One of the fastest ways to earn some additional cash is to sell your unwanted pieces of gold jewelry. However, it is not always easy to get the best deal out there. There are a lot of businesses out there that offer cash-for-gold services. Thus, you might be overwhelmed with your options. While there are a lot of cash-for-gold businesses to choose from, most of them don’t offer the ideal price.
You might be offered more money if you sell your gold online or via a high-street jeweler. Unfortunately, it might take a lot of time. This isn’t ideal if you need the cash as soon as possible.
Fortunately, we’re here to help. Whether you choose a cash for gold Bexleyheath business, a high-street jeweler, or other options, here are a couple of tips you can follow if you want to sell your gold jewelry:
Always Be Realistic
For almost every individual, selling gold jewelry won’t make them rich. However, it may put a couple of additional money in their pocket. Keep in mind that you’ll only be getting paid for the amount of gold in the jewelry. You should also remember that several companies have to charge fees for refining the gold.
Know the Current Price of Gold
There are a lot of websites out there that help you keep up with the current prices of gold. However, you should keep in mind that the listed price won’t be the price that you’ll get for your jewelry. The price on these websites will just offer you a reference point when comparing several offers.
Before you ship your jewelry to or leave your jewelry with a potential buyer, you’ve got to photograph and document the pieces. You should examine the reimbursement policy of the company if the jewelry is lost. Also, make sure you get an appraisal if the value is high.
Before you settle on a buyer, you should get estimates from several businesses and companies. The offers you get might greatly differ. This depends on where you want to sell it.
Look for a Reliable Buyer
Make sure you check that the buyer has a license in your state to purchase gold jewelry. To make sure a business is reliable, ask if they’re a member of a jewelry trade association. This includes Jewelers of America. These associations require members to have high ethical standards. Also, visit the Better Business Bureau website and check if the business has any client complaints with regards to selling or buying gold jewelry.
Understand What You’ve Got
Keep in mind that gold jewelry isn’t completely made of gold. Almost every piece of jewelry in the US is 18, 14, or 10-karat gold that is made of gold and other metals. You’ll only get paid for the parts that are pure gold when selling your jewelry.
Get an Appraisal
Before you sell it to a buyer, have your intricate or antique jewelry appraised. Antique or designer jewelry can be worth more to sell as a finished piece than for the gold metal.