Monday, November 5, 2012

St Louis Gold Buyers - What Several Articles Are Ignorant About

By Carl Sagal


How ya doing? These days gold and silver are all over the headlines seeing as both of them are at, or around, all time highs. Most people are seizing the good fortune to trade in their items for extra money. There are lots of places where you can trade in your items but who do you go to if you don't want to get ripped off? Which choices of stores are the trusted purchaser of unused jewelry in St Louis Mo? Which shops are a quick, convenient and very discrete buyer of any item that has gold & silver in it?

The way it works is convenient. You can go to any shop that buys scrap jewelry or some gold buyers in St Louis will come to your location. When you meet up, the shop will do a series of quick measurements to get an idea of the percentage metal content of your pieces.

First, they will drag a small magnet on top of your pieces. Any items that are sucked to the magnet have no gold or silver content. Next the store will carry out a surface examination to find out if there are any marks on the item. Following the surface inspection the store will do an quick acid test to find out the metal content. Then the shop will place the items on a calibrated scale to find out its precise weight. Last off they will offer you a value for your item based upon the spot price of the precious metals for the day and the weight and metal content of the jewelry.

You must recognize that there are several options to sell your gold & silver in this day and age. What makes one shop different than the next guy? Pawn Shops will likely pay you fifteen to thirty-five percent of the total scrap value for your jewelry. The many prevalent cash for gold shops which have opened up in recent times will offer in a range between forty to seventy percent of the total melt amount for your piece. You too have the alternative to mail your items in to a refiner, these places will most likely offer in the neighborhood of 15-55% of full melt value for your pieces and have collected recent terrifying headlines in the paper with reference to cheating their customers.

Local Jewelers most likely make an offer of anywhere from 65-105% of full melt value for your items. Because they sell gold & silver jewelry in the store, most of the time they will not be melting your jewelry but make it shine and resell it for its artistic qualities, not simply melt amount. That is the reason why these types of shops are able to afford to pay you more.

Be certain you get together the complete information prior to cashing in your piece. Come to any store or you can get them on the phone and most likely receive a free assessment of your piece worth. You can get cash in your wallet in sixty minutes. Look for quick and secure business dealings, shops that give you a honest price for your item from the start without each and every one the sleazy bargaining tactics.




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