About Me

Investing Your Money Properly

I still remember the first bad financial decision I ever made. My seven-year-old buddy told me that if I lent him a few dollars, he would pay me back ten a few weeks later. Unfortunately, he forgot all about his debt, and I was left without my allowance. Although it might seem like a silly example, bad financial decisions like that one plague adults everyday. I have had my fair share, and so I decided to create a blog dedicated to helping you to invest your money properly. Before you take your hard-earned money and throw it at a cause, think about the advice on my website to make a great decision.

Investing Your Money Properly

Selling Your Jewelry? How to Recognize a Potential Scammer

by Penny Evans

If you're trying to sell your gold jewelry, you want to watch out for scammers. This is especially important during the current pandemic. There may be unscrupulous people trying to take advantage of you. Luckily, if you know what to look for, you can avoid being scammed. Look at this list of tips that will help you identify who you should or shouldn't work with. 

They Don't Have a Shop Address

If you're trying to sell your gold jewelry, you want to work with someone who has an actual business address. A reputable company will have a physical address for their business. In fact, even gold buying services that operate on a mail-order basis will have a permanent business address. If the company you're trying to sell your gold jewelry through can't provide you with a permanent address, or they want to meet in a parking lot to conduct the sale, find another buyer. 

They Try to Discredit Your Appraisal

If you're going to sell your gold jewelry, you want to get at least two appraisals. A professional appraisal gives you a good starting point for the negotiations. In most cases, a legitimate gold buyer will consider those appraisals when offering a price for the purchase of your jewelry. If the company you're working with refuses to consider the appraisals or tries to discredit the value of your jewelry, it's time to find another buyer. This is especially true if the offered price is considerably lower than the appraisal value of your jewelry. 

They Point Out Flaws That Aren't There

If you had your jewelry professionally appraised, the appraiser documented the condition of the pieces. If the company you're trying to sell your jewelry to begins to point out flaws that aren't there, it might be time to find another buyer. Scammers will often try to point out non-existent flaws in an attempt to get your jewelry at a reduced price. If you're unsure about the condition of your jewelry, postpone the transaction. That will give you enough time to have your jewelry examined again. 

Don't take chances with the sale of your old jewelry. Know how to identify a jewelry scam before one happens. For maximum protection, always choose a reputable jewelry buyer. The tips provided here will help you to identify potential jewelry scammers. For help in finding the right buyer for your jewelry, contact a consignment shop or jewelry store near you. They can help you find the right buyer for your jewelry.