Why Would You Want To Sell Your Gold Jewelry Anyway?
Perhaps you have a ring which no longer holds any value to you. That ring may hold enough value to someone else that they will be willing to buy it for a nice price. Perhaps it was gifted to you by an ex who you discovered had a penchant for shoplifting. Maybe the jewelry is hideous reminding you of a time when you had questionable fashion sense. However, selling your gold and diamonds for cash can be hard if you want to try to get even a decent proportion of the money you paid for the jewelry back. But if you are tight on money, then selling your gold can get you on the path to meet your goals. Get rid of that outdated, ugly, or broken jewelry you will never wear.
There are a few common ways to sell your gold. Typically, selling your gold is done through a gold broker, pawn shop, jeweler, or a home gold selling party. Selling your gold at a home with friends and family is much more social than just selling it in jewelry store or pawn shop. However there is one caution, not all home parties pay the same, it is always best to get some competitive offers from several people prior to selling your gold to assure you the best price. Remember that it's up to you if you want to collect dust on your jewelry and left it in a drawer, forgotten and unused. I'd rather turn my old gold jewelry into Cash.
How is The Gold You Have For Sale Valued?
First, some basics on Gold as a precious metal. Gold is priced per troy ounce, which is slightly different but close to the ounces on a postal scale that you may have around the house. There are 20 pennyweights (dwt) per ounce and since most jewelry items weigh a fraction of an ounce, most dealers and buyers use the pennyweight as the comparison unit. Gold can close one day at $900 and by noon the next day be at $870 or $960. That price is for pure or 24 karat gold per troy Ounce.
Prices in the past few weeks in 2009 fluctuated between $970 and $940 an ounce. Gold is called a crisis metal because the price rises in a bad economy. If the price for gold goes up a lot, you should sell a bigger amount.
Remember that mixed gold (less than 24 carat) will fetch proportionately less. To paraphrase, you can't sell a nine K gold necklace for a corresponding price as a twenty-four K gold necklace. Remember pure gold is soft, pliable, and cannot be made into jewelry on its own. Alloys are mixed with the gold to make it into jewelry.
Tips To Making Your Gold Selling Safer and Profitable
Keep in mind that buyers of your gold will not pay you the full price for gold on the day you sell it. They will demand a discount, sometimes called a premium. Check with the company where you plan to sell your gold. Find out what the refund/return policy is if you change your mind. Check their return policy. Most companies proudly claim to offer money back guarantees on your satisfaction, but they fail to mention that in most cases you will be required to pay for any shipping and handling fees involved in getting your gold jewelry back. Check out the buyer. Is the buyer licensed to buy gold in your city and state? Buyers should be properly accredited and licensed. You want to check this -- especially with mail order companies that you see advertised on TV and in mailers.
Recommended
There is a company that provides a free gold sellers kit. You simply fill out some basic information in an online form, and they will mail you the kit for free. The author has used the free gold sellers kit, and highly recommends it prior to selling any of your gold. Check the authors resource area for more information.
Perhaps you have a ring which no longer holds any value to you. That ring may hold enough value to someone else that they will be willing to buy it for a nice price. Perhaps it was gifted to you by an ex who you discovered had a penchant for shoplifting. Maybe the jewelry is hideous reminding you of a time when you had questionable fashion sense. However, selling your gold and diamonds for cash can be hard if you want to try to get even a decent proportion of the money you paid for the jewelry back. But if you are tight on money, then selling your gold can get you on the path to meet your goals. Get rid of that outdated, ugly, or broken jewelry you will never wear.
There are a few common ways to sell your gold. Typically, selling your gold is done through a gold broker, pawn shop, jeweler, or a home gold selling party. Selling your gold at a home with friends and family is much more social than just selling it in jewelry store or pawn shop. However there is one caution, not all home parties pay the same, it is always best to get some competitive offers from several people prior to selling your gold to assure you the best price. Remember that it's up to you if you want to collect dust on your jewelry and left it in a drawer, forgotten and unused. I'd rather turn my old gold jewelry into Cash.
How is The Gold You Have For Sale Valued?
First, some basics on Gold as a precious metal. Gold is priced per troy ounce, which is slightly different but close to the ounces on a postal scale that you may have around the house. There are 20 pennyweights (dwt) per ounce and since most jewelry items weigh a fraction of an ounce, most dealers and buyers use the pennyweight as the comparison unit. Gold can close one day at $900 and by noon the next day be at $870 or $960. That price is for pure or 24 karat gold per troy Ounce.
Prices in the past few weeks in 2009 fluctuated between $970 and $940 an ounce. Gold is called a crisis metal because the price rises in a bad economy. If the price for gold goes up a lot, you should sell a bigger amount.
Remember that mixed gold (less than 24 carat) will fetch proportionately less. To paraphrase, you can't sell a nine K gold necklace for a corresponding price as a twenty-four K gold necklace. Remember pure gold is soft, pliable, and cannot be made into jewelry on its own. Alloys are mixed with the gold to make it into jewelry.
Tips To Making Your Gold Selling Safer and Profitable
Keep in mind that buyers of your gold will not pay you the full price for gold on the day you sell it. They will demand a discount, sometimes called a premium. Check with the company where you plan to sell your gold. Find out what the refund/return policy is if you change your mind. Check their return policy. Most companies proudly claim to offer money back guarantees on your satisfaction, but they fail to mention that in most cases you will be required to pay for any shipping and handling fees involved in getting your gold jewelry back. Check out the buyer. Is the buyer licensed to buy gold in your city and state? Buyers should be properly accredited and licensed. You want to check this -- especially with mail order companies that you see advertised on TV and in mailers.
Recommended
There is a company that provides a free gold sellers kit. You simply fill out some basic information in an online form, and they will mail you the kit for free. The author has used the free gold sellers kit, and highly recommends it prior to selling any of your gold. Check the authors resource area for more information.
About the Author:
There is a online company that provides a free gold sellers kit. You simply fill out some basic information in an online form, and they will mail you the kit for free. Please Click Here for Your Free Gold Sellers Kit
No comments:
Post a Comment