Where To Sell Gold Jewelry

The optimal pieces to sell in this manner are the ones that possess no resale worth as jewelry, like hand-me-down class rings (pop off the gemstone), used simple wedding rings from an ex-spouse, or tossed out dental gold fillings.

There may be some number valuable pieces at the nethermost region of your jewelry boxes and drawers. Perhaps you forgot you possess them! A unmatched earring, busted chain, or even old sterling silver flatware.

Will your trading scrap gold work a worthwhile way to spend your time? To calculate how much your pieces are worth, without giving an appraiser $50 to $200 per hour, use these rules of thumb about gold prices:

First, search for the karat stamp of your jewellry. And Then, go to goldprice.org to find out today’s monetary value for a troy ounce (31.1 grams) of 24 karat pure gold. If your item is less than 24 karat, discount it accordingly. 18 karat is priced at 75%, 14 karat is valued at 58.3%, 10 karat is 41.7%.

Now take off 10-20% for the refinement costs, plus any net profit the middleman buyer needs from reselling it.

To present to you a general idea: when gold values were of late at their all time historical high of $1,160 an ounce, you might have gotten roughly $85 for a 14K wedding band.

How can you find a scrap gold buyer who is not only trusted, but will present you the top price for your gold or other precious metals?

Some persons will not think over where to trade jewelry much, and will only drive to the closest pawn shop to find out how much cash they can take in when they’re concerned with trading scrap gold.

Or they may respond to a Television or newspaper advertisement from a local jeweler or national gold buying company.

Since gold values are at a record breaking high, and the number of people who desire to take in cash speedily is increasing every day, various companies have appeared to attempt to cash in on this trend. Some of these companies take advantage of the normal person’s ignorance of the actual worth of their gold.

Irrespective of who you sell your scrap gold to, it has to end up with a precious metal refiner. They own the equipment and licenses to purify the gold and reprocess it into gold bars fit for industrialized use.

Thus to take in the most cash, it’s advisable to cut out the pawn shop or different broker, and trade directly with a reliable refinery. They are not in the jewelry business or a go-between.

You can request that they send out to you a postage paid, insured envelope that you can track on-line when you mail it. Be sure to fill in your thorough description of what you’re sending. Photocopy your description, and snap a photograph of the jewelry you’re shipping. Don’t forget to remove jewels and any non-gold pieces that are of value to you.

The company uses non-damaging exams to assign the day’s market price of your jewelry.

The most trustworthy companies telephone you with their offer first, and if you accept their price send you a check or direct deposit your funds right away. If you’re not in agreement with the offer, they will return ship (insured) your jewellry at their expense.