Hong Kong: still the cheapest place to buy gold coins
5 stars based on
Selling gold never has been easier--or riskier. Never have there been so many choices on where and how to sell. In Texas, you can pick up a nice steak for dinner and unload your tiara at the same time: Gold and Silver Buyers, the state's biggest buyer of precious metals, has its stores conveniently gold trade prices dubai vs usa inside or alongside supermarkets.
Since May, eBay has been offering a new feature on its site--a Bullion Center. Spokesperson Johnna Hoff says it was created "to be a one-stop destination" consolidating trade in all types of bullion--gold and silver coins and bars, primarily. The terms and conditions that apply to the sale of a gold bar are no more onerous those that apply to somebody who sells a toaster, a football jersey, or anything else on eBay: Small, casual sellers non-professionals pay eBay 9 percent of the price for which their bullion sells, when and if it does.
There's no charge gold trade prices dubai vs usa listing. Small sellers, says Hoff, accounted for about gold trade prices dubai vs usa of bullion sold last week on eBay. Whether you sell your gold online, at a local jeweler or through a pawn shop, it's possible, if you're not careful, to wind up with less than its full value.
To avoid getting taken, keep these 7 gold trade prices dubai vs usa in mind:. No matter how or where you ultimately chose to sell, start locally. Take your gold to a reputable local jeweler or pawn shop and ask them to estimate its value. That way, you'll have at least have a base price in hand before you solicit online bids or other offers.
You don't need to worry that you're abusing the good nature of your local businesses, says Dave Crume, past president of the National Pawnbrokers Association and vice president of Wichita, Kansas, pawnbroker A-OK Enterprises. They're in business to give estimates, and they'll give them for free. Crume cautions sellers about doing business with transient gold dealers whom he calls "rogue" buyers also known as "hotel" or "pop-up" buyers. They blow into town, run ads promising high prices, and set up shop, say, in a hotel ballroom.
After vacuuming up a city's worth of jewelry and coins, they disappear, sometimes leaving their victims un- or underpaid. Before you sell gold--whether to a hotel buyer or to anybody else--check with the Better Business Bureau to see if there are complaints against the buyer. Among the new places to sell your gold are Tupperware-like "gold parties" like those organized by Premier Gold Parties, where a group of friends or neighbors meet to socialize and sell their gold in a home setting.
Too many hands in the pot: At some parties, all jewelry is weighed together, regardless of its karat value, and sellers are paid according to the lowest karat value. Don't accept those terms. Separate your jewelry in advance, by karat, and make sure you are paid more for higher-karat items.
Keep an Eye on the Scale. While the accuracy of scales used by jewelers and pawnshops is verified periodically by the department of weights and measures, the same may not be true for scales used by hotel or house party buyers. The Better Business Bureau advises sellers to pay close attention to how their gold is being weighed: Jewelers value gold not gold trade prices dubai vs usa the ordinary ounce 28 grams but by the Troy While some buyers pay according to the gram, others use a system called pennyweight: A pennyweight is equivalent to 1.
A seller needs to make sure he's not being weighed by pennyweight and paid by the gram, since that would allow the buyer to get more gold for less money. Read the Fine Print. Sell Gold HQ, a website that reviews and compares online gold buyers, advises sellers to compare terms and conditions carefully. For example, some websites offer free shipping to send in gold, but very high shipping rates gold trade prices dubai vs usa the consumer declines the offer and asks for he gold to be returned.
Many offer only limited liability. Ask a potential buyer to show you his credentials: If he's legitimate, he'll be licensed by the state to buy gold.
He will also be required by law to ask you, the seller, to produce a driver's license, passport or some other form of government-issued identification. That requirement exists to frustrate money laundering and the sale of stolen property. If your buyer does not ask to see your ID, take your business elsewhere. Is It Scrap--or History?
Before you sell a gold item to be melted down for scrap, make sure it's not worth more in its present form.
Brian Witherell, operations manager of Sacramento, Calif. A seller brought him an antique item—a small gold watch fob made in the shape of a railroad spike. Upon inspection, the fob turned out to have been fashioned out of gold left over from making the famous full-sized golden spike used in to commemorate completion of the transcontinental railroad.
Americans Rush to Cash In. To gold trade prices dubai vs usa getting taken, keep these 7 points in mind: Time to Pawn Your Teeth. Federal authorities seize Backpage. Teens given suspended sentence over man killed by sandbag dropped from overpass.
Dow dives more than points on fears of trade war. National Guard Troops begin deploying to border security mission. Parkland shooting victim criticizes sheriff, school after release from hospital. Facebook announces new disclosure rules for political issue ads.
NYPD encounter that led to shooting lasted 'no more than 10 seconds': Winter weather, unseasonable cold continue across much of the country. Trump to skip annual White House correspondents' dinner. What happens when Trump really lets Trump be Trump? Critics perplexed by DeVos' 'listening sessions' on school discipline.
Trump says he didn't know about Stormy Daniels payment. Bernie Sanders struggles with new path to black voters. GOP governors respond to Trump's call to send Guard to border. Town joins Trump administration suit against California sanctuary law. Pentagon has few details about Guard deployment to border.
Pruitt's EPA should not have paid for busted condo door, congresswoman says. Workers benefit as US businesses struggle to fill jobs. Driver may gold trade prices dubai vs usa intentionally crashed car into Miami police substation: Winter weather continues for Midwest, Northeast as West Coast braces for mudslides.
At least 8 Palestinians dead in 2nd major gold trade prices dubai vs usa protest gold trade prices dubai vs usa Gaza fence. Rain shuts Yosemite, threatens problems at tallest US dam. Suspect who allegedly stole guns from parents arrested after daylong manhunt.
Man allegedly detonates 2 explosive devices at Sam's Club: Activist turns potholes into flower pots to protest damaged roads.
Lorde apologizes for 'poorly chosen' Whitney Houston bathtub Instagram post. Pruitt's landlord for condo wasn't allowed to rent out room: Top Pruitt aide resigns amid growing scandal at EPA. American gold trade prices dubai vs usa student who died in Mexico was electrocuted: Football star thanks Instagram user who helped thwart school shooting plot.
Eagle lands on baseball player during national anthem. Brie Larson mourns death of pilot who consulted on 'Captain Marvel'. Kittens audition for job with police. Facebook says it should have audited Cambridge Analytica. YouTube shooter's family thought she could 'never hurt one ant'. Ayesha Curry opens up about difficult pregnancy with ' 5 hospital stays'. Comedian releases novel inspired by his Irish roots. Female high school quarterback throws TD on 1st pass in varsity game.