Is Selling Your Unwanted Gold Jewelry Really Worth it?

It's hard to watch TV these days without beingHow Much Will I Get For My Gold?
bombarded by offers to buy your old goldHow much you will get for your unwanted
jewelry that you don't wear anymore. Thejewelry depends on two main factors: the quality
reason for this, of course, is because the price ofof the piece and who you sell it to. Of course, the
gold is at record highs due to the sour economyhigher the karat content of the gold, the more
and dropping global value of the American dollar. Ifyou will receive for it. The karat weight number
you've been hesitating to sell your unwanted goldrepresents the percentage of gold contained in
because you're not sure if it's the right thing tothe metal that makes up the jewelry with 30
do, here are a few tips to help you make up yourbeing the highest possible number. You will
mind and know where to go.therefore get more for 24 karat gold than you
Should I Sell?would for 16 karat gold.
Great items to sell to a gold buyer are brokenBeware who you sell your jewelry to: it will make
pieces that you know you'll never want to weara difference in the price. You want to be leery of
again and single earrings whose mates havethose who say that if you just send them your
disappeared long ago. Unless you really need thejewelry in a pre-paid envelope, they will pay you
money, you may want to hang onto any heirloomfor it in return. First of all, you have no guarantee
jewelry that has been passed down to youthat you will ever see any money! Secondly, such
because it has sentimental value along withoutfits generally pay pennies on the dollar. You are
monetary value.better off sticking with a local outfit: a jeweler or
Heirloom jewelry that you consider unwearable ascoin dealer will be best. The less middlemen, the
it is now can easily be transformed intobetter price you will get: a reputable coin dealer
something modern by a skilled jeweler. The rule is:will often be able to offer you 80 to 90 percent
now is a good time to sell because the price ofof the market value of your piece!
gold is extremely high, but don't sell anything youNow is a good time to sell that unwanted gold
will regret later when times are better. Heirloomsjewelry: just be careful about choosing the pieces
are simply irreplaceable, so give them a lot ofyou want to sell and who you sell it to.
thought and take your time deciding.