Five Mistakes You Must Avoid While Selling Gold

While the price of gold fluctuates by the day, the need to buy and sell gold remains steady. During the recession time, America witnessed an amplified rush to sell gold for money. While the intensity may have reduced post the recession, the trend continues to stay on.

If you plan to sell gold jewelry in Kansas City, read on to find out some common mistakes that you must avoid.

• Pushing the sale to the last minute

If you want to sell gold in Kansas City in the last hour of need, your options will be very limited. If there is a sign of "difficult days" plan ahead for the sale of jewelry and enquire around for the sale rates. Pushing the sale to the last minute will force you to take the first offer that comes along. Obviously you will stand to lose a significant amount of money in such cases.

• Not having sufficient knowledge about the metal

Are you well-versed with the basics of gold and its features? If not, then chances are that you end up receiving lesser amount for the gold sold. If you choose to sell a piece of gold from your collection, find out the weight of the ornament, the karat rate, the value of the jewelry in terms of its design and workmanship and then present the ornament up for sale.

• Selling a damaged piece of gold jewelry

Sometimes, the gold jewelry may be affected by the wear and tear of everyday routine and small bends and dents along the curvature of the metal may make the ornament look old and tarnished. Damages in the ornament may not necessarily lower the quality or the karat value of the metal but they certainly bring down the resale value of the jewelry. Therefore it is highly recommended to look for a reliable jewelry repair service in Kansas City before the sale.

• Falling for the hype

You probably saw an advertisement that offers to buy gold for instant cash and you came across a mail away service that promises incredible resale rates. All this and much more can simply push you into the hype of selling gold without much research. If you wish to sell gold in Kansas City through a proper and secure manner, the best way is through finding a reliable pawn shop. A pawn shop that buys as well as sells gold can be trusted even more as they would be experts in dealing with gold and being sellers themselves, they will be able to quote a more appropriate price than any other source.

• Avoid middle men while selling gold

And finally, you must always avoid the interference of middle men while selling gold. Not only do you stand to lose money to these sources but may also suffer from transactions that are not 100% transparent and honest.

The author is a passionate blogger in the city of Kansas. She also works as a financial advisor in a lead pawn shop, for more than 7 years. Visit http://solskc.com for more details.

Sol's Jewelry and Pawn is Kansas City's premiere pawn shop that specializes in jewelry pawns only. We offer immediate cash loans for your everyday needs.