How to Sell Gold Jewellry for Cash

Sell Gold Jewellry

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 gold jewellry 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 price.

Sell pristine gold jewellry 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 gold 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 damaged gold 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.

How to Have a Gold Selling Party

How to Have a Gold Selling Party

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 gold party 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.