You probably see commercials urging you that now is the best time to buy and sell gold at “cash for gold” shops around the country. And while this is true, you shouldn’t jump right in to the world of selling gold, as there are many facets to this industry that you should be aware of before you sell your gold.
This article should serve as a great starting point to helping you learn how to sell gold jewelry!
Here are the top four things you should know before you sell gold jewelry:
1. It’s lucrative to sell gold jewelry: When you sell your gold jewelry, you can receive as much as 70% of the gold’s market value from a buyer. These rates make earning a significant profit from your valuables easier than ever, as the market value of gold is currently more than $1,000 per ounce.
2. You can sell gold jewelry that is broken or missing pieces: Gold buyers accept jewelry in any condition — as long as it can be melted down and turned into another gold item, it can be bought. You can sell gold jewelry that’s old and collecting dust and turn it into cash you can use.
3. Not all gold buyers are equal: The gold industry is, as stated before, highly lucrative — which has caused a rise in the number of less-than-reputable gold buyers out there. Before you sell gold jewelry to just any buyer, make sure to do thorough research on their business practices. The Better Business Bureau’s website is a great resource!
4. You should shop around: You don’t have to sell gold jewelry to the first gold buyer you visit. In fact, it is generally recommended that you bring your items to several different buyers and have them appraise it. This will allow you to choose the best offer and get the most money for your gold. More on this.
