Selling Gold in Pitt Meadows? 7 Mistakes to Avoid Before You Sell
If you’ve been clearing out drawers or sorting through a relative’s jewellery box, you may have gold or silver you no longer wear. Selling it can be a good way to turn unused items into cash, but only if you go about it the right way. Here are seven common mistakes Pitt Meadows sellers make, and how to avoid them. 1. Selling Without Knowing What You Have Before you take anything anywhere, check the stamps. Gold is marked with karat values such as 10K, 14K, 18K, or 24K, and silver is often stamped 925 or “sterling.” These marks tell you a lot about what your item is worth. They are usually found on the inside of a ring band or near the clasp of a chain. 2. Skipping the Scale A basic kitchen or jewellery scale can give you a rough weight for each piece. Value is based largely on the weight of the metal, so knowing the number in advance helps you judge whether an offer makes sense. 3. Ignoring the Current Market Price Gold and silver prices change every day. A quick look at the current sp...