Finding The Right Lender

3 Tips To Get More Money When Selling Gold

If you are looking for a way to get your hands on some cash quickly, consider looking for old gold jewelry items in your home. You can take these items to gold and silver buyers who will buy your pieces based off of weight rather than appearance. This is a good way to get rid of unsightly pieces while still getting some money for them. If you want to ensure that you get as much as possible, follow these three tips.

1. Have it Appraised By a Jeweler First

In many cases, gold pieces that aren't in their best condition or that are of an outdated style, are worth more money in weight than they are as-is. Plus, things like broken jewelry, old dental fillings and other gold items will obviously be worth more as melted gold than they are in their current state.

However, some pieces can actually fetch a higher price as-is, such as collectible jewelry pieces. This means that you may want to have your jewelry appraised by a jeweler or at a pawn shop first. Then, you can decide between selling your pieces by weight or as-is based off of your different price quotes.

2. Sell When Gold Prices are High

If you have been sitting on the same pieces for a while and don't need cash for an emergency situation, then there is no reason to rush out and sell your pieces today. Instead, follow the average price of gold online to get an idea of when prices are high. During these periods, gold buyers might offer you a higher amount for your pieces. Although a small fluctuation might not make a big difference when you are only selling one or two pieces, it can help you fetch more cash if you are selling a larger amount of gold.

3. Separate Your Jewelry

Take a look at your pieces; they should be engraved somewhere on the inside with their karats. If you are able to find this information, you should separate your jewelry by karat and have it weighed and paid for separately. Then, you can help ensure that the gold buyer isn't paying you a lower bulk rate based off of the lowest karat jewelry that you have brought in.

Selling your old gold items can be a great way to get your hands on some cash today, but if you want to ensure that you get as much as possible, follow these simple tips.