Selling gold jewellery is an easy way to make some quick cash but it can also be a scary proposition. As you are selling a very important valuable and, with so many gold buyers in Melbourne, it can be difficult to know which one is the right choice.
It’s then important to understand what to do before you sell, including the right buyer, knowing the value of your gold jewellery and market price are among other factors. Here are some common mistakes to avoid and tips to sell your jewellery the best way to make the most out of your valuables.
Not selling to professional buyers
If you’ve never sold gold jewellery before, it’s always a good idea to do your research and go to a reputable gold buyer in Melbourne. Working with a professional gold buyer is the best way to get a good deal for your jewellery as well as get the right information. Professional gold buyers can accurately determine the value of your jewellery and know market conditions. Seek the help of a trusted gold buyer to sell your gold for cash.
Selling gold in a hurry
Another huge mistake people make when selling their gold jewellery for cash is selling too quickly. While there are many platforms that offer to buy your gold and give you instant cash, it’s important to take a step back and avoid selling in a hurry. When you sell in a hurry, you may not consider all your options or have your piece properly evaluated, resulting in a lower price than you expected.
Not knowing your gold jewellery’s worth
Having an idea of how much your gold jewellery is worth ensures that you’ll get the most suitable offer. If you know how much you should sell your piece for, you can reject offers that seem too low or unfair. To determine how much your item is worth, gather all documents related to the item and schedule an appraisal with your buyer. Make sure to take note of anything that makes your item more unique or valuable, like intricate design or precious gemstones. Again, being prepared is key when selling jewellery!
Taking the first offer
One of the most common mistakes when it comes to selling gold for cash is accepting the first offer you’re given. While you may feel pressured to accept, it’s important to remember that you’re not, in any way, obligated an offer that you deem unfair. If you don’t feel comfortable with an offer, follow your gut. And if a buyer is pressuring you to accept their offer, run the other way. A professional gold buyer will never pressure you and may even present you with other options for where to sell gold, should you not take their offer.
Not asking how payment works
If you want to get cash quickly, ask your buyer how soon they pay and how this will be done. Some sellers can take weeks or months before paying you. If you need cash urgently, this may cause even more problems. A reputable buyer can appraise your jewellery and make an offer quickly.
By avoiding these mistakes, you can get the best possible deal for gold jewellery. Crown Diamonds has been trusted in Melbourne for 15 years so you can rest assured that we’re committed to giving you the best price for your gold jewellery. We provide a friendly, secure, and safe transactions for all our clients. Call us today at 03 9645 6465 to schedule an appointment to sell gold for cash!