There are times where people have gold coins or gold jewelry that they wish to sell. Fortunately, there are a number of different avenues a person can explore when it comes to getting cash for gold Wheaton. However, while there are a number of things to consider when trying to get the best cash value for the gold items that are being sold, there are some very specific things that can help a person get a fair price for the gold that they’re selling. These things can also prevent a person from being taken advantage of.
When a person is looking to sell gold at a place like RJ Jewelry & Loan Company, they will be pleased to know that the scales used to weigh the gold are regularly calibrated and verified by the Department of weights and measurements. This means that the scales are always accurate.
When a person decides to sell their gold in places that aren’t pawn shops or jewelry stores, the accuracy of the scales can be a bit suspect. Looking for verification of the accuracy of the scale is the best way to avoid problems. If a person can’t find a gold buyer that will verify the accuracy of their measurement devices, it might be best to move on.
Secondly, and perhaps most importantly, is to understand how the gold is weighed. A standard ounce contains 28 grams. However, gold is weighed in Troy ounces, not standard ounces. A Troy ounce contains 31.1 grams instead. More unscrupulous buyers will weigh the gold in Troy ounces but only pay for a standard 28-gram ounce, giving them more gold without paying any extra.
Another possibility is that a gold buyer could potentially weigh the gold in what is called a pennyweight. A pennyweight is 1.555 grams. Once again, much like standard or Troy ounces, less reputable buyers will weigh gold items in pennyweight’s but only pay per gram. This means 50% more gold for the buyer.
The reality is that there are a number of things to consider when looking for cash for gold Wheaton. However, verifying the devices that are used to weigh the gold, and knowing exactly what measurements are being used, will help you to get the most money for the gold you’re looking to sell.
