Looking to buy or sell gold or other precious metals and don’t know where to start? There are many dealers out there, so it is vital that you know what to look for in your search. The following five tips will help you get the best deals and avoid scam artists:
- Never Pay for an Appraisal – Reputable gold buyers, precious metal buyers and jewelry buyers will appraise your items for free. Never be fooled into thinking that a dealer is doing you a favor. You are providing them valuable business and should be treated with respect at all times.
- Avoid Dealers that Sell their Metals to a Refinery – When a dealer sells precious metals to a refinery, they usually offer 1/3 of the value to their customers. Dealers like Cash for Gold Orange County have a network of resell channels that they sell to, so they can afford to pay top dollar for gold and other precious metals.
- Only Deal with Locally & State Licensed Dealers– Before working with a dealer make sure that they are locally and state licensed to be assured that they aren’t running a scam. There have been countless times that gold buyers have been taken advantage of. Never buy from or sell to a non-licensed entity.
- Make Sure a Dealer has a Physical Office – With the price of precious metals rising, there has been an increase of non-licensed “dealers” who don’t have physical offices and ask for precious metals to be sent to their PO Box for appraisal. All licensed dealers must comply with the Patriot Act, which specifies that they must have addresses that can be frequented by customers.
- Don’t be Afraid to Walk Away – In the case that you don’t feel that you are getting the right deal when you buy silver eagles or sell precious metals, don’t make the mistake of settling. Keep searching until you find a dealer that is trustworthy, offers you the most cash possible and gives you personalized service.
If you live in the Orange County or Los Angeles areas, definitely give Cash for Gold Orange County a try! We pride ourselves on offering the best service, the best rates and are locally and state licensed to boot! We both buy and sell gold, silver, jewelry, watches and more. For more information, browse our Website or give us a call at 714-901-8000.