Tuesday, May 21, 2024

How To Sell Used Gold Jewelry

Don't Miss

Where To Sell Your Jewelry For The Most Money: Reviews Of The Best Jewelry Buyers In 2021

How To Sell Gold Jewelry

Some links below are from our sponsors. Here’s how we make money.

Thinking of selling old jewelry? If youre thinking about selling your old or unwanted jewelry for cash, its important to find a buyer that you trust wont rip you off.

Below is an overview for selling jewelry and also a look at the best ways to sell jewelry, including our top recommendations when it comes to selling your jewelry online:

  • CashforGoldUSA is a professional jewelry buyer I recommend for selling gold, diamond, silver and other jewelry that is worth less than $1,000. Pays within 24 hours. This can include gold chain necklaces and bracelets, small diamonds of .5 carats or less, gold wedding bands and more.
  • Worthy is a jewelry marketplace specializing in diamonds and works with items that will sell for $1,000 or more. Diamond engagement rings of at least .5 carats and of good quality typically sell for at least $1,000, as well as branded fine jewelry like Tiffany and Cartier.

From past research Ive done as a business journalist on selling gold and jewelry, I know mail-in gold buyers like these can be a good deal.

  • eBay, Etsy, TheRealReal, Facebook, among other online marketplaces
  • Professional jewelry buyers online

Of all of these methods, youre likely to get the most cash for jewelry by using an online jewelry buyer.

Check Out Us Gold Buyers

If youre looking to sell used jewelry online, check out U.S. Gold Buyers. They help people who are looking to sell gold for cash in person and online.

U.S Gold Buyers pays about 98% of your golds value. You dont have to worry about losing a huge percentage of what your used gold is worth. The other great thing is online companies like U.S. Gold Buyers send you a pre-paid package so you can deliver your gold to them.

Good to Know:

U.S. Gold Buyers will insure the jewelry so if anything happens to it you wont be out your money.

Online companies also put very detailed information on their site about what they pay for gold. There are value charts that go by weight and type of jewelry.

When Should I Sell My Gold Is Selling Gold For Cash Worth It

If you have to ask yes, sell your gold! Again, it is better to have cash that you very much need now to pay essential bills like rent, a car note, or utilities instead of gold coins, gold jewelry, bullion or scrap sitting in a drawer, or safety deposit box.

It can also make sense to sell gold for other investments, including stock funds in a retirement account, in real estate, or even education or a new business.

Recommended Reading: Kay Jewelers Ring 19.99

Use A Cash For Gold Calculator

Its always a good idea to use a cash for gold calculator to see what your gold is worth.

They have software that was created by the National Gold Market. You can get real time prices for gold, silver and platinum.

Just select the karat of your gold and weight. Itll tell you to the penny what your gold is worth.

Pro Tip:

This is a good tool to use when youre getting your quotes. If a buyer is undercutting you, move on.

We Make Clients Happy By Offering Top Dollar For Gold Jewelry

Sell Gold

Where you sell your gold jewelry can mean the difference in getting a little cash, or getting top dollar for your precious metals. Gold, like platinum, is a rare metal, so it has great value. Even though the market is always changing, at Southwest Jewelry Buyers, we have a reputation for paying the highest prices for gold jewelry in the Valley, anytime you bring us items you want to sell.

Read Also: Safely Buy Wow Gold

How Can I Tell If Gold Is Real

Before you try to sell your gold, youll want to know if your gold is real. If youre expecting a payday from selling gold, only to find that you dont have actual gold to sell, youll be sorely disappointed.

There are a few ways to determine whether your gold is real or fake.

One is to look for . Often, real gold jewelry is marked with its purity, usually on its clasps or the inner part of rings. It will be a number between 1 and 999 or 0K and 24K.

As a bonus, these markings indicate the purity of the gold, from 0 to 99.9%, or 0 karats to 24 karats.

These markings may be accompanied by a GF, GP, or GEP, standing for Gold Filled, Gold Plated, or Gold Electroplate respectively.

Another method is to see if yourgold floats. Authentic gold is quite heavy, so it will quickly sink in a bowl of water. If it floats, it is an imitation or fake gold.

Real gold is not magnetic. If you have a powerful magnet, see if it attracts your gold. If it does, the gold is impure or false. However, youll need a strong magnet for this test. Most kitchen magnets wont be enough.

Sell Used Gold Jewelry

ByFrank Kerley | Submitted On November 13, 2009

When you sell used gold jewelry, you are still able to make a great profit on your gold items. There are plenty of gold buyers that are willing to pay you top dollar when you sell used gold jewelry.

Sell Used Gold Jewelry

Used jewelry is valued by its weight and by its quality. Those pieces that are heavy will get the most amount of money, as well as those pieces that are pure gold. Common types of karat quality include 10k, 14k, 18k and 24k. The purest form of gold is considered to be 24 karat.

To estimate what you will get when you sell used gold jewelry, you will want to visit commodity websites that display the latest prices on gold. These rates change every minute and you will want the most current information when you are ready to sell your items. This data will also aid you in your selection process, as it will help you eliminate buyers that are providing you with low quotes.

The Best Gold Buyers

There are online buyers, pawn shops and jewelry stores that buy jewelry. A physical store location will cut into your profit because you will have to take the day off to drive around to each location, stand in line, wait in traffic and spend your expensive gas. An online company is able to provide a quick turnaround time and high quotes, as they will furnish you with a complimentary mailing kit.

Recommended Reading: 1 Oz 24 Karat Gold Price

Free Parking View St Parkade

Yes Easy 1 hour FREE Parking Downtown! Simply park a 1/2 block away at the View St parkade on the 700 block of View between Blanshard and Douglas. The city gives you your first hour free automatically!

Tip, Walking Shortcut: Simply follow the crosswalk inside on the ground floor of the parkade towards Fort St. Then turn right when you exit the building. Walk a half block to 706 Fort and Douglas.

*Live chart is for reference and if our data feed is incorrect we will find a live spot price together and calculate your value.

Need Help?

  • If you have any questions please contact us by phone, email or just come on into our store.
  • Address:706 Fort St.Victoria, BC Canada V8W 1H2
  • Phone:+1 361-1892

Want To Sell Your Gold Get It Done

How to Sell Gold Jewelry

In summary, all you need to do to ensure that you get the best possible price for your gold is to educate yourself on what you are selling, and also research potential buyers. Take your time in making your decision. Speak to as many experts as you can and compare all of the fine print and charges of each company.

Use the time to work out which company is offering the best deal for you, and make your decision based on this conclusion. Taking your time and shopping around will help you to maximize your profits from selling your unwanted gold.

If you have any questions about the gold selling guide, please leave a comment below!

Recommended Reading: Does Kay Jewelers Sell Real Gold

What Is The Best Place To Sell Jewelry

For most gold, silver, platinum and diamond jewelry, I recommend CashforGoldUSA which is accredited and rated A+ by the Better Business Bureau and guarantees you will get paid within 24 hours. Consider selling old jewelry now as gold prices hit record highs. Use CashforGoldUSA’s online gold calculator with today’s gold price estimates.

What Is The Melt Value Of Gold

First, understand how much you will get when you sell your gold. Check the price of your gold scrap, gold jewelry, gold dental items, or other gold items with CashforGoldUSA’s online gold calculator, based on the most accurate gram and ounce price of gold today > >

CashforGoldUSA’s online price for gold calculator is very accurate because it automatically uses the spot gold price as of today, and calculates the resale value of your gold item based on the karat of gold, and the weight in grams or ounces to provide a gold melt price.

Similarly, CashforGoldUSA’s online gold calculator helps you understand the price for your scrap gold based on today’s gold price, the gram or ounce weight and karat of your scrap.

The way gold buyers determine how much gold is worth is rooted in the London Bullion Market Association, which today runs an electronic auction system called the LBMA Gold Price recognized globally as the accepted market price for gold.

The LBMA is an industry trade association that promotes transparency, quality and ethical sourcing in gold trade.

To give you an estimate of the price you might receive when selling gold: a simple gold wedding band may bring $100 to $200, while a gold chain necklace , typically brings $70 to $250.

A gold crown could fetch prices between $40 and $100, depending on the gold market, and the quality of gold.

If your jewelry is a known brand like Cartier, Tiffany, Taccori or Bulgari, it will typically attract a higher price.

You May Like: How To Safely Buy Wow Gold

What Are Gold Futures

Meanwhile, gold futures prices serve as the basis for the LBMA Gold Price, which is based on contracts for the physical delivery of a specified amount of gold on a set date in the future, and determined by predicted changes in supply of and demand, the estimated cost of transporting and storing gold.

How Do You Sell Your Gold

Why You Should Never Sell Your Jewelry Online â Sell gold ...

Easy, No Appointment Necessary simply stop by and say hello. We are happy to examine, weigh and appraise your items for free. Then explain the four options we have available for you.

Yes, you have four options. Old N Golds specialty is estate jewelry. Unlike mall stores or other Jewelers, we Buy, Trade, Consign and Loan Cash against jewelry and fine silver.

You are not left with the only option of receiving the scrap value for your gold or silver but you have options to receive more cash, as we also consider the craftsmanship value in quality pieces.

Read Also: How Much Is A 400 Oz Gold Bar Worth

How Much Is 18k White Gold Worth

18k white gold contains 75% gold.

To find out how much your 18k white gold is worth, all you have to do is:

  • Look up the current spot price of gold.
  • Weight your 18k white gold and multiply that number by 0.75 to determine how much pure gold is in the item.
  • Multiply the number above with the current spot price of gold to determine how much it is worth.

What Is The Best Way To Sell Expensive Jewelry

We recommend selling expensive jewelry online to a reputable online jewelry buyer like Worthy, CashforGoldUSA, WP Diamonds or Circa these are large, national companies that can efficiently evaluate your diamond or other jewelry, safely ship it, evaluate it by trusted experts and appraisers and have national reputations at stake, which motivates them to offer a high price and good customer service.

Also Check: Listerine For Jock Itch Review

Ways To Sell Your Old Gold Jewelry

It’s not a bad idea to sell your old gold jewelry or coins to help you ride out the recession. Just don’t expect to get the full market value for an ounce of gold that you hear so much about.

First, you’ll get a portion of the scrap value, not the market value, for your gold. Buyers melt the gold down, so they will not pay anything for the artisanship or style of the jewelry. Second, dealers must pay a smelter, someone who melts the gold, up to 30 percent of the value to refine the precious metal. Then there’s the buyer’s profit.

Also, remember, some gold items are purer — and more valuable than others are. Pure gold is considered 24 karat, or 24k. Think of it as a 24-slice pie each slice a single karat. Therefore, a necklace that has an ounce of 10k gold has less than half the gold of a necklace with an ounce of 24k gold.

Armed with this knowledge, here are five ways you can sell your gold each a compromise between price and convenience:

Mail-away operationsThe scoop: Seductive advertising and the lure of easy money have drawn in thousands of eager sellers. You mail in your gold and they mail you back a check. GoldPaq, GoldKit and Cash4Gold are among the companies offering the service.

The benefits: It’s easy — they send a prepaid envelope, you drop in the gold, and they mail a check with an itemized receipt and a promise to return your gold if you’re not happy with the price.

How To Sell Used Or Unwanted Gold Jewelry For Maximum Profit

How to Sell Old Gold Jewelry

Gold reached new all-time highs in the first quarter of 2008. With prices in the range of $900 to $1,000 per ounce, it’s not difficult to imagine that everyone wants to cash in any way he can.

Gold prices may or may not go higher—no one has a working crystal ball. However, securing a few profits is always a sound idea during a rapid increase in a commodity price. So if you are looking for an easy way to make a few bucks, how about selling old jewelry that you no longer wear? Find that mangled gold chain or old class ring that you no longer want or have no desire to wear, and flip them into quick cash. Here’s how.

Determine the gold percentage of your gold jewelry 24 karat = 100 percent gold. Therefore, divide the karat you have by 24.

For example, an 18-karat gold necklace is 75 percent gold .

Determine the weight of real gold from the percentage calculated in Step 1. Multiply the percentage of gold by the recorded weight of your jewelry.

For example, an 18-karat gold necklace weighing 20 grams is equivalent to 15 grams of gold .

Convert the weight of grams to ounces, as gold is measured in ounces, by using the following conversion: 1 g = 0.0353 oz.

For example, 15 g * = 0.53 g.

Calculate the final worth of your jewelry by using the current spot price of gold.

For example, 0.53 g * $950/oz = $503.50.

Inform the dealer that you know the current market price of gold and that you want her best offer only.




You May Like: What Is 10k Gold Made Of

Is Rose Gold Worth Anything

Rose gold is an alloy of gold and another metal, most commonly copper, which gives it its unique coloring. Sometimes rose gold will also contain a small percentage of silver in addition to copper.

With this in mind, rose gold is worth as much as however much gold it contains. 18K rose gold and 14k rose gold have the same gold content as 18k gold and 14k gold, respectively.

What Is Gold Filled

Gold-filled jewelry is constructed in two or three layers: The core metal is brass, and a gold alloy is then bonded to one or both surfaces of the brass core with heat and pressure. Gold-filled jewelry contains a much thicker layer of gold than plated or vermeil items and will hold up better with wear comparatively.

Also Check: Buy Gold Now Or Wait

From Our Blog & Twitter

Some Quick Guidelines Before You Go To One Of These Places

Sell Gold Online

Pure gold is currently paying about $1250 per ounce. By going through the math, this means that 10 karat gold will scrap at about $16.35 per gram. And 14 karat gold will scrap at $23.50 per gram. Scrap prices refers to what these large companies get paid when they send in this gold to be melted, which is what most of them do with your gold. This means that its nearly impossible for you to ever get offered more than this amount for your gold. In fact, more than likely, it wont even be close to this number. As I mentioned earlier, this is because of the convenience charge these stores get for being market makers. However, the closer you can get to these numbers, obviously the better.

2) Your second option is to go a pawn shop. Many people recommend going to pawn shopes over the We Buy Gold places because often these shops pay significantly more. I recently sold some gold myself and this is exactly what I did. Ill detail my experience selling gold later in the post.

3) Finally, you can always just wait. Hold on to your gold and wait for the price to go up. Gold fluctuates. But in the long-term, it has always gone up. If you dont really need the money, it might be the way to go. Save it for that rainy day.

Recommended Reading: Buy Oz Of Gold

More articles

Popular Articles