We, Halach Gold Inc, operate two websites, these are; www.bestpay4gold.com and www.mygoldgram.com .
The Bestpay4gold is designed to serve customers who are looking to cash their gold jewelry whereas Mygoldgram.com delivers I.A.R. certified GOLDGRAM™ bars to customers directly.
Our professional team is fully trained to meet our customers’ needs. At Halach Inc we value our clients and their business. We understand that buying and selling gold is a sensitive procedure and needs our full attention to make sure customers receive true value in both transactions.
The following information and list of Q&A s are gathered from our experiences in recent months as well as your questions.
Q&A – Selling Used Gold
Many of us have collected a variety of gold jewelry over the years, some of which we no longer wear. Before joining the growing number of people who are taking advantage of rising gold prices to turn their jewelry into cash, you may want to know whom to trust, what criteria to pay attention to, and find out the current market circumstances.
After evaluating your financials you may decide now seems like a good time to join the gold rush. Like any business venture, it is prudent to educate yourself about the nuances of turning gold into cash.
1. Who buys gold jewelry?
2. Who buys gold coins?
3. How can I know if the company is legitimate and has a good customer service?
4. What determines the actual value of my jewelry?
5. How would I know if I was getting a fair price?
6. Which pieces would be most worth selling?
1. Who buys gold jewelry for its meltdown value?
Finding a jewelry store or dealer even a refiner to sell your gold is not difficult; especially nowadays there is no shortage of companies advertising their services all over the media.
But just like in any business transaction, selling requires some shopping around. We recommend making a list of three to five buyers, including your long time jewelry store. If you have time take your items to every one of them and make a comparison among the offers before selling it. For online service companies make sure you call and ask for the list of the prices based on the karat value such as 22k, 18k, 14k, and 10k. If they are not disclosing their listed prices over the phone and expect you to send your valuables without an approximate offer, do not send it. In other words would you sell your car or house without knowing how much it is actually worth?
2. Who buys gold coin?
You need someone who deals precisely in gold coins, a full-time gold coin broker. First find out the actual worth of the gold coin. There are so many Gold Coin specialist and you do not want to be under paid especially when it comes to historical gold coins.
3. How can I know if the company is legitimate and has a good customer service?
Checking out the company with the Better Business Bureau and the city or state department of consumer affairs will only get you so far. A good indicator of a legitimate company is the quality of their customer service. Did they contact you right away? Did they give you estimation over the phone? Test the company, send one item and if you are satisfied with the price send more. Also Customer Testimonials are so important.
4. What determines the actual value of my jewelry?
Karat, weight of the jewelry and the Gold Price of the date you are cashing in are used to calculate the actual value of the item.
Karat; it is usually stamped on the jewelry, but is sometimes too tiny to see with the naked eye, and need a magnifying glass (loupe) to look at it. However if you show the same item to different dealers you can also test the reliability of the dealers. In US most jewelry is 14-karat, though some better pieces are made from 18 karat, and inexpensive jewelry is often 10 karats. So if the item you are holding is not 24k Jewelry the gold pieces are worth only a proportionate fraction of the 24-karat price. In other words, a 14-karat gold ring is valued at 58.5% and an 18k gold ring is valued at 75.0% of the 24-karat gold price.
Weight; when you are selling Gold is most often measured in penny weights, with 20pw equaling an ounce. If you have a sensitive kitchen scale you might check the weight but a legitimate dealer has a scale which is certified and periodically subject to random checks by the Consumer Affairs. Weight is another tool to check the reliability of the dealer.
The Gold Price; check the daily gold price online on major websites.
5. How would I know if I was getting a fair price?
If you deliver the gold to the dealer yourself you should expect to get at least 90% of the gold's value based on that day's price. If you have 5 ounce and more ask for 96% in return. Expect to receive slightly less for the convenience an online service provider, again call the website and get an estimate value. Would you sell your car without knowing how much it actually worth? We all know that a buyer deserves to make money but how much is fair? Do not settle until you are 100 percent sure that you found the right buyer.
Here is the example:
You have 70 penny weights or 3.1 ounces or 108.85gram of gold jewelry excluding ornamental items such as stone or glass pieces which have no value. The karat value is 14k (58.5%) and the selling gold rate is $900.00. The 70pw of 14k gold at market price would come to $1842with the 90% of the gold’s value based on the gold rate of $900 you should not settle for less than $1657.80 if you deliver the gold to the buyer’s doorstep.
6. Which pieces would be most worth selling?
This is an emotionally complex task. Before cashing out make sure you go through your items and separate the ones that are ok to be melted down.
©2009 – Halach Gold Inc -www.mygoldgram.com
The Bestpay4gold is designed to serve customers who are looking to cash their gold jewelry whereas Mygoldgram.com delivers I.A.R. certified GOLDGRAM™ bars to customers directly.
Our professional team is fully trained to meet our customers’ needs. At Halach Inc we value our clients and their business. We understand that buying and selling gold is a sensitive procedure and needs our full attention to make sure customers receive true value in both transactions.
The following information and list of Q&A s are gathered from our experiences in recent months as well as your questions.
Q&A – Selling Used Gold
Many of us have collected a variety of gold jewelry over the years, some of which we no longer wear. Before joining the growing number of people who are taking advantage of rising gold prices to turn their jewelry into cash, you may want to know whom to trust, what criteria to pay attention to, and find out the current market circumstances.
After evaluating your financials you may decide now seems like a good time to join the gold rush. Like any business venture, it is prudent to educate yourself about the nuances of turning gold into cash.
1. Who buys gold jewelry?
2. Who buys gold coins?
3. How can I know if the company is legitimate and has a good customer service?
4. What determines the actual value of my jewelry?
5. How would I know if I was getting a fair price?
6. Which pieces would be most worth selling?
1. Who buys gold jewelry for its meltdown value?
Finding a jewelry store or dealer even a refiner to sell your gold is not difficult; especially nowadays there is no shortage of companies advertising their services all over the media.
But just like in any business transaction, selling requires some shopping around. We recommend making a list of three to five buyers, including your long time jewelry store. If you have time take your items to every one of them and make a comparison among the offers before selling it. For online service companies make sure you call and ask for the list of the prices based on the karat value such as 22k, 18k, 14k, and 10k. If they are not disclosing their listed prices over the phone and expect you to send your valuables without an approximate offer, do not send it. In other words would you sell your car or house without knowing how much it is actually worth?
2. Who buys gold coin?
You need someone who deals precisely in gold coins, a full-time gold coin broker. First find out the actual worth of the gold coin. There are so many Gold Coin specialist and you do not want to be under paid especially when it comes to historical gold coins.
3. How can I know if the company is legitimate and has a good customer service?
Checking out the company with the Better Business Bureau and the city or state department of consumer affairs will only get you so far. A good indicator of a legitimate company is the quality of their customer service. Did they contact you right away? Did they give you estimation over the phone? Test the company, send one item and if you are satisfied with the price send more. Also Customer Testimonials are so important.
4. What determines the actual value of my jewelry?
Karat, weight of the jewelry and the Gold Price of the date you are cashing in are used to calculate the actual value of the item.
Karat; it is usually stamped on the jewelry, but is sometimes too tiny to see with the naked eye, and need a magnifying glass (loupe) to look at it. However if you show the same item to different dealers you can also test the reliability of the dealers. In US most jewelry is 14-karat, though some better pieces are made from 18 karat, and inexpensive jewelry is often 10 karats. So if the item you are holding is not 24k Jewelry the gold pieces are worth only a proportionate fraction of the 24-karat price. In other words, a 14-karat gold ring is valued at 58.5% and an 18k gold ring is valued at 75.0% of the 24-karat gold price.
Weight; when you are selling Gold is most often measured in penny weights, with 20pw equaling an ounce. If you have a sensitive kitchen scale you might check the weight but a legitimate dealer has a scale which is certified and periodically subject to random checks by the Consumer Affairs. Weight is another tool to check the reliability of the dealer.
The Gold Price; check the daily gold price online on major websites.
5. How would I know if I was getting a fair price?
If you deliver the gold to the dealer yourself you should expect to get at least 90% of the gold's value based on that day's price. If you have 5 ounce and more ask for 96% in return. Expect to receive slightly less for the convenience an online service provider, again call the website and get an estimate value. Would you sell your car without knowing how much it actually worth? We all know that a buyer deserves to make money but how much is fair? Do not settle until you are 100 percent sure that you found the right buyer.
Here is the example:
You have 70 penny weights or 3.1 ounces or 108.85gram of gold jewelry excluding ornamental items such as stone or glass pieces which have no value. The karat value is 14k (58.5%) and the selling gold rate is $900.00. The 70pw of 14k gold at market price would come to $1842with the 90% of the gold’s value based on the gold rate of $900 you should not settle for less than $1657.80 if you deliver the gold to the buyer’s doorstep.
6. Which pieces would be most worth selling?
This is an emotionally complex task. Before cashing out make sure you go through your items and separate the ones that are ok to be melted down.
©2009 – Halach Gold Inc -www.mygoldgram.com
We also buy/sell gold jewelry. You can visit us for more information.
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