Gold retains its value long after you buy it. If you have gold coins or jewelry you no longer use and would like to make some money and get rid of some clutter, selling it is a great option. Here are a few things you should know before selling your gold.
Before working with Chicago coin buyers, make sure you understand the scales. You want to know that Troy ounces are what gold is usually measured with. Penny weights measure Troy ounces. Get familiar with these ideas first. Once you contact a few Chicago coin buyers, you can ask what system of weights they use. It is also beneficial to know karats as well.
Getting familiar with the types of gold available can also help you know when you are offered a fair price for your coins. You will usually find that gold is a metallic, bright color. However, it is available in various colors since different metals are added. For example, yellow gold has zinc and copper in it. White gold has zinc, nickel, and palladium. Purple or blue gold contains aluminum and gallium. Black gold contains chromium and cold. Rose gold is typically a pink color and looks romantic. It has this look because silver and copper have been added to it.
You must research prices as well. Designer and vintage items may be worth more than the gold in them. It is also beneficial to understand that retail and market prices are different.
Learn how Chicago Gold Gallery buys coins, jewelry, diamonds, and other collectibles and how they offer good customer service when you visit them.
