Selling gold can often be a challenging task if you don't trade gold or gold jewellery very often. You must know that the simplest way to sell gold and get exactly what you require, at a great price, is to understand the primary ingredients of trading gold jewelry. There are many diverse factors when it comes to finding the best price but there are just a few essential concepts that you must understand first of all.
The first thing you have to understand in order to sell gold is how much gold is in your piece. You can find this out by use of karats. These karats can range from twenty-four (pure gold) all the way down to one (less than four percent). The reason it can be so low is that hardening agents like nickle, zinc, or some other metal are added during the smelting procedure to harden it up. Otherwise gold is a extremely soft metal that is worn down quickly. You should be able to find out what karat-age your gold is by a impression somewhere on the piece.
Another important thing you have to know is how much your gold weighs or gram weight as it is called. The more weight your piece has, the more it is worth. You do have to take into consideration though the karats of the piece. What this means is that a heavier piece will be worth much more than a slim piece even though they have the same carat-age.
The craftsmanship and design of your gold jewelry is another thing to consider when dealing with gold. It can have a big impact on the price you receive if you decide to sell to a jeweler or pawnshop instead of a gold refiner. There is almost no question that antique handmade jewelry is of higher quality than machine made, so you can generally get more cash for that type.
The price of your jewelry is one of the closing factors. As noted above, well crafted jewelry fetches a better price generally but if it is not valuable as determined by its craftsmanship than its gold content comes into play. If that is the case with your jewellery than you should sell to a gold refiner who will pay you based on how much gold is in your piece which you figured out before.
So if you adopt all of these points, you should be able to sell gold jewellery rather well. But of course you invariably need to do your own inquiries into each and every jeweller and jewelry store. You might even look at pawnshops. That is really the only way that you can buy and sell gold jewellery safely.
The first thing you have to understand in order to sell gold is how much gold is in your piece. You can find this out by use of karats. These karats can range from twenty-four (pure gold) all the way down to one (less than four percent). The reason it can be so low is that hardening agents like nickle, zinc, or some other metal are added during the smelting procedure to harden it up. Otherwise gold is a extremely soft metal that is worn down quickly. You should be able to find out what karat-age your gold is by a impression somewhere on the piece.
Another important thing you have to know is how much your gold weighs or gram weight as it is called. The more weight your piece has, the more it is worth. You do have to take into consideration though the karats of the piece. What this means is that a heavier piece will be worth much more than a slim piece even though they have the same carat-age.
The craftsmanship and design of your gold jewelry is another thing to consider when dealing with gold. It can have a big impact on the price you receive if you decide to sell to a jeweler or pawnshop instead of a gold refiner. There is almost no question that antique handmade jewelry is of higher quality than machine made, so you can generally get more cash for that type.
The price of your jewelry is one of the closing factors. As noted above, well crafted jewelry fetches a better price generally but if it is not valuable as determined by its craftsmanship than its gold content comes into play. If that is the case with your jewellery than you should sell to a gold refiner who will pay you based on how much gold is in your piece which you figured out before.
So if you adopt all of these points, you should be able to sell gold jewellery rather well. But of course you invariably need to do your own inquiries into each and every jeweller and jewelry store. You might even look at pawnshops. That is really the only way that you can buy and sell gold jewellery safely.
About the Author:
Zack writes about gold and gold related news on his site where he teaches people to find your gold's value and how to avoid cash for gold scams. If you would like to learn more about the art of selling gold please visit his site.
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