When times are tough and we’re all tightening our belts, it might help your financial situation to sell gold, silver or other precious metal goods that you own. For most folks, this is a much better alternative than selling things you need, like the car or TV, or trying to get yet another part-time job to make ends meet. If you want to sell gold and jewelry, you want to make sure you get the best deal possible. Let’s look at ways to make money on your old jewelry and precious metal goods.
Check the carats: The purity of gold is calculated on the basis of the carats. The price of your gold jewelry will depend on the purity of the metal. The 24 carat gold is considered purest since it contain 99.9 percent gold, and is not mixed with any other metal. Similarly, 22 carats consists of 91 percent gold, and 18 carats consists of 75 percent gold. So the next time you sell your gold, get it tested for its purity before selling. This way you will be confident about the quality and will be in a better position to negotiate.
One of the best ways to make cash for gold is by looking for the right online gold buyers. All you need to do is to request for a gold kit and then you can rush to the nearest postal office to send your gold jewellery. You need to look out for genuine buyers and lenders who can provide you with a good amount of cash. Internet is a sea of opportunities for those who wish to gain money from jewellery. A simple way to get money is by looking for the right lenders who are located near your area.
The first thing you need to know is that these “cash in on your jewelry” outfits will not be paying you a price that is similar to the price you might have paid in a jewelry store. They pay only for the value of the gold metal contained in the jewelry, and they don’t pay for all of that, as they hold back a percentage for their profit. Second, they don’t pay anything for the gemstones in your jewelry, in fact you may not even get the gems back – even if they are diamonds. So if you have nice rings with gemstones, either have the stones removed or sell the whole piece through eBay or some other venue where you can get something for the jewels as well as the gold.
The best source of information is the Better Business Bureau (BBB). Their website is user-friendly and has detailed information on thousands of companies. You will be able to see if a i want to sell my gold for cash has many unresolved complaints. Avoiding bad businesses is crucial to a good selling experience and is also why you should only go with companies that are accredited as well.
I want to discuss the gold party idea as a way to make extra money. There are countless websites that can teach you how to sell gold. A gold party is an event where friends and family bring their unwanted gold jewelry, and you buy it from them. You can then take this gold to your local gold exchange, or sell it on the Internet and turn a profit. There is always a market to sell your gold. Whether you are selling gold coins, or are just getting rid of ugly jewelry, there are lots of websites out there ready and willing to buy your gold.
If your jewelry is being bought for its gold content alone, the buyer will place no value on any stones encased, unless these are diamonds. For this reason it is wise for you to retain these stones, when you sell gold Canada, since it will not add value to the sale anyway.
The host of the party can usually make a 10% commission on all the money collected by the gold buyer. Plus, the host can sell their own jewelry and pocket even more. Hosting a home jewelry party (or attending one) is truly a fun way for anyone to make some quick extra cash.