Emergency financial situations often catch people off-guard. Accidents, hospitalizations, or sudden deaths are just some instances when any family would need a significant amount of cash. As a response to their circumstance, they sell various properties to get money. A common object many people sell is jewelry. Abusive jewelry buyers thrive in these kinds of situations. They appraise gems lower than the real price, but people do not realize it as they know little about appraisal. Desperation should not result to unwise decisions. Read on to know some tips to find a credible buyer.
People choose to sell jewelry, particularly gold, as it is easy to trade. The value of gold only appreciates, regardless of whether it is broken gold pieces or coins. As such, fraud buyers maximize the opportunity, while abusing the situation of the distressed sellers. You should know how to distinguish the dishonest traders from the legitimate ones.
Word of Mouth
The first thing you should do when looking for a buyer is to ask for referrals. You can go to your family or your friends for some advice. You can also ask colleagues or workmates for more options. They may have sold jewelry before, or they may know someone who did. Going online is a good second step. It is easy to do, as you only need a computer and an Internet connection. Testimonials about sellers are also available online. Be sure to check as well if the reviews are genuine.
When you have come down to a list of prospective buyers, follow it up with research. Dig more about their background by contacting local business bureaus. Check if they are in the official registry. This should let you know if a buyer is licensed or accredited. You can also see in these records if a buyer has past criminal cases.
The classifieds are also a nice source to know about a jewelry buyer. Having ads in these publications does not mean they are legitimate, or that they have the best prices. Look out for “cash for gold” businesses, however. These are registered companies, and they offer quick cash, but they do not really offer what your gold is worth. The best appraisers should be the jewelers gold dealers.
You may have to conduct trial-and-error to get a good range of the price of your jewelry. Visit several jewelers and buyers, and then ask them to appraise your piece. When you have trimmed down your options, this should be the most effective way to know the best price.
Do not feel pressured in dealing with these buyers, as all of them will try to lure you. They will exert effort so you will not leave their store, and sell your jewelry to them. Be assertive so you can also get a better price.
Stay away from “too good to be true” offers. It is easy to discern, as they may be too vague or the jewelry buyer cannot tell you in detail everything about the offer.
The genuine jewelry buyer informs the owners of all the terms they need to know, so you are sure that the transaction is safe and legitimate.
By Darius I Mirage