Is There A Gold Colour Thats More Valuable Than Others
Theres no doubt that colour can throw us off. For some items, colour can determine the value of something. You might be surprised at how many gold colour variations there are. Aside from the well-known yellow, white and rose, there’s also red, bronze, lime and even purple and blue gold alloys. Copper gives it a pink hue, while white gold usually involves a combination of nickel, palladium and manganese.The gold price is determined by the percentage and weight of actual gold used.
White gold is quite expensive because its plated with rhodium, a very costly precious metal, added to maintain the brilliance of white gold.
The Ultimate Practical Guide To Selling Gold Jewellery
Selling your personal gold in 2021 is a bit like going on a trip and being allowed to find your own personal treasure chest on an island. You go digging through your home, actually find a few items that really qualify as spare gold you can sell, and you look at the price of gold online and realize you have something worthwhile, a real prize. Then, just like the fellow who dug up the chest on the island, the reality hits you. Somehow, you have to figure out how to actually sell that gold without losing your shirt, your hand, or your wits. And there are a lot of pirates and good-for-nothings out there on the high seas of real life looking to separate you from your gold without paying for it.
Personal gold selling actually used to be pretty rare only a few decades ago. Most people just held onto what they had, or they were aware of a discrete service that was in fact a refiner who would buy unwanted gold for a price. It simply wasnt socially acceptable to be selling ones jewellery unless a person was in dire financial straits. And then, in those cases, the person had to trudge down to a local pawn shop as there were no respectable firms available to liquidate ones gold. Granted, there were jewelers who would buy fine jewellery from estate sales, but these were uncommon at best.
How Is Gold Bullion Different From Other Forms Of Gold
In general terms, bullion can be used to describe other precious metals like platinum or silver. Bullion can come in bars, ingots, and coins. It is never traded in a futures market. Bullion is always traded for actual amounts of physical quantities.
Gold bullion is a recognized weight and fineness that you can buy for the current price of gold, plus some added charges for refining, fabricating and shipping the bullion to you.
The bullion content of a gold object is usually measured by multiplying the weight of the object in troy ounces by the purity of the gold in that object. For example, a 1-ounce gold bar with a .9999 purity rating would contain one troy ounce of 99.99 percent pure gold bullion.
Most of the worlds bullion is owned by governments and central banks and stored in 400-ounce troy bars. Smaller quantities are also available for purchase by individual investors. The problem with buying or selling gold bullion as an asset is that it can be costly to liquidate after you remove it from storage.
There may be assay, refining or handling fees involved if you are dealing with larger quantities. Its much easier to sell gold bullion in smaller, more convenient and tradable sizes.
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How Much Do You Get For Selling Gold
Gold has set record prices in the past year at more than $2,000 per ounce, and at the current scrap gold rates, a typical wedding band will bring you between $100 and $300, depending on the weight and karat.
Where you sell your gold, what type of gold and whether you sell online or at a location near you also affect how much money you can get for your gold. Jewelry with diamonds and other precious gemstones will also bring more. Have diamonds? What you need to know about how to sell diamonds, and the best diamond buyers.
Can I Sell Gold Jewelry
Yes, its possible to sell gold jewelry. If you do choose to sell gold jewelry, youll need to decide whether youre trying to sell it as jewelry or as gold, as this will impact your options when looking for a buyer.
If you want to sell your jewelry as jewelry, youll want to look to jewelers, pawn shops, or a way to sell to other consumers, such as through eBay or Craigslist.
If the jewelry is old, you might also have luck selling it to a person or shop that focuses on antique goods.
Selling jewelry as jewelry is usually best if it has some historical or artistic value. A plain gold necklace will be worth less than a well-preserved, hundred-year-old necklace that contains the same quantity of gold because the old necklace has historical significance.
If you want to sell your jewelry for the value of the gold it consists of, youll want to focus on selling to gold dealers or other companies that specialize in dealing with precious metals.
With these buyers, the value of your jewelry will be tied to the amount of gold it contains. Jewelry with higher purity gold will be worth more by weight than jewelry with lower purity gold.
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Look For A Professional Buyer With A Solid Reputation
Probably being the most important last step to take before selling your gold, research the gold buyer business you are going to work with. Reputable gold buyers have been in the market for a long time with a well-established reputation for buying gold and providing customers their services. The best ones will provide fair pricing, provide a safe environment for selling gold, and will walk consumers through the process without hidden fees or transaction charges. There shouldnt be any kind of high-pressure tactics being used to make a sale happen. Professional buyers fully understand and expect some sellers will have memories and attachments to pieces and decisions can change at the last second as a result.
A clear winner every private seller should consider is Gold Smart. Having served thousands of customers over the last ten years at least, Gold Smart provides a place to transact and sell unwanted gold, as well as a buyer channel that provides a fair and transparent buying process for all gold items based on a percentage of the current market pricing. More buyers opt for Gold Smart in New Zealand than any other choice for selling personal gold because we make the process so convenient with service, safety, and clarity. Find out for yourself. Schedule an appointment, follow our guide steps above, and let us give you a full review and price for your items. Youll be pleasantly surprised.
Various Jewelry Types Characteristics
You can find various jewelry types on the market.
- Solid gold Gold alloy
- Gold-filled jewelry High-quality brass core with 5% gold by weight
- Gold-plated jewelry Cheap base metal with less than 0.05% gold by weight
- Gold vermeil925 sterling silver
The gold purity for gold plating ranges the same way as solid gold, from the lowest purity of 10K to the highest one of 24K gold. Their values are practically the same, but the effect is different because of the gold color. The higher gold purity will provide a more gold-like shade.
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How Does Karat Weight Impact The Value Of My Gold
Gold is measured in karats, which is a scale of gold fineness used in the United States. Because gold is so malleable, it often needs to be alloyed with other materials for increased hardness. This can create variations in color, melting points, and of course, price points. Using a standard international scale to measure the purity of gold allows jewelers to know the total gold content per 24 parts immediately. For example: 24 karats of gold is 24 parts of pure gold. It also allows us to adhere to an ethical standard of giving the best price for gold.
Art Deco Or Other Antique Jewellery
Art Deco jewellery from the 1920s caught my eye. These beautiful pieces are selling excessively well and are expensive at auction. Similarly, if you come across a 19th century brooch, it is worth much more than its weight in gold or silver!
I’m talking about it in this article on How to sell silver jewellery? . Feel free to read the article.
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Gold Selling Gold Buying And Precious Metals Frequently Asked Questions
Q:How much is 14k gold worth?A: It is worth 58.5% of whatever the current spot price of gold is.
Q: What does 10k mean?A: It means 10 karat which means it is 10 parts gold or 41.7%
Q: Is my silver worth anything?A: Yes! It is not nearly as valuable as gold but silver does at up and can put a pretty chunk of change in your pocket.
Q: What does R.G.P mean stamped on my ring?A: It means rolled gold plated and is not of any real value.
Q: My class ring says Nicromium on it, will you buy it?A: Nicromium is a non-precious metal and not of any significant value, so no we will not purchase it.
Q: Will you buy my class ring?A: Yes, as long as it is made of gold or silver.
Q: Will you buy my broken necklace?A: Yes, if it is gold or silver broken or out of style it doesn’t matter we will buy it!
Q: A diamond fell out of my earrings, will you purchase them?A: Yes, as long as they are gold or silver we will purchase them.
Q: What is a gold party?A: Much like an Avon or Silpada party, except we don’t sell you anything. We simple come to your home and BUY all of your unwanted jewelry while you and your friends chat and catch up on the latest news.
Q: Do you do gold parties?A: Yes, simply call our retail store at 763-784-7330 or email us @ [email protected]
Q: Do you buy old coins?A: Yes, if they are made of silver we will purchase them.
Q: How do I tell if my coin is silver?A: Most silver coins are dated before 1965, so if its dated before then it is probably silver.
Where Is The Best Place To Sell Gold Bullion
There are many places you can sell gold bullion. The trick is finding a gold buyer that will give you the best price for your gold. People often sell gold bullion on eBay. If you go this route, dont expect to get the same prices you would see from an authorized dealer.
Authorized dealers are probably the safest route for sellers. You can either find a dealer locally or go online and expand your search. Again, we recommend Cash for Gold USA as your best option.
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Sell Gold Coins To A Scrap Gold Dealer
It is possible to sell coins and bullion to a scrap gold dealer.
Some of these professionals display very competitive prices on investment coins and bullion but some other display very unfavourable prices !
It is especially important to compare, for example by using our comparison tool .
If the coins you have have a numismatic value , it is best to visit a professional specialised in numismatics.
Which Company Sells Best Gold
The Most Reliable Online Gold Dealers in 2021
- Money Metals Exchange received the most votes overall. The most comprehensive offering came from APMEX . The best customer experience came from JM Bullion. The best low-price option came from SD Bullion. The best for gold coins came from BGASC. The best reputation came from Golden Eagle Coins.
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What Kind Of Jewelry Do You Want To Make
When it comes to starting a jewelry brand and getting into the jewelry industry, you should start your new business by having a clear vision of what you want to make and who you want to wear it. There are generally three categories of jewelry: fine jewelry, semi-fine jewelry, and fashion jewelry.
Youll formulate your marketing strategy and marketing materials based on who you want your potential customers to be. When creating your own jewelry business, your demographic changes everything about how you attract customers.
How Can You Tell If Gold Is Real
This actually applies to gold you already have, as well as gold youre considering as a purchase.
There are several possible ways to test gold to see if it is real. Because of golds unique properties, it is difficult to produce fake gold but that doesnt mean people dont try.
Gold is one of the densest metals on earth, meaning that any metal used to attempt to replicate gold will be much less compact. If you have gold bullion and coins of a purported certain weight, you can simply weigh and check the size of your bullion which is made to a set of specifications that make a reference point comparison relatively easy to do.
Another simple test is to use a magnet. Unlike most metals, gold is not magnetic, so a real gold bullion coin, bar, or piece of gold jewelry will not stick to a magnet. You will need to know if your pieces have other types of metals or not.
Gold also has a distinctive ping sound when it is struck. Precious metals will have a high-pitched ringing sound when struck, as opposed to base metals that will have a much shorter and duller sound.
You can also drag your gold over an unglazed ceramic plate applying slight pressure. If you see a gold mark on the ceramic once youve done this, then the gold is real. But if the mark is black then it is fake.
Different strengths of acid are available to test different carats, so gold that doesnt react to the acid is at least as pure as the carat rating suggested, if not higher.
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How To Sell Jewellery Uk
We have over 30 years experience of valuing silver and gold, so when your items arrive they go through a strict valuation process to get you the true value of your items.
If you are not happy with our offer, you are under no obligation to sell and we will return your items free of charge. Thats our 100% Satisfaction Guarantee so you can confidently sell your jewellery to us. Find out more about how to sell your scrap gold here.
Liberty Gold And Silver
Liberty Gold and Silver is a Portland, Oregon-based precious metals buyer. You can sell gold, silver, platinum, palladium and more all at the same time.
You can request a free quote and shipping label. Liberty Gold and Silver offers shipping insurance up to $1,000.
If youre selling more than $1,000 in metal, youll need to ship and insure the gold yourself, though the company will reimburse you for the cost once it receives your shipment.
You can obtain payment by check in the mail or a wire transfer to your bank account. There is a small fee for wire transfers.
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The Best Way To Sell Your Jewelry For Cash
10 January 2022 · 10min read
The jewelry world is confusing place. Finding the best place to sell jewelry for cash is not easy. Researching would take hours in order to understand the vast knowledge a specialist has learned. However, you might be interested in learning for yourself to have a foot in the door. Not all gold buyers are trustworthy. So knowing a bit about your items calls for a more smooth transaction.
Although there is no sure way to predict the future of buying and selling gold. One thing is for sure, the price of gold is hovering around the highest point since 2013. Which means its the perfect time to sell your jewelry for the most money. Selling your old jewelry is one of the easiest ways to get cash instantly. Things you own in life that can easily be liquidated for cash. Gold jewelry is one of them.
Are you looking to turn your unworn jewelry into cash, or sell your pre-owned jewelry you no longer want? It is important to sell your jewelry at the highest market value and in a safe, secure way.
What Is Fine Jewelry
Fine jewelry is the cream of the crop. Fine jewelry features precious metals and gemstones, like solid gold and diamonds. These cost a pretty penny, but they will last you a lifetime. While expensive, fine jewelry usually requires less upkeep and repairs than other categories, as the materials used are high-quality and durable.
Fine jewelry doesnt need to be reserved for special occasions! It is a great option for people who love wearing their jewelry 24/7 and dont want to worry about tarnishing or wear and tear.
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How Does A Gold Buyer Make A Profit
There are three primary ways that gold buying companies make money:
- Buying gold in various forms and selling it to other buyers at a higher price
- Buying broken or otherwise unwanted scrap gold items and selling it to a smelter who will melt and repurpose it
- Buying and keeping gold until its value increases, then selling it for a higher price
Whatever method a buyer uses, the key is consistently selling the gold theyve purchased for more than what they paid for it.
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