01
May
With gold prices being so high right now, many people are asking the question, where can I sell my gold jewelry? While no one knows how long gold will maintain its present value, it certainly makes sense to sell it if you need some instant cash. Also keep in mind that it is also quite possible that it may be go higher than it is right now.
Where Can You Sell Your Gold?
There are many places around that are willing to buy your gold. In order to get the best dollar when you sell your gold, however, you will need to check several places first. Some Websites and businesses that buy gold are not going to give you very much for it. Other ones will give you a much better price – especially if your jewelry is beautiful.
What Kind Of Price Can You Expect for Gold Jewelry?
The prices that you may receive for gold jewelry could go from about 90 percent down to about 30 percent of its value. As you can see, it will pay to shop around. You should not settle for less than about 80 percent. It is best to get an approximate value first by going to a local jeweler. It is also possible that you will get more from a local merchant, than from most online gold dealers.
How Can You Tell How Much Your Gold Is Worth?
One way to get an idea of its value is to look for some lettering on the gold jewelry, such as 10K, 14K, or 22K. These numbers indicate its purity – the higher the number the more valuable it is. Then, you will also need to know the weight of the item – in ounces. If there is a gem involved, this will need to be either removed, or its worth will also need to be considered in the sale, too.
What Guarantees Do You Have?
If you should go to an online buyer of gold, know that most of them will return your gold – if asked to do so – within a specified time period. They will need you to send them the gold first, so that they can evaluate it, and then they will send you a check (or pay through PayPal) for it. You then can accept it or reject it and get your gold back.
When selling gold online and you send it to the company, you want to be sure to have it insured – just in case it gets lost in the mail. Or worse, lose it if the company is dishonest. It is also a very good idea to do a little investigation about the company online just to see what other people are saying about it.
There are different places available online from reputable news companies that will give good recommendations for people who are selling gold jewelry. Here are two places that come highly recommended from some of these sources:
Do Refiners or Jewelers Give Top Dollar for Gold Jewelry?
There are different kinds of businesses out there that are buying gold. When looking around and asking: Where can I sell gold? You really have two different kinds of buyers. One kind is looking to sell a volume of gold to a gold refinery. They will simply give you money for what is often called “gold scrap.” Another kind – a jeweler – will probably sell it as is – especially if you have a beautiful piece of gold jewelry. In that case, you should be able to get more for its beauty. Some people go to pawn shops to sell their gold, but be aware that a pawn shop will typically only give you bottom dollar.
It may sound silly but I have a question. I sold some gold to a gold dealer localy. He forgot to give me a receipt and now im a little concerned because when i got home I looked up his phone number on the bbb.org site and another business came up instead of the gold dealer business. What should I do. Can i reclaim my gold.
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