There are excellent locations to sell gold throughout NYC. After reading a company's reviews, it's recommended to shop around for the best price. Most reputable jewelry dealers in the city will buy gold and diamonds. Other places you can sell gold would be:
Auction: Buyers at auctions will buy gold for market value, however, this is the most time consuming option.
Private Gold Buyer: Once you have found a reputable gold buyer, you will receive a free appraisal and cash.Pawn Shop: Pawn shops are always quick, but you might not get the best offer.
The best way to find a reputable gold buyer is to check credentials. The buyer should be licensed by the state of New York to buy gold. When you bring the gold in, they are required by law to ask for government identification. If they don't have a license and they don't request to see yours, start looking for another buyer. Keep this in mind:
First, the gold buyer will determine the karat of the gold. Here is a brief overview of gold karats:
According to AMPEX, there are several factors that contribute to the ever-changing prices of gold. However, an appraiser will focus on three specific factors when calculating a price when buying gold. They are:
You can authenticate your gold at home through a few non-invasive tests. It is usually a good idea to authenticate your own gold before getting it professionally appraised so you can provide the appraiser with more information. The gold tests include:
Hallmarks are identifying marks that can provide an appraiser with useful information about the gold. Real gold is sent to an assay office where it is stamped with a hallmark. This was put in place to protect the consumer by proving the authenticity and that the customer bought it. Gold jewelry will generally have a stamp from the designer. An appraiser will use a magnifying glass to identify the hallmark. Based off the hallmark, he or she will know whether the gold is authentic and when and where it was made.
There are plenty of interesting facts about gold. Here are a few you may consider when looking for the best place to sell gold jewelry:
There are many “buy gold NYC” signs out there, but make sure you go to a trusted source with local history. Luriya is among the most trusted gold buyers NYC has to offer.
“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.”