If you are deprived of cash, the easiest way to get money – to sell your gold jewelry – is to get money for gold. The price of gold is rising, and buyers of gold have a lot of newspapers, the Internet, radio and television.
To get the most out of gold jewelry, you need to be very careful and follow the right channels.
How to sell gold jewelry
Start by dividing jewelry into different categories: broken, missing parts and antiques. Your next step should be the right price of your gold. It should be noted that there are many people who pretend to be professional jewelers, but this is not the case.
To be safe, you need to find reputable jewelers at your local business improvement office. If you live in the United States, you should find wonderful jewelers from the American Gems Society.
The jeweler will analyze the gold and give you the value in carats and the weight of the gold in a penny. There are several jewelers who will give you weight in troy ounces. You don’t have to agree with the cost of one jeweler – you have to get a price from at least three professionals.
In addition to getting value from a number of jewelers, you also need to determine your own gold value online. The coolest thing is that there are many online calculators to help you determine the value in seconds.
You can also calculate the cost yourself. Start by determining the percentage of gold in jewelry. Always remember that 24 carats is 100% gold; so to get the percentage of gold in jewelry, you have to divide the carat jewelry by 24.
For example, 18-carat jewelry is 75% (18 carat / 24 carat = 0.75 = 75%)
By the percentage you will be able to determine the weight of the gold. To do this, you only need to multiply the percentage you get by the fixed weight of your jewelry. For example, in an 18-carat gold ring weighing 20 grams 15 grams of gold (29 g X75 = 15 g).
To translate weight in ounces, remember that 1 g = 0.0353 ounces; therefore 15 g = 0.53 g (1 ounce / 0.0353 g).
To get the value of gold, you need to multiply the weight of the gold (in ounces) by the current price. For example 0.53 g X $ 1000 / ounce = $ 530
With all the information with you, you need to explore your sales opportunities. As mentioned above, the price of gold is rising; so it is easy to find a gold buyer. It should be noted that different buyers will accept different qualities of gold. For example, online shoppers will accept broken jewelry, but jewelry stores will only accept undamaged jewelry.
If you have broken jewelry, you should think about selling them for gold purchase or buyers of broken jewelry and keep the whole jewelry for jewelry stores.
You should reach out to different buyers and compare their prices. Generally, you should buy from a buyer by providing the best prices for your gold.