Selling Gold Jewelry


image1Hello there, I’m here to help you out with some tips on selling your gold jewelry. Just the thought of selling off your old gold jewelry might have you seeing dollar signs in your head. Don’t rush to it though, before you go and sell them try out these simple tips. Don’t be impulsive. Take some time to carefully evaluate every piece of jewelry that you’re hoping to sell. Most pieces of gold jewelry have some sentimental value so make sure the sentimental value doesn’t outweigh the price you’ll get for the jewelry. Find a reputable buyer. Ask if the company is a member of a trade association such as Jewelers of America. Make sure they are licensed to buy gold jewelry in your state and check their status with the Better Business Bureau. Take your antique or intricate jewelry for an appraisal before selling it to a buyer that pays by weight. Designer or antique jewelry could be worth more timage2o sell as a finish piece then the weight of the gold it is made out of. Shop around and get bids from multiple places before you settle on a buyer. The offers you receive may vary significantly depending on where you sell your jewelry. Make sure you know what you have; most jewelry in the United States is 10, 14, or 18 karat gold which is comprised of gold and other alloys. When you sell your gold you will only get paid for the parts that are pure gold. Protect your jewelry; before leaving your jewelry with or shipping it to a potential buyer make sure you document and photograph the pieces. Check the company’s reimbursement policy in the event of a loss. Don’t forget to be realistic and remember that you will only be getting paid for the amount of gold in your jewelry minus fees the company must charge for refining. Following the tips we just went over will help you get your golds worth.

image3If your selling your jewelry to shop for some updated jewelry then I’ll share a few shopping tips with you here as well. This can be daunting if you’re not prepared. Arm yourself with knowledge on buying fine jewelry beforehand and your experience will be fun and exciting. Know where to shop as it is vital to shop at a well-established and professional jeweler. Ask a friend for a suggestion or check with the Chamber of Commerce. You can even check with the Better Business Bureau. Next check if they arimage4e affiliated with a trade association such as Jewelers of America which requires high ethical standards of all members. Don’t be dazzled by discounts. Be cautious if a venue is routinely offering unbelievable discounts of 50% or more. If it sounds too good to be true, it usually is. Savvy shoppers may even find the discount price is actually the normal price elsewhere. Look for a liberal return policy with a full refund. Note the window of time when the item can be returned. Ask for original packaging and an itemized receipt which should include the metal weight and any and all karat weights. When buying diamonds or colored gem stones over one karat in size ask for a grading report from an independent gemological laboratory. Good luck shopping.