Important Protocol To Follow When Selling Gold Jewelry For Cash

25 July 2019
 Categories: Business, Blog


Gold is one of the most sought-after precious metals today. Having gold jewelry in your possession thus gives you a lucrative opportunity to make some cash quick. To ensure this gold jewelry selling process works out in your favor, remember the following tips. 

Find Out Value First

Before you head to a gold buyer and sell your gold jewelry, it's in your best interest to find out the value of your jewelry pieces. Otherwise, you won't know if you're getting a good deal or not. In order for you to not be taken advantage of during these negotiations, research your gold jewelry online.

You should be able to pull up prices people paid for similar pieces. If you don't have any luck, then you can always have your gold jewelry pieces appraised. You'll pay a small fee, but at least you'll have some figures to use as a baseline when negotiating with buyers.

Know Specifics

When selling gold jewelry to buyers, you want to come into these negotiations as informed as possible. You don't want the buyer getting wind of your lack of knowledge regarding your pieces, as they'll use this against you. 

After finding out the value of your gold jewelry, you'll need to understand their specifics. For example, you need to know the gold karat of each piece. You'll also want to know where the gold jewelry came from. The more you know about your pieces, the more confident you'll appear to buyers. This is so important for maximizing your profits from this sale.

Line Up a Buyer

There are a lot of buyers you can sell your gold jewelry to. These include pawnshops, jewelry stores, and independent buyers. Pawnshops will always take gold jewelry, but you may not get the best price for what you have. Jewelry stores will probably give you even less.

Independent buyers typically will give you the most money, but they may not always like what you have. You can even sell your gold jewelry online. If you take this option, it's imperative that you get the money first before sending your pieces off. 

If you have gold jewelry just sitting around collecting dust, consider selling it. You can make a lot of money in a short period of time. Just make sure you know what measures to take before starting this process, as it will help you avoid a lot of obstacles.