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How does a gold buyer appraise my gold? That’s a common question from potential customers. Appraising the value of gold is based on a number of factors. A Gold Buyer will follow a few standard procedures to confirm the value of your gold pieces.
1. They will test your jewelry to verify the purity of the gold. This involves using an acid solution on the gold. True gold is not damaged when it’s tested for purity.
2. Once the purity of the gold is verified, the gold jewelry is weighed on a scale. The value of gold is based on how much the “spot gold market price” is that day.
3. When gold jewelry is sold “as is”, the piece is inspected for any marks or scratches. Damaged gold may be of lesser value, but we accept gold jewelry in any condition.
If you have gold jewelry pieces or scrap gold that you would like to sell for cash contact us for an appraisal at your downtown Manhattan location. Exclusive Buyers & Jewelers is a 5 start rated jewelry buyer in Manhattan with over 30 years of experience appraising gold jewelry, diamonds, fine watches, estate jewelry and designer jewelry. Read our Google Reviews
