Sell Gold Jewellery Tips For Beginners

Persons who have an interest in selling their gold jewelry will certainly find no dearth of buyers. Numerous pawn stores, jewelry stores and online precious metals dealers are ever ready to pay cash for your gold. Additionally, gold parties facilitate participants to meet, exchange ideas and then go home with some little pocket cash. However, while gold is viewed by most as a solid fallback position during tough economic times, the gold market is today fraught with many risks. Below we look at several tips for the sell gold jewellery novice:

Ask For Buyer's Credentials

The gold buying business ought to be fully licensed by your respective state authorities to engage in gold trading. Ideally, you also should look for a gold buyer who has been doing the business for a couple of years. For example, if they have only been doing this for 6 months while also combining their activities with a gas station or a barbershop, in all likelihood you may not be receiving the best deal for your metal.

Check With Your Local Business Bureau

Writing for Angie's List, in December 2013, Travis Thornton of Hartley Jewelers warns that to weed out the genuine experts among the gold buyers flock could be delicate. This is one reason why gold trade experts advice on checking up with your local business bureau about the reputation of your buyer.

First Get An Appraisal

Get your intricate or antique jewelry appraised prior to selling it to any gold buyer who pays by the weight of the jewellery. A gold chain that was in fashion during the 1980s is almost certainly going to have more worth for its gold meltdown value than for its artistry. However, according to Cecilia Gardner, the President of the Jewelers Vigilance Committee, collectible jewelry could well be worth much more than just the gold that it is made of.

Do Compare Buyers

Because many buyers are quite keen to buy gold, it becomes worthwhile to obtain a number of bids prior to selling. Gold prices vary considerably, based on the location where you are selling it and the current gold price plus of coursed the existing demand.

Protect Yourself From Loss

In case you are selling to an online buyer, prior to shipping out your jewelry to the buyer, obtain an appraisal so that if by chance it gets lost, you will be having proof of its value. Additionally, you ought to verify the reimbursement policy of the buyer in case of loss.

Be Realistic

An old college class ring may give you a bit of extra cash, but certainly it will not make you an overnight rich gold trader. Dealers in scrap gold only pay you for the amount of gold contained in your jewelry, but remember there are extremely few jewelry pieces that are made of pure gold.

For instance, a 14-karat finger ring is just 58 per cent gold, the rest of it being base metals. The karat content is what determines what you receive. The highest gold content or pure gold is 24 karat.

Be Ready To Verify Your Identification

By law, gold buyers are required to ask all sellers for their government-ID. This is a requirement that has been designed to aid police investigations into cases of stolen property and to deter cases of money laundering. All gold buyers of repute do comply with these requirements and if they don't ask you for identification, you perhaps are in the wrong venue.


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The Gold Dealers Company conforms to all government laid gold trading laws. As a security expert at the Company, Abraham knows all what you need to sell gold. When you visit Gold Dealers Company, you get expert advice. You can also visit http://sellgoldsydney.com/ to get more info.