How to Find Reliable Gold Jewelry Buyers in NYC

Posted by articlelink01 on September 20th, 2014

Jewelry to some people could be their life savings. Others may think of their jewelry collection as a status symbol. Unfortunately, whatever value your jewelry has to you, it will mean very little when you try to sell it.  In order to get the highest price for jewelry, especially in New York City, you will need to find reliable jewelry buyers. Doing so could be a bit tricky as most businesses in NYC are buying for metal value rather than for designer value or uniqueness.

Know the value of your jewelry

Your first step in finding a reliable jewelry buyer is to know exactly how much your jewelry is worth. To do this, you’ll need to visit a few pawnbrokers or a gold buyer that bears a secondhand dealer license. In New York, businesses that are permitted to purchase secondhand jewelry need to obtain licenses.

There are hundreds of licensed secondhand dealers in New York; however, not all of them purchase jewelry. You will need to find some that are near your area and visit as many as you can.

You’ll likely notice that the offer for your jewelry will differ from dealer to dealer. That’s normal since there are those who would like to make larger profits. There are also gold buyers NYC who stick to the market rates as much as they can and they will offer you better rates.

How to recognize reliable jewelry buyers NYC

You will need to be aware of the current market price of gold, if you’re going to be selling gold jewelry. The price of gold will depend on its purity, also known as “karats”. Pure gold is 24K and ones that are mixed with lesser metals go down in number, 22K or 18K or even less.

The market price of gold isn’t fixed. It fluctuates often on a daily basis, but it is still important to what the current price is so you have a good idea of whether or not the price you’re quoted is reasonable. Gold buyers NYC will be aware of what the current market prices are, so you might also want to ask them, if only to see if they are truthful.

The Department of Consumer Affairs (DCA) licenses all jewelry buyers NYC. The DCA also certifies that their weighing scales are calibrated to the standards and marks them with a seal. You can ask to see the DCA seal on the weighing scale the dealer is going to use.

You should also know that licensed gold buyers NYC are required to ask for proof of identification from their sellers. You will need to bring an identification card or driver’s license when trying to sell your jewelry. If you aren’t required to present one, then there is a chance you’re not dealing with a licensed buyer.

If you want to be sure that you’re going to receive a fair price for your jewelry, then make sure that you only deal with licensed jewelry buyers NYC. If not, then you risk not getting an honest price or even worse.

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NYC Jewelry Buyers is one of the most trusted and reputable gold buyers NYC - http://nycjewelrybuyers.com/sell-gold-ny . They have been in the jewelry buying business for over 50 years. This company buys all types of jewelry, gold, diamonds, and other precious stones and metals. If you’re looking for Jewelry Buyers NYC to cash-in on your investment, then NYC Jewelry Buyers is your best choice.