JS Gold & Coin

5 Mistakes to Never Make When Selling Your Gold

Your gold is your valuable possession that can be worth a significant amount of money. To ensure you get the most from your transaction, it’s important to avoid making common mistakes when selling your gold. Here are five of those mistakes:

• Dropping off Your Jewelry and Leaving

Be present at the weigh-in of your gold, as this will determine the value of your items. Have every item separated by karat and weighed while you’re still in the building.

• Selling Gold to a Temporary Location

Kiosks, road show tables, and other temporary gold buying locations could be a scam, offering you much less than your gold is worth. These buyers have no repercussions for questionable buying practices, as they can get up and leave town in the middle of the night.

• Not Getting a Second Quote

Even if you think you’re getting a great return on your jewelry, you’ll lose nothing if you take it to a second buyer for another quote. Thank the original buyer for his or her time and let him or her know you’ll be back if you don’t get a better quote.

• Not Paying Attention to Instincts

If you walk into a place to sell your gold and have an uneasy feeling, don’t take a chance. Walk out and find a place to sell your gold where you feel comfortable and not pressured. An open, honest buyer has nothing to hide and will reflect that in a first impression.

• Mailing in Your Gold

You’re probably hesitant to mail even small amounts of cash, so why would you mail entire pieces of gold jewelry? Mail will ultimately pass through the hands of dozens of people. This may prove far too tempting for one person who’s even just curious about what’s in the envelope. What’s more, mail-in gold buyers often offer far less for gold than a brick-and-mortar buyer. 

JS Gold & Coin is a different kind of gold buyer. We’re honest, fair, and involved in giving back to the Cincinnati community by organizing fundraisers for charitable causes. Come into our store to see the difference, or give us a call at (513) 208-2615 today to learn more about us.

Hit The Jackpot With These Articles About Selling Gold!

Our recent posts have discussed trends in selling gold. For more information about buying and selling this precious metal, take a look at these resources.

• The troy ounce is a special system of measurement used only for precious metals. Learn more about this unique unit and its history on this informative website.

• Selling gold for the first time can be intimidating, especially if you’re not sure what you’re doing. This article from CNN.com will give you some tips to make the process easier.

• BankRate.com provides great information about types of gold you can sell and how to get the best deal you can.

• Keep track of the price of gold 24 hours a day with this chart from Kitco.com.

• With gold prices as high as they are, many people are finding gold in unusual places. Learn more in this article from ABC News.

If you live in the Cincinnati area, JS Gold & Coin should be your first stop when selling gold. Call us at (513) 208-2615 for more information.

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Keep Up with the Current Price of Gold with This Helpful App

If you buy or sell gold, you need access to market prices at any time. Fortunately, the Gold Tracker iPhone app will provide the current prices of precious metals right to your fingertips!

Gold Tracker tracks the prices of gold, silver, and other precious metals in more than 100 currencies and several systems of measurement, including grams and troy ounces. It also compiles records of these prices into line graphs, so you know where prices may be headed.

The prices of gold and other precious metals are higher than ever, creating a great opportunity for sellers. If you’d like to turn your extra gold into cash, call JS Gold & Coin in Cincinnati at (513) 208-2615.