Cash For Gold and Where To Sell Jewellry

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The better jewelry to sell in this manner are the ones that possess no resale worth as jewelry

, such as old class rings (remove the gem), cast-off garden-variety wedding bands from an ex, or tossed out dental gold fillings.There may be some number valuable pieces at the bottom of your jewelry boxes and dresser drawers. Perhaps you forgot you possess them! A lone earring, busted chain, or even tired sterling silver flatware.Will your selling scrap gold efforts a worthwhile way to spend your time? To work out what your pieces are valued at, without giving an appraiser $50 to $200 per hour, utilize these guidelines about gold prices:First Off, look for the karat stamp of your piece. And Then, go to goldprice.org to see today's price for a troy ounce (31.1 grams) of 24 karat pure gold. If your jewellry is less than 24 karat, discount it proportionately. 18 karat is worth 75%, 14 karat is worth 58.3%, 10 karat is 41.7%. Then deduct 10-20% for the refinement costs, plus any net income the middleman purchaser needs from reselling it.To present to you a rough idea: when gold values were recently at their all time historical high of $1,160 an ounce, you may have received roughly $85 for a 14K wedding ring. How can you line up a scrap gold buyer who is not only dependable, but will give you the optimal price for your gold or other precious metals?Some people will not think about where to sell jewelry much, and will only drive to the nearest pawn shop to figure how much immediate payment they can pull in when they're interested in trading scrap gold.Or they may reply to a TV or newsprint ad from a local jewelry maker or national gold purchasing company.Since gold prices are at a record high, and the number of people who desire to get cash speedily is rising every day, several companies have appeared to attempt to cash in on this trend. Some of these companies capitalize on the everyday person's ignorance of the actual value of their gold.Regardless of who you sell your scrap gold to, it has to end up with a precious metal refinery. They have the equipment and licenses to purify the gold and reprocess it into gold bars suited for industrialized use.So to make the most cash, it's better to eliminate the pawn shop or different middleman, and deal directly with a time-tested refinery. They are not in the jewelry business or a go-between.You can request that they send out to you a postage paid, insured envelope that you can track on-line when you mail it. Make sure to fill in your detailed description of what you're shipping. Xerox your description, and snap a photograph of the items you're sending. Do not forget to take off jewels and any non-gold parts that are of value to you.The company uses non-damaging exams to figure out the day's market value of your jewelry.The most reliable companies phone you with their bid first, and if you agree with their terms mail you a check or direct deposit your cash right away. If you're not happy with the number, they'll return ship (insured) your jewellry at their expense.

Cash For Gold and Where To Sell Jewellry

By: Rebekah Lake George

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