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Never let any Gold Dealer or Buyer Make You Feel Pressured or Obligated

Are you planning on selling your gold or gold jewelry? Here’s a golden nugget tip for you; Never let any gold buyer or gold dealer make you feel pressured or obligated. Do not tolerate a dealer that makes you an offer based upon you accepting it immediatley. Never allow a dealer make you feel guilty about shopping around.

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When selling your gold, a buyer should make you a fair offer based on the purity, weight, and “spot gold price” (which can be found at kitco.com). The price quoted should be good as long as the “spot gold price” does not go up or down drastically. Don’t be fooled – if gold drops $3, it should not affect the quoted price. However if gold goes up or down $10 then the quoted price will need to be adjusted. This is based on selling gold jewelry. Gold coins that are being purchased for bullion or numismatic premium – every dollar, up or down, matters. Regardless of the price, the gold buyer should not make an offer based on you accepting it immediately. A reputable gold buyer that is giving you a fair price should be willing to put their quote in writing. It is your right to shop around to ensure that you are getting a fair price on your gold jewelry. Never allow a gold buyer to make you feel guilty for getting multiple quotes.

If you live in Palm Beach County and would like to sell your gold or gold jewelry, be sure to put the Lake Worth Gold Mine on your “shopping” list. We always give the best quotes possible with a no pressure, friendly, comfortable enviorment.

Lake Worth Gold Mine
8100 Lake Worth Road
Lake Worth, FL  33467

lakeworthgoldmine.com

Selling Gold? Here’s a few tips before you sell.

Gold is still on the rise. Are you considering selling gold jewelry? If so, before you sell, here are a few tips that will help you.

First and foremost, find a local, licensed precious metal buyer. There are many individuals and “businesses” that do not have the proper license to purchase gold, silver and platinum. They are operating illegally and generally do not pay you what your items are worth.

Check out “reputations” online with BBB, Angie’s List, and other consumer review sites on the web. Customer experiences will help guide you where to go.

Avoid sending your gold jewelry to a buyer through the mail. This is scary. You really don’t know where it’s going, how it’s being processed and what the value is until they get back with you. Go to a local buyer.

The Antique Road Show is famous for evaluating antiques. Many buyers try to emulate them by setting up shop in a hotel lobby for the weekend and advertise in newspapers for a “weekend buying event”. Stay clear – they are not the Road Show! These type of gold buyers are notorious for low payouts.

Pawns are in the loan business, that is how they make money. There offers are usually less than a gold buyer.

Be careful of jewelry stores that offer you a large payout – in store credit. In-store credit is not the same as a cash payout. This allows the jewelry store to sell you more over-priced merchandise making you think that you are getting the best offer.

If you go to a local gold buyer, be sure to have ALL your items tested in front of you and then weighed by karat. This ensures that you are getting paid for 18k jewelry as 18k gold and not weighed in with 10k gold which pays less.

One of the most important tips is to get a quote from whoever you are in front of BEFORE you say what you want. A lot of times customers are not aware of how much their gold is worth. If they ask you “how much do you want?”, do not walk, run out the door. You are about to be taken advantage of. Make them quote you first.

Shop around, get some quotes. Get written quotes, with the price of gold and the weight of your items. Gold does go up and down hourly like the stock market, prices are subject to change and this will ensure that if you go back you get what was offered. If a shop will not give you a written quote, again, run!

These tips should help you get the maximum price for you when you sell gold jewelry.

If you live in the Palm Beach County area and are considering selling gold, then put the Lake Worth Gold Mine on your shopping list for the most competitive offer.

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Lake Worth Gold Mine
8100 Lake Worth Road
Lake Worth, FL 33467
561-729-0094
lakeworthgoldmine.com

Have you considered selling your gold jewelry but not sure who to sell gold to?

There are many options such as a pawn shop, retail jewelry shop, a gold buyer or 
refinery to name a few.  You want to make sure that you are selling your gold to 
a licensed gold buyer. There are County, State and Federal regulations that a 
licensed precious metal buyer have to follow. Many hotel buyers, flea market 
vendors and Craig's list buyers do not operate in a licensed manner.

Do your research and check for state and county licenses. Are they a member of 
the local community and Better Business Bureaus? Check their reputation by 
doing a google review search or check the social media networks such as Facebook to see 
what people are saying. 

Selling gold can be a rewarding experience if you are selling to the right gold 
buyer. Be leery if the business does not weigh your items in front of you - in 
calibrated and certified scales. All items should be tested in front if you to 
determine gold purity. Be sure to have your gold weighed by carat as opposed to 
one master weighing and then offered a lump sum for all.

Check back for other tips for selling gold.

If you live on the Palm Beach County area and would like to sell gold, be sure 
to put us on your shopping list for the most competitive bid.

Check us out at our website, www.LakeWorthGoldMine.com

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Lake Worth Gold Mine
8100 Lake Worth Road
Lake Worth, FL 33467
561-729-0094