It is easy to get overwhelmed as a first time seller of gold. There are tons of different buyers all competing to get you to sell to them. This can make it quite difficult to make any decision even for experienced sellers. In the following article I will explain how you can calculate how much your gold is worth and how to sell it to a legitimate buyer.
One of the first things you should know if you want to sell gold is how to figure out how much your gold is worth. To do this you need to know how much gold is in your piece of jewellery. You can find this out generally with a stamp or imprint somewhere on the item. For Instance in rings it is usually found on the interior of the band. The amount of carats can range from twenty four down to one.
Another important thing you have to know is how much your gold weighs or gram weight as it is called. The more gram weight your piece has, the more it is worth. You do have to take into consideration though the karats of the piece. What this means is that a thicker piece will be worth much more than a thin piece even though they have the same caratage.
The craftmanship and design of your gold jewellery is another thing to consider when dealing with gold. It can have a huge impact on the price you get if you decide to sell to a jeweler or pawnshop instead of a gold refiner. There is almost no question that antiquated handmade jewellery is of higher quality than machine made, so you can generally get more cash for that type.
The final component and probably one of the most noteworthy is the monetary value of the item. Just understanding the things mentioned above will help you work out a good price with the jeweler. You can find many discounts around you just have to be willing to look. Simply make sure before you even go out and begin looking that you have a clear picture in your mind of what exactly you want. Visualize the karats, weight, design and craftsmanship that you desire beforehand. That way when you go out will already know your budget and what precisely you are looking for.
Just follow the advice numbered above and you will be well on your way to selling your gold jewelry safely. All you have to do is do your own research into all the diverse options you have like gold refiners or jewelers and then figure out your gold's value. If you do all that you can get top dollar for your gold.
Monday, August 31, 2009
Friday, June 19, 2009
How To Not Get Ripped Off Selling Gold
Although many people need extra cash in these times, not many know ways they can get it without working themselves to death or doing something illegal. The truth is there are many different easier ways to accomplish this and selling gold is one of them. It is easier than you might think if you know who and where to sell to.
Research is the key to selling gold efficiently and safely. If you don't know about the company then getting ripped off is a big risk. This guy explains perfectly how to sell gold without getting ripped off. If you need more in depth analysis, let me know and I'll be more than happy to help.
Research is the key to selling gold efficiently and safely. If you don't know about the company then getting ripped off is a big risk. This guy explains perfectly how to sell gold without getting ripped off. If you need more in depth analysis, let me know and I'll be more than happy to help.
Wednesday, May 6, 2009
Where To Sell Gold Online
Many people are looking to sell gold now that the economy is a wreck and the are looking online for information. Well selling gold online is simple but you need to understand what it entails.
Most online gold buyers will have you send in your gold in an envelope to their shop where they will make you an offer and you can accept or not. Well don't take their first offer - it will be lower then what it's actually worth. In fact if you really want to get the most for your gold you should get it appraised first.
Most online gold buyers will have you send in your gold in an envelope to their shop where they will make you an offer and you can accept or not. Well don't take their first offer - it will be lower then what it's actually worth. In fact if you really want to get the most for your gold you should get it appraised first.
Sell Gold Coins
Many people have collections of gold coins and its actually a pretty good investment. Gold value is on the rise the price of these collections will rise too. If you need cash you might think about selling that collection.
Many places will buy your gold coins but you need to find the right place to sell gold coins to. Places like pawnshops and gold dealers will buy it but only for the gold content's value. If you have a rare or antique collection you will want to sell to another collector via eBay or newspaper ads.
Many places will buy your gold coins but you need to find the right place to sell gold coins to. Places like pawnshops and gold dealers will buy it but only for the gold content's value. If you have a rare or antique collection you will want to sell to another collector via eBay or newspaper ads.
Where Can You Sell Gold?
I had some people ask me this question recently and wanted to let everyone know the best places to go to sell your gold. When I sold my gold I did so at my local pawnshop but there are plenty of other places to sell to like:
Jewelry Stores - If you have an antique piece of jewelry or one that looks great still this is one of the better options to sell to. They can buy for more then gold content in the piece.
Scrap Gold Dealers - If you have broken or mismatched jewelry these guys will buy your gold. They sell to the gold refiners that smelt it down and its remade into other things.
Gold Refiners - These guys will buy any of your gold for the gold value of the gold content. If you can find one that will let you sell direct you should go with them.
Jewelry Stores - If you have an antique piece of jewelry or one that looks great still this is one of the better options to sell to. They can buy for more then gold content in the piece.
Scrap Gold Dealers - If you have broken or mismatched jewelry these guys will buy your gold. They sell to the gold refiners that smelt it down and its remade into other things.
Gold Refiners - These guys will buy any of your gold for the gold value of the gold content. If you can find one that will let you sell direct you should go with them.
Monday, April 13, 2009
Sell Gold for Profit
Everyone is looking to make a little extra money because of the recession. With gold being valued at over $900 an ounce people are in the market to sell gold more then ever. So that can mean big profits for you. If you have any gold jewelry, gold coins, gold bars, or even scrap gold now is the time to sell if you need cash.
I know I needed some cash and that's why I sold all my gold jewelry last month. I had some gold chains and a class ring and got a pretty tidy some of cash. I went to my local pawnshop and they bought it right away.
I know I needed some cash and that's why I sold all my gold jewelry last month. I had some gold chains and a class ring and got a pretty tidy some of cash. I went to my local pawnshop and they bought it right away.
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