Tips For Selling Gold
Ensuring a Smooth Transaction
Being informed and asking the right questions pays
When selling gold, silver and other items, we always encourage clients to do their homework before visiting a gold buyer. Unfortunately, gold buyer scams are prevalent and often hard to spot. Canada Gold is a BBB accredited gold buyer where you can feel safe and secure selling your gold.
Being informed and asking the right questions will help ensure a smooth transaction and the most money for your items. We are happy to answer our visitor’s questions and educate them on the appraisal process, which we perform in their presence.
Tips for Selling Your Gold
Is Your Gold Buyer Listed With BBB?
Check if your gold buyer is listed with the BBB (Better Business Bureau) and if any complaints have been made regarding their business practices. Be wary of businesses not listed with the BBB. Some travelling gold buyers for example, are not listed as they frequently change names and locations. All businesses should be listed regardless of whether or not they are accredited. While becoming accredited is not mandatory, it does add an extra level of confidence in that buyer. All of Canada Gold’s locations are listed with the BBB to give clients peace of mind. We are also the first gold buyer in BC to become accredited with the BBB.
Check Current Gold Prices
Avoid buyers who refuse to post prices, especially pawns shops and jewellery stores. They frequently offer unreasonably low prices if they suspect a customer doesn’t know the value of their gold. Even if they do post their prices, double-check to make sure it is the amount you are receiving per gram. We have had many customers report that our competitors pay much less than their posted rates if they suspect the customer has not seen the posted prices.
Know Your Weight
Make sure you know the weight of your items (in grams) before visiting gold buyers. Then you will know if their offer is fair. Don’t have a scale? You can use quarters or loonies as a reference. Quarters weigh 4 grams and loonies weigh 7 grams.
Is Your Gold Buyer Listed With BBB?
Check if your gold buyer is listed with the BBB (Better Business Bureau) and if any complaints have been made regarding their business practices. Be wary of businesses not listed with the BBB. Some travelling gold buyers for example, are not listed as they frequently change names and locations. All businesses should be listed regardless of whether or not they are accredited. While becoming accredited is not mandatory, it does add an extra level of confidence in that buyer. All of Canada Gold’s locations are listed with the BBB to give clients peace of mind. We are also the first gold buyer in BC to become accredited with the BBB.
Check Current Gold Prices
Avoid buyers who refuse to post prices, especially pawns shops and jewellery stores. They frequently offer unreasonably low prices if they suspect a customer doesn’t know the value of their gold. Even if they do post their prices, double-check to make sure it is the amount you are receiving per gram. We have had many customers report that our competitors pay much less than their posted rates if they suspect the customer has not seen the posted prices.
Know Your Weight
Make sure you know the weight of your items (in grams) before visiting gold buyers. Then you will know if their offer is fair. Don’t have a scale? You can use quarters or loonies as a reference. Quarters weigh 4 grams and loonies weigh 7 grams.
Shop Around
We encourage you to shop around and compare offers. We frequently visit our competitors and have yet to find a higher offer for gold and precious metals. Our payouts are based on transparent, up-to-date market rates, and we are proud to offer consistently competitive prices. No appointment is necessary — visit us anytime for a free, no-pressure evaluation.
Note: Our Best Price Guarantee applies to jewellery purchases only.
Read Fine Print
Always read the fine print. Many sellers advertise their prices only for customers who sell more than $10,000 worth of gold. If you are selling less than this quantity, they may pay you much lower prices.
Avoid Price Ranges
Be wary of any gold buyer who gives you price ranges but refuses to commit to a specific price. If they tell you they are paying “$8 – $14 per gram”, you will likely be offered a poor price after an unpleasant negotiation.
If you would like more tips for selling gold or have any questions about avoiding gold buyer scams, give us a call at 1-888-219-7001 or visit one of our locations in person to speak to an expert. Education is your best protection!
Shop Around
We encourage you to shop around and compare offers. We frequently visit our competitors and have yet to find a higher offer for gold and precious metals. Our payouts are based on transparent, up-to-date market rates, and we are proud to offer consistently competitive prices. No appointment is necessary — visit us anytime for a free, no-pressure evaluation.
Note: Our Best Price Guarantee applies to jewellery purchases only.
Read Fine Print
Always read the fine print. Many sellers advertise their prices only for customers who sell more than $10,000 worth of gold. If you are selling less than this quantity, they may pay you much lower prices.
Avoid Price Ranges
Be wary of any gold buyer who gives you price ranges but refuses to commit to a specific price. If they tell you they are paying “$8 – $14 per gram”, you will likely be offered a poor price after an unpleasant negotiation.
If you would like more tips for selling gold or have any questions about avoiding gold buyer scams, give us a call at 1-888-219-7001 or visit one of our locations in person to speak to an expert. Education is your best protection!
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Canada Gold is proudly accredited through the Better Business Bureau. This shows our commitment to providing superior customer service every time you visit.
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