How To Sell Gold Jewelery For Beginners
It is easy to get overwhelmed as a first time seller of gold. There are tons of buyers all competing to get you to sell to them. This can make it quite difficult to make any decision even for full-fledged sellers. In the coming article I will explain how you can work out how much your gold is worth and how to sell it to a legitimate buyer.
The first thing you have to know in order to sell gold is how much gold your item contains. You can find this out by the use of karats. These karats (a unit of measure that measures how much gold is in an item) can range from twenty-four (pure gold) all the way down to one (less than 4%). The reason it can be so low is that hardening agents like nickel, zinc, or some other alloy are added during the smelting process to harden it up. Otherwise gold is a extremely soft metal that is worn down quickly. You should be able to find out what karat-age your gold is by a stamp somewhere on the item.
The next thing you have to understand is how much your gold weighs. This is referred to as gram weight. The gram weight will help you to figure out how much your gold is valued at by finding out the current price of gold (you can find this on almost every major financial site), multiplying that by the gram weight and then by a chart based on what karats the gold is.
The craftsmanship and design of your gold jewelery is another thing to consider when selling gold. It can have a huge impact on the price you get if you decide to sell to a jeweler or pawnshop instead of a gold refiner. There is no question that old-fashioned handmade jewelry is of higher quality than machine made, so you can generally get more cash for that type.
If you don't have any gold jewelery that is handmade or well crafted your alternative is to sell to a gold refiner instead of a jeweler
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