When it comes to buying and selling gold in Newark, New Jersey, you need to find the most reliable gold dealers that can offer or pay you the best value for your gold. There are plenty of unscrupulous dealers right now who will offer you instant cash but at a very low price. These types of dealers can take as much as 75% off of the total value of your gold that you will end up as if you have just given away your money to them. If you do not wish to be in the same scenario, then read on and we will give you recommendations about the best gold dealers in the area.
To start buying and selling gold, you need to understand first how gold is valued. Not all types of gold have the same price and this is due to the differences of their composition or purity and to the amount of gold or weight of the item. Gold is a very soft and malleable metal which is why it has to be mixed with other types of harder metals in order to retain their form and shape. This is why those who have more metals mixed in them are harder and have lesser value than those who have a higher gold content or purity.
Next, you need to understand that the price of gold is not fixed and that it can fluctuate depending on the state of the economy and other factors. The prices can change daily and can be higher or lower from the other day. This is important to know since the buying or selling price of gold depends on the fixed price on the international market. Arm yourself with this information in order to know whether you are getting a good or bad deal.
Some of the best dealers in Newark are the Rich & Son, the Elizabeth Coin and Jewelry Exchange, and the J&D Enterprises. They buy and sell gold at the current market value and they deliver friendly and excellent customer service even for first time buyers and sellers. Rich & Son is a well-known pawnshop but they also buy scrap gold as well. You can just walk-in on any of their branches and you can get an offer and payment at the same day. They can pay you in either cash or check, depending on your options.
Elizabeth Coin and Jewelry Exchange is a certified broker for gold and diamond items. They also pay higher prices for antique collections and items. You can also bring old and broken jewelry and other gold items to them and they will appraise it for free. J&D Enterprises on the other hand, is a full service jeweler. They buy and sell gold items to private customers and you can rely on the quality of service that they have been providing for more than three decades now.
You can find the said dealers at these Newark, NJ addresses:
Rich & Son
857 Broad St
Elizabeth Coin and Jewelry Exchange
260 N Broad St.
Elizabeth, NJ 07208
J&D Enterprises Inc
54 Magazine St.
Newark, NJ 07105
photo attribution: sprott_money