Finding Legitimate Cash for Gold Stores in Kansas City

With gold prices on the rise, Kansas City Cash for Gold stores are popping up everywhere, making this business one of the fastest growing segments of the economy.  While this can certainly be beneficial to leasing agents and landowners, a good question to ask is how these new we buy gold stores in Kansas City are getting their money.

Unfortunately, the answer isn’t always a good one. Many gold buyers are in the business to get rich quick and all at the seller’s expense. Disreputable gold buyers make large profit margins by offering payouts that are far below the gold’s true value, using shady business practices like inaccurate weighing, and more.  In short, they make their profit by cheating sellers like you out of a fair offer.

For all the shady cash for gold stores, however, there are legitimate gold buyers who are both willing and eager to help you get the most for your gold. Waldo Financial considers itself to be one of those Kansas City gold buyers.

As a name that has been in business in Kansas City since 1999, Waldo Financial offers gold sellers fair and accurate cash for gold offers. You will be provided with a written quote unlike many gold buyers, as well as a fair price for your valuable gold that is often more than double what others offer.

Times are tough with the economy and some people need the extra cash that selling their gold jewelry and coins can provide. It does you no good if you only make a tiny portion of that money. If you need a reputable place to get cash for gold in Kansas City, Waldo Financial is here to help. Review our information on how to sell gold in Kansas City or give us a call at 816-333-6800 so we can help you with all your questions and concerns.

How To Avoid Buy Gold Scams in Kansas City

Cash for gold stores in Kansas City are not always what they seem. Many of these we buy gold businesses try to gouge consumers by not offering fair prices.  What’s worse, many new gold buyers move around. They open temporary stalls at events or private parties then move on after purchasing all they can. This makes it difficult to track them down if something goes wrong.

If you are worried about getting involved in a we buy gold scam in Kansas City, here are a few tips from experts in how to avoid them:

Appraise Unusual Jewelry

Kansas City gold buyers offer scrap rates for gold; that’s it.  They offer you a price that is based on the amount of gold the piece contains and how much it will weigh when melted down. Gemstones and craftsmanship are not taken into consideration. So, if you have jewelry with gemstones or that is made by a well-known designer, you should take the piece to an appraiser.  It may be worth more as jewelry than it will be as gold scrap.

Evaluate Current Gold Rates

Every cash for gold business bases its buying prices on the current rate for gold. You can find this information, too, on gold investment websites and industry sites. Knowing the current going rate for gold will help you assess if you are being offered a fair price for yours. Remember that you won’t be offered the full price. The gold buyer needs to make its own profit, too. It is also beneficial to keep in mind that the gold market is based off of pure 24 karat gold while most gold pieces are 14 or 18 karat. This will also affect the price you are offered when you sell gold in Kansas City.

Review the Buyer

Above all, make sure you know who you are dealing with when you sell your gold. You can look at the company’s ratings with the BBB or at review sites like Yelp. Experts in the business also indicate that it’s best to shop locally, preferably at a permanent store that has been in business for some time, such as Waldo Financial. As a Kansas City we buy gold store, we have been in business since 1999 at 8437 Wornall Road. If you want to sell your gold in Kansas City, we’d like to help you. Come in or give us a call at 816-333-6800.

What is a Fair Cash Price for Old Gold in Kansas City

This describes what is the fair cash price for old gold in Kansas City. Get the most cash for gold in Kansas City at Waldo Financial.

Selling old gold jewelry that you no longer need can be very helpful in obtaining extra cash, especially in today’s economy. However, it’s only a benefit to you if you get a fair price for it. You might be asking why this is something you need to worry about. After all, the price of gold increases nearly every day. You should be able to get a good price for your scrap pieces no matter where you go, right?

Unfortunately, this isn’t always the case. In fact, more times than not, this is how many disreputable gold buyers rip off people just like you. You need to be aware of what you have and how much it it is worth in order to make an informed decision about who to sell it to.  You also need to understand profit margins and measurements.

When you sell your gold, it is unlikely that you will get the full value for it. This is because the buyer you are selling it to must make a profit in order to stay in business. There are costs involved with buying, refining, and reselling the gold. This is true for both legitimate and disreputable gold buying businesses.  Where the two differ is that legitimate businesses will factor a reasonable profit for themselves while disreputable gold buyers will attempt to gouge you in order to make those profits larger. Knowing what the gold piece is worth before attempting to sell it will help you to know if the offer you receive is fair or not. Waldo Financial, for example, offers up to 2.5 times more than the average We Buy Gold stores in Kansas City because their overhead is already covered through other business services.

In addition to profit margins, you should be aware of the measurements the gold buyer uses to determine how much gold your piece contains. Many disreputable buyers will attempt to confuse you by using obscure systems of measurements, such as pennyweights, in order to quote a lower price. This is a weighing system that the average person does not know about or understand. Waldo Financial makes it simple for customers by using the worldwide ounce measurement.

If you want to sell gold in Kansas City, give Waldo Financial a call or visit the store at 8437 Wornall Road in Kansas City for a fair price and a painless gold selling experience.

This described the fair cash price for old gold in Kansas City. Get the most cash for gold in Kansas City at Waldo Financial.

KEYWORDS: cash for gold kansas city