Tuesday, 1 September 2015

Ways To Find Reputable Gold Dealer In Toronto

By Daphne Bowen


There are so many dealers that a person can choose from. Less than half of them are certified. Those that are not certified have so many complaints that you do not want to go through. There are so many advertisements out there and they can be misleading. There are some factors that you can consider so you can find the best reputable gold dealer in Toronto.

There are some things that need to be considered before the decision is made. One major factor that should be considered is the credentials of the intended buyer. They need to be licensed and certified. This will help you weed out those that are not certified to buy in your state. Also ask about the total number of years that they have been operation.

Before you can go out and sell the pieces, it can be of advantage to you to get it independently appraised. This appraisal will help you to get an estimate of the total value of your piece. It might not be the exact amount you will receive but it is an estimate. This will help you figure out if you should sell it as a piece of art or you can sell it to be smelted. There are some that are more valuable sold individually others are more expensive sold to be smelted.

Appraisal is also important in case you lose the jewelry. There have been many cases where the precious pieces are lost during shipment. In such a case you would want to be reimbursed for that amount. The appraisal will be proof of the amount that the piece was worth. It is important that you check the reimbursement policy of the buyer before choosing the best among them.

Before making the last choice it is wise to look and compare different prices that will be given by different buyers. The price will vary significantly depending on where you sell it. Also the number of hands in the pot makes the difference also. If you are selling to a big company they will pay you a less amount of the value since they have to pay their employees with the profits they make.

When going to make a sell it is important that you be as realistic as possible. Some people usually expect the fact that they are selling gold they will get rich. This is not the case since most of all the jewelry is not made entirely of gold. The gold present is usually a percentage and the rest is base metals. Because of this the buyers will conduct a test on your piece to determine the gold percentage.

Many companies use advertisements for their marketing strategy. They usually spend too much money and they have to reduce the amount they pay their buyers. This is because so much of their profits go into advertising.

For this reason they should be avoided. Instead of the dig companies choose a smaller one. You can get referrals from a friend or a relative who has used their services before. You can also do some research online and find a buyer.




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