The price of gold is near an all-time high, and many people are wondering if it’s time to sell selling old gold jewelry jewelry that’s been languishing in their jewelry boxes. Only you can decide if the time is right for you, but there are several reasons to sell your jewelry that you should keep in mind.
Don’t restrict yourself to just one spot. That includes both face-to-face and online. Odds are there are tons of cash for gold locations in your town just waiting to offer you some cold hard cash for your gold. So it’s essential that you know you don’t need to sell to the first company. One more thing you can do to get the most amount of money is to mention that you are considering selling your gold online instead of to a local company. Between working all of them against one another and against the internet potential, they may be happy to give you top dollar for your gold. But it’s important to know that you can always walk away and return later, so be sure to get a number of quotes.
BEST: Individuals usually pay the highest. They don’t have the overhead of the above two choices so they can afford to pay more AND they will come to you. Try to get the TV or pawn shops to do that!
Is important that you find the right buyer will provide you with cash for gold. To do this, you may have some energy, take some time. Do not rush a decision. Attempt to assess the overall situation before choosing a i want to sell my gold for cash.
If you prefer to sell gold coins locally, you can work with a coin dealer in your area. Some of them will take your coins on commission. The downside to this arrangement is that neither of you make any money until the coin is actually sold. The up side is that the dealer can take the time to contact potentially interested parties and hold out for a good price.
The second thing, when you want to know how to sell gold jewelry for cash, is where to sell your gold. You can find various pawn shops and jewelry shops where you can sell your gold. However, both parties are middle man in this purchase. Therefore, they can offer you limited cash for the sake of their own profit. At jewelry shop, you can only receive good price of your jewelry if it is in perfect shape otherwise you will only get price of scrap.
For most gold jewelry the value is in the precious metal content of the item – generally the weight of the piece multiplied by current gold prices. However, some pieces may have a higher value if it is a signature piece (i.e. a “signed” piece by Cartier or Tiffany & Co.), contains diamonds, or is a collector’s item.
Knowing how to sell gold jewelry is only part of answer, you still need to know exactly where to sell gold jewelry in order to get the most amount of money for your gold.