How to Sell Gold Jewellry for Cash
Editor | Mar 23, 2010 | Comments 0
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.
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Filed Under: Gold Jewelry
