Sell Gold Jewelry
| March 3rd, 2010The optimal pieces to trade in this manner are the ones that have no resale worth as jewelry, like old class rings (pop off the gemstone), outcast simple wedding bands from an ex, or tossed away dental gold fillings.
There may be any number valued pieces at the nethermost region of your jewelry boxes and drawers. Maybe you forgot you own them! A unmatched earring, damaged chain, or even worn out sterling silver flatware.
Will your trading scrap gold efforts be worth your time? To work out what your pieces are priced at, without compensating an appraiser $50 to $200 per hour, use these guidelines for gold prices:
First, search for the karat impression of your jewellry. And Then, go to goldprice.org to determine today’s price for a troy ounce (31.1 grams) of 24 karat pure gold. If your gold is less than 24 karat, discount it accordingly. 18 karat is worth 75%, 14 karat is worth 58.3%, 10 karat is 41.7%.
Then subtract 10-20% for the refining fees, plus any profit the middleman purchaser requires from reselling it.
To present to you a approximate idea: when gold values were recently at their all time historical heights of $1,160 an ounce, you might have gotten about $85 for a 14K wedding ring.
How can you find a scrap gold buyer who is not only honest, but will give you the optimal price for your gold or other precious metals?
Some persons will not think about where to sell jewelry too much, and will simply go to the nearest pawn shop to figure how much immediate payment they can gain when they’re interested in trading scrap gold.
Or they might reply to a TV or newsprint advertisement from a local jeweller or national gold buying company.
Since gold prices are at a record breaking high level, and the number of individuals who need to bring in cash speedily is rising every day, several companies have emerged to attempt to cash in on this trend. Numerous of these companies prey upon the everyday person’s ignorance of the actual value of their gold.
Irrespective of who you sell your scrap gold to, it needs to end up with a precious metal refiner. They have the equipment and licenses to purify the gold and reprocess it into gold bars suited for industrial use.
And so to bring in the most cash, it’s advisable to cut out the pawn shop or other broker, and sell directly to a reliable refinery. They are not in the jewellery business or a intermediary.
You can ask that they send out to you a postage paid, insured envelope that you can track online when you send it. Make a point to fill in your careful description of what you’re sending off. Photocopy your description, and snap a photo of the jewelry you’re sending off. Don’t forget to take out gems and any non-gold pieces that are of value to you.
The company applies non-damaging exams to assign the day’s market value of your pieces.
The most honest companies telephone you with their offer first off, and if you agree to their terms mail you a check or direct deposit your money immediately. If you’re not happy with the amount, they will return ship (insured) your gold at their expense.
I’m into helping my friends sell gold jewelry without getting ripped off.
