Posts Tagged ‘gold jewelry’

Options For When You Want To Sell Gold Jewellery

Friday, December 24th, 2010
Selling old gold jewellery is a simple way to quickly make some extra money. Jewellery that is no longer worn is just taking up space anyway and might as well be sold for a profit. The only thing stopping most people from going ahead and selling old jewellery that they have lying around is a lack of knowledge about how to go about it. Fortunately, there are a number of convenient, profitable options for anyone interested in finding out how to sell gold jewellery.

The easiest way to sell old gold jewellery is to simply take it to a local store which purchases these kinds of items. Examples include some jewelers, pawn shops, and specialty gold buyers. If you have the time and resources, it is a good idea to have your items appraised before going to one of these stores. Even with an appraisal, this option for selling old jewellery is likely to result in a lower profit than some alternatives. The advantage is that it is quick and hassle-free. To sell my gold jewellery this very day, it is possible to take it down to the pawn shop and walk away with cash. More profitable options tend to require slightly more effort and a little more time.

Selling old jewellery online or through the mail is another convenient route that many people choose. Many gold buyers can be found on the Internet, and some advertise mail-in services on television. These types of companies usually ask people to send gold items through the mail. After receiving the items, the company comes back with an offer. Selling gold jewellery by this method has a couple of main benefits. For one thing, it is quite easy. Just mail the items in, and the gold buyer does the rest. Also, these specialty gold buyers tend to offer a somewhat better price than local stores. The drawback is that it can take some time. Be sure to find a reputable company with which to do business, because scam artists sometimes pose on the Internet as gold buyers.

The most profitable way to sell gold jewellery is also the one that takes the most effort. Selling old jewellery at auction allows for the option of setting a minimum reserve price. An appraisal will need to be done prior to approaching an auction house with items for sale. Once up for auction, items can potentially be sold for a substantial profit, since buyers will have the opportunity to bid up the price. As an alternative to a live auction, online auction sites like eBay can also be used.

Options for selling old jewellery exist to fit all needs, whether a person is looking for an immediate profit, a larger payout, or minimal hassle. In any case, it is certainly not a complicated task. It is actually an easy opportunity for someone who wants to make a little money.

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Posted in Sell Gold | 1 Comment »

How To Get Cash For Your Gold – The Basics

Sunday, April 12th, 2009

Unless you’ve been living under a rock for the past year, chances are you’ve seen the non-stop ads on TV, or in your local paper, or in national magazine, or on billboards and park benches, or…well, you get the idea.  Since the U.S. economic downturn, the companies that buy your old gold jewelry have been cranking up their advertising and raking in some seriously big bucks.  In this bad economy, many people are really hurting for money and selling old gold jewelry for cash is an easy way to get a quick cash injection.

It’s important to understand the process of how this all works, so this article hopes to educate you and help you about how to get cash for gold.  There are many, many different companies offering to buy your “old, unwanted jewelry” for cold, hard cash, so I won’t even try to list them here, there are just too many.

Most of the online sites work something like this:

  1. You give them your contact information
  2. They mail you an information kit
  3. You mail them your gold, usually in an envelope they provide
  4. They assess the quality of your items and weigh it and mail you a check
  5. Once you receive the check, you have a certain period of time to reject their offer and get your items back

Pile of cash and old gold jewelry

In a nutshell, that’s how the transaction works when you are dealing with an online gold buying company.  But there’s another way to get cash for gold that doesn’t involve the back and forth mailing process.  Many local jewelry stores have begun offering this service.  You bring the gold into the store, they assess and weigh it and make you an offer.  It may be done on the spot, while you wait or you may have to leave it with them and come back in a few days.  Either way, it’s a little more personal and less scary to do this process locally, but the local stores may not be able to offer you as much money as the popular online sites.

When you are selling your gold, you should always be careful to read the fine print and make sure you know exactly how the transaction is going to take place.  If you miss the deadline for rejecting their offer you may not be able to get your old gold jewelry back because it has already been melted down!  Look for future articles on this site for more information about using these cash for gold services.

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Posted in How It Works | No Comments »