There are lots of gold buyers advertising on the internet and television today and as a consumer it is often hard to decipher which company may be the best or even safe to do business with. This transaction should be handled just like any other business decision; do your research up front and make sure that you are getting the best deal and will be protected during the process. There are a few things that everyone should do before deciding to sell their gold pieces.



The first thing to do is go online and research the online gold buyer that you have decided you may want sell your gold to. Looking for registered complaints with the Jeweler's Vigilance Committee is a good start. There are also various other websites and organizations devoted to registering complaints such as Trust-E. It is also easy to do a general search on a company to see feedback that is out on the web. When searching on Google it is good to try the companies name with various keywords, positive and negative, to see what pops up since different people may post things a number of ways.

Make sure the online gold buyer you sell your gold to is a company that is licensed to deal with gold jewelry and also is an "actual company." Although it may seem like a basic requirement, it is scary how frequently internet sites are posing as companies that are not legitimate companies. You want to make sure that you will be covered when doing business with anyone, especially a company you will only be dealing with over the phone or internet. Companies should post their credentials on their site and it is very easy to verify these online.

Companies should be very clear about what they will be paying you for your gold pieces. Companies should also post any fees that they will charge including shipping, percentages, etc. Payouts differ on each site so it is best to shop around to see who is paying what.

Last but least you need to know what the company offers in regards to guarantees about selling gold. An online gold buyer should give you the right to cancel the transaction and receive your gold back in return of the money. They should also be willing to insure the package as you ship it in the mail. Many companies offer free shipping and should do so via a major mail service. It is important that you never send gold pieces via uninsured, standard mail. Any company insisting on you doing this should immediately be red-flagged as someone not to do business with.

These are guidelines to help you as you look for a company to sell your gold to, but they should just be a start. You, as a customer, should feel comfortable with your experience and the ability to have someone help you along the way. Find a company that makes the process clear, easy, protects you, and offers a high payout.