Selling Gold

People sell gold for all kinds of reasons. Whether its to make quick cash or just to pay bills or even to put cash in your pocket - which means there is a strong market for gold.  So how do you actually go about selling your gold? Well if you have gold jewelry one of the first places you should check out is your local jewelry shop.

There are advertisements everywhere for selling gold - all of them trying to get you to sell gold jewelry to them. Most of these are gold refiners which I spoke about in the last few posts. Online generally isn’t the best place to find jewelers to sell you precious jewelry to. Your local yellow pages is almost always the best place to find local jewelry stores. Jewelry shops will buy your broken or old or even antique jewelry for partial retail value. Sometime they will base the price solely on the gold content like many gold refiners but that is if the piece is not valuable. The best way to find out if your gold jewelry has any value is to shop around at different stores to get the piece appraise.

If you want to get a good price for your piece or pieces of jewelry you need to understand how the gold of your jewelry is valued. Karats are what determines how much gold is in a said item. 24 karats would be pure gold and anything under that is less gold and more alloys and hardening agents. The gold content of your piece is probably inscribed on it somewhere in karats. Rings will usually have them on the inside of the band somewhere and bracelets the same.

Antique or well crafted pieces of jewelry are usually the best items to sell to jewelers as they are more likely to give you the better price. Everyone else only looks at the gold content of the item and does not cosider the retail vaule. This is because refiners just smelt down all the pieces but jewelers can resell your piece without modification generally.