Archive for March, 2009
Where to Sell Gold Jewelry
Times are tough and with the economy becoming even worse you may be considering parting with some of your old jewelry. If so, you may also be wondering where you can sell gold jewelry.
Many people may suggest that you visit a pawn shop. This should be your very last stop however, since most pawnbrokers aren’t willing to give you top dollar for your items. And if you’ve ever stepped foot inside of a pawn shop you’ll know why! Practically everyone wants to pawn their items, so this creates a lot of risks and these guys just want to make as much money as they can.
If you have a local jewelry store, you may want to check with them to see if they would be willing to by your items. Although they might not give you top dollar for your pieces, they will probably be able to offer you a lot more than a pawn shop would.
If you don’t know of a jewelry store in your area you can try asking family or friends if they know of one in their area that is reputable. If you’re planning a trip to their area, it might be worth the visit since you’ll be in the area anyway.
If you’re a night owl you may have noticed that there are quite a few gold buying infomercials offering to buy your gold, however you should be cautious when you’re dealing with these types of companies.
Unless you know that they are reputable from friends or family, you’re probably better off elsewhere unless you want to risk the possibility of never getting your money.
If you’re hoping for a little more than market value, you may want to consider putting your items up for auction. Keep in mind however; that auction sites both on and offline do charge a fee, so unless your pieces are extremely valuable, you’re probably better off selling them to a dealer.
If you know of a private individual who would be interested in what you have for sale, this might be an ideal way of selling your gold and is also an easy way to avoid any fees. However, if the individual isn’t familiar with the current value of your items, he or she may not be willing to pay you full price.
Other resources you may want to consider when trying to sell gold jewelry are classified ads both online and offline, social networking sites, online lists that allow you to post without a fee or your own website or blog.
How to Sell Scrap Gold
Chances are if you’re reading this article, you’re looking for a way to make some extra money and if you’re like most, you may be wondering if you can sell gold for scrap. Well, it’s possible if you know how.
Generally when you’re scrapping a precious metal like this one, you want to do your homework. While you can make a bit of a profit from this type of selling, some pieces are worth far more than that.
Items that are usually scrapped include bent or broken jewelry, simple wedding bands or other rings such as class rings that aren’t very valuable on their own, defective or damaged coins, dental crowns and bridgework, single earrings, nuggets, wire, watches and electronics.
These items are generally those that are not easily repairable.
Before you decide on a buyer, you should separate your items first. The easiest way to do this is by seperating them into piles of 10k, 14k, 18k and so forth. The next thing you’ll want to do is remove anything that may be of value to another buyer such as precious jewels or stones. This will also help give you a better idea of the weight of the pieces you do want to profit from.
If possible, weigh your scrap gold so that you will have an idea of how much precious metal you have. You should try to use a digital scale when possible, that way you’ll know the exact amount you have.
Weighing your items will also assure that your buyer isn’t trying to pull a fast one when it comes to exactly how much you have.
Your next step should be to call around to area buyers who specialize in buying gold and ask them how much they would be willing to pay for your items.
If there are no local buyers in your area, try offering it to your local jewelry stores. Just keep in mind that they may only want jewelry that can be restored.
If there are no willing buyers in your area, you may want to consider placing a classified ad in you local paper to let potential buyers know what you are selling. Just be sure you have a good idea of the exact worth of the items before you accept just any offer.
Another option would be to use an online gold buyer who offers a special kit which generally includes a prepaid envelope and sometimes documents that will allow you to write out a description of every item you are sending them.
You should use caution when dealing with an online buyer, however. Most online buyers aren’t worth selling to if you don’t have a lot of scraps.
And finally, you should always remember that when you sell scrap gold, the price the buyer offers will more than likely change from one day to the next.
So be sure you get the price you were quoted in writing before you close the deal. And if all else fails, you could always try selling your scrap at auction either online or offline.
