Selling your gold jewelry can be a great way to earn the extra money you need to pay bills, want to go on a vacation, or hope to afford that special purchase you've been dreaming about. When you sell gold to a trustworthy gold buyer, the transaction can be quite simple and easy. Unfortunately, though, not every gold buyer can be trusted. To protect yourself when selling gold, here are a few tips to remember.

Know What Your Gold Is Worth

Determining the true value of your gold can be quite complicated. There are several aspects of selling gold that you need to keep in mind:

• Get it appraised and compare its market value to its melt value

• Do not expect to get paid the market price for pure gold

• Make sure that jewelry with differing karat values are weighed separately

• Keep up to date with daily gold prices

By having a solid understanding of the approximate value of your gold, it is less likely that you will be taken in by an unscrupulous gold buyer.

Research Buyers

One of the best ways to ensure you receive a reasonable price on your gold is to find a buyer that you can trust. Look for companies that have been in business for a number of years and have a solid reputation. Always check with the Better Business Bureau to make sure that the company has a satisfactory rating. Here are some other indications that the company you are dealing with is legitimate:

• Employees can explain exactly how they weigh the gold

• There is a written refund policy

• Can provide secure means of receiving the gold and sending payment

• The company has a physical address

Follow these guidelines to protect yourself when selling gold. A little time and research performed beforehand can be the best way to ensure a successful outcome when selling your gold jewelry. By so doing, you can relax knowing that you received a fair price on your gold and can more fully enjoy the profits from the sale. When it comes to buying and selling jewelry in Phoenix, Scottsdale, Mesa, Chandler, Tempe, Tucson, or anywhere in Arizona or the United States, Ralph Mueller & Associates is a name you can trust.