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Online Gold Selling Scams To Avoid

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(credit: AP)

(credit: AP)

Selling your gold online is all the rage…especially now that gold is over $1,300 an ounce.  So what do you do to avoid being scammed?

The best thing to do is face to face transactions; however if that’s not possible

1. Make sure you take a picture of jewelry before you send in your gold; if it’s of sentimental value don’t send it

2. Call at least 3 jewelers on the same day and find out their rate; then go in personally and get 3 estimates to determine best deal

3. Check with the Better Business Bureau to see which businesses are or are accredited.

4.  Last, but not least.  Make sure you do your homework on what gold is selling for and what your jewelry is worth.

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