Questions To Ask Your Gold Buyer In Chicago

Selling your unwanted gold is a great way to earn some extra money, especially around the holidays to help pad your gift-buying or travel budget. While there are many reputable gold buyers in the area, there are unfortunately a few who are less than ideal. You don’t need to let the bad individuals spoil the industry, however, and by asking just a few questions you can assure yourself that you are doing business with a trustworthy company. Here are a few questions to ask your gold buyer in Chicago, in order to give you the peace of mind you need when buying or selling gold.

How Long Have You Been In Business?

This should be one of the first questions you ask. Even if you have done your research ahead of time and investigated the company online, be sure to ask the same question of the sales staff when you arrive in person. Unscrupulous locations will lie or stretch the truth about how long they have been in operation, whereas reputable locations will be able to point to a long and proud history of delivering excellent customer service. Try and visit a location that has been around for over a year and is affiliated with your town’s better business bureau. This gives you some peace of mind and assurance that the company you have chosen does have a history of high quality customer service.

What Is Your Preferred Unit Of Measurement?

Not many consumers think to ask this question, but it can be incredibly relevant. Most reputable locations deal in grams, which are the standard unit of measurement throughout the industry. Some retailers will try to deal in pennyweights, but historically speaking this results in a lower purchase price for the individual selling his or her gold to the retailer. Take some time to understand the difference between grams and pennyweights, and how to calculate a quick conversion in the event you need to negotiate a fairer price.

Do You Pay More For Designer Items?

If you happen to have a few pieces from a designer collection, it’s a good idea to ask if the location you visit will pay more for those items than other, non-designer ones. In some cases, they will be able to offer you an increased price for the designer items, and will pay a price per weight for the others.

To learn more about finding a gold buyer in Chicago, contact Chicago Gold Gallery at Follow us on our Google+ Page.

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