Do You Have Gold to Sell?
If you have gold to sell, make sure that you transact business with a local buyer. Check the current pricing information on the buyer’s site. Also, check out the types of gold items that are purchased. Don’t waste your time traveling to a buyer’s location without first viewing the range of items that are bought. When it comes to gold, you can sell a range of gold items.
What You Can Sell to a Full-Service Buyer
Gold buyers in Sydney will buy items such as gold jewellery, gold bullion, gold coins, and scrap gold. A full-service business will also buy luxury watches, diamonds, silver bullion, and silver coins. You may also go to the same business to obtain a loan. Loan are made on collateral such as gold jewellery, diamonds, gold watches, scrap gold, gold coins, and gold and silver bullion.
Review the Loan Rates
If you need money, you can take out a loan of this type without a credit check. You can also receive excellent loan rates that get lower for a higher loan amount. For example, a loan for $200 still only accrues a monthly fee of about 10%. However, if you have gold or diamonds valued at $20,000 or more, your monthly fee is about 3%. Therefore, you should consider this type of financial opportunity when you want to buy or sell gold items or bullion.
Get More Money on Items with a Higher Carat Weight
If you choose to sell gold versus pawning it, you normally get a slightly higher amount per gram. The amount you will receive will depend on the carats. For example, items made of 9ct gold receive a lower per-gram price than items that are 24ct.
What You Need to Provide for Identification
To sell gold or take out a loan, you will need to provide one of the following types of identification:
- A passport or driver’s licence
- A document issued by a statutory authority
You may also provide two of the following forms of identification:
- A full birth certificate or extracts of a birth certificate
- Marriage licence
- A card such as a pension concession card
- A certificate proving Australian citizenship
Once you know the process for selling your gold or taking out a loan, you will find it easy to make this type of transaction. You just need to meet the requirements and make sure that you have the required documentation.
Learn More About Gold Buying Today
Gold is an exciting item to buy or sell. Therefore, it helps to know where to go locally to add gold to your collection or sell gold for money. Knowing that you have this type of financial assurance can make trading this precious metal much more rewarding.