Wilson County News
Scam Central blog blog header
Wilson County News • 1012 C St • Floresville • TX • 78114 • Ph: 830-216-4519 • Fax: 830-393-3219 • Email:
Friday, Aug 29, 2014
Login
Not a subscriber? Click here.
Are you a WCN subscriber?
Set up your password.

 
E-Mail
Password
  Remember me
 
  Forgot password?
La Vernia News
Google
Google

Preview the Paper
Preview this week's Paper

Scam Central

BBB tips for selling gold, online or in person




E-Mail this Story to a Friend
Print this Story
Better Business Bureau
October 6, 2011 | 2514 views | Post a comment

BBB gives consumers tips for selling their gold


AUSTIN, Texas -- As the price of gold continues to rise, many consumers are taking the opportunity to make a little extra money by selling their gold. In the past 12 months, BBB has received 2,790 inquiries on gold buyers. Better Business Bureau warns consumers to be cautious and informed before selling gold items.


Many of the complaints BBB receives against gold buyers claim buyers are paying less than what's expected and in some cases, with mail-in options, consumers report never receiving payment after mailing in their gold.


With so many options available for selling gold -- online stores, local jewelry stores, etc. -- it is important to take time and do the proper research. Get at least two or three appraisals to ensure the buyer is offering a fair price for each piece being sold. Check with BBB to find Accredited trustworthy businesses, both local and online.


If you are looking to sell your gold items, BBB offers the following advice:


· Separate your gold. All gold is not created equal. A 14-karat necklace will not have the same value as an identical piece in 24-karat gold. The rule of thumb: the higher the karat number, the higher the monetary value.


· Evaluate gems separately. Some jewels are too small and the cost to remove them can exceed their value. But engagement ring diamonds, for example, should be given a value separate from the gold.


· Document what you send. Make a list of items included in the package you mail, keep a copy, and put a copy in the envelope. Take a picture of items you send, including any identifying marks.


· Insure your items. Insure your items when shipping them, so you can recover the value if they are lost.


· Read the fine print. Before mailing items, find out what happens if you don’t agree with the amount offered by the company, and check the company’s policy on lost or stolen items. Many limit liability.


To check the reliability of a company and find trustworthy businesses, visit bbb.org.


About Better Business Bureau:

BBB's mission is to be the leader in advancing marketplace trust. BBB accomplishes this mission by creating a community of trustworthy businesses, setting standards for marketplace trust, encouraging and supporting best practices, celebrating marketplace role models and denouncing substandard marketplace behavior.



Businesses that earn BBB Accreditation contractually agree and adhere to the organization's high standards of ethical business behavior. BBB is the preeminent resource to turn to for objective, unbiased information on businesses and charities.



Contact BBB serving Central, Coastal, Southwest Texas and the Permian Basin at (512) 445-4748.
 


Your Opinions and Comments
Be the first to comment on this story!

You must be logged in to post comments:



Other Scam Central


Scam Central side bar header
 
^Top
  Copyright © 2014 Wilson County News. All rights reserved. Web development by Drewa Designs.
^Top