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Where To Sell Scrap Jewelry
The better pieces to sell in this manner are the ones that have no resale worth as jewelry, such as old class rings (remove the gemstone), used garden-variety wedding bands from an ex-spouse, or disposed of dental gold fillings.
There may be some number worthwhile items at the bottom of your jewelry boxes and dresser drawers. Perhaps you forgot you have them! A unmatched earring, broken chain, or even old sterling silver flatware.
Will your trading scrap gold work a worthwhile way to spend your time? To figure out what your jewelry are valued at, without paying up to an appraiser $50 to $200 per hour, apply these rules of thumb about gold prices:
First Off, search for the karat stamp of your gold. And Then, visit goldprice.org to check today's price for a troy ounce (31.1 grams) of 24 karat pure gold. If your piece is less than 24 karat, deduct its value it accordingly. 18 karat is valued at 75%, 14 karat is valued at 58.3%, 10 karat is 41.7%.
Then subtract 10-20% for the refining fees, and add whatever net income the middleman buyer needs from reselling it.
To give you a approximate idea: when gold values were of late at their all time historical high of $1,160 an ounce, you may have taken in around $85 for a 14K wedding ring.
How can you line up a scrap gold buyer who is not only honest, but will offer you the best price for your gold or other precious metals?
Many people won't
ponder where to trade jewellery much, and will just drive to the nearest pawn shop to find out how much cash they can take in when they're concerned with selling scrap gold.
Or they might reply to a Television or newsprint ad from a local jeweller or national gold purchasing company.
Since gold prices are at a record high level, and the number of individuals who need to get cash speedily is increasing each day, various companies have appeared to attempt to cash in on this tendency. Some of these companies capitalize on the normal person's ignorance of the actual worth of their gold.
Irrespective of who you sell your scrap gold to, it needs to end up with a precious metal refinery. They have the equipment and permits to purify the gold and recycle it into gold bars suitable for industrial use.
And so to take in the most cash, it's advisable to eliminate the pawn shop or other middleman, and trade directly with a reliable refinery. They are not in the jewellery line of work or a go-between.
You can request that they mail 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. Xerox your description, and take a picture of the pieces you're sending. Don't forget to take out gems and any non-gold components that are of value to you.
The company utilizes non-damaging examinations to assign the current market price of your pieces.
The most honest companies phone you with their offer first of all, and if you agree to their price mail you a check or direct deposit your cash immediately. If you're not happy with the offer, they will return ship (insured) your jewelry at their expense.
About the Author
Selling gold jewelry
can get you some fast cash these days. I'm getting quotes from a few buyers.
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