How To Sell Gold Jewelery As A First Time Seller

It is easy to get overwhelmed as a first time seller of gold. There are tons of buyers all vying to get you to sell to them. This can make it quite difficult to make any decision even for knowledgeable sellers. In the coming article I will explain how you can figure out how much your gold is worth and how to sell it to a legitimate buyer.

When selling gold you need to understand how much gold is in the piece. The way this is evaluated is by a unit of measurement called carats. The karatage of gold can range from twenty four karats, or pure gold, down to one carat which may only be 4% gold or less. The reasons that the quantity of gold in an item can change so much is that it is oftentimes mixed with other metals for example, silver, nickel, zinc, and so on and so forth. They do this because it can help the piece last longer and be harder. Gold in its natural state is a very soft metal which can be formed and eroded away exceedingly fast - particularly if it is employed a good deal. Nearly all gold should have the carats stamped on the item somewhere.

The next important crucial item that you should know when selling gold is gram weight. It is important to know how much the gold piece weighs because the higher the weight, the more gold it contains. Naturally you need to keep in mind the amount of karats of the specific piece. You can easily see this in jewellery where a very thin piece will be worth much less than a thicker more substantial piece even though they have the same caratage.

Another very noteworthy part of the selling process is the design and craftsmanship of the gold jewelry. Almost without question an antique well-designed piece of jewelry will be worth more than any kind of jewellery mass-produced by a machine. Handmade pieces are particularly more valuable as the craftsmanship is much better. Quality hand-crafted pieces almost always last longer than any machine made piece of jewellery. The result is that old-fashioned and well crafted pieces of gold jewelry are worth the most.

The last factor and in all likelihood one of the most noteworthy is the monetary value of the item. Just understanding the things mentioned above will help you work out a good price with the jeweler. You can find many discounts around you just have to be willing to look. Simply make sure before you even go out and begin looking that you have a clear picture in your mind of what exactly you want. Picture the carats, weight, design and craftsmanship that you desire beforehand. That way when you go out will all ready know your budget and what precisely you are looking for.

So if you follow all of these tips, you should be able to sell gold jewellery rather well. But of course you always need to do your own research into every jeweler and jewelry store. You might even look at pawnshops. That is really the only way that you can buy and sell gold jewellery safely.

Figuring Out Your Gold's Value

The best way to not get ripped off when selling gold is to find out how much your gold is actually worth. That way when the time comes and you get your payment finally form the gold dealer, you will be able to compare it with a figure that estimates how much it is actually worth. To do this you need basic math skill and a kitchen scale or jewelers scale. A jeweler scale is preferable because you won't have to convert from grams or ounces to pennyweights. Pennyweights is what gold is weighed by. If you need to convert it just Google search it.

The first step is to obviously weigh the gold. Once you have that, you need to figure out how much gold is in the item. Most jewelry will have the Karats imprinted somewhere on the item. Pure gold is 24 karats, anything under that is mixed with a hardening agent and is not pure. This is the category that most jewelry falls under. Because pure gold is too soft for daily use. The final step is to find out what gold is selling for right now. You can try goldprice.org or some other financial site. Now you convert that price to pennyweights and see how much it is worth at 24 karats. Once you have that you just multiply that by the actual karats.

Selling Gold Without Getting Ripped

Today people are looking to make money any way they can. Whether its an extra job, blogging and trying to make money online, or something else entirely. The point is, is that the economy is in a rut and people need extra cash just to pay the bills. Selling gold is one way to accomplish that. In fact it has become very popular lately and is a huge market right now.

As with every big market with the potential to make quick money, there are an abundance of scammers. It can be difficult to detect these con artists but one of the best ways there is to find out if the company is legimate or not is to research them online. Find out if they own their own gold refinery. It is safer to deal with those than with middleman. Look for companies in business for more than 5 years. That way you can sell gold for cash today in relative safety.