Gold is a precious metal that holds significant value, making it an expensive asset. It is therefore wise to do some due diligence before buying or selling gold to ensure that you are informed and protected from being deceived.
If you are looking to sell your old gold jewellery or other gold items, Brisbane has many reputable dealers who will give you a fair price for your items. However, there are some things that you should keep in mind when choosing a reputable gold dealer in Brisbane to sell your items:
7 Steps to Choosing a Reputed Gold Dealer in Brisbane
1. Shortlist Gold Dealers from Brisbane
The first thing that you need to do is shortlist gold dealers from Brisbane that are well established for some time.
If this is your first-time selling gold and you haven’t yet been acquainted with a gold dealer or gold buyer, it is best to do a quick google search on the top gold buyers and gold dealers available in Brisbane to get a jist and have a shortlist to work with. If you are not looking to be discreet about transacting your gold, you can ask your friends and colleagues if they know of anyone reputable gold buyers or gold dealers.
Make sure that the gold dealers you’ve chosen offer compensation based on the current market value of gold. This way, you’ll get the best price possible for your gold items.
2. Research About Their Reputation
While doing your research, the most important thing you need to look for is whether they are reputable gold dealers or gold buyers. The easiest way to do it is by looking at reviews online, such as Google reviews, Facebook page reviews, etc. You may even ask for feedback from your friends and colleagues about the gold buyers and gold dealers they may have dealt with in the past.
The most critical thing to look for in reviews is the consistency of their customer service based on customer experience. As mentioned above, buying and selling gold involves significant amounts of money, therefore, you will want a gold buyer or dealer that transcends peace of mind, confidence, and convenience to the customer. Moreover, the reputation of any company depends on how they treat their customers and how they deliver on what they promise them. If another customer has had a good experience with a particular company, then it is likely that the gold buyer or dealer is trustworthy enough that provides excellent customer service.
3. Look at How Transparent Their Process Is
A good business should be transparent about its charges and policies, especially when it comes to precious metals. Not everyone is an expert in evaluating gold and silver. Therefore, you should be able to get an estimate of the price of your gold before selling it over to them in a clear and transparent manner, preferably in your presence.
Also, make sure to inquire about any additional fees or hidden fees that can be deducted from your final price. An established gold buyer or dealer will not charge you additionally on top of the quote provided.
4. Gold buyers or gold dealers should be equipped with the latest technology tools
An establish and reliable gold dealer who is able to offer you the maximum value for your gold deal will always be equipped with the latest technology. Dealers who solely use the traditional acid testing method with average scales are not able to provide you with the most accurate appraisals and are therefore unreliable.
Gold buyers and dealers who have XRF machines to appraise your gold and industry-standard weighing scales will be able to provide you with the best deal in a timely manner. Gold buyers and dealers who use a combination of the latest technology tools (XRF) coupled with traditional acid-testing where required are highly reliable.
5. Check the License of the Dealer
A licensed gold dealer is approved by the government who can legally buy and sell precious metals, including gold, silver, platinum, and palladium. This is important because it ensures that you are dealing with someone who is legitimate and that all transactions conducted between you and them are legal under Australian law.
If you’re selling to pawnbrokers or gold brokers in Brisbane, Queensland, they need to have a Pawnbroker or Second-hand Dealer License. You can even ask to show their license number when selling gold.
6. Inquire About Their Experience in Buying Gold
It is good to feed your curiosity and ask any questions you may have to your gold dealer. If it is a reliable gold dealer in Brisbane, they will happily clear your doubts and in return, you will also get a sense of how knowledgeable they are and that they are trustworthy to be appraising your gold.
If the company has been around for more than 10 years, then it’s likely that they are established and have built up a good reputation over time. The more years your gold dealer has been around, the better it is for you. This is because a gold dealer with years of experience in the industry will have more experience dealing with clients and handling their precious metals. They will also have access to the latest technology and tools that can help them offer you a better deal.
7. Ask about their Payment Options
As you’re choosing a gold dealer to sell to, inquire about the payment options. Most gold dealers in Brisbane offer instant cash in exchange for your gold on the spot, while some even have the option of instant bank transfer at the spot. So it’s always good to ask the dealer if your preferred payment mode is available so that it’s easier for you to buy and sell your gold and get paid.
Some gold buyers and gold dealers offer a mail-in service that involves you buying or selling your gold via mail and receiving the payment via a bank transfer. So if you don’t want to visit the shop, you can always choose a gold dealer with mail-in service available.
Cash Your Gold – The Reputed Gold Dealer with 30+ Years of Experience
You can walk into our Cash Your Gold store in Brisbane without any prior appointment and sell your gold to us. If you are not in Brisbane or are unable to come in but want to sell to us, you can alternatively choose to use our mail-in service no matter where you are in Australia. We offer competitive rates for your gold based on the live gold price — which means you get the maximum profit when you sell to us.
We have over three decades of experience dealing with gold in Australia and provide people with the best payout rates. We use state-of-the-art technology to assess your gold to ensure you are able to reap the benefit of every milligram of gold that you have.