If youre looking for an additional source of income, look no further than your jewelry box. Trading cash for gold has been a constant source of money for years, and its not slowing down " even in todays tough economy. Jewelers usually buy many different types of jewelry, from rings to watches, as well as necklaces. Here are some tips to get the most cash for your gold.
First, determine what you want to sell. For some people it may be easier to determine what they dont want to sell " for instance, anything with major emotional attachment is harder to part with. Because most jewelers melt down the gold they buy, its in your best interest to keep what you know cant be replaced and you wouldnt want to lose. It can be hard to decide what you want to sell, so think of it as a spring cleaning exercise. Dont worry too much about workmanship " as mentioned, when its melted down the workmanship means nothing.
Get the gold appraised before you try selling it as well. An appraisal can sometimes mean an initial set back, but can give you a ballpark figure for what to ask for. It will also give you a good figure to judge offers on " youll be able to tell if youre being low-balled. Be weary of appraisals given by someone youre trying to sell the piece to " they may not give you a fair value.
Where can you go to trade in your gold for cash? There are usually a large number of companies in any city, but your best bet is to go through your local yellow pages for jewelers who buy gold. Contact them to find out how they make their offers and how they do their business. You can probably get several different bids for your gold by going through a local directory, so get as many as you can so that you can sell at the highest price.
Keep in mind that you still wont be getting market value for your gold. Gold is measured in 24 karats, while your jewelry is 10-14 karats. They are about 58% gold, which is still a fair amount. Expect at least 90% of the market value for gold, depending on variables such as the weight and size of the piece. If you take some time to find a legitimate jeweler, you can get some serious cash for your gold. - 15252
First, determine what you want to sell. For some people it may be easier to determine what they dont want to sell " for instance, anything with major emotional attachment is harder to part with. Because most jewelers melt down the gold they buy, its in your best interest to keep what you know cant be replaced and you wouldnt want to lose. It can be hard to decide what you want to sell, so think of it as a spring cleaning exercise. Dont worry too much about workmanship " as mentioned, when its melted down the workmanship means nothing.
Get the gold appraised before you try selling it as well. An appraisal can sometimes mean an initial set back, but can give you a ballpark figure for what to ask for. It will also give you a good figure to judge offers on " youll be able to tell if youre being low-balled. Be weary of appraisals given by someone youre trying to sell the piece to " they may not give you a fair value.
Where can you go to trade in your gold for cash? There are usually a large number of companies in any city, but your best bet is to go through your local yellow pages for jewelers who buy gold. Contact them to find out how they make their offers and how they do their business. You can probably get several different bids for your gold by going through a local directory, so get as many as you can so that you can sell at the highest price.
Keep in mind that you still wont be getting market value for your gold. Gold is measured in 24 karats, while your jewelry is 10-14 karats. They are about 58% gold, which is still a fair amount. Expect at least 90% of the market value for gold, depending on variables such as the weight and size of the piece. If you take some time to find a legitimate jeweler, you can get some serious cash for your gold. - 15252
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You can get cash for gold despite how old you might think the precious metal might be.
