Selling your gold jewelry can often be a great way to make a bit of extra money, particularly if it is jewelry that you don't really wear all that often anymore. Listed below are three steps you can take to make sure that you get the most money possible when selling your gold jewelry.
Make Sure That Different Karats Are Weighed Separately
One of the most important things that you can do when selling your gold jewelry to a gold buyer is to make sure that you have the buyer weigh all of the different karats of jewelry separately. The reason for this is that it is not uncommon for a gold buyer to simply lump all of the jewelry together, weigh it, and then pay you the value for the lowest karat in the bunch for everything. Now, this doesn't necessarily mean that the gold buyer is attempting to rip you off: he or she may be weighing everything together simply because it is the most expedient process available.
However, it is still beneficial for you to make sure that you know the karat value of each piece of jewelry that you are selling and then have each group weighed separately. As a result, you will likely get far more money for your gold jewelry.
Consider Having the Jewelry Appraised First
Another important step to take in order to maximize the amount of money that you get for your gold jewelry is to have it appraised first. The main reason for having the appraisal performed is that it can determine whether your jewelry has value beyond the simple gold content. If your jewelry is an antique or from a famous brand or boutique, then there is a very good chance that your jewelry would be better sold to a jewelry store rather than a gold buyer that would really pay you only for the gold content.
Check the Price of Gold
Finally, in order to maximize your profits when selling a piece of gold jewelry, you will want to make sure that you check the current price of gold before selling. The reason for this is that an unscrupulous individual could choose to offer you a lower price than the current market value of gold because he or she assumes that you are desperate for money and in a hurry or that you simply did not do your research and will take his or her word for the current value of gold. However, if you check the current price of gold before visiting a gold buyer, you will be able to catch any unscrupulous actions and either call the buyer out on the matter and get the correct value or take your business elsewhere.
Contact a gold-buying company today in order to discuss what steps you can take to maximize your profits when selling your gold jewelry. Making sure the different karats are weighed separately, considering having the jewelry appraised first, and checking the price of gold before you sell are all easy ways of getting more money when selling your gold jewelry.
For more info, talk to a gold buyer in your area.
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