When people need money quickly, their first step is often to sell something they do not need. Over the last few years, those items have often been jewelry because of the high prices being offered for gold and silver. gold jewelry buyers in Chicago are known for being unpredictable, so here is what to know before you cash in your gold anywhere.
First, always be certain that any jewelry you take to a pawnshop or gold buyer is actually yours. These shops are very careful today about where the items they take in come from. Even though they pay cash on the spot for the items they purchase, you will still need to show identification and provide contact information as well.
Be aware of the value and only turn in the items that are broken or not of any worth to you. If you have jewelry that is antique or vintage or is from a respected designer, the completed piece may be worth more than the individual stones or metal may be. Always be cautious to not scrap out something that could have been resold for multiple times more.
Regret is common when people turn in jewelry during a rough financial time. Many gold jewelry buyers in Chicago understand this and will hold onto jewelry for a day or two in case their clients have a change of heart. Keep in mind that you may need to pay a fee to cover the paperwork and time they have invested. This option is not available at every shop, so always ask prior to completing your transaction.
Gold and silver prices often change daily, so the value you were assessed a month before at one shop could be vastly different today. If you are going to compare offers from one shop to another, always gather your offers in a single day.
Another option is to find a reliable buyer like Chicago Gold Gallery and work with them exclusively to develop a good relationship. This type of buyer is able to not just provide valuable information about metal and stone values to sellers, but can also help buyers to find great deals on jewelry they would like to purchase as well.
