If you’re looking for who buy gold near me, there are many places in New York City to choose from. Some offer a fair price for your jewelry and other items while others may not. It’s important to understand the difference between these companies so you can avoid those who are looking to take advantage of unsuspecting customers.
Local Jewelers
Some local jewelers have “we buy gold” signs in their windows, and they can be a good choice if you need to sell some of your gold items. However, they usually purchase only melted gold or scrap gold, and you might be better off with an online seller.
Pawn Shops
Many pawn shops and “cash for gold” outlets buy gold items, and they usually pay based on the amount of pure 24-karat gold in the item. They also take into account the item’s resale value and other factors to make a profit when purchasing the gold from you.
Gold Buyers
Online gold buyers typically have a smaller margin than local sellers, and they’re able to pay more for your items because of it. They also provide fast payments, usually within 24-48 hours of receiving and appraising your items. You’ll receive payment via check, bank transfer, or PayPal. You can also send your items to them using a prepaid mailer, and they’ll ship your package back to you with insurance coverage. A lot of these buyers have FAQ pages to help you get started with the process.