Gold Selling Tips By The Gold Exchange Pawn Shop
Get Cash For Gas – It’s no secret, with the price of gold at an all time high now is the perfect time to turn your old gold into cash! Many people have sold their gold and received a high cash payout for their jewelry. Here are a few tips to follow before you go out and sell your gold!
- Examine your jewelry, verify the hallmark typically found on the inside of rings, or on the clasp of necklaces and bracelets. Check to see if your jewelry is stamped 10k or 417, 14k or 585, 18k or 750. This will make a big difference on your payout because you will receive more money for a piece that is 18k versus 10k. Higher Karat= Higher Gold Purity= More Cash!
- Make sure your jewelry is gold! Typically jewelry that has a hallmark “GF” means the item is gold filled, meaning it is not a solid gold piece. Most cash for gold places will not buy this type of jewelry.
- Go to a trusted reputable gold buyer! Check to see if the company you are selling your gold to is licensed to buy gold and has a good standing in the community. Beware of fly by night operations, or those individuals going door to door soliciting to buy gold.
- Please note just because the piece is hallmarked as “14k” gold does not mean it is”14k gold”! There is a lot of counterfeit jewelry being sold on the streets.