Selling gold jewellery for fast cash is a very good idea as it will get you out of money trouble very soon. Probably more than you sell anything else. Even selling car or furniture will not get money so fast as gold jewellery will. While selling gold jewellery, it is very easy to get cheated. So when you are trying to sell something so expensive, it is very important to be cautious.
I’m not a where to sell gold locally, and I am not in the refining business, so I am not trying to sell or promote any one or the other of these services, but like I noted, there are plenty of them out there. I’d just like to offer some advice based on my knowledge and experience with the process.
You may be wondering though how to sell gold for cash if you don’t know the value of your gold pieces. For instance, gold jewelry comes in many forms – the most common of which are earrings, bracelets, necklaces and timepieces. You should avoid selling these for their scrap value because the retail value is higher (hovering at 75% at the most.) Scrap value means the buyer is buying your gold for the value of the metal alone – the retail value allows you to factor in the aesthetic value of your gold pieces so that you can sell gold for cash at a higher price.
As soon as the company got the items, their staff will appraise it to determine current market value. Depending on their policy, the merchant can then deposit due amounts to your bank account a few hours or a few days later.
White gold jewelries are jewelries that you may mistakenly see as sterling silver. The difference is white gold is as precious as gold jewelries. It can be pawned and also have a carat value.
Before you head out and search for places that exchange cash for gold in Toronto, you first have to know what your pieces are worth. Gold items differ in quality as this precious metal also varies in its components. To get better acquainted with the value of your pieces, you can have them assessed by experts, just turn to the item itself. There should be markings, symbols that could tell you whether it’s a 10k, 14k, 18k, or 24k gold if it’s genuine gold.
One option you always have is to use a jeweler. Jeweler are very accessible because there is one or more in every town. The one thing to consider is that a jeweler is used to paying wholesale prices for gold.
With the thousands of dollars you could make your friends due to the record high gold prices, they will love you for it. You have nothing to lose, and only extra spare cash to generate to spend on more important luxury items you will actually use.