What do I have to consider when I want to sell gold?

Almost everyone has old gold at home that no longer serves any particular purpose: a broken christening necklace, jewelry that is no longer modern or the leftovers from the last visit to the dentist.

Due to the high price of gold, it currently pays to sell this gold. There are many gold dealers who are interested in buying your old gold.

However, media reports and tests have shown that all that glitters is not always gold: there are many dubious gold buyers. Such dealers often advertise with unprofessional flyers, the company details are incorrect and the telephone number given is only a disposable cell phone number.

Below I would like to give you a few tips on how to recognize a reputable retailer.

7 tips if you want to sell gold:

Tip 1: Take a look at the retailer's website.

A website reveals all sorts of things. Take a critical look at the website of the dealer where you want to sell your gold: Does the website seem reputable? Do you feel well informed?

Tip 2: Search the Internet for reviews.

Once you have found a dealer you would like to sell your gold to, see if you can find any reviews on the web. Caution: If you can't find anything at all about a dealer, this is not a good sign!

Tip 3: Ask whether the valuation of your gold is free of charge and whether you can be quoted an exact price.

A price should always be determined free of charge and accurately - even if it is clear that you may not be thinking of selling immediately, but simply want to find out what your gold is currently worth. Do not be satisfied with an approximate price.

Tip 4: Make sure that your pieces are checked carefully.

Careful examination of the gold you want to sell is the basic prerequisite for a solid transaction. If you want to sell different pieces, it is important that the dealer separates your pieces according to carat. The carat content can be determined with an acid test, among other things. The more carats your pieces have, the higher their gold content and consequently the higher the price you will receive.

Tip 5: Take a look at the scales.

A reputable dealer will always let you look at the scales when weighing the gold. So make sure that you can see the result of the weighing directly on the scales or whether you are simply told the result by the dealer.

Tip 6: Don't let yourself be put under pressure.

If you want to sell gold, you often need some time and want to visit several dealers. A reputable gold buyer will never put you under pressure or pressure you to sell.

Tip 7: Pay attention to the company details and choose an Austrian gold buyer.

A reputable dealer will never provide just a cell phone number, but always an address as well. I particularly recommend that you place your trust in Austrian companies. They are subject to strict laws and regulations that do not apply to foreign companies.

If you follow these tips, you will definitely be on the safe side.

You are of course also welcome to sell your gold to me and my team in one of our Vienna Vienna branches. Simply drop by or contact us.