RSSAll Entries Tagged With: "old gold"

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 Gold – Three Places to Sell Your Gold for Cash

Where to Sell Gold

sell goldDo you know where to sell gold for extra cash? You should find out because gold is a hot seller right now. That old gold jewelry cluttering your jewelry box is worth money.

Selling scrap gold is a great way to pad your pockets. Gold is always in demand. Even when the economy is not doing well, you can make money by selling unwanted gold. There’s always someone willing and able to buy what you have.

This is great news, but there’s a catch. You have to shop around for the best deal. Some gold buyers will not offer you a fair price. They might try to cheat you out of what you really deserve. That’s why you need a list of places to sell your gold. As long as you have options, you can get multiple price quotes.

Here’s a list to get you started.

1. Local Pawn Shop. The pawn shop is the first place most people go when they want to sell gold. It’s certainly the best place to go if you’re desperate for quick money.

The downside is the pawn shop owner will try to pay you as little as possible. The owner needs to turn a profit. And that means getting your gold for the smallest price possible.

Get your gold appraised before going to the pawn shop. An appraiser can give you an idea about the worth of your gold. You might even get lucky and have the appraiser offer to buy from you. Another thing to realize is the appraisal value almost has nothing to do with what you’ll actually get.

Pawn shops do not buy items at appraisal value. You could go in with a bracelet that’s worth $1500. The pawn shop owner definitely will not pay you that much. As mentioned earlier, the pawn shop has to make a profit. The owner has to buy the bracelet for less so they can sell it for more.

You should only sell to a pawn shop when you need the money immediately. You won’t get full value, but you will walk out of the store with cash in your pocket.

2. Online Auction. Online auction sites such as eBay provide a venue for selling unwanted gold. Before putting your goods up for auction, you need to get it appraised. Take the appraisal value into account when posting your auction.

eBay allows you to set a reserve price. A reserve price is the lowest amount you’re willing to accept. Consider the $1500 bracelet from the first example.

You could put the bracelet up for auction, and set the reserve at $1500.  That means you will not accept anything less than that amount. However, bidders can still bid the price up beyond what you’re asking.

Getting More Information

Finding out where to sell gold locally is as easy as going online or picking up your phone book. You might also want to check into one of those companies that purchase gold through the mail. Whatever you decide, make sure you’re dealing with a reputable business.