How to Sell a Gold Item

Sell Gold Item

In order to sell a gold item, it takes more than just a trip to your local pawn shop to get a great return on your investment. You have to know what you’re selling and whether it’s even worth it to a buyer to invest in.

Sometimes you can find some great guides that show you how to sell gold and there are even online websites such as Squidoo which offer subjects on just about anything you’d want to learn about. You can find guides on hosting a gold selling party and more. And the best part about Squidoo is that it’s free!

Even with a guide however, you’ll still need to know what’s worth selling and what’s not. I had a friend who learned the hard way how un-valuable her jewelry really was when she took it to a pawnshop.

One of the easiest ways that you can tell if your precious metal is indeed real is by looking for the “k” mark engraved somewhere on the item. If you see it, then you’ll know it’s real. If you don’t, then it’s more than likely a gold-plated piece.

Another way to tell if the item is authentic or not is by scratching the surface area with a sharp item. If the surface of the piece in question cracks or flakes, it’s not the real thing. You can also tell just buy wearing the item if possible. If it turns your skin green, it’s probably not real gold.

Another marking that will make all the difference in the world when it comes to the amount you’ll get from your items is a number printed beside the “k” marking that will either be an 8K, 10K, 14K, or 18K. The higher the number the more your piece will be worth.

Of course if you’re still not sure if your valuable item is really all that valuable you could take it to a professional and have it evaluated for a fee. However, if it turns out it isn’t worth much you may find yourself in a worse bind than you started with if you were looking to sell the item for some quick cash.

Once you know what you have to offer buyers and you know it’s worth selling, you’ll want to do your research on the business you’re planning to sell your gold to.

Not every business is going to be willing to buy what you have even if it is real and not everyone will give you the best possible deal for your items. Pawnshops are the best example of this and often the first place people go.

Also, keep in mind that if you do find a business who’s willing to buy what you have to offer and you decide to shop around, don’t be surprised if the quoted price is different when you come back.

Prices for the precious metal are always on the move, whether it’s a drop or a rise and investors are always keeping a close eye on that price. So your deal might not be such a great deal if you wait around to sell your gold item.

Filed Under: Sell Gold

Tags:

RSSComments (0)

Trackback URL

Leave a Reply

You must be logged in to post a comment.