Sell Gold Jewelry Online
Selling your gold jewelry can be an exciting way to earn extra cash. Gold rings, bracelets, earrings, necklaces, and pendants in pristine condition can have a good value not only because of their artful designs but also because of the price of gold.
For new or antique jewelry, it is advisable not to sell them for their scrap value since that would pay significantly less than its potential resale value. Cashforgold websites do not consider the piece's craftsmanship, aesthetics, or sentimental value when they create an offer for the item because ultimately they're simply going to melt it down. However, higher end buyers like The Estate Buyer have recently launched and they do offer additional compensation for high quality jewelry.
To know the price of your gold jewelry, you will need to have it tested to determine its value, which is based upon the item's karat weight,quality and the current price of gold. Be reminded that any gold jewelry that is less than 10 karats cannot be legally sold as gold. Furthermore, real gold jewelry typically has the karat amount stamped into it, although those hallmarks are not always accurate. The absence of a karat stamp often spells fake so you won't be able to sell that kind of jewelry most likely, but you can try.
To better understand the karat system with respect to the percentage of gold present in the item, refer to the table below:
- 24K = 99.99% gold
- 22K = 91.66% gold
- 20K = 83.33% gold
- 18K = 75% gold
- 14K = 58.33% gold
- 10K = 41.66% gold
Aside from the karat value, other considerations that can raise the value of your gold jewelry are as follows:
- Created by a top brand or manufacturer (Tiffany's, Faberge, etc.)
- Has antique, collectible or historic value
- Is in pristine condition - buyers might have to pay a premium.
- Aesthetics - pretty items are priced higher
Before doing transactions with cashforgold dealers and websites, it is best that you know the current price of gold and the quality of your goods so that you can choose the best possible offer for your gold items.
Gold Selling Resources:
