Is it better to try to sell my gold at a jewelry store, pawn shop, through the mail, or on the internet?
Where can I find the best gold buyers in CT? The best ct gold buyer is the one that will give you the highest price and the quickest payout. Jewelers and other local buyers can give you cash on the spot, and tend to have the expertise to determine the value of gemstones, signed designer pieces, or coins, all of which may be included in your scrap gold and which may be worth more as-is than their weight in gold. Plus, dealing in-person ensures that you’re able to walk away if you’re not offered what you thought the gold was worth, unlike with mail-away services, which offer little recourse if the offer is low.
How much will the used gold buyer offer for my gold? Most scrap gold buyers pay between ten and 20 percent less than what the gold is actually worth so that they are able to resell it for a profit. It is very important to know what your gold is worth so that you don’t get ripped off. Dealers typically won’t tell you how they arrived at their calculation of how much to pay you, but this is exactly how they do it. If you are offered less than 80 percent of the calculated value, look somewhere else to sell your gold. A reputable local gold buyer will be willing to explain the pricing and give you time to consider the offer
How much do they pay for gold per gram? Any ct gold buyer should be willing to tell you what they are paying for gram of 10K, 14K, 18K, and 24K gold according to today’s market price. The amount of money your gold is worth depends on the gold purity (known as karat), weight in grams, and the daily spot gold price, which is determined on the open market. Just as the stock market goes up and down every day, so does the price of gold. Expect a used gold buyer to pay about 80-90% of the top value of your gold. Check the daily price online or in your newspaper before selling your gold so that you know if they’re using a price that is too low.
A reputable used gold buyer should be willing to explain the process to you and will make sure that you understand their pricing. Watch out for gold refiners such as those who advertise on TV who quote you a price without any information to justify it, as you may have been offered an unreasonably low price for the gold you’re trying to sell.
Prices of you unwanted gold jewelry are the same whether it’s yellow, rose, white, chocolate, or black gold. It is the purity of gold, not its color which is given by the additives put in the mix, which matters most when trying to sell you gold for cash to ct gold buyers.
The biggest mistake is not knowing what you have. Before selling your gold to a CT Gold buyer, arm yourself with as much information as possible, including the weight of your gold, its fineness (measured in karats, which should be marked on the piece itself) and the current price of gold. If you don’t know what you have, you may end up getting ripped off by a ct gold buyer who offers you an unfairly low price. It is also possible that the jewelry you thought was gold was actually gold-plated or a gold-colored metal that you cannot sell to a used gold buyer in CT.
Most mail-in used gold buyers will not consider the design or maker of the piece when computing its value. Pawn shops and jewelers, on the other hand, may decide to pay you based on the design of the jewelry, as they can resell it as-is rather than sending it away to be melted down into solid gold. The same goes for old gold coins – the value may lie in the coins themselves, not in their gold content. Ideally, you want to work with ct gold buyers who can recognize such pieces, point them out to you, and be willing to pay you a premium for them, although if you’re absolutely sure you don’t have any designer pieces, whether they are able to do this won’t matter for you.
This question can help you understand how much profit a ct gold buyermust make on the transaction of buying your used gold. Middlemen sell to refiners, and must offer you a slightly lower price in order to make a profit when selling your used gold. On the other hand, these are the used gold buyers in CT that are easiest to find, as they tend to include pawn shops, jewelry stores, and other local gold buyers.
To calculate the value of your scrap gold jewelry, you need to know the current price of gold, the weight of your jewelry, and the karat, or measure of what part of the total weight is comprised of gold. Look closely to determine the karat of gold, and use a gram scale to determine the total weight of your gold object. Divide the current gold price per ounce by 31.8 to determine today’s gold price per gram. Then, multiply this number by the fineness of the gold by first dividing its karat by 24. So, 10 karat gold becomes 10/24 times today’s gold price per gram. This will give you the current price of 10 karat gold for every gram of total weight. Multiply this number by the weight of your gold object, and you’ll be able to determine what your scrap gold is worth on the market. There are also online calculation tools that will determine this price for you.