How to Sell Gold Jewelry – Just the Facts

How to Sell Gold Jewelry

sell gold jewelryLearning 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 gold, 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.

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