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How You Can Sell Your Gold Jewelry Quickly

How You Can Sell Your Gold Jewelry Quickly

2017-08-08

The price of gold has fluctuated over the last few years but overall, it’s going up. There are lots of ways to buy gold, and just as many ways to sell it when you need cash. If you need extra money and have some gold jewelry you can unload, you might think about selling it. However, not many people seem to know the best way to do this. Here are some surefire tips for getting top dollar for your gold jewelry in Atlanta.

gold

Understand Value Calculation

One of the first things you need to understand about gold is how different jewelers will measure its value. Gold is valued by weighing it. Regular measurements are 28 grams per ounce, but gold is measured by Troy ounces. There are 31.1 grams per Troy ounces. Also, do some research to find out the difference between pennyweights and grams. Some jewelers might try to pay you by the gram rather than by pennyweight, which will likely net you less money for your gold jewelry.

Research Karats

To sell gold jewelry, make sure you understand karats. Buyers of gold jewelry may use particular vocabulary to try to pay you less for your gold. By researching karats and understanding how karats are measured, you are in a better position to negotiate a good price for your gold. If you have multiple pieces of different karat values, have them evaluated separately so that potential buyers don’t weigh it all together and give you a price based on the pieces with the lowest karats.

Get an Independent Appraisal

Before selling gold and silver in Atlanta, see an independent jewelry appraiser such as at a jewelry store or online source first. The purpose is to get the actual value for your gold jewelry. Gold buyers are trying to make a profit as well so don’t go into the process expecting to get full value for your gold jewelry. However, knowing what your pieces are worth will give you a good starting off point for negotiations with potential buyers.

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