Selling Gold Jewelry Tips - Tips to Get the Most Money For Your Gold

Executive Summary about Gold Jewelry By Alan Liddy

My goal is to help you identify the resources that will help you get the most money for your gold jewelry if you are deciding to sell your jewelry for extra cash during these very difficult economic times. These are not tips to help you get the most money if you are looking to pawn your precious items. These tips will help you navigate some of the different options that you have when looking for the best place to sell your gold.

Tip Number 1

Think twice before selling your unwanted gold to pawn shops. Why, because this type of gold buyer is simply a middle-man that is making a profit off of your gold. The pawn shop will make the lowest offer possible for your gold so his profits will be maximized when the gold is resold to a refinery. I have absolutely nothing against pawn shops. Finding great buys in local pawn shops has been a hobby of mine for many years. If you want to find a great used home theater system, bicycle or lawnmower, go to a pawn shop and I am most certain that you will find a great buy for items like these. But if you are wanting to sell your gold and actually make a real profit, consider other options before selling your gold items to a pawn shop.

Tip Number 2

Hesitate before you run to your local jeweler to sell your unwanted gold. If you have a very nice piece of gold jewelry that is well made and has a lot of value as being a crafted piece of precious metal, then a jewelry store may be your best option. But if you have broken gold earrings or unwanted various gold items, local jewelry stores simply have no real interest in re-selling those types items. They may be willing to buy your scrap gold, but they are just not going to offer you very much money.

Tip Number 3

Think about finding an online gold buyer. If you have not heard of this type of gold buyer, let me fill you in on how they work. Typically you will navigate to their website where you will enter your information to receive a free mailing kit so you can send them your unwanted gold by mail. The different online gold buyers call it different things and describe it in different ways, but they basically offer the same service. Cash for Gold Review offers insight and takes a closer look at the so called top online gold buyer.

Where and How to Sell Gold Jewelry

Executive Summary about Gold Jewelry By Doug Preston

You see it all over these days, "buying gold", "sell gold jewelry for cash", "get rid of old gold in your house" but when it comes to time to actually do it be careful of where you decide to go. One major thing you should not do when you sell gold jewelry is take it to a pawn shop. The only reason that you should take it to a pawn shop is if you intend on getting your gold back but of course to get your gold back you have to give the money back plus interest. If you are intending on selling your gold jewelry permanently than pawn shops are defiantly the worst way to go. These businesses usually get very desperate people and unfortunately criminals both of which they can buy gold extremely cheap from. Criminals that bring in stolen gold really have few other options as legitimate companies will not buy it if they can tell it has been stolen. And people desperate to get cash really quick, unfortunately think they do not have any other option but are not aware of other services that will offer much more and can you cash very quickly.

Jewelry stores are a respectable option and will most often give you a little more for your gold. Jewelry stores can be used as a great point of reference as far as how much your gold is actually worth on the used gold market. I would not be a bad idea to take a quick trip to the local jewelry store and have them make you an offer, just be sure you don't sell anything at that time. Like I said, jewelry stores are usually not the best place to sell gold jewelry but they are legitimate businesses and an appraisal from them is a good place to start. I can tell you that nine times out of ten you will get more "cash" for your gold if you sell it to an online service and there are some good reasons for this. For one the internet is a huge market place and there is no denying that competition is no laughing matter when it comes to hundreds of people basically competing for the same space, search engine front pages. These companies are competing by offering more than the other guy for your unwanted gold and jewelry as opposed to a local jewelry store monopolizing the local market. Imagine what would happen if you had 10 jewelry stores lined up right next to each other; things would really start to get interesting. Another main reason that online companies can and do offer you more money for your gold is due to the fact that online companies have a fraction of the operating cost that location business do. So again it is really a simple equation, low operating cost, plus higher income, plus higher competition equals the means and the desire to offer you the more cash than any other type of gold buying business and there are no catches.