How to sell gold jewelry for cash
Turn karats into money! Gold buyers are buying this precious metal in unprecedented quantities and for the highest prices in years. And it’s not just gold that is being bought back more frequently than ever; used jewelry buyers are presenting a great option for tough times… turn those carats in to cash! So learn how to sell gold right now to get in on the action.
Here are some common questions and answers you may have when considering how to sell gold jewelry. Firstly, what price can I expect to be paid? Determine the karat value of your gold (i.e. 10k, 14k, or 22k). There is an inscription somewhere on the piece that tells you the karat value of the piece. A gold chain stamped with “375″ would be 37.5% precious metal, or 9K. If you are uncertain about all these, then have the gold tested by a reputable dealer. Next, the gold buyer will determine the gram weight of your piece using a gram scale. If you use ounce, convert to grams by multiplying by 28.35. Example: 2 oz. is equal to 56.7 grams. Then, the dealer will determine today’s price of gold per troy ounce. A troy ounce equals 31.1 grams.
Another common question when finding out how to sell gold: is used gold worth more or less than new? So for the issue of whether used gold is worth more or less than new the only things considered to determine the worth of gold jewelry are the karat, weight and market price of the gold. Following these simple guidelines, gold items are treated equally and the price is calculated according to the basic information provided.
As a general rule, used gold will only be worth more if it has antique or historic value. It is safe to assume that new gold has the advantage of having a higher value mainly because of its condition and aesthetics.
For more information, do a Google search on “how to sell gold jewelry”. Try to find sites that have a .org so that you can ensure the authenticity of the information.
Contact us for a free over the phone consultation today to learn how to sell gold, (714) 901-8000, or visit us in store at 15182 Goldenwest Street Suite 100, Huntington Beach, CA.
Cash for Gold Orange County is an easy, fast way to get cash for expenses now.
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