Gold Selling Private Parties

Gold Selling Private Parties

Sell Gold GuideGold Selling Private Parties are the perfect way to sell gold if you know of a friend hosting one or you’re willing to host one yourself. Not to mention that because they’re not really open to the public, you can pick or choose who you want to extend an invitation to, should you decide to host one.

However, before you send out those invites or accept one, there are a few things you need to keep in mind to assure the party you host or plan to attend is a success.

First of all, you should keep in mind that when you’re selling gold using this method, you will usually only get up to half of the market value that your piece is worth. So while you’re probably going to get more than you would from a pawnshop through gold selling parties, you may get less than you would from a local refiner or jewelry store.

You should also keep in mind that when you’re trying to sell gold jewelry at an event like this, don’t sell a family heirloom, anything worth more than the gold content itself, and don’t leave valuable gems or stones in the piece. What you can do is sell gold scrap, which would include pieces like broken jewelry and anything that isn’t worth much in face value.

However, if you’re thinking about  selling gold coins, by all means, go for it if you know their value is worth far less than the precious metal they’re made from. And if you’re just not sure of their worth, you can take them to a coin dealer or collector who can tell you whether it’s worth trying to sell gold coins at the party or not.

Also, if you’re unfamiliar with how to sell gold in the first place, you may want to consider having an antique appraiser take a look at your pieces before you part with them at a party. Just because your item is made from the precious metal, doesn’t mean it’s worth more than the face value of it.

And if you’re unsure of  where to sell gold at if your piece is worth more than its gold content, start by talking to the person you had your piece appraised with. Chances are if it’s old, they may have an interest in buying the piece or at the very least, know of someone who would be interested.

But, the good news is, if you’re willing to be a host, you don’t have to really worry about selling your gold unless you really want to. And of course you can still make money by commission just from your friends and family who sell what they have. Keep in mind though, that you may need to pay out of pocket expenses for a party kit or appraiser in order to get started. You may also need to pay for any appetizers and drinks that will be served at the party.

And finally, always know what the actual market price is before you attend or host any gold selling private parties. Appraisers aren’t perfect and not all of them are willing to pay top dollar for yours or your friends valuables.

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