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Sell Gold in NYC

Sell Gold In NYC

Selling Gold - Can I Sell Gold Near Me?

 

Gold is a valuable commodity to invest in. During financial crises, such as when the stock market is in an extreme downfall, investors often turn to gold to place their money. As such, gold and other precious metals typically experience a drastic increase in value during these times. If you invested in gold, inherited gold or came across it in another manner and are looking to cash in, here is all you need to know about selling gold in New York City - right near you.

 

Selling Gold NYC

When is the Right Time to Sell My Gold? 

 

The gold market is in constant flux. Knowing when the market might peak or drop is nearly impossible, as it doesn't rely on business practices or world events. Realistically, the best time to sell gold is when the market downturns. However, the market itself is unpredictable, so the best time for selling your gold is unpredictable. While it is best to wait for a period of market loss, there is no telling when (or if) this may happen. There are no real historical trends for the value of gold (outside of it rising during the Great Depression and Great Recession), so keep that in mind. A down market could the best time to sell gold. Practically speaking, the best time to sell your gold may just be when you need the money. 

 

 

Best Place To Sell Gold NYC

Where Can I Sell Gold in NYC?

 

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. 

Sell My Gold NYC

But, What are the Safest Ways to Sell Gold For Cash? 

 

In our experience, selling gold to a private buyer is the safest, as they are equipped with certifications and specialize in buying gold. The safest way to sell gold is to call the gold buyer ahead of time to find out a recommended time. Go during daylight hours and don't make it obvious you're carrying gold. Generally avoid the mail-out services for anything more than basic jewelry. 

Cash For Gold NYC

How Do I Find a Reputable Gold Buyer? 

 

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: 

1. Search their ratings on BBB or Yelp

2. Be sure they have a good standing in the community 

3. Choose a company with years of experience buying, selling, and authenticating real gold. 

Where To Sell Gold For Cash in NYC

How is Gold Appraised? 

 

First, the gold buyer will determine the karat of the gold. Here is a brief overview of gold karats:

  • 14k - 14 karat gold is 58.3% pure
  • 18k - 18 karat gold is 75% pure
  • 22k - 22 karat gold is 91.6% pure
  • 24k - 24 karat gold is at least 99.99% pure

Then, the appraiser will test the gold using nitric acid. Finally, they will weigh the gold to identify the purity.  If you bring in gold bars, it will be measured by millesimal fineness, which is different from the Karat rating. From here, they will determine the price. Learn more on how gold buyers decide on a price for your gold jewelry.

Sell Gold Jewelry NYC

How Do Appraisers Determine the Value of Gold? 

 

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: 

1. The weight of the gold: An appraiser will weigh the gold in grams, troy ounces and penny weights. The weight and the karat will provide the overall purity of the gold. 

2. Current market price for gold. 

3. Current condition of the gold bar, coins, jewelry, etc. 

Gold Buyers New York

Can I Authenticate My Gold at Home? 

 

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: 

  • Magnet test: Place your gold next to a normal strength magnet. If it attracts, it is most likely counterfeit. 
  • Water Test: Gold is dense enough to sink. If it floats, it is probably just gold-plated. 
Gold Dealers NYC

What Are Gold Hallmarks? 

 

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. 

 

We Buy Gold NYC

Are There Facts to Know That Will Help Me Sell My Gold? 

 

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:

  • Pure gold is seen as too soft for jewelry, so most gold is either 18K or 14k.
  • The value of the US dollar used to be pegged to the value of gold. Some members of the US Congress even want to start this practice again! 
  • Selling gold is often about timing. While gold doesn't drastically shift in value from one day to the next, over an extended period of time you can see the value of gold move hundreds of dollars one way or another.

Keeping the above in mind, you'll not only increase your profit potential, but ensure you work with a respected and authenticated gold buyer. So before you go out and try to cash in on your gold investment, make sure to keep all of these tips in mind. 

Best Place to Sell Gold in NYC

Sell Gold in NYC Confidently

 

Luriya is the premier New York-based location for selling gold safely and securely. If you want to sell gold in NY with confidence, then Luriya is the company for you. With the many untrustworthy gold buyers in NYC that have sprung up to take advantage of the rising price of gold, you can rest assured that Luriya is the honest alternative. For where to sell gold, you can head to our NYC location and receive a free gold appraisal. Our certified gold experts can tell you right away what your gold is worth, so that if you want to sell gold in NY, any questions you may have about authenticity can be quickly laid to rest. Download our free guide, and learn more about selling gold.

Where Can i Sell Gold in NYC

Selling Gold in NYC

 

If you are either local to New York, national or even global, and looking for where to sell gold, Luriya is a one-stop shop that prides itself on integrity and service. We appraise your gold for free, to ensure you get cash for gold in NY – it doesn't matter if it's broken gold jewelry, or gold coins. Our certified professionals will test your gold right there where you can see it, on NYS-inspected scales. Before you go selling gold in New York, make sure you have all the information necessary about its worth, so that you can get cash for gold in NY quickly and easily.

Where to Sell Gold in NYC

Where to Sell Gold in NY

 

As one of the fairest gold buyers in NYC, we at Luriya have both the experience and expertise to help you authenticate your gold jewelry so that you can sell gold in New York. Whatever the state. karat, or purity of your gold jewelry, gold coins, or anything else with gold, we can give you our professional assessment of their full value. One of the only things more valuable than gold is education and information, and Luriya will happily provide both so you can be confident selling gold in NYC.

Buying Gold in NYC

Reliable Gold Buyers in NYC 

 

Knowing where to sell gold in NYC doesn't have to be a difficult decision. You should not have worry about the integrity of the gold buyer. Here at Luriya, our local, family-owned business employs only the best gemologists and jewelers to assess your gold jewelry for its true worth. By consensus, we are one of the best gold buyers in NYC and can get you enough cash for gold to beat any other offer. Stop by one of our friendly locations for a free analysis!

Sell Your Gold NYC

Sell Gold to a Trusted and Local Buyer at Luriya

 

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.

1. Don't have your gold jewelry tested in a backroom out of view. At Luriya, all tests stay in front of you.

2. Our certified scales have the full seal of the NYS, and are scientifically calibrated so you can sell gold in NYC for more cash.

3. Our strong reputation has been built up over generations; we strive hard to keep it that way. We're open to the community, and you can simply drop by if you have any questions for us!

Reputable Places to Sell Gold in NYC
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What Luriya’s customers are saying

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Maria Calensanes, San Antonio, TX
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.”
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Donald Stenman, Brooklyn, NY
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.”
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Jennifer Azules, San Diego, CA
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.