If you are looking to sell gold for the first time you would be surprised at how difficult it can be. There are hundreds if not 1000's of gold purchasers out there and it can be challenging even for knowledgeable sellers. But what you really must know are a few key important elements that will make it much less of a chore. In the following article I will explain how you can figure out how much your gold is worth and how to sell it to a established buyer.
When selling gold you need to know how much gold is in the item. The way this is measured is by a unit of measurement called carats. The karatage of gold can range from 24 karats, or pure gold, down to one carat which may only be four percent gold or less. The reasons that the amount of gold in an item can vary so much is that it is oftentimes mixed with other metals e.g., silver, nickel, zinc, and so on and so forth. They do this because it can help the piece last longer and be tougher. Gold in its natural state is a very soft metal which can be formed and worn away exceedingly fast - particularly if it is utilized a good deal. Virtually all gold should have the karats stamped on the item someplace.
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 find out how much your gold is worth 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 carats the gold is.
The craftsmanship and design of your gold jewelry is another thing to consider when selling gold. It can have a huge impact on the price you acquire if you decide to sell to a jeweler or pawnshop instead of a gold refiner. There is almost no question that old-fashioned handmade jewelry is of higher quality than machine made, so you can generally get more cash for that type.
The final element and in all likelihood one of the most important is the monetary value of the piece. Merely 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. Just make sure before you even go out and start looking that you have a clear picture in your mind of what exactly you want. Understand the carats, weight, design and workmanship 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 observe all of these tips, you will be able to sell gold jewellery quite well. But naturally you invariably need to do your own inquiries into each jeweler and jewelry store. You might even consider pawnshops. That is really the only way that you can buy and sell gold jewelry safely.
When selling gold you need to know how much gold is in the item. The way this is measured is by a unit of measurement called carats. The karatage of gold can range from 24 karats, or pure gold, down to one carat which may only be four percent gold or less. The reasons that the amount of gold in an item can vary so much is that it is oftentimes mixed with other metals e.g., silver, nickel, zinc, and so on and so forth. They do this because it can help the piece last longer and be tougher. Gold in its natural state is a very soft metal which can be formed and worn away exceedingly fast - particularly if it is utilized a good deal. Virtually all gold should have the karats stamped on the item someplace.
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 find out how much your gold is worth 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 carats the gold is.
The craftsmanship and design of your gold jewelry is another thing to consider when selling gold. It can have a huge impact on the price you acquire if you decide to sell to a jeweler or pawnshop instead of a gold refiner. There is almost no question that old-fashioned handmade jewelry is of higher quality than machine made, so you can generally get more cash for that type.
The final element and in all likelihood one of the most important is the monetary value of the piece. Merely 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. Just make sure before you even go out and start looking that you have a clear picture in your mind of what exactly you want. Understand the carats, weight, design and workmanship 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 observe all of these tips, you will be able to sell gold jewellery quite well. But naturally you invariably need to do your own inquiries into each jeweler and jewelry store. You might even consider pawnshops. That is really the only way that you can buy and sell gold jewelry safely.
About the Author:
Zack writes about gold and gold related news on his site where he teaches people to find your gold's value and how to avoid cash for gold scams. If you would like to learn more about the art of selling gold please visit his site.
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