Selling Your Scrap Gold for Cash? 3 Tips to Help You Get Top Dollar
Are you looking for a way to make some extra cash without having to put in extra hours at work or part with any of the items that you use regularly? If so, selling off your scrap gold jewelry can be the perfect money-making opportunity. After all, what is better than the ability to get rid of items you have no use for and making money at the same time?
When looking to sell your scrap gold for some much-needed cash, you will want to make sure that you are getting paid top dollar for each piece. Thankfully, accomplishing this task can be rather simple when using the three tips outlined below.
Tip #1: Always Separate Your Gold By Karat
Gold is a very soft metal in its most pure form. This is why gold is typically combined with other metals when producing gold jewelry. The amount of gold that is contained in each piece of jewelry is communicated through a karat rating. The most common types of gold jewelry are 10 karat and 14 karat gold, however, you may also have pieces that are 18 or 24 karat gold as well. The higher the karat rating, the more gold the piece has in it. To ensure you are getting top dollar for all your unwanted gold jewelry, you will want to ensure that your gold is separated by karat before it is weighed. This will ensure that you are given credit for the higher value of pieces that contain more gold.
Tip #2: Sell Locally When Possible
While making use of a service that allows you to mail in your old gold can be rather convenient, it is far more difficult to control the circumstances of your sale when choosing to use these services. This can ultimately impact how much money you receive for your gold jewelry. For example, when choosing to use a mail-in service, you will not have any control over how your jewelry is separated before weighing it. You may also find that the current value of gold changes from the time your package is mailed out and the time your gold is processed. Choosing to sell to a local gold buyer will allow you to avoid these types of issues and allow you to walk away with cash the same day rather than waiting for a check to arrive in the mail.
Tip #3: Have Unique Pieces Appraised Before Selling Them to a Wholesale Buyer
If you have any old or truly unique pieces as part of your unwanted gold collection, you will want to take the time to bring these pieces to a local jeweler to be appraised before selling them to a bulk gold buyer. In many cases, these unique pieces may be worth more in their current form than when being melted down for their base materials. Determining the current resale value of these items can help you to make a truly informed decision and ultimately choose the most profitable way to get rid of your unwanted gold jewelry.
If you have more questions about the process, contact local scrap gold buyers.
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