Valuable Gold Items You May Have Sitting Around Your Home
You could have high value gold pieces in your home that are just collecting dust or languishing in storage. Here are three common types of household gold items that you can turn into cash:
- Scrap gold: Do you have gold accessories you havent worn in years and which no longer have any market value beyond its gold content? You can sell good accessories as scrap, as the gold can still be melted down and recycled.
- Broken gold: If you have a broken piece of gold jewelry or even a gold part that broke off from a larger piece, you can also sell these for their gold content. Things like gold watch bands, gold chains, gold ring bands, and broken gold bracelets can be sold whole or in part to a gold buyer.
- Gold coins: Though these are less common than gold jewelry and accessories, some people have coins at home that they have either inherited or collected as an investment. For example: the U.S. Mint produces various sizes of gold bullion coinsif you have them, they can be sold to a gold buyer at any time for their current value.
How To Sell Expensive Jewelry Online To Worthycom
Do Your Homework Shop Around
You want to approach how you sell old jewelry the same way you would approach buying new jewelry. You want to deal with a reputable buyer and work with someone who really knows what your jewelry is worth.
Bonus Tip:
You dont want to sell to a fly-by-night operation. If the store hasnt been at the location for very long, there may be a good reason.
Talk to the manager. If they say they dont have anyone who can help you, walk out. Any store that cares about quality jewelry will have someone ready and willing to talk to you.
Check out places online and on the street. There are reputable stores out there where you can sell gold for cash. There are also some great places online where you can sell used jewelry.
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What Is The Value Of Your Gold Today
As of September 9, 2020, the price of gold in the USA is $1,924.27 per ounce or $61.87 per gram a recent record and one of the highest gold prices on record since 2013. Gold prices typically increase as the value of the stock market declines, putting them at recent record highs because of the recent drop in the value of most stock indices.
Many people have gold, either around the house in the form of old jewelry, as old gold coins, or in the form of gold bullion purchased as an investment.
With gold prices at a recent record high, now is a great time to think about selling gold to free up some extra cash.
Although the process of selling gold can seem confusing, there are reliable, trustworthy buyers out there that will give you a great price for your gold jewelry, coins or other types of gold.
Below, weve explained everything you need to know about selling gold. Our guide covers how gold prices work, how much your gold is worth, the best ways to sell it for the highest price and the basic process of selling gold online.
Weve also gone into detail on common mistakes to avoid when selling gold, as well as the pros and cons of selling gold online versus locally through a pawn shop, jewelry store or other type of gold buyer.
Finally, weve provided some expert tips to help you get the best possible price for your old gold jewelry or other gold items.
Best Place To Sell An Engagement Ring: Worthycom
If your ring is worth $1,000 more we recommend selling an engagement ring with Worthy.com. The same applies if you are selling a wedding ring. Worthy will help you sell your ring, plus any other fine jewelry.
Why Worthy.com?
- Worthy.com is an online auction, so you will get multiple vetted bids on your jewelry which typically drives up the sales price
- Worthy is trustworthy. Send in your jewelry with a free, 100% trackable FedEx mailer. Your ring is video recorded from the moment it enters the Worthy NYC offices, and insured up to $100,000.
- Better Business Bureau A+ rating
- 4.8/5 stars on Trustpilot
- Each seller receives a free GIA certified lab report the only way to get a fully accurate appraisal and resale price estimate
- You have full control of the auction minimum sale price
- Get paid within 24 hours of the sale close.
Worthy can help you sell the following types of engagement rings:
- Rings with a large center stone
- Designer engagement rings
Check out my Worthy review to learn more about my personal experience selling an engagement ring with the auction platform.
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Sell Your Fine Jewelry
The diamond necklace from an ex, the gold watch that sits in your jewelry box, the ruby necklace that you loveda decade ago. We all have jewelry that we no longer wear.
Selling your old jewelry is an option, but it can be hard to know how and where to get started. Here are a few tips for getting the most from your rings, earrings, bracelets and necklaces.
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.
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Have Your Stuff Appraised
Its always a good idea to get your jewelry appraised before you sell it. But only do this if it makes sense. If you have to pay a bunch of money to get your used jewelry appraised, dont do it.
Pro Tips:
- If you have a friend of family who owns or works at a jewelry store, thats great. You can get your stuff appraised for free.
- If you cant get it professionally appraised, see what you can do on your own. There are a lot of websites that can help you appraise your own used jewelry.
- You also should have an idea of what it may be worth based on where it came from. If it has real stones, then it has to be worth a decent amount.
- If you have to, ask the people who gave you the jewelry what they paid for it. This works if the gift was from a close friend or family member.
Gold Value Faqs: How Much Is Gold Worth
The resale value of your gold is based on the current market price of gold bullion but considers several other factors. The higher the percentage of gold in your jewelry or coin, the higher the value.
Gold is measured in karats, with 24-karat being the purest gold, with the highest gold melt value. Unless you have gold bullion or another form of pure gold, your gold item is mixed with other metals or alloys.
You can get an estimate for the price of your gold with CashforGoldUSA’s gold calculator, which factors in the current price of gold:
Gold prices have been hovering at a 7-year high. As of , the gold resale value in the United States was at a near-record price of $ per ounce, or $ per gram.
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How Much Is A Gold Bracelet Of 14k Worth
Like other precious metals jewelry your bracelet is worth as much as the weight of the gold x the karat. If it has stones, such as diamonds in a tennis bracelet, those gemstones may add value to the bracelet. Learn more about selling your bracelet online.For other kinds of jewelry with precious metals and gemstones, educate yourself about selling jewelry online before you accept any offer.
*10% bonus offer. Customers who send in their item within 7 days of receiving the shipping materials will automatically receive an additional 10 percent bonus on top of the appraisal value of their items, compared to standard pricing. Total payout may not exceed melt value of items. The 10% bonus offer is not valid or able to be combined with any other special offers.
How much is gold worth?
The resale value of your gold is based on the current market price of gold bullion but considers several other factors. The higher the percentage of gold in your jewelry or coin, the higher the value.
What is the best way to sell gold?
While there are certainly reputable local jewelers who can give you an honest gold resale price for your jewelry, coins, bullion or other items, selling your gold online with a reputable, online gold-buying business is convenient and should give you the most cash.
Should I sell my gold now?How do I sell my gold?How much does gold sell for?
Gold Rings Melt Value
Please dont think that the melt value of your gold ring is bad. And please dont sell it without knowing more about it. First, very often people know that the gold ring they own needs to get melted because it just out-of-fashion or its damaged. An average gold ring was made of 14 karat gold and weighs between 2.5 grams and 11.5 grams what means that you can get between $80.38 and $369.75. If it was even made of 18 karat gold instead of 14 karat gold, you can get between $103.05 and $474.04 for it. And this is the melt value.
Dont listen to unreliable folks telling you tales about how bad your gold is and how much it will cost to process your gold. That is just nonsense and a big lure to get your gold rings for a bargain. Dont listen to them.
Use our calculator to calculate your rings value: gold calculator
Gold Ring Related Questions
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Try Cash For Gold Usa
Another great site where you can sell used jewelry is Cash for Gold USA. This may be the most popular site to sell gold for cash.
Cash for Gold USA will give you an extra $50 just for using their service your first time. If that isnt an incentive we dont know what is!
The company will send you a package so you can send them your gold for free. Within a day, theyll have a certified technician appraise your gold.
Good to Know:
If youre not happy with the price they offer, they will send your items back to you at no cost. If you go ahead with the sale, youll be paid the next day through PayPal, check or bankwire.
Selling Your Gold To Jeweler
Selling your gold to a jeweler who can re-use the gold may be a logical place to start.
However, most jewelers dont have the equipment or skills to melt gold down, refine it and re-use it. Instead, most jewelers would need to sell the gold on to someone who can do this.
Selling to a jeweler is essentially adding in an extra middleman in the process, and every additional layer you add into a process means that the amount they can give you for your jewelry will be reduced.
It makes sense therefore to skip jewelers completely to make sure that you get the most possible for your gold.
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Bottom Line: Im A Fan Of Selling Your Engagement Ring
Overall, I am a huge fan of selling your engagement ring in the event that your relationship ends, and I did so myself about five years ago.
I only received a fraction of what my now ex-husband and I paid for it, but I felt I got a fair price and used the proceeds to fund a trip my kids took to Europe with their dad to visit family which, again, I felt good about.
The real value in selling bridal jewelry, or other jewelry you dont wear, is that it frees up all that negative energy attached to the item, stewing indefinitely in your jewelry box.
Even if you loved the ring, loved your ex, loved being married , it is time to move on and free the mental energy attached to the ring not to mention the money!
How about you? Do you still have your engagement ring? Or did you resell your wedding ring, give it away, turn it into a necklace, or throw it out the car window into a ditch on the way home from the court date finalizing your divorce? Do you feel you understood the true resale value of your jewelry? Please share in the comments
Did you know you can sell your wedding dress for cash?
Where can I sell my engagement ring for the most money?
After researching this topic for years, I am confident that you stand the best chance of getting the highest price if you sell to an online ring buyer.
How much do you get for selling an engagement ring?How much can you sell an engagement ring for?
Your engagement ring is worth the current market rate for the diamond and metal.
Examples Of Gold Jewelry Values
The best way to understand how much you are likely to receive for your gold is to look at what has been paid out in the past. Were going to use prices from Express Gold Cash as they are the most transparent about their pricing and offer very fair prices.
14k gold jewelry examples:
Weight: 18.8dwtPrice paid: $670.42
There are more examples over at the Express Gold Cash website, but these should give you an idea of the type of value that can be attained from gold jewelry.
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What Is The Best Way To Sell An Engagement Ring
After researching this topic for five years, I am confident that you stand the best chance of getting the highest price for your jewelry if you sell to an online engagement ring buyer.
Think about it: The vast Internet creates much more competition that encourages online buyers to provide honest, trustworthy service. And while there are certainly quality local jewelers, there are simply fewer jewelers in each community. Plus, selling your engagement ring or other jewelry online means you dont have to leave your home, haggle with a jeweler or otherwise go through the hassle.
The recommendations made here are based on my own personal experience with highlighted companies, online reviews from customers, Better Business Bureau ratings, news reports from reputable publications, age of the company, ease of use of their websites, transparency, and overall sentiment that these are quality businesses that care about their customers.
How Can I Get The Best Price
There are a few strategies that can help you get the best possible price for your gold ring.
First, make sure you check out multiple venues. Select several stores and ask for a quote to ensure that you choose the place with the best price.
You should also ask how the buyer is measuring your gold for sale. Some companies weigh pieces by the Troy ounce, while others use grams.
Keep in mind that home scales measure ounces differently than a gold store will, and that some gold stores use pennyweights , rather than grams.
If youre planning on selling to a local jeweler, take care in how you present the ring. Make sure its clean and in good condition. The jeweler may want to resell the ring and wont purchase one that doesnt have resale potential.
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Cash For Gold In 3 Easy Steps
Get Cash for your unwanted Gold by simply filling out the form on your right and we will send you our GoldKit by mail that same day. As soon as you receive our GoldKit, you will place your unwanted jewelry such as Gold, Silver or even Diamonds in the envelope and ship it to us via Canada Post or any courier provider. We will then issue a check to you on that same day following the reception of the GoldKit.
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.
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How Much Do You Get For A Gold Ring
How much do you get for a gold ring?
Thousands of gold rings come up for sale every day in the US but how much do you get for a gold ring? You cannot believe how much unwanted, old-fashioned, mismatched or damaged gold rings are sitting in drawers or jewelry boxes actually ready for selling. Let us help you to understand their value.
Most people just want to know how much they can get for a gold ring but the answer is not that easy. It depends on where you go and what kind of gold ring you have. If you go to a local pawn shop or jeweler, very likely you get paid a bad price even for a nice gold ring. But there is even more to consider: the quality and weight of the gold, the manufacturer or designer and mounted gemstones.
We Buy Your Rings For The Best Price
If you are tired about comparing buyers and selling opportunities, reDollar.com is the best place to sell your rings. Our prices are unbeatable.
Lets unlock your rings value
