There are many options you can take when you’re selling gold Melbourne. You can sell it to a cash for gold store or a pawn shop, and you can even use a diamond broker. But which route you should choose? What’s important is that you make an educated decision about your options.
Cash for gold stores
When you are looking to sell your gold, there are several options available. You can take your item to a pawn shop, visit a local jewelry store, or send your item to an online gold buyer. These options will allow you to get the best price for your items. But before you choose a seller, you’ll need to determine what the value of your jewelry is.
First, you need to know how much gold your items contain. There are calculators on some websites that will give you a rough estimate. Usually, a greater amount of gold results in a better rate. The weight of the items will also affect the value. If you have a heavier item, you’ll have more room to negotiate.
Generally, pawn shops will only pay for the pure gold content in your jewelry. However, some local jewelers will buy broken gold, as well.
Pawn shops
Selling gold or silver bullion can be an easy way to get quick cash. But how do you know if you’re getting the best deal? You need to shop around. You’ll want to compare commissions and shop for the cheapest price. You’ll also need to verify that the company has the proper licensing.
Pawnbrokers are regulated by the Equal Credit Opportunity Act and the Truth in Lending Act. They are allowed to lend money on various items, including jewelry and firearms. The amount of your loan will be determined by the value of the item. Most pawn shops are open to the public, and you can find one close to you. Some pawn shops are even open on weekends. This makes them a convenient option for urgent cash needs.
Diamond Brokers
A pawn shop isn’t the first place that pops into one’s head when contemplating how to sell your old gold jewellery. Luckily, there are more sophisticated alternatives out there to handle the task for you. As a matter of fact, there are some notable names to consider. Specifically, here are a few reasons to consider a diamond broker.
Gold and diamond mining is a dirty sport so the best course of action is to dispose of your old trinkets in a responsible fashion. To keep the environment clean, it makes sense to turn to a reputable company that buys, sells and recycles old gold and diamonds. The ensuing process will have you raking in the cash in no time at all. In addition to buying and selling the metal, these businesses also provide a variety of services to meet your needs.
Guardian bullion storage facilities
Gold Stackers is a Melbourne-based bullion dealer that offers a range of gold storage options. They offer allocated and serialised gold storage, as well gold buyers Perth as insurance. The company has a secure Head Office facility in Queensland and a showroom in Melbourne. Clients are given regular transaction reports and annual valuations.
Gold Bullion Australia Treasury Reserve provides direct transfers of funds between facilities and facilitates vaulting services. It also allows clients to view Metal Account Statements online.
You can also choose to store your gold with a local bank. But you will need to check to see if you are covered. Some banks have limited access to their gold storage services, while others require a relationship with a bullion dealer.
Gold Stackers
If you are looking to sell your gold for cash, there are plenty of places to go. For starters, you can always visit your local pawn shop, but this may not be the best way to get your hard earned dollar.
A better option is to find a gold buyer who pays top dollar for your old jewelry. These firms have a network of locations in and around Melbourne, meaning you can drop off your gold items and be on your way. However, if you are looking for an extra special treatment, head out to one of their flagship stores, where you can find a personal shopper to handle your gold.
Lastly
The best part is that you can actually get paid for your gold in cash. This allows you to get some of the best prices in the city. Another option is to store your gold in a safety deposit box. However, these facilities have an added cost. For instance, you will need to pay extra for insurance. This is based on the size of the box you rent.
