BBB TIPS FOR SELLING GOLD, ONLINE OR IN PERSON
Have you thought about making a few extra dollars by selling some of your gold jewelry? I will tell you that the TV commercials that I have seen where you send in your gold jewelry by mail have made me a little suspicious. But whether you do it through a gold-party (in-home party usually held with a group of friends), over the Internet, or through a local jeweler, here are some things you should consider.
Your jewelry may be stamped “14-Karat,” but that does not mean it is gold. Some necklaces can have catches stamped as such, but the number alone means little.
For an appraisal, if possible, go to someone locally whom you know and trust by checking with the Houston Better Business Bureau (BBB), www.bbbhouston.org. Look to see if others have reported issues with a particular jeweler or jewelry store. The BBB suggests obtaining two or three appraisals to compare prices, prior to any sale.
Check out any online companies with the BBB too, and use a search engine to see what other consumers are saying about their experiences with the companies.
If gold is worth $930 per ounce, you aren't going to be paid $930 for every ounce of gold you have.
Don't let anyone steal your diamonds from gold pieces. Single gold stud earrings might be worth $5 or $10, yet diamonds in the earrings can be saved. Some are too small, and the labor to remove them might exceed their value, but engagement ring diamonds, for example, should be given a value separate from the gold.
Gold pieces with less color, or fewer stones, are worth more because a jeweler must break the stones out before the item goes to the refinery.
Make sure your items are insured when being shipped, so if they are lost you can recover the value.
Ask about the company’s guarantee if you are not satisfied with the price offered.
Internet Marketing Manager
The Better Business Bureau of Greater Houston and South Texas