Learn The Ropes on Selling Your Gold in Toronto
When preparing to sell or buy gold in Toronto or the GTA, it’s important to know its worth and hunt for the best value. As the stock market fluctuates and the value of gold increases or decreases, many gold investors are left contemplating whether or not to sell.
With such an abundant amount of buyers in Toronto, your choice to sell may be tricky or even intimidating for first timers! Therefore, we’ve decided to compile a list of 5 tips on how to sell gold in Toronto.
While you may not be ‘buyer’ but rather the seller in this situation, it’s important that you shop around to find a gold retailer that will give you the best value for your precious metals and gold. To avoid driving around the city and the GTA to visit various shops, we recommend that you call the retailers and/or the ones in your local area first. This will help you eliminate wasted time and you can instantly ask the retailer what they’re willing to pay for your gold on the spot. This will also give you a price range if what to expect for your gold.
Ask for Recommendations
Consider asking friends or family members about their personal experiences when selling gold. Where did they go? Do they have a frequent gold retailer they go to? This will help you avoid dealing with untrustworthy businesses. Creditability and reputation can say a lot about a retailer! Moreover, trusting your gold retailer is important if you want to build relationships for future business opportunities.
Don’t mix up your karats
To ensure you know the value of your gold, it’s essential that you are informed about the kind; they are as follows: 9 karat, 10, 12, 14, 18, 22, and 24 karat. With so many quality variations for gold, it’s easy for anyone to mix up the value. One simple method of checking the gold value is to look for small stamps (indication of the karat) on your items. However, it is always recommended to get a professional opinion and request a couple of gold buyers to check the value for you.
Pay Attention To The Scale
Similar to understanding what type of gold you own; it is essential that you know the proper weight of your gold. When working with a gold buyer, make sure you are about to check/see the weight of your gold when getting quoted for a price. Is is also important that you work with a jeweller or pawn shop that evaluates your gold and valuables in front of you. When selling any valuables, it’s important that both parties, buyer and seller, are transparent to build trust among one another.
Bring your ID
When you’re at the stage of selling your gold, remember to provide some formal identification to the store. It is a waste of time going to the store when you’re ready to sell and being unprepared to finalize the sale! To avoid any obstacles, consider calling the store before your visit to ensure you have everything you need.
Do you have any tips for buying gold? If so, we’d love to hear your input! If you’re planning to sell gold in Toronto or the GTA, drop by D&G Jewellers, we buy gold, silver, diamonds, and more. We’re conveniently West of downtown Toronto in Etobicoke. For more information about our services, contact us today!