How to Sell Your Gold Jewelry Like an Expert

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Making the decision to sell gold jewelry you have stored away is still a great way for you to earn some extra cash. But knowing how to sell gold jewelry is a complex process that is affected by a variety of factors. Make sure to learn all you can about selling gold before you sell gold jewelry!

Here are some tips to help you sell gold jewelry like an expert:

Know your options: When the price of gold skyrocketed a few years ago, so did the number of different ways you can sell your gold. It’s up to you to decide whether you want to sell gold jewelry to an online gold buyer or a physical store location; just make sure you do your research about the pros and cons of both.

Pay attention to karats: A big part of making sure you get the most money when you sell gold jewelry is separating your items by their karat value. Karat is the measurement of a gold item’s purity — solid gold is 24 karats, which is rarely found in jewelry as gold is highly malleable. If you grouped a piece of 14 karat gold in with a piece of 10 karat gold, you’d be earning less than you should be for that piece of gold.

Take advantage of free appraisals: The best places that buy gold should have no problem looking at your gold and giving you an estimate of how much you should expect to earn from it. By going to a few different gold appraisers before you sell gold jewelry, you can compare and contrast these estimates to choose the buyer who will pay you the most money for your belongings.

Do your research: Unfortunately, many gold buyers don’t run the most reputable businesses. The boom in gold prices has led to an influx of gold buyers willing to scam people to buy gold for significantly less than they should be paying. To make sure you sell your gold jewelry to the right buyer, check out the Better Business Bureau’s approved gold buyers.

Watch the market: The market price for gold can fluctuate significantly in a short period of time, so it’s important to make sure you pay attention to the rises and falls in the price of gold before you decide to sell gold jewelry. This way, you can earn the most in exchange when you sell gold jewelry. Learn more about this topic here.

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