How to Locate Good Gold Buyers

By Erik Neilson , last updated August 27, 2011

For those who are interested in selling their gold, it is of the utmost importance to spend an adequate amount of time locating the right gold buyer. Not all gold buyers are created equal, and some make a living by cheating people out of their gold, offering far less that it is worth in cash. Fortunately, there are plenty of honest people in the gold-buying industry who will give you exactly what your gold is worth, and forging a relationship with the right person can pay off huge dividends in the future. By taking the following tips into consideration, you can drastically increase your chances of finding a good gold buyer.

Online

The Internet is a very effective resource for finding good gold buyers. Not only will you be able to find an endless list of individuals who buy gold online, but you’ll usually have the option of reading customer reviews and other information about the gold buyer before contacting them. This is drastically different from just searching for gold buyers through the phone book, as you are far more liable to come upon a dishonest individual by taking the latter route. When searching for gold buyers online, be sure to look for as much third-party feedback as possible, as the gold buyer’s website may not be an accurate representation of their performance or personality. The more you can learn before contacting someone, the better.

Referrals

By far the best way to find a gold buyer, referrals are more than worth seeking out. A referral from a friend, co-worker or family member ensures that the person you are led to will be honest, especially if they come highly regarded. When seeking a referral, be sure to ask the person as many detailed questions as you can think of about the gold buyer they worked with. Also, take referrals with a grain of salt, as it isn’t uncommon for some people to be biased about the gold buyers they’ve worked with. Keeping this in mind, you can have a great deal of success finding a gold buyer through the referral process.

Pawn Shops

If you’ve had no luck finding an honest gold buyer, you may be able to find success by selling your gold at a pawn shop. Pawn shops often pay top-dollar for gold, and many people like the fact that they can sell their gold locally and in-person. Unfortunately, not all pawn shops offer honest services, which is why it is highly advised that you do a great deal of research about your local pawn shops before choosing one. As with individual gold buyers, you can find a lot of information on pawn shops simply by looking for customer reviews and testimonials online. Search for a third-party, unbiased website that offers such reviews for best results. Be sure that you are content with the pawn shop you’ve chosen before selling your gold, as it is wise to try to forge a relationship with a local gold buyer if you intend to sell more gold in the future.

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