Your dwindling bank account may have you thinking about selling gold jewelry. The high value of gold tempts many people to sell scrap gold. That old ring in the jewelry box starts looking like a million bucks. You can rest assured that the old ring in your jewelry box is not worth a million bucks. So don’t assume you’ll get rich by selling scrap gold.

You have to decide if you want to sell your gold jewelry as jewelry or scrap gold. Selling jewelry for its weight in gold probably won’t get you a lot of money. Consider the price you paid for the piece. A $500 ring might bring in $100 or less as scrap gold.

This is because the ring will be valued based only on its gold content. The craftsmanship or antique value of the ring is unimportant. The ring could have a diamond in it, but it doesn’t matter.

When you realize the small amount of money you’ll get, you might decide selling your gold item is not a good idea. If you ring has a high resale value as a piece of jewelry, sell it that way. It’s possible that you can get more by selling the ring than by selling it for scrap gold. This is certainly true if the ring is an antique.

You should also keep in mind that some jewelry has absolutely no resale value. Class rings, plain wedding bands and rings that are in bad shape are difficult to sell. Those items are probably best used for a scrap gold sale.

You’ll probably want to get your jewelry appraised first. Search online and in your local phone books for appraisers. Most of them charge a fee for their services, so be prepared to part with some money. 

Find an appraiser you can afford and make an appointment. When you go to the appointment, make sure to take all the gold you want to sell.

The following items can be sold if they are made from real gold:

- Bracelets
- Rings
- Earrings
- Necklaces
- Cufflinks
- Charms
- Miscellaneous Knickknacks

If you don’t want to visit an appraiser, ask a jeweler for help. They can weigh your gold and give you a value based on its weight. However, that’s not the actual amount you’ll get for scraping the gold item.

Whoever buys your gold will take at least 10 percent or more off its true value. This is so they can resell the piece and make a profit.

When you’re selling gold jewelry, a collector is the only person who might pay the actual value of your jewelry. However, you’d have to have a rare or valuable piece to attract a collector’s attention. You should try to find a local buyer before looking outside of your city.

If you can’t find a local buyer, carefully research nonlocal buyers before doing business with them. There are people who will scam you out of your gold. Taking time to perform research will pay off in the end.

Anytime is a good time to sell gold jewelry. The price fluctuates, but it’s always relatively high. You might even be able to sell your gold jewelry for more than you paid for it.

When it comes to selling unwanted gold, the biggest problem is deciding where to sell it. There are many ways to get scammed when you want to sell gold.

There are some things you should consider before you sell gold.

First of all, why do you want to sell? Do you need cash for an emergency? Do you want quick cash for a spending spree? If you need money for an emergency, selling your gold jewelry is probably a good idea. At least if you have no other options.

If you want to sell just so you can blow the money, you might want to reconsider. What happens if an emergency arises? Having gold around is almost like having money in the bank. You shouldn’t sell it on a whim or in a moment of weakness. Hold on to it until a real emergency arises.

An exception might be if you need to get rid of it because of space. For instance, perhaps you’re cleaning out your grandmother’s old jewelry box. You don’t want to keep anything, but you definitely don’t want to throw it away. In that case, you can sell the jewelry and make a small profit.

There are plenty of reasons why you might want to sell gold. But keep in mind it’s usually best to wait until a financial emergency arises.

When you decide to sell your gold, you also need to know the value of your jewelry. Your best option is to find an appraiser in your area. If possible, find a real appraisal service. This does not include an appraiser at a jewelry store or pawn shop.

This isn’t to say that jewelry store or pawn shop appraisers are bad. It’s just that they might not give you an accurate appraisal. They may or may not be truly knowledgeable about valuing gold jewelry.

It’s also possible that they will give you a lower value in order to buy for less. If you have no other choice, visit more than one pawn shop or jewelry store. Then you can compare the values you’re given.

If you can, find a trusted and certified appraisal company or person. That’s a good way to increase your chances of receiving a fair and an honest appraisal. You can look online and in the phone book for appraisers. The Better Business Bureau can also let you know about a company’s reputation.

It’s easy to sell gold jewelry. After you know its value, all you have to do is find somewhere to sell it. Just make sure you want to part with the jewelry.

When you sell it it’s gone unless you buy it back. And the person you sold it too will certainly want more than what they paid for it. If you’re sure you want to sell your gold, do your research first.

Learning how to sell gold jewelry is easy. You will have to do some research. Nothing so hard though that you won’t be able to do it. You will do things like make a few phone calls, visit some websites, and talk to people and a few other steps. Here are some questions you might have and the answers.

1. What can I sell? You can sell any type of gold jewelry. Watches, rings, bracelets, and earrings are fine. Any type of gold jewelry is acceptable. Just make sure it’s real gold and not gold-plated. You can even sell damaged jewelry as scrap gold.

2. How much money will I make? The answer to this depends on a lot of things. First of all, the value of your jewelry determines its worth. An old plain wedding ring won’t bring a large price. You’d probably be better off selling it for scrap metal. An antique wedding ring with intricate designs would bring a larger price.

The monetary value is judged differently when you’re selling gold jewelry as scrap metal. A valuable piece will bring in more money than a piece sold for scrap. The buyer will base the amount they offer you on the weight of the gold. When it’s being sold as scrap, the condition or antiquity of the piece is irrelevant.

3. How do I know I’m getting a good deal? You can never be 100 percent sure. You can get an appraiser to appraise your items to see what they’re worth. It would also be a good idea to find out the current price of gold. Then you’d have an idea about what’s a good offer.

4. Where do I sell my gold jewelry? There are a number of places you can try. If your jewelry is valuable, you should try a collector first. A collector is more likely to give you an amount close to what your item is actually worth. This is because most collectors care more about getting the piece than getting a deal.

A pawn shop will also buy your gold jewelry. However, you should remember the pawn shop will try to get your items at a discount. They have to turn around and sell it for a profit. If they pay you top dollar for it, they might not be able to get their money back. 

Pawn shops are usually good if you need quick money. Perhaps you don’t want to wait to find a collector. If that’s the case, a pawn shop will buy your jewelry if you’re anxious to sell your gold in a hurry.

There are also companies that buy gold jewelry as scrap metal. They pay based on the weight of the gold. In this situation, the uniqueness of your jewelry is totally unimportant. All the scrapper wants is the gold so they can melt it down.

Learn more about how to sell gold jewelry online. Try to learn all you can before you actually sell anything. You will know how to negotiate better if you know what to expect.

You can earn yourself a nice bit of cash if you sell gold jewellry, especially if these are antiques that collectors are willing to pay big bucks for.

The problem here is actually selling that jewellry.

It may be difficult to sell your gold jewellry at the right price or maybe you’re squeezing your mind on how to sell scrap gold jewellry to anyone at all. On the other hand, simply selling unwanted gold to just anyone could end up in some major losses on your part.

Fortunately for you, there are some very real things you can do to sell gold jewellry at a profit. Here are a couple of the more useful tips to help you do just that:

Get your jewelry appraised

Standard rates for appraisal run around $25 to $50 apiece, but you can hire an appraiser to look over your jewelry at around $60 to $90 an hour. Now you might be reluctant to spend this money, but it is definitely worth it if you want to sell your gold jewellry at the right prices.

Sell pristine jewelry to collectors and interested parties

If you have jewelry pieces that are in great condition, the most profitable decision would be to sell them to interested parties. Advertise in auction sites, contact your local jewelers or even set up a gold selling party – all these are viable methods for you to sell your jewelry. Just make sure that you get the right prices on your pieces and you’ll end up a winner in the end.

Sell broken jewellry to refineries and jewelers

It would be impossible to sell gold jewellry at its original price if it is chipped or if it’s got a serious crack running down a prominent location. All hope is not lost, though, as there are refineries and jewelers that will be interested in melting down your jewelry. The profits may not be as high as selling the jewelry to collectors, but it’s better than just letting it rot in storage.

Put the shipping costs on the buyer

It would be less costly to sell gold locally, since you can simply deliver the goods yourself. If you do manage to finish a sale on the Internet, though, you will have to face packaging and shipping fees. You can increase your profits by letting the buyer shoulder the costs.

NEVER respond to SPAM email programs

It is extremely risky to sell gold jewellry to complete strangers, especially if they approach you by unsolicited email. Not only do you risk fraud by sending your gold pieces to somebody else, but most of these mail-in programs buy gold and jewelry at extremely low prices. You could be facing serious losses if you do risk it.

More and more online websites are offering gold selling kits and information on how to have a gold selling party. Of course one might think that men are the ones that are in charge of this money making venture, yet it’s the ladies who are really taking advantage of this opportunity. And why not?

For years women have been hosting various home parties and selling household goods, makeup and personal enhancement products to help make ends meet without having to leave their babies in the hands of a stranger. So it’s really no surprise that they would want to sell their unwanted gold jewelry, coins or bullion for the very same reason.

If a host wishes to do all of the work, the first step would be to contact a company who provides services and kits for these types of parties. They should make sure that the kits include a weight scale and a test kit, which can determine if the gold jewelry is real and what carat it is – 10K , 14K, 18K. Sometimes a kit may even come with directions for hosting the parties.

If a little less work sounds more appealing there are some companies who offer full services and leave very little work for the host. In general guests would be supplied with an invitation to the home or other place of destination and the host may serve appetizers and/or drinks.

When a full service company is hired, an appraiser is often provided instead of a kit. The appraiser would then weigh and purchase the jewelry, coins or bullion brought by guests. Usually there are no extra fees for this type of service, making it an easier choice for many women and the host still profits by receiving a certain percentage of the total sales.

A few things to remember:

Unless you want a lot of strangers in your home, it’s probably better to play hostess in a rented location or keep the invitation list strictly with people you know and trust.

Remind friends that if the items they’re willing to sell have any sentimental value, it’s probably better to leave them at home. Otherwise they may later regret their decision to sell those items.

Having a gold selling party should be fun and relaxing, but you should also keep things professional. And remember; never force anyone to sell anything they don’t want to unless you want to lose a few friends in the end.

If you’re familiar with the words gold rush, you’ve probably already found yourself excited about the idea of making some cash off of your old coins and jewelry or maybe you’ve consider investing in gold. But would you know where to go from there? If you want to sell gold, would you know what your options are?

At one time, the only places offering to buy your gold coins or gold jewelry were pawn shops and jewelry stores and if you had gold bullion it was nearly impossible to find a buyer.

Times have changed however and so have your options for selling your precious metals. Many companies are now advertising to buy gold through television and there are gold selling sites where you can sell gold online online. You can even host a private party to sell your gold.

Flip through any infomercial television station and you’re bound to run across someone offering to buy your gold. You should be aware however; most of these companies offering to buy your goods will generally give you a lower price than its current value.

Surf the web and you’ll find a growing number of companies offering to buy your gold coins and jewelry online. These online dealers usually send you a package containing an insured envelope and sometimes a merchandise form. If they don’t you should probably run the other way. If they do send a form be sure to make a copy for yourself and take photos of your items just in case there’s a problem.

If you’re familiar with online auctions sites, this might be the route to go if you’re hoping for a specific price. Auction sites can sometimes attract buyers who are willing to bid on your asking price. And in most cases you’re in control of how you want to sell your items.

Private parties are the latest way to cash in on some extra money by attending a party and having your gold jewelry appraised and purchased onsite. However, these types are parties aren’t always the best option since you won’t get nearly as much as you would from some other sources.

Of course as with any company, always do your research. With the sudden high rise in the price of gold, many companies are taking advantage. One of the best ways to find out if a company you want to sell gold to is legit is by checking to see if they are registered with the Better Business Bureau and if they have any complaints on file. It’s always better to be safe than sorry.

Thanks to the government’s financial disaster, many people have been feeling the pinch of not having enough money to cover their bills on a month-to-month basis. A few weeks ago it hit home when my father-in-law announced, “I need to sell my gold today.” They were words I never thought I’d hear him say.

My father-in-law is proud of his coin collection. As a matter of fact, there’s not a visit that goes by when he doesn’t bring out his coins to show them off. So to hear my father-in-law utter those words was practically heartbreaking. Yet, what can you do? When money is needed for food and bills you have to do what you can, just as my father-in-law did.

Of course there are numerous buyers out there who are willing to take your precious metals off of your hands. But, not everyone is willing to give you the cash you need, immediately. That’s almost a rare thing unless you’re willing or actually can find a local dealer.

My father-in-law lives in a small town, so about the only buyers he could find in his area were pawnbrokers and jewelry stores. He ended up having to travel almost 2 hours away to make any sort of decent money from his collection of coins.

If you’ve been thinking about selling your own coin collection or jewelry, your best bet is to stick to the local dealers if you’re looking for fast cash. Internet and television companies who deal in precious metals can take weeks to send you your money and it’s a safe bet they’ll be sending a check, which you’ll want to clear with your bank first. So by the time everything has been cleared, you could be waiting for at least a few weeks, if not longer!

You could try auctioning off your items, but most auction houses require a week’s notice and sometimes longer to advertise your items for the auction. And if you’re considering an Internet auction site, those can take weeks.

If you don’t mind waiting a few days, you might want to consider having a yard sale. As silly as it may sound, you’d be surprised how many dealers are willing to drop by a yard sale to find some great treasures.

If you’ve got gold scraps that you want to get rid of, try asking your local coin shops if they’re buying. If they’re not, they might at least know of a buyer in the area who is. Jewelry stores are also a good resource since some may be willing to buy your old gold scraps and restore them.

And finally, check the classifieds in your local newspaper if you need to sell gold immediately. Often times there are dealers or private individuals looking to buy gold. Just remember to do your research before you accept just any offer!

With the economy going down hill fast, it’s hard to make a decent living and still manage to keep our heads above water. Everything has skyrocketed and many businesses are taking advantage of the financial disaster in more ways than one.

One of the best ways many of us are finding a little financial relief is by buying and selling precious metals. Right now it’s a very popular business and more and more people are learning how to sell gold locally.

Of course there is the question of why just offer your scrap gold to a local buyer only. Why not expand to other areas and make an even bigger profit? The answer is simple. Selling to a local buyer means more of a profit and less of a risk. 

However, before you just jump right out there and offer your gold to anyone, there are a few things you should keep in mind.

For instance, not every gold dealer will want everything you have. Some only deal in specific items. So while you may walk into a coin shop with gold coins, you may or may not be able to sell your gold jewelry or possibly gold bars there. There is also a difference in how pure your gold is. 10k, 18k and 24k each have different values.

Another thing to keep in mind is if you’re selling coins be sure the date on the coin is not worth more than its precious metal content. You may be surprised to learn that the coin is far more valuable for its date of minting.

If you’re just checking for quotes, you should be aware that the quoted price could change in a matter of hours. So if you asked for a quote early in the day and then decide to come back later in the afternoon to sell your gold for that price, you may very well be in for a rude awakening. The standard price of a precious metal is actually set twice a day.

If you’re planning to sell scrap you should remove any other valuables such as jewels before selling. Not only does this make things easier when weighing the items, it’s also extra money in your pocket since you may profit from the jewels as well.

When in doubt on where the best dealers are hidden locally, check your local yellow pages. And don’t forget that places like auction houses and brokerages are a valuable resource when you want to sell gold as well.

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.