Gold has been one of the highest valued metals for centuries, and its glamour continues today. In NYC, gold owners flock to jewelry shops, gold buyers or pawn shops to sell gold for cash. Gold prices are constantly changing, increasing when the economy is flat. Therefore, if you have gold coins, gold jewelry or even bullion bars that you want to sell, it is important to have an expert test the gold purity. Then, you will be able to determine the correct value of your gold so you can sell your gold for cash.
The gold economy is always changing, therefore, being aware of the current prices will aid you in selling gold for the highest payout. Therefore, the perfect time to sell gold is when the market value is high. Be sure to check online the current prices of gold so you can determine the best time to sell your gold piece. Whether you have unwanted gold jewelry, gold coins, or even scraps of gold, you can sell them for competitive prices. Remember, selling gold at the right time will maximize your payout.
You have several options when selling gold, and being knowledgeable about your options will help you decide which is the best place to sell gold. Whether it is at a gold auction, a private buyer, or selling gold online, there are advantages to each.
Selling gold at an auction: Buyers at auctions usually pay full price, but, be prepared to wait all day for your bid.
Selling gold online: Always a fast option, however, there is high security risk involved.
Selling gold to a private buyer: May take time to find a gold buyer you trust, however, once you do, you will find it is time efficient, reliable and a great cash payout.
Remember, knowledge is power.
When you decide to sell gold to a private buyer, one of the main challenges is finding a gold buyer in NYC that you can trust. To know that you are selling your gold to a trustworthy buyer make sure that he or she:
Once you have found a reputable gold buyer – you will find that selling gold is easier and safer than a pawn shop or online. And, other advantages include getting paid the market value instantly. So, you receive a free appraisal, market value in cash all under thirty minutes.
-Time efficient: The entire process takes thirty minutes.
-Free appraisal: A certified gemologist will test the purity of your gold on a professionally calibrated scale.
-Market value: Most appraisers offer 99% of the current market value. So, you get paid in cash instantly.
A regular gold appraisal is a process where a certified jeweler or gemologist calculates a value for an unwanted piece of gold. The entire process usually takes about fifteen minutes per piece, as the appraiser tests it, weighs it, and then inspects it.
Gold Test: The test is usually done with hydrochloric acid. The appraiser will apply a small drop of the acid onto the gold and if there is no reaction, then the appraiser knows that it is made with real gold.
Weigh: Then, the appraiser will weigh it on a certified scale, and it is usually weighed in grams, troy ounces or pennyweight.
Inspect: Lastly, the appraiser will inspect the gold with a 10x magnifying glass to check for any inclusions or abrasions, as this will affect the overall value.
According to APMEX, there are over ten factors that contribute to the current value of gold. But, most importantly, it is the ever-changing economy. A gold buyer will consider the current economy along with other factors. Such as:
1. The weight of the gold
2. The gold's purity
3. The current economy
And, if your gold jewelry also has diamonds, the gold buyer will appraise the diamond separately.
Hallmarks are identifying marks carved into the piece by the manufacturer or an assay office. An assay office is an institution that stamps hallmarks onto gold to authenticate the purity of gold. It was set in place to protect the consumer. Therefore, with a hallmark, an appraiser will be able to easily identify the karat purity, country of origin and the date the gold was hallmarked.
There are several non-invasive ways to Test Your Gold at Home. Such as:
Before you sell your gold, remember these tips:
1. Find a reputable gold buyer.
2. Know an estimated value of your gold.
3. Be sure the gold is tested in store - in front of you.
With this in mind, you can sell gold safely and confidently.
Here at Luriya our trained gold professionals can help you sell gold without worry or discomfort. Knowing whether the jeweler's stamp on your gold is authentic can be the difference between you getting cash for gold or not. At any of Luriya's several locations, you'll be able to see our certified jewelers test your gold – in front of you, not in a backroom somewhere – to arm with you all the relevant information you need about your gold jewelry. When it comes to selling gold, education is the key to receiving an incredible cash payout, and our friendly staff is committed to making sure you receive your due.
Whether you have gold jewelry, gold coins, or even just scrap gold, you can come on in to Luriya where we buy gold from you with integrity, honesty and commitment: providing you with a great experience selling gold is our mission, and our gold experts will analyze the authenticity and worth of your gold with full transparency. Do you have a jeweler's stamp on your gold? Our professional jewelers can tell you all about it. Feel free to stop by so we can help you sell gold with confidence!
Are you looking to sell your gold to a trusted and reliable source? Here at Luriya, we have the perfect setup for selling gold without a hassle. We employ top-notch jewelry analysts to assess the worth of your gold right in front of you for full disclosure; when they're done, you can rest assured that you're getting a fair offer and will receive cash for gold when you decide to sell. Our friendly experts walk you through each piece of relevant information for your gold jewelry, so you can sell gold successfully with a smile on your face and cash in your pocket. Out of all the gold buyers in the diamond district, Luriya stands out for its quality.
It's of the utmost importance that you find reliable gold buyer in order to maximize your cash payout. Gold jewelry, gold coins, scrap gold and more are going for very high prices in the current economy and there are many places where you can sell gold jewelry for less than a fair amount; but only a few where you can sell for more. Here at Luriya, we buy gold for what it's worth, which is the most that the market will support. There are many gold buyers out there, but we advise you to come sell gold for cash to us with confidence after our certified professionals authenticate your gold.
You may be thinking "Why should I sell my gold to Luriya? What makes Luriya so special that I should sell my gold to them?"
Many places advertise “we buy gold” loudly and brightly, but only few do it fairly. Be sure to check out your gold buyers thoroughly before selling to them.
1. Where do they test your gold? At Luriya, we do it right where you can see it.
2. Our scales are true-to-form and certified by New York State. They can even be tested in front of you for accuracy.
3. We didn't just spring up out of nowhere; Luriya is a 2nd generation business of family Jewelers who are community locals and are charitable.
4. Reputation comes before the sale for us; we never compromise our family business history and are highly-regarded in our community. Feel free to drop by and ask us anything at all!
Next time you ask "Who should I sell my gold to?" come sell with Luriya and get cash for gold in NYC
“My favorite part about Luriya is honestly the e-books. They’re so informative and helpful when deciding where to sell gold. From detailing how gold is measured, to explaining the differences in karats, they do a great job explaining the process to customers.”
“When you go to sell jewelry, Luriya has the best payout offers in NYC. The jewelers know their stuff, no matter what you’re trying to sell.”
“For anyone looking to sell diamonds, Luriya is the place to go. They pay well, instruct you about their prices, and let you take your time to make a decision on a deal. Will be back.”