Gold Selling Tips - Working With Online Gold Buyers
The price of gold constantly fluctuates and has more than doubled in the last 5 years. Many gold buyers in the UK claim to offer the best prices and customer service, but yet so many customers receive a fraction of their promised price and quite frankly an awful service with hidden charges.
We have provided you with our top 10 tips so you can avoid the cowboys in the market and deal with a reputable, honest and safe service of your choosing.
- Deal with a company who has been in the business for a long period of time, anyone who doesn't display their company details or registration number should not be trusted in our opinion.
- When you request a pack from a company, make sure you are aware of the insurance level and if it is enough. If it is not you can increase the insurance for up to £2500 at your local post office if the company offers the higher insurance level.
- Gold buying companies should NOT charge you for the return of your items especially if they are offering a free valuation service.
- Every reputable company should be registered with the British jewellers association (BJA) and should have their logo and membership number displayed on their website.
- You should not be charged for the removal of your stones, they should be removed at no cost.
- Beware that some companies can take up to 28 days to return your items if you do not wish to accept their offer.
- Look at a companies turnaround time this is an important factor, as you do not want to be waiting to receive either your items or payment weeks later.
- We recommend dealing directly with a company who is a refinery, this enables you to cut out the middleman costs allowing you to receive the highest price for your jewellery.
- Always check for hallmarks, these will indicate that your items are real and not costume jewellery as some companies will charge you for the return of costume jewellery.
- Always read the Terms & Conditions.