| In these tough economic times people are turning | | | | piece is probably made up of a different gold |
| to more and more ways to bring in extra cash. | | | | content. 14 carat gold is the most popular for |
| Many people are discovering that they have an | | | | rings and other pieces because it is more durable |
| asset that they have overlooked and it's typically | | | | than say 18 carat. It's more durable because it |
| sitting in a box on top of your dresser. Old or | | | | has more strengthening alloys in it consequently it |
| damaged gold jewelry is suddenly a viable way to | | | | has less gold content than an 18 carat piece. |
| bring in some money. | | | | Once you have an idea of what your gold is |
| Gold is at an almost record price right now which | | | | worth you can try two avenues to sell it. |
| makes even the lightest of your old jewelry | | | | Convenience wise it's easier to take it to a |
| pieces valuable. But just how valuable and who is | | | | jeweler but he or she will not be able to offer as |
| going to buy it. Hopefully we can explain a few | | | | much as a broker or a scrap shop. Pawn shops |
| steps that will allow you to make an informed and | | | | fall in the same category as the retail jeweler and |
| fair sale should you decide to sell your gold. | | | | perhaps will offer even less for your gold. |
| First inventory just what you have. Anything with | | | | If you check the yellow pages or do an internet |
| gold content has value. If your jewelry has stones | | | | search you may find a scrap dealer or even a |
| embedded in it see if you can get a jeweler to | | | | refiner in your area. This is where you are going |
| remove them as gold dealers are only going to | | | | to get the best deal because they are buying the |
| give you a price on the gold content not the | | | | gold content not the item's value as a piece of |
| jewels. In fact in some pieces the stones may be | | | | jewelry. Scrap buyers sell to refiners so if you |
| worth more than the gold. You can take the loose | | | | can find a refiner that's where you should start. |
| stones to a jeweler and see if they have an | | | | Having the appraisal before hand makes |
| interest buying them. | | | | negotiating the price significantly easier. The cost |
| If you have a fair amount of gold jewelry you | | | | of that appraisal will be more than made up for in |
| want to sell, get an appraisal first. You can't simply | | | | the higher purchase price you will receive for your |
| weigh the pieces and convert to carats as each | | | | gold jewelry. |