If you have old jewelry or other gold items you never use, selling them can provide you with extra cash you can use to pay off debt, take your family on vacation, or for any other use you can think of. When you sell, you’ll want to be sure that you feel you made a good deal. Knowing the purity of your gold, whether the object has any special worth, and how to talk to a buyer will all give you the confidence to sell your precious metal. Here are our tips for preparing to go to an interested buyer.
Gold is rated by its purity. So, 24-carat gold is over 99% pure gold, while 14-carat gold is 58.5% pure. Most jewelers stamp gold products with the purity, which you can find by looking carefully. If there’s no purity mark, the object will need to be weighed and subjected to tests to determine the purity. The amount of gold is the central element that determines how much your object is worth. If the piece you want to sell has precious stones, you’ll need to get it weighed with those removed to determine the exact weight of the metal. However, as stones add to value, you can expect to receive more than just the weight of the gold, in this case.
If you have a gold clock or other special object that was made by a known studio or artist, it will be worth more than just the sum of its parts. Have your piece appraised in this situation. Nobody likes feeling buyer’s remorse. Sell your gold and other jewelry when you feel totally comfortable with the price and terms being offered.
We at the Élan Diamond Group are professionals with over 30 years of experience in the jewelry and precious metals business. Located in Atlanta, Georgia, we offer a wide selection of jewelry, watches, and other high-quality items for sale or loan. We’re also appraisal experts who can provide you with information about your pieces or buy your precious metals or gems. With a long reputation for honesty and fair offers, we have a clientele that values our ability to identify metal quality and make offers. If you want to sell your gold or other precious-metal objects, contact us today.