Wondering how to sell gold? With the price of gold at an all time many people are turning their old gold jewelry into cash! We have been in the gold buying business for over thirty years! Here are some helpful suggestions to follow to help you make an informed decision.
First decide whether or not you really want to sell your gold. If a piece of jewelry has sentimental value we suggest that instead of selling your gold you get a loan against it. Remember once you sell your jewelry there is no getting it back. However with a loan you always have the option of buying the item back.
Secondly be aware that most precious stones now a days are not precious but rather lab created stones that have little to no value when it comes to selling your jewelry. When selling your jewelry please note that you are getting paid for the weight of your gold and not the retail price paid at a jewelry store or for the stones in your jewelry.
Thirdly, realize that there is a difference between 10k, 14k, 18k, and 22k. The higher the karat of your gold the more cash you will receive. Because gold is a soft metal other metals must be mixed into it in order to make jewelry, 10k gold has the least amount of gold therefore the payout is much more less. Be aware of gold buyers who claim to pay 10k the same as 14k, most likely it is a scam.
For further information we invite you to read our blog Gold Selling Tips were we give you simple ways to find out if a piece of jewelry is real gold.
How to sell gold, is a blog dedicated to helping people receive the most for their gold silver and platinum jewelry.