Want To Get Cash For Your Gold Jewelry? Use These Tips

14 July 2017
 Categories: Shopping, Blog

Whether you need to pay a bill or want to purchase something new for yourself, selling your old gold jewelry is one way to get the funds you need. If you aren't in the habit of selling, it's smart to consider these points so that you can get the most cash for your gold:

Sell Separately

Rather than selling off all the jewelry at once, it can often be smarter to go by individual piece instead. Some pieces are worth more due to their designer, while others are worth more because of their appearance. When you sell a group of pieces, you could be getting a lower price based only on their weight; you could end up losing money on certain pieces if you're not careful.

Know The Ounce Price

To get a basement price for what you could be offered when you're selling off your pieces, you'll have to have an understanding of what just one ounce of plain gold is selling on the markets for. Commodities markets are open every business day, so you can do an online search that informs you about what that price is. Knowing this price will help you avoid selling your jewelry for less than plain gold.

Get Appraisals

If you want to be absolutely sure that you don't miss out on all the cash you should be getting for each piece, you may want to visit a jewelry appraiser for a professional opinion. Once a piece is appraised, you can ask for an appraisal certificate. Know that you may not be able to get as much for the piece as it is appraised for, as market conditions can change so quickly, but you will have a ballpark idea of what to accept. Not only that, but the appraisal certificate assures your buyer that they're making a good investment.

Shop Around

If you're eager to have some cash in your hands, it's possible that you'll head to the nearest pawn shop and attempt to sell your gold there. However, due to different factors, some shops can offer a bit more or less for your pieces; for that reason, it's wise to consult a few stores before accepting a particular offer.

This information can help you prevent mistakes when you've got gold jewelry to sell. Sharpen your selling skills with local pawn shops and gold buyers who can take the gold off your hands and give you the cash you want or need.

Contact a cash for gold company for more information and assistance.