There may be plans to buy the latest trend gold jewellery items to wear them a forthcoming occasion. You may not have much cash to make the purchase. If so, then why don’t you sell off your old unwanted jewellery items for a good amount of cash. You can add some more cash to purchase the new design you have in mind.
Tips to sell gold jewellery
When selling gold jewellery is concerned, you need to understand that you will not get complete market value. Rather, the buyer will only offer a part of total gold scrap value. Buyers may have to melt down the old gold jewellery items. Hence, they will not pay for artisanship or style. They are also to bear the smelter’s charges, the professional who performs gold melting job. Moreover, the buyer would also be interested to retain some profit.
Shop around
Instead of stopping your search with the first buyer, you need to take out some time to identify several potential buyers. Get quotes from them. This will give you a fair idea of what can be expected from whom. When compared to others, different buyers may provide lower rates on the items. This is mostly determined by their profit margins. Pure gold is likely to fetch more price than jewellery items as the latter is mixed with other metals.
Local jewellers or Pawn shops
Selling gold jewellery can be made easy by approaching your local jewellers and pawn shops. Once gold jewellery weight is determined that you desire to sell, contact them. Find out the amount that the items will fetch. Generally, pawn shops may offer the least possible price. Hence will require you to haggle to get a good price! You may even visit a few local jewellery stores. They may be interested in your gold items.
Metal refiners
Refining firms may offer almost full market value for your gold items. But the hitch here is that most of them may be interested in bulk purchase only. Thus, if you have very few gold pieces, it can be a problem to get good rates. Also verify the company’s reputation at the right places to make the right approach. Avoid those with terrible reputations of unfair buying policies.
Gold parties
Such event types tend to take cue from various social gatherings or lingerie parties. You may socialize with others and perhaps may come across someone who may be interested to buy your gold jewellery items for a fair price. However, you might or might not get the desired price. But bargaining may help fetch a better price. Make sure the person you sell it to, is reliable and offers money.
Mail-in Jewel Buyers
There are several companies and firms that advertise on billboards, online or TV of buying gold jewellery items. Find out more about them and their reliability level along with the rates offered. You may perhaps be given a raw deal that could be less than about 30% of total gold market value.
What else to consider?
Make sure that the dealer interested in your gold jewellery weighs it properly by using legitimate weighing scales. Checking the buyer’s reputation with concerned government licensing body will allow you peace of mind and satisfaction.
