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For centuries, if not millennia, gold has been considered one of the best investments of all. Buying and selling this precious metal has only become easier since the Internet became available. Using the internet gives sellers easy access to buyers who were once too far away to even know about, let alone do business with.
Today’s gold buyers don’t just deal in bullion or coins. Jewelry and even old gold tooth crowns can be turned into cash through a simple process. Usually, all it takes to sell gold online is to submit your address and other information onto a buyer’s website. The buyer will then send an envelope for you to mail them your gold. Once the company gets the items, they’ll test it for gold content and make an offer. If you accept the offer, you get a check. If the offer is too low and you refuse it, a reputable company will send your gold back to you.
There are several methods that can be used to determine the value of your gold.
*The most common technique involves an electronic testing device. For this method, a few drops of solution are placed on the item to be tested. The electronic device then displays the results.
*If the electronic meter is unable to give a satisfactory reading, an older method will likely be used. The older system involves using a weak acid solution and pre-calibrated needles to determine the quality of the gold.
*Finally, a gold buyer may use the most modern method. This method is also the most expensive, so it is usually a last resort. The technique, called x-ray fluorescence testing, produces a detailed report of the item’s gold content as well as the amounts of zinc, copper and other alloy materials in the metal. This is done by analyzing the dispersion of the x-rays that hit the item in question.
Before selling your gold online, it is essential to check the reputation of the buyer to make sure the company is legitimate. Along with basic legitimacy, the buyer should be known for being prompt in completing transactions. Once the company receives your gold, it should send you a receipt immediately and quickly give you an offer. Of course, the buyer should send you a check right away if you accept their quote.
Other things to look for in buyers include a willingness to insure the gold you send against loss in transit. If you send high value gold like heirloom jewelry or high grade bullion, make sure the buyer is skilled at assessing these unique pieces.
Here at West Seattle Coins, we specialize in buying gold. When you bring your gold to our store, you don’t have to worry about your valuables getting lost or getting an unfair assessment. Sell your gold to us and see how smoothly your transactions take place when you deal with a well established gold buyer.
