Today’s bullion seller has alternatives. Do you use a local jeweller or pawn shop, an internet buyer, or a local gold and silver exchange event? Professional purchasers analyse your things based on purity, weight, condition, and collectability, regardless of where or how you sell. Knowing how these factors affect an item’s value might help you sell gold and silver for fair market value or more.

Making Sure Your Gold and Silver Are Real

Marks and stamps verify purity and validity. Reputable jewellers stamp products with karat markers like 14K or .925 sterling. Under magnification, buyers check hallmarks for clarity, format, and manipulation. The weight, size, and workmanship of an item indicate its genuineness. Weights and sizes should match the item’s hallmarked purity, and buyers will record any wear or damage. Cheap soldering or rough finishing may reveal forgeries, whereas high-quality, handcrafted objects indicate authenticity.

Appraisals, receipts, and authenticity certifications provide credibility. While not always available, certified paperwork from a recognized jeweller verifies an item’s value and provenance. Timeline photos or records can also prove validity.

Understand Karats and Precious Metal Content

Pure gold and silver are measured in karats (K) or percentages. The purity of 24K gold is 99.9% and sterling silver is 92.5%. Lower karats have strengthening alloys. For resale and melting, gold purchasers prefer 18K-24K. Buyers want pure 90-92.5% silver.

The value increases with purity. Buyers check purity via hallmarks, stamps, testing, and weighing. Acid testing kits and electronic testers confirm purity, while hallmarks show karat. Weighing goods provides purity and pricing information.

Assessing Damage

Buyers inspect gold and silver for damage. Gold and silver artefacts’ value and resale depend on wear, scratches, dents, and tarnish. Tarnish can be removed. Buyers gauge polishing.

Other Considerations

• Well-designed repurchase schemes enhance gold and silver sales.
• Customer service like Expert advice, responsive, and happy vendors attract buyers.
• Seek secure storage options for large volumes of precious metals to safeguard investments.
• Buyers can inquire about vendor payment methods. Pay via bank transfers, credit cards, or cash. Payment options should work for both.

These items impact collector and investment sales. Verify gold and silver before accepting a deal. Gold and silver purchasers need financial advice. Smart buying demands market knowledge.