Where To Sell Jewelry For The Most Cash

The better jewellery to sell this way are the ones that have zero resale worth as jewelry, like hand-me-down class rings (minus the gemstone), cast-off typical wedding bands from an ex-spouse, or discarded dental gold.

There may be any number valued jewellery at the bottom of your jewelry box and dresser drawers. Perhaps you forgot you have them! A single earring, busted chain, or even old sterling silver flatware.

Will your selling scrap gold work a worthwhile way to spend your time? To calculate how much your pieces are worth, without paying an appraiser $50 to $200 per hour, employ these rules of thumb about gold prices:

First Of All, search for the karat impression of your gold. Then, visit goldprice.org to see today’s monetary value for a troy ounce (31.1 grams) of 24 karat pure gold. If your piece is less than 24 karat, discount it accordingly. 18 karat is worth 75%, 14 karat is valued at 58.3%, 10 karat is 41.7%.

Now deduct 10-20% for the refining fees, and add any profit the middleman buyer requires from reselling it.

To give you a general idea: when gold prices were recently at their all time historical heights of $1,160 an ounce, you could have picked up roughly $85 for a 14K wedding band.

How can you find a scrap gold buyer who is not only reliable, but will give you the best price for your gold or other precious metals?

A lot of people won’t think over where to sell jewelry a lot, and will simply drive to the nearest pawn shop to figure how much hard cash they can gain when they’re interested in selling scrap gold.

Or they might reply to a TV or newspaper advertisement from a local jeweler or national gold buying company.

Since gold prices are at a record breaking high, and the amount of people who need to find cash speedily is increasing each day, various companies have emerged to attempt to cash in on this tendency. Many of these companies take advantage of the ordinary person’s ignorance of the actual worth of their gold.

Irrespective of who you sell your scrap gold to, it has to go to a precious metal refiner. They own the equipment and permits to purify the gold and recycle it into gold bars suitable for industrialized use.

Thus to take in the most cash, it’s advisable to eliminate the pawn shop or other broker, and trade directly with a time-tested refinery. They are not in the jewelry line of work or a go-between.

You can request that they send out to you a postage paid, insured envelope that you can track online when you mail it. Make a point to fill in your thorough description of what you're shipping. Photocopy your description, and snap a picture of the jewellery you’re sending off. Don’t forget to take out precious stones and any non-gold parts that are of value to you.

The company employs non-damaging tests to specify the current market price of your jewelry.

The most honest companies telephone you with their bid first of all, and if you accept their price send you a check or direct deposit your funds immediately. If you’re not in agreement with the number, they’ll return mail (insured) your jewellry at their expense.

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Where to sell jewelry, single earrings, dental gold, broken gold? To a gold refinery.