1. What's the biggest mistake people make when trying to sell their used or unwanted gold to CT Gold Buyers?The biggest mistake is not knowing what you have. Before selling your gold, arm yourself with as much information as possible, including the weight of your gold, its fineness (measured in karats, which should be marked on the piece itself) and the current price of gold. If you don't know what you have, you may end up getting ripped off by an unscrupulous dealer who offers you an unfairly low price. If you truly don't know what you have, visit a trustworthy jeweler to find out what you have before making a deal to sell your scrap gold.

2. What kinds of things can be sold to used gold buyers in CT?Gold can be found in jewelry, as well as coins, electronics, and even old dental fillings.

In fact, if you look around your house, it's almost guaranteed that you can find something containing gold. Some of the most common items sold to scrap gold buyers are earrings missing their mate, broken chains, and rings with missing stones.

3. Is it better to try to sell my gold at a jewelry store, pawn shop, through the mail, or on the internet? Where can I find the best CT gold buyers?The best gold buyer is the one that will give you the highest price and the quickest payout. Jewelers and other local buyers can give you cash on the spot, and tend to have the expertise to determine the value of gemstones, signed designer pieces, or coins, all of which may be included in your scrap gold and which may be worth more as-is than their weight in gold. Plus, dealing in-person ensures that you're able to walk away if you're not offered what you thought the gold was worth, unlike with mail-away services, which offer little recourse if the offer is low.

4. How do I get paid for selling scrap gold?When you sell scrap gold to a pawn shop, jewelry store, or other local buyer in CT, you will get paid on the spot in the form of cash, business checks, or money orders. When sending gold to a refining company advertised on TV or on the internet, you typically will receive a check in the mail, usually several weeks or even months after sending away your gold. Other forms of payment can include PayPal or a wire payment direct to your bank account, although these are less common than checks and cash.

5. How much difference in price can I expect from gold buyers when shopping the best price for my used gold?You can expect a surprisingly large price difference between the various CT gold buyers, even between two jewelers or two gold buying services. Because the spot price of gold can be several hundred dollars per ounce, even a one percent difference in the amount they are willing to pay translates to a very large difference in the resulting offer. Always watch the daily spot price of gold and consult with several buyers to make sure you're getting the most out of selling your used gold

6. When is the best time to sell my old gold jewelry?The best time to sell your old gold jewelry is when the spot price of gold is at its highest. With gold currently setting record prices on the market, now is a great time to sell.

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