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How to Buy and Sell Gold Jewelry

Gold is indeed a unique commodity. Unlike other commodities, which produced to be consumed, such as oils or natural gases, gold is mainly produced for collecting purpose. This is the reason why gold hold special position from other commodities.

Gold that gets around in the general populous of the world today are mostly derived from change ownership from one person to another or from a financial institution to a person. It is rarely from recent mining activities, because the stock of gold on Earth is very rare now. From mining operation and activities, the total stock of gold in the world only increased by 1.7 percent per year.

The amount of gold that has been processed until today is only around 155 thousand tons. If everything is melted, then it would only cover about eight thousand cubic meter, or filling three-quarters of an Olympic standard swimming pool.

This is very small indeed, considering gold mining has been done for thousands of years.

In short, the supply of gold will never increase significantly, because the emergence of new gold mines is too small in numbers. This is why current gold price fully reflects the demand, not supply anymore. With this rarity, no wonder gold is considered as precious metal and used for creation of jewelries.

Gold jewelries are usually created by mixing gold with other metals. This is because pure gold is very soft and difficult to form. Metals commonly used for mixed materials are nickel, copper, silver, zinc, rhodium and others. In example, jewelry with gold content of 80 percent means that the gold content in the jewelry is only 80 percent, while other 20 percent are a mixture of metal.

With the mixture of metal involve, prices of gold jewelry might not congruent with the world price index of pure gold.

This means that while buying gold in the form of bars or coins can refer to world price index, the same case can’t be applied in buying gold jewelries. When the price of gold goes up in market, it doesn’t mean that price of gold jewelries will also follows. Prices of jewelries are mainly set by shops that sell them.

Each store has a different pricing policy. Gold shops with branded famous jewelries will market their jewelries at a high price, because of the quality of the gold, quality workmanship and its big name brands. Newer model of jewelries that are sold are usually pitched with higher prices than the old ones. This is because jewelry also a form of accessory and follows trends.

The same rules also applied when selling gold jewelries. The price offered by buyers might not in accordance to gold prices in the market generally. There are a lot of factors considered by a buyer before accepting gold jewelries. This is why it’s important that you find buyer that are willing to pay top price for your gold jewelries.

If you are looking for tips on how to be Gold Buyers, visit our site to know how you can Cash for Gold..


When to Sell Gold Jewelry – Timing Matters

Sell gold jewelry; it seems like everybody is talking about it. The Associated Press reported mass sell-offs in London and New York: “People formed long lines outside jewelry stores, clutching old coins, candlesticks, watches, bowls “anything that contained gold or silver.” It seems you can’t watch television or drive down the road these days without seeing an infomercial or billboard urging you to sell your old gold.

If you are seriously considering how to sell gold jewelry, my suggestion is don’t focus so much on the “how.” Instead, the smart way to sell your gold jewelry is to pay attention to the “when.” Timing is critical when you sell unwanted gold to ensure that you get the best price for your unwanted items and have a fast, safe, and reliable transaction.

Here are a few market conditions that affect the timing of when to liquidate your gold for maximum profit:

* Gold price – this one is pretty self-explanatory, but note that gold prices are hovering around the all time high in late 2008 and early 2009.

* Demand for your items – the more viable buyers there are equals more competition and ultimately drives the prices up benefiting you, the gold seller.

In the past, volume gold buyers only dealt with Fortune 500 companies and brokerage firms, but recently that trend has changed and now the public can also hawk gold items and reap the highest financial rewards available.

* Ease of sale – this one is personal and regionally driven, but basically how much hassle, time, and inconvenience is it for sell your gold?

* Knowledge of selling options – another personal factor that determines what selling routes you have available and again, how easy is it to sell gold jewelry?

The best news if you want to sell old gold, is that the timing is almost perfect right now.

Demand is very high and prices are skyrocketing. New consumer-friendly gold buyers simplify the sales process and bring the transaction right into your living room and onto your computer. With fast, stream-lined systems to get cash in your hands quickly and painlessly, there is really no reason not to sell unwanted gold jewelry and other gold items today.

Here is the simple 3 step process on how to sell gold jewelry, silver, platinum, and other precious metals.

Step #1 – Answer a few questions on a website. This takes about 30 seconds. You will receive a free information and mailing kit in the mail. In the meantime, dig through your jewelry box and or sock drawer and gather up any old gold, silver, or platinum (scratched, bent or broken, any condition is OK).

Note: There are no strings attached and you are under no obligation to sell your items until you choose to return your items in step #2.

Step #2 – Drop your unwanted items into the postage prepaid, secure shipping folder and return via US mail.

Step #3 – In about 24 hours, you receive a cash payment for your items.

It’s really just that easy to sell gold jewelry and cash in on the new gold rush. Join the growing list of satisfied customers who sell unwanted gold from the comfort of their home today.

Learn how to buy sell gold with our fast, convenient, and free service today. Do not get taken to the cleaners by companies that charge for an evaluation, ask you to pay to ship your items, or even lie about current gold prices. See how easy it is to get money for gold without even leaving the comfort of your home.


Selling Gold Jewelry – Glittery Or Jittery?

Anybody’s main aim is to earn good profits while selling gold jewelry. Most people sell jewelry because they might be experiencing financial hardships. There are many options available when you are looking for the best place to sell your gold. One thing which is never recommended by veterans who give selling gold tips is to sell gold at pawn shops. This is because this type of buyer is simply a middleman who is trying to buy cheap from you so that he can re-sell it for a profit.

Important Tips Before You Sell

As already discussed, pawn shops will not offer you the best price if you are selling gold coins or selling gold bullion. Similarly, local jewelry stores will show disinterest in buying broken gold rings or unwanted gold items. They may buy scrap gold from you, but they will certainly look out for the best bargain. If you are selling gold nuggets or selling diamonds, you could try your hand at jewelry store. These stores also show a fascination for a wonderfully-crafted piece of precious metal.

You could also consider selling gold jewelry on the internet. You can go to a site that buys and sells gold. Next, you can browse through their site and find the page where they will request your information and typically mail you a free mailing kit. You can send your unwanted gold by mail. These services may have different names, but they all have a common purpose – buying from people who are selling gold. These sites have low overheads, and they usually don’t advertise a lot. They may offer a good price if you are selling gold watches or other items of the precious metal because their overhead costs are low. Online shops definitely offer better payouts than local pawn shops and jewelry stores.

Anybody who is buying your gold will do so by checking the back of the jewelry box for the price, which is mentioned based on the weight of its gold content. This price will not include handling fee. The buyer will usually melt the jewelry, extract the gold, and resell it or use it for himself. You could either pocket the cash or trade it for something better. Whatever you do, know the facts about gold and the facts about silver, whichever precious metal you are selling.

Facts about Silver

Talking of silver, it is also enjoying the highest price like gold at the moment. You can expect a profit if you are selling silver jewelry or selling silver bars. One of the easiest ways of selling sterling silver or selling scrap silver is to do it online. The process of selling is similar to that of gold. Once you have sent your jewelry to the online store, you should wait till you receive a call or an email from the store. They will intimate you once your items have been appraised. If you agree with the price, a check is usually sent to you within 48 hours.

E-bay is another good option if you are selling silver flatware, selling silverware, or selling silver coins. These tips may be helpful, but there is nothing wrong in taking the help of a certified jeweler if you are selling gold jewelry or selling silver. Getting your facts right will render you glittery and not jittery.

If you are also planning of selling gold jewelry, try www.buynsellgold.com. . This site is excellent to show your jewelry’s photos or any certificates attached to your valuable possession.


Where to Sell Gold Jewelry? The Best and Worst Places to Sell Gold Jewelry

By the time your finished reading this article you will know exactly where to sell gold jewelry. Once you decide where to sell gold jewelry the rest of the process is really very easy.

If you’ve been looking to sell gold jewelry that’s the most important question you’ve been trying to get answered. There are literally dozens of places to sell gold jewelry but when it comes to time to actually do it be careful of where you decide to go.

Seller Beware

Just because you see a company advertising that they will pay you the most cash for gold does not mean that they will give you the most cash. It is very important that you choose a company that gives the highest payouts possible.

The last place you ever want to sell gold jewelry is a pawn shop. They are used to dealing with people that are desperate for cash and are usually willing to take whatever they are offered.

People who use pawn shops either want to remain unknown or need the money that very minute. Hopefully you don’t fall into this category.

Where To Sell Gold Jewelry

A jewelry store can be a good option and will give you more money than the pawn shop. However jewelers are used to paying wholesale prices for gold so you won’t get the most cash possible.

It is a good idea to get an appraisal from a jewelry store that way you have an idea what your gold is actually worth. You won’t get retail price for your gold but you also don’t want to get caught up in a cash for gold scam.

Why Online Companies Are The Best Choice

Your best choice is to use an online gold buyer. Online gold buyers have to ability to pay more for a few simple reasons.

The first reason is competition.

The online companies have to fight with each other to secure a share of the market. They try to win customers by offering the most cash for gold. The good news you come out the winner.

The second reason that online companies can give you more is because of their operating costs. It costs mush less to operate and advertise an online business compared to the costs of a brick and mortar store. Add on the fact that the online stores do much more business than a local store. With more profits they can pass some of that on to you.

It’s important to read cash for gold reviews and examine independent studies. Figuring out where to sell gold jewelry can be an easy task once you have the right information.

Want to know where to sell gold jewelry for 3x’s More Cash? Don’t become a victim of the cash for gold scam. To read a full Consumer Report and watch a Special News Report Video visit http://www.CashForGoldReports.com. My friend, if you are seriously interested in selling gold, I urge you to visit this website before you do anything else.


Simple Tricks On Selling Gold Jewelry

As you can see, gold price is very high today. Many people have thought of selling gold jewelry for cash. If you intend to do it, please consider what you have and know what it is worth before trying to sell your gold jewelry.

 

First you need to realize how much gold is in your jewelry. Most dealers base their pricing solely by the scrap metal value of your gold so it is worthwhile to look at the gold marking to determine carat weight. In most countries by law, the carat stamp is a requirement on any gold jewelry to be sold in stores and it is the first indication of the gold content in any gold jewelry coming from a reputable seller. Most items in the North American market would be marked 10k, 14k, 18k to show the purity of gold in a particular piece of jewelry. European standard is different and it is measured in parts per thousand and would be stamped 416, 585, 750.

I will discuss what that means below.

 

If you have gold filled jewelry, electroplated jewelry or gold plated jewelry then in most cases it would not be worth to try and sell them for the gold content and most dealers will refuse buying this type of jewelry. The most common stamps for such items are GF (gold filled), GP (gold plated) and finally EGP (electro gold plated)

 

Gold karats are expressed in units of 24ths. Thus, pure gold is 24-karat or 100 percent gold, 18-karat is 75 percent gold, 14-karat is 58.5 percent gold (585 european stamp), 10-karat is 41.6 percent gold (416) and so on. The conversion is simple; divide the karat value by 24 to get the percentage of gold, ex: 10/24=0.416 and so on. The price of gold which we all see on TV is based on a troy ounce which is approximately 31.1 grams of pure 24K gold in standard exchange form such as bars or coins. If you are selling gold bars or coins, the spot price is what you should be aiming at but keep in mind that any offer from a dealer will always be slightly less than market value since the dealer has to make a profit.

 

Cash value for gold jewelry is much less than the appraised value and there are a few reasons for that. First of all, the appraised value of a jewelry piece includes the labour and the retail mark up of your gold jewelry since the appraisal is most likely done for insurance replacement costs of a particular piece. Retail mark ups on jewelry are astonishing and most people don’t realize that when they try to sell gold. The reason is simple; since jewelry is a luxury item and doesn’t go out of style, become obsolete or break down like an electronic item (stereo, tvs, etc), it often sits on display for months and even years before being sold at a retail store, and since every jewelry store has high overhead, jewelry is often marked up by as much as 600 percent to turn any profit. You have to assume unfortunately that the price offered for your gold jewelry will be much less than you paid for it. The value of gold constantly fluctuates and depends on many factors. Always check the current price before selling and take a note of it when shopping around for a quote.

 

My advice is to avoid mail in gold buyers. Most of these companies have a high overhead and advertising costs and you will lose some control when you mail in your jewelry since you can’t be there when your gold is checked and weighed. I have heard many complaints from my customers regarding such services and while they may be beneficial for someone who doesn’t have the time to shop around, such customers end up paying for this convenience of getting a check in the mail. Know what you are selling first if at all possible!!! Go to two or more dealers to get quotes. Most reputable dealers will be willing to tell you how much they will pay for your piece for free and with no obligations.

 

Ernest Marbar
Gold Lobby
372 Bank Street
Ottawa, Ontario
K2P 1Y4
613-789-9090
http://www.goldlobby.ca