byAlma Abell

From time to time, you may decide to get Cash for gold in Elmhurst. While this can be a great way to get a few extra bucks, you should not expect to get the full market value of your gold when you sell. Instead, you will receive a fraction of the scrap value, rather than the market value for the gold that you have.

The buyer is going to melt the gold down, which means that they are not going to be paying anything for the style or the artisanship of the actual jewelry. Additionally, the dealer is going to have to pay a smelter, which is someone who will melt the gold, as much as 30 percent of the total value for refining the metal. The buyer will also want to make a profit. However, once you fully understand how the Cash for gold in Elmhurst process works, you will have to find a method for selling. Some of the most popular options are highlighted here.

A Mail Away Operation

With this option, you request an envelope and then mail your gold to a company. They will send you back a check based on what you sent in. This is an easy and convenient method, and you don’t have to pay the shipping. Additionally, most of these companies offer to return your gold if you are not satisfied with the price that you have gotten.

A Gold Buy at a Hotel

This is when a gold dealer states that they are going to be at a local hotel and if you come with your gold, you will receive top dollar. In some cases, these dealers will actually purchase more than just gold, including collectibles or antiques that you may have for sale.

Understanding the options that are available is important. Another option is to simply visit your coin or jewelry shop, or even attend a gold party. Each of these options can make you extra money and help you declutter your jewelry box. For more information on getting cash for gold, you can contact RJ Jewelry and Loan for help and to get started.