This describes selling your gold for cash in Kansas City. Understand what your gold for cash is really worth in Kansas City at Waldo Financial.
Even after avoiding the “we buy gold” scams and finding the best place to sell your gold in Kansas City, you might find yourself disappointed when an offer is made to buy your gold jewelry. This most commonly occurs when buying broken chains or mismatched earrings. Many people are pleasantly surprised to find that their “junk” is worth something. But when hard financial times force you to part with recently purchased jewelry, you might feel that disappointment. This is avoidable if you understand the buying gold process and how it different than buying jewelry.
First, the jewelry business is different from the gold buying business. Raw gold is always valuable but as jewelry, its value is increased when paired with detailed design, especially if it’s from a known artist. The more work the designer put into it, the more you will pay.
Second, the typical jewelry store has a lot of overhead to cover, from pre-purchased stock to high-tech alarm systems to salespeople with the “right” look. It isn’t unheard of to see 200% or even 500% markups to cover these costs. In this way, buying jewelry is like buying a new car. As soon as you leave the showroom, the value drops because much of it was simply a markup. As the car ages, the price again drops. And, if everyone is trying to sell their cars instead of buying them, the price will plummet.
When you sell gold in Kansas City, the gold is being purchased for scrap; not for jewelry. At Waldo Financial, we buy gold for scrap; not for resell. Nearly every piece we purchase is melted down to its pure form. What we offer you is the value of the actual gold, not the value of the jewelry style or gemstones.
Should you blame someone for this?
But not Waldo Financial, nor the designer who only saw a small fraction of the price himself. The jewelry store’s high markup is the prime suspect for the price differential.
So, if you want to sell gold in Kansas City, remember that Waldo Financial deals in scrap gold. Waldo Financial will always give you a fair price that is, many times, 1.5 to 2.5 times that of our competitors. But it will always be based on the value of the gold, not the value of the entire jewelry piece.
If you have more questions or concerns about selling your gold for cash Kansas City, give us a call at 816-333-6800.
This described selling your gold for cash in Kansas City. Waldo Financial will purchase your gold for cash in Kansas City.
KEYWORDS: gold for cash kansas city