Five Tips For Finding the Best Gold and Silver Buyer In Massachusetts

1. Never sell your gold or silver to a "mail-in" company. Mail-in

companies have a history of paying very low prices. Once you've sent

them your valuables you've lost control of the situation. They can pay

you virtually whatever they want - and typically it is well below a

reputable dealer.

2. Select two or three local gold and silver buyers especially one

that has been around for a year or more. Call first and inquire as to

how much they pay. Most gold and silver buyers use "pennyweights" as a

form of measure. You should ask how much they pay per pennyweight for

14 kT, 10 kt gold, etc. This way you can compare apples to apples. If

the dealer says " we do not quote over the phone" or "we need to see

your gold to evaluate it", stay away! A reputable dealer will give you

his price for that day over the phone. For silver ask for the price

for sterling silver, 999 silver, etc.

3. At the store(s) you've selected, check to see if the dealer's scale

is certified by the local town or county department of weights and

measures. This assures that you are being paid fairly for your gold

and silver.

4. If your gold is not marked "10 karat, 14 karat, etc." the dealer is

able to test your gold to determine the proper karat. Gold may be

tested in one of several ways, but the most common is with an acid test

or electronically. Either of these methods will give the dealer and

you an accurate reading as to the karat of your gold.

5. Do not sell your gold or silver at so-called gold parties.You are

part of a captive audience and there is pressure to cooperate. Dealers

who buy at these parties pay less because you are not in a position to

compare. The party host generally receives a payment from the dealer

for the gold purchased; thereby decreasing how much you receive.

Cape Cod Gold and Silver has been serving residents of Cape Cod for

over four years. Visit us at www.capecodgoldandsilver.com or in person

at 132 Rte 6A Sandwich Ma. PH: 508-888-2700. Ask for Tony Rando, owner

and author.