So you’ve decided to sell your gold online. You take out your jewelry, place it in the mailer and send it offer to the gold buyer with visions of dollar signs dancing in your head. But the items are soon returned to you because the dealer has identified them as fake!
How could this happen? The reality is that many people believe they are in the possession of valuable gold items, when in actuality what they own is a carefully crafted counterfeit.
Here are some tips for how to spot fake gold before you buy it – or attempt to sell it at an online gold buyer.
- The “K” stamp means little. Just because your gold bears a “14K” or “18K” stamp on it doesn’t mean that it is legitimate. Taking your gold to a qualified appraiser is only way to determine its weight.
- Consider the source. Unless you are buying your gold from an authorized or reputable dealer, chances are what you are buying is a fake. When you’re considering buying something out of the trunk of a car, remember “if a deal sounds too good to be true, it probably is!”
- Watch for fake watches. One of the most common types of fake gold is the luxury watch. In particular, fake Rolex watches are everywhere these days – so remember to look for the gentle sweep of the second hand on these watches. If it ticks roughly – like a standard run-of-the-mill watch, you know you have a fake on their hand.
If you want to work with one of the best, most respected New York online gold buyers, visit www.jewelryscrappers.com today. At Jewelry Scrappers you’ll work with smart, trustworthy professionals who will do everything they can to make sure you get top dollar for your gold!
