Thursday, October 17, 2013

Getting Paid When Selling Gold; Avoiding Scams

The diamond district in the Manhattan borough of NYC is hustling and bustling with one of the largest gold and diamond exchanges on planet earth.  Buying and selling of gold and precious metals is at an all time high nationwide. With every positive has to come a negative and the negative in this market is the scammers trying infiltrate the market and scam people who are buying and selling the gold.
selling gold
Sighns to look out for:

Anyone gold company or trader that does not give you money up front is problematic. They may give you fancy documents stating a legnthy money transfer period but don't buy into it because it can easily be a scam. Watch out for Western Union scams as well. You should also beware of Paypal payments made from "unverified" or "unconfirmed" Paypal accounts. This type of Paypal payment is not guaranteed. Only Paypal payments with a green colored confirmed address icon with a verified symbol will allow you to release your god to the buyer immediately. Otherwise you have to wait atleast 2 weeks to make sure the payment does not bounce. This is vital today as so many people, especially online gold buyers are using Paypal.

You must also do a great deal of research before giving out any personal information. Never share your credit card number with any company you have not done serious research on, Many gold buying or selling companies are fly by operations that may be trying to excract your card of all it's funds. Finally, never give out your Social Security number to anyone for any reason as there is no reason any precious metal buying and selling should require giving a Social Security number.
Also Read: Turning gold into cash in Manhattan: Great selling tips - See more at: http://blog.luriya.com/blog/bid/318574/Selling-Gold-Online-The-phenomenon-is-here#sthash.ztC62K4V.dpuf

Make sure you know roughly what your gold is worth. You can purchase a gold testing kit and do the assesmant yourself. This way if some gold or jewelry dealer offer you an exhorbitant sum of cash for your gold, you can rest assure it is a scam. Also look out for any company that is not willing to share it's past clients or company backround information with you. In conclusion, the NYC gold & Diamond district and the cash for gold industry is known to have a lot of scammers in store fronts nationwide and online, so beware of all these aspects before embarking in the procurement or selling of precious gold and metals. From NYC to LA keep your eyes opened and be vigilant.
The Luriya Sell Gold Manhattan team is proud to offer Manhattan with a cash for gold highest payout guarantee. We invite you to read our cash for gold selling guide.
- See more at: http://blog.luriya.com/blog/bid/318857/Getting-Paid-When-Selling-Gold-Avoiding-Scams#sthash.o8zEmSeU.dpuf

Tuesday, October 15, 2013

Selling Gold To The Right Store At the Right Price

The selling gold market has became quite intricate over the last few years. The problem is two fold. Number one is that in areas like NYC, sell gold shops are springing up on every street corner. I am personally from the Big Apple but I would imagine that in other heavily populated areas like Miami, Florida or Los Angeles, California the same phenomenon is under way. The second issue is that the average consumer who has gold lying around his house knows very little about selling gold and what his actual gold is worth.
selling gold
Solutions to the rise in Gold Shops:

Logically, a consumer has a few defense mechanisms when it comes to protecing him self and finding the right cash for gold shop in his city. When I was selling my gold in NYC I made sure to get as many references as I could from friends. I also went online and searched for "sell gold NYC" on Google. I read about the top gold buyers and cash for gold centers in my downtown neighborhood of Manhattan. I compiled a list of the highly rated companies who had the most legitimate website. I beleive this is the first step to selling your jewelry or gold. Finding a trusted and reliable shop is crucial because you never know what can go wrong from the start to finish of the gold selling process.
Solution to a lack of knowledge:

Let's face it, when the average person wants to sell their gold they really don't know how much the gold is worth, or sometimes they do not even how many karots is in their favorite gold piece is. Believe it or not, many people who are trying to sell their gold or jewlery do not even know what a Karot is. So a Karot is a measurment or unit of purity for gold alloys. This will be important when selling your gold. However, the purity of your gold or jewelry will not be the only factor you need to look out for. Make sure that you really shop around and assess the "collectors" value of your gold. Perhaps the brand or style of your gold is antique or very rare. Perhaps the look and feel to it is very special and it has extra value beyond the pure gold it contains. So be weary of gold buyers trying to pay only for the value of the pure gold and shop around and do your homework.
The Buzz is in the air when you walk through the NYC diamond district. Luriya is providing gold sellers with valuable information that is saving them thousands. Read the Luriya Sell Gold Guide now and visit Luriya today for more information.
- See more at: http://blog.luriya.com/blog/bid/318569/Selling-Gold-To-The-Right-Store-At-the-Right-Price#sthash.q0ycGdcS.dpuf

Tuesday, June 25, 2013

Things to know about selling your gold

Remember: when you sell gold, you are being paid the scrap value of your piece and not the market price. Plenty of people are disheartened by their initial offers as the jeweler’s appraisal they got suggested a much higher price. Another thing to remember is that the purity of gold can vary per piece.  With that in mind, here are three more ways you can sell gold in Manhattan.

Pawnshops:

Very easy to find and lots of people in Manhattan choose to sell gold in these kinds of shops.
Pros: They usually offer to buy your piece on the spot. You also have the option of getting your piece back should you suffer from seller’s remorse; be prepared to pay more than you got though.
Cons: Prices can vary depending on the pawnshop but they generally have the lowest offers compared to other methods. They’re only good if you’re in a rush but it is advised to sell gold elsewhere.
Pawnshops are quick and convenient but if you aren’t in any particular rush, you could probably get a better price when you sell gold elsewhere.
Hotel Gold Buyers:

Another common way to sell gold, you usually see plenty of ads like this in Manhattan.
Pros: They are easy to find and you can sell gold as well as other valuable things to them.
Cons: They don’t usually stay in one place for very long so they have a tendency to pressure you to sell gold to them. Their high overheads also mean that you can expect around 40% to 60% of your gold piece.
When you sell gold to these types, it would be best to have it appraised by another jeweler so that you or to get a different offer so you have a point of comparison.
Gold Parties:

A twist on the concept of a Tupperware party -- you sell gold with other people in Manhattan instead of buying Tupperware.
Pros: It’s definitely the most fun way to sell gold in Manhattan. You have fun with friends and you go home with more money.
Cons: How much you get depends on who the host is. Gold party hosts sometimes have a reputable jeweler but they usually buy a gold appraisal kit – Not all gold party hosts will get a fair estimate.
While gold parties are fun, it isn’t the ideal place to sell gold to in Manhattan; unless of course you trust the host of the gold party.


Finding Jewelry Buyers in NYC Safely

Depending on your jewelry and your situation, it could be either very easy or tearfully difficult to part with your jewelry.  Whatever your reasons, once you’ve made up your mind, there are always precautions to take when looking for jewelry buyers in the NYC area.

The most important thing is your personal safety. Finding jewelry buyers around NYC requires having to deal with plenty of strangers. First of all, never meet with any interested buyer within your own house. This is for your own protection. Choose public locations to ensure your personal safety. A good location to meet interested jewelry buyers would be their bank. The security of the bank will keep things safe and if they so choose, they could take out some cash right there and buy your piece on the spot.

You should also get into the practice of taking a friend with you when meeting with interested jewelry buyers. Barring that, you could simply alert somebody of your whereabouts during your meeting. When leaving ads for jewelry buyers in the local NYC newspapers, set up a new email as your contact details for the sole purpose of selling your jewelry; this is to ensure no personal details can be traced back to you. Fraud should always be a concern when dealing with strangers. Do not give out anything that can be used to find out more details about you, such as phone numbers, Facebook accounts, etc.

If you do find yourself having to meet with one of your interested jewelry buyers, be on the lookout for people­ loitering around the area just watching. A common tactic to lure sellers used by fake jewelry buyers is giving out a very good offer but refusing to meet in locations of your choosing.  Con-artists often work in groups. When dealing with one, be sure to keep a constant eye on your jewelry, switching jewelry is one of the oldest tricks yet that still fools most unsuspecting people. Should you ever feel nervous or suspicious of any jewelry buyers, cancel your meeting with them. Always be diligent and keep alert.

Following these tips should ensure your safety and should lead you to good jewelry buyers without incident. It may take some time but getting the best price for your jewelry should make it all worthwhile.  Remember to stay patient and the right kind of jewelry buyers around NYC will eventually come to you.