Selling gold jewelry that you are no longer wearing or that you’ve inherited is an excellent way to make a little (or sometimes a lot) of extra money. Once you’ve decided to sell, there are a few tips you should keep in mind to make sure that you get the best price for your gold jewelry.
Sell to a Local Buyer
The best thing you can do to ensure an excellent payout is to choose to sell to a local buyer with a great reputation. Check reviews and customer testimonials to find a business in your area that makes you feel comfortable selling. When you bring your jewelry into a brick-and-mortar location, you build trust with the buyer, and local businesses are far more likely to offer you the best possible price.
Seek Price Transparency
Before you sell your gold jewelry, it is important to think big picture so you can make an informed choice for the price at which you’d agree to sell. Take your time and review the prices that different businesses are willing to pay for your jewelry before you make a decision. Compare those prices against the current spot price for gold so you can see how the prices you’re being offered stack up.
Understand the Value of Your Pieces
When seeking the best price for your gold jewelry, you’ll want to first understand how much your pieces are worth. One way to think about this is to separate the value of the gold from the value of any precious gemstones or diamonds that the piece may contain. Some pieces may be worth less because they contain gemstones, not more. This is large because it requires extra effort on the buyer’s side to process those precious stones when melting down the gold. Worry not, however, because there is often a workaround. You can avoid the devaluation of your jewelry by simply removing precious gemstones from the piece before you sell it. Some businesses may offer you a higher payout this way. Remember, you can have your pieces evaluated to determine if this is a better option for you before you modify the piece in any way. Speak to your local precious metals buyer if you have any questions regarding the precious gemstones in your piece.
Get the Best Price for Your Gold Jewelry at Gold Rush
Selling your jewelry can be exciting, but it can also be difficult if you aren’t properly prepared and informed. At Gold Rush, our team of certified experts will walk you through the process of selling your gold jewelry from start to finish to ensure that you feel safe and comfortable each step of the way. Gold Rush works in conjunction with a global network of specialists, experts, and wholesalers so that we can offer you the absolute highest payouts. We strive to provide the highest quality service as well as genuine expertise. Reach out to Gold Rush when you’re ready to sell your gold jewelry for the best possible price.
