Sell Unwanted Gold Jewelry To Gold buyers in Chicago

by | Oct 10, 2020 | Jewelry

People looking to cash in on their unwanted jewelry are all too quick to accept what the sales person says their items are worth. Those looking to cash in on unwanted jewelry should seek Gold buyers in Chicago to buy or sell jewelry at the most fair price.

The gold buying industry in recent years has seen a rise in “Rogue” buyers, offering the lowest price on gold from uninformed consumers. They will then turn around and cash in with reputable dealers making a substantial profit for themselves. It is up to the seller to be aware of how the gold is being weighed and at what the current market shares for gold are at when they are selling. Some dealers will try to offer a price for gold based on weighing the gold by pennyweight, equivalent to 1.555 grams as opposed to by the Troy at 31.1 grams. Selling at house parties is not recommended either. The buyer will weigh all the gold in one pile, not individually therefore paying the full value of the piece(s) per person. There are also too many hands in the pot, the buyer, and the host gets a cut before the seller sees a profit that is spread out to everyone, no matter how many pieces they sell.

Finding reputable gold buyers in Chicago is easy, and those looking to sell their unwanted jewelry can call the Chicago Gold Gallery. A dealer with good standing can offer a price based on the items actual value. Gold buyers hold a license and credentials through the state they are licensed to operate in, and only legitimate buyers are licensed by the state. If a buyer cannot produce credentials, then a seller should walk away.

People looking to sell their gold in Chicago and surrounding areas can visit Chicago Gold Gallery. They offer the highest prices on gold jewelry in town. Customers can sell their gold or get cash loans on their gold and jewelry. They also sell a wide selection of diamonds, watches and other fine pieces for those looking for something unique.

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