Another question about selling gold.

[Tseeker]

I have noticed that some dealers will not buy everything if the initials engraved inside the item do not match your I.D. The reason for this is obvious of course, they do not want to take anything that could conceivably be identified as stolen. Still, how do those of you who have found engraved items handle this? Is there a way to remove the engraving or is this a case when it is just easier to send it to a refinery? Assuming that they don't require some form of I.D. as well. Also, does it pay to have a formal appraisal on some items if they contain stones or are exeptional pieces?

 

[tabdog]

I'm kind of new at this, but I have learned that if you take it
to a local guy buying gold and silver, they will have a way to
make more than the going percentage.

They can cheat, and most do.

Miss weighing. They will know if they can get by with it.

Charging a erroneous professional fee.

Miss calculating gold content.

Those are just a few things they can do.

They are not well regulated. It's a money thing. They like your money.

It you want to sell a nice piece, it is best to have it cleaned and the

stones tightened by a jeweler. Get an appraisal or certification from

the jeweler. That will help sell it. It will keep the stones from falling

out before the buyer gets it. It will look new, if possible.

That can save you problems. You have more confidence your not

getting ripped off.

HH,

 

[Tseeker]

Tabdog, thanks for the input.