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Vintage Project

Tips On How To Get The Best Price For Your Outdated Gold Jewelry

Selling gold jewelry for money to capitalize on the increasing gold price level is getting popular nowadays. There are plenty of gold buyers, including internet based scrap gold buyers, who are prepared to fork out good prices for your gold jewe1ry. Here are a few 'selling gold jewelry tips' that you'll find handy.

When times get tough, people tend to sell things they no longer need like old gold jewelry. The way that this is accomplished is by using online jewelry stores or even a local hometown jeweler that is willing to buy. Before you sell any gold jewelry, though, it's a good idea to make sure you know what it's really worth. Do not let the jeweler have the upper hand by coming to them without knowing the true value of what you are offering. In the paragraphs below, you will learn how to not get shortchanged for your gold jewelry once it is time to sell.

One obvious way to get money for your old gold jewelry is by selling it to a jewelry store. People that sell gold jewelry on a regular basis know that selling gold jewelry in lots is much more effective and fast opposed to individual sales. As a general rule, gold jewelry that is sold to an actual store, opposed to a pawn shop, will yield a higher selling price in most cases. The most you can expect to get for your gold jewelry is going to be around 50% of the retail value which has to do with the fact jewelry stores must sell it later for retail value to make money on this transaction. You should try a few different jewelry stores and see if one offers you a better price.

Before selling your jewelry make sure it's in tip top condition by carrying out repairs or polishing it. Obviously, if you're selling gold jewelry to someone who's paying you by the ounce, it won't matter, but if you're selling your jewelry to people who want to actually wear it, small imperfections and scratches can make a big difference. Allowing a professional jewelry cleaner to fix up your jewelry is the best thing to do if you're not sure how to do it. It might also be worth it to have any necessary repairs done, especially if it's a valuable piece of jewelry.

If you want to sell your gold jewelry to a company, whether it be a local one or one online, check that they have a good reputation. You should try and find as much as you can out about the company. Take a look at if they have had any complains made again them, and also check if they're working with the Better Business Bureau. Go online and see if you can find any customer reviews about the company. You wouldn't want to deal with a company with a bad reputation, or one that's brand new and may be fly by night. There are many trustworthy companies to whom you can sell your gold jewelry, but it's sensible to do a little research before doing business with anyone.

To get the absolute best price for your used jewelry you may have to wait a bit. Even if you need money, it's best not to be in too much of a hurry. You should ideally ask a few different people how much they'd be willing to buy your jewelry off you for. If you don't mind waiting you can try to sell your jewelry as individual bits to try and get a better price. If you don't believe an offer is worth the true value of your item, don't sell it.

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