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As people fall on hard times, many are liquidating their gold jewelry and coins to meet expenses. Unfortunately, the Better Business Bureau reports that many are getting swindled: The uptick in the gold trade has been accompanied by a spike in complaints against the gold buying industry. The good news is that unscrupulous companies are usually easy to spot. People fall victim to these buyers when they’re in especially dire straits and don’t take time to research their options.
The vast majority of complaints against gold buyers involve companies that advertise primarily on television. These companies have customers mail their gold items and wait for a check. Consumer complaints typically involve price quote discrepancies, unadvertised fees, and problems with shipping or other customer service.
Customers can avoid these problems by dealing with an established local gold buyer. This is as easy as visiting a reputable coin shop. Most coin shops buy and sell gold in many forms such as coins, bars, and jewelry.
Once you’ve identified a potential buyer’s website, make sure that it clearly outlines their procedure for purchasing gold. The website should also clearly display gold price listings sorted by karat and weight.
If the company meets these criteria, check their record with the Better Business Bureau. You’ll have access to any recent complaints and consumers’ overall satisfaction ratings.
West Seattle Coins,  a shop located in West Seattle, WA, is an example of a buyer you can trust. West Seattle Coins offers the security of a local dealer and Washington’s highest gold payouts. They’ve been buying and selling gold in Seattle since 1979.
At West Seattle Coins, knowledgeable on-site gold specialists offer top prices on Gold Eagles and other gold coins, gold bars, gold jewelry and other gold items. They also buy silver coins, platinum coins, rare coins, paper currency, rubies and other gems, clocks, antiques and fine art.
West Seattle Coins is located in the heart of West Seattle at 4500 SW California, Seattle, Washington.
