiate if you do not agree with their offer. Generally, the check reaches the customer with only 2 days left to settle the price. Once this period is over, gold buyers will melt your gold and you’ll be unable to do anything about this.
In the other method, the gold buyer will give you a call or e-mail you their final offer. They will give you some time to think about their offer. When you’re satisfied, they’re going to send a check and if you’re unhappy, they’re going to return your gold coins.
-Insurance of your shipping
If the company would like to buy gold coins from you, it must look after your best interest as a seller. They should be able to offer you insurance for the gold you’re going to ship. Many gold buyers are able to provide you with insured shipping to address any kind of unanticipated accidents. The gold buyer should provide insurance that’s worth your package.
Evangeline Stevenson is a businessman who is seeking gold buyers who are interested to buy gold coins.
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