Advice For Selling Your Gold Jewelry
Before you sell your gold jewelry, follow these tips to make sure you are getting back in cash is worth parting from your treasured jewelry that are sentimental & you cherish the most.
Don’t be impulsive
Thoroughly evaluate every piece of jewelry that you are going to sell. Most pieces of gold jewelry have an emotional value that may be sentimental to detach from. Ideal pieces of gold jewelry to sell are broken items, earrings with a missing pair, or outdated items with no emotional attachment.
Receive an Appraisal
Have antique or intricate jewelry appraised before selling it to a buyer that pays only by weight. Designer or antique jewelry could be worth more to sell as a finished piece than for its gold metal.
Know What You Have
Gold jewelry is rarely made from pure gold. Most jewelry in the United States is 10-, 14- or 18-karat gold is made with gold and other alloys. Just keep in mind you will only get paid for the parts that are pure gold.
Keep Options Open
Get quotes from multiple companies before you settle on a buyer. The offers you receive may vary significantly depending on where you sell it.
Always Protect Yourself First
Always protect yourself and your jewelry first. Before leaving your jewelry with – or sending your jewelry to – a potential buyer (document and photograph the pieces.) Be sure to check the company’s Return & Exchange Policy in the event of a loss. If value is significant, we recommend to get an appraisal first!
Know the Value of Gold
Keep up with the prices of gold at Kitco.com. The price listed will NOT be the price you will get for your jewelry. The price on Kitco.com will simply give you a reference point when comparing multiple offers.
Selling gold jewelry usually does not make you filthy rich, but it will put some extra dollars in your pocket. Remember that you will only be getting paid for the amount of PURE gold in your jewelry, minus additional fees the company has to charge for refining.