With gold prices fluctuating daily, you want to ensure you get the maximum payout when selling your gold jewelry, coins, or other precious metals. However, not all buyers offer the same terms or customer service. Asking the right questions upfront can help you pick the best precious metal refinery to work with.
Here are five key questions you should get answered before agreeing to sell your gold.
What is your current buy price for my items?
Gold prices change constantly based on market rates. Ask for their current live buy prices for gold purity levels like 10K, 14K, 18K, and 24K. Know exactly how much they will pay per gram or ounce before shipping items.
How do you evaluate and test my items?
Professional precious metal refineries assay your items through atomic absorption, X-ray fluorescence, densitometry, or fire cupelling. Ask specific questions about their valuation approach, assay tests, and precision standards.
When and how will I get paid?
Understand their payment timeline, options, and requirements. Most refineries payout via check or bank wire transfer within 24-48 hours after receiving and testing items. Know the policies for minimum payout amounts and delivery times.
Do you offer insured shipping?
Selling in person may not be feasible, so ask about shipping. Many precious metal refineries provide prepaid, insured envelopes or packages. This protects items in transit and gives tracking visibility. Inquire about any shipping fees or limits.
What are your security practices?
Extensive security protocols protect your items from the moment they take possession. Look for 24/7 surveillance, vault storage, fully secured facilities, and bonded staff: digital photographs and barcoding document chain of custody. Ask for specifics about their safety standards and accreditations.
Doing your due diligence when choosing a precious metal refinery gets you the best price and peace of mind. Bay Area Metals adhere to stringent practices for valuation precision, security, and customer service. Contact them today to learn more.
