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Gold Selling Parties For Fun and Profit

Gold Selling Parties

Gold selling parties are a great way for stay-at-home moms to earn an extra income during these hard times. And while it may not give you a steady income, just like an Avon event or Tupperware party, it can provide you with a little extra cash when you need it the most.

Hosting a gold selling party is pretty simple, although there are a few things you will want to keep in mind should you decide to throw one.

First and foremost, if you’re not fond of having strangers in your home or you just don’t have a lot of room, you may want to host the event somewhere away from your home if it’s possible.

But, keep in mind that you could be paying a lot of out of pocket expense if you need to rent a place, which may not be worth if you don’t make enough of a profit from selling your gold.

Second, if you have children, you’ll want to find a babysitter for the party. While hosting a gold selling party can be enjoyable, it should always be treated like a business and not a place where little ones are running around needing your constant attention and care.

Third, you don’t have to sell gold of your own just to host a party. You can probably gather enough friends and family to sell their own old or broken gold jewelry unless you happen to live in a small community where it may be a little difficult to find enough people who are willing to part with their old gold for some cash.

So if you’re still game for hosting a gold party, you’ll want to contact a company who provides services and kits for these types of events.

Just be sure the kit you order contains a weight scale since it will be vital for determining the weight of your gold pieces. And depending on the kit you order, you can even get a guideline for hosting your party.

Or if you don’t want to host a party entirely, you can look for a company who offers full services, so all that you have to do is provide your guests with an invitation, and serve food and drinks.

If you do decide to hire a full service company, an appraiser will most likely be provided instead of a kit. The appraiser will weigh any items offered by the guests that contain the precious metal and then purchase them right there on the spot.

This is usually a better option for stay-at-home moms who don’t want to spend a lot of out of pocket expenses for hosting a party.

Remember, gold selling parties should be fun, but they should also be a little serious. You do want your guests to enjoy themselves, but you want them to get the best possible price for their gold items so they’ll keep you in mind for your next event!

And don’t forget, you don’t have to just play host at one. Why not attend a party yourself and leave the details to someone else.

Where to Sell Scrap Gold

Where to Sell Scrap Gold

Not sure where to sell scrap gold besides a pawnbroker? Don’t worry, there are several businesses who are willing to take those old pieces of gold jewelry and odds n’ ends off your hands that will give you a better price than your local pawnshop. Here are a few places to keep in mind.

A jewelry store can be an excellent source for broken gold jewelry pieces as long as they’re not in need of major restoration. However, not every jeweler works in the same way, so it never hurts to ask what they will and won’t take when it comes to old gold jewelry.

If you wouldn’t mind playing hostess or know of someone else who wouldn’t mind, a gold selling party could be the perfect opportunity for you to sell gold and even make some extra income doing it.

Keep in mind however that there may be out of pocket expenses involved if you decide to host one unless you can get a local business  such as a coin dealer or jewelry store to sponsor you. You also need to keep in mind that you may have people you don’t even know will be in your home.

Of course if hosting a gold party just isn’t your cup of tea, you can always sell your gold at one instead. Just be sure you remove any gemstones or other materials that are not made of the precious metal, since you won’t get any extra money from the gold buyer for them. Otherwise, the buyer will just remove it himself and cash it in for profit which is a big loss to you.

Another place you can sell scrap gold is through a refiner. Refiners are wonderful because you cut out the middleman all together, which means more profit for you! However, if you’re going to consider using a refiner you must have a lot of gold to sell or they won’t even consider buying from you.

One of the easiest ways to work around this problem if you don’t have a ton to get rid of is buy talking to friends and family about gathering their own items to add to the deal. Then once the check is cut, you can give everyone their fair share of the cash.

Online businesses and even television commercials who deal in buying and selling unwanted gold can be an excellent way to sell your scrap gold if you don’t like the idea of dealing with gold buyers face to face and don’t mind sending your items through the mail. Just be sure to make copies of everything, that way you’re covered if there’s ever a problem.

One thing you should always keep in mind even when you’re trying to decide where to sell scrap gold to and that is whether or not that item you’re trying to get rid of is a family heirloom or of sentimental value.

Businesses that purchace scrap gold don’t keep the items lying around. Instead they take those items to a refiner who melts them down for resale. So once your item is gone, it’s gone for good!