Finance | Xn Kmmerling

Posts Tagged ‘finance’

Friday, July 30th, 2010

Keys To Selling Your Scrap Gold For The Best Possible Price

Unfortunately, the majority of people who are selling their old gold jewelry and scrap gold are doing so for a much lower price than necessary. Even worse, many of them are completely unaware they could get a better price by doing a small amount of research online. The difference between a fair price and what they actually receive is often in the hundreds, even thousands, of dollars.

If you’re thinking about selling your broken gold bracelets, old class rings, and other pieces of jewelry, take the time to find the best price. It’s simpler than you might think. Below, we’ll provide a few key suggestions to help you get started. The following tips will help you avoid buyers who will offer you much less for your scrap gold than you deserve.

Assess The Value Of Your Scrap Gold

Don’t assume the price you see on a buyer’s website reflects the current market price. Often, it merely reflects the price the buyer is willing to pay sellers. Look in the newspaper – or online – to find the current spot price per troy ounce.

Next, separate your gold pieces into individual piles by the number of karats. 24 karats is considered pure gold while 8 karats is the least pure. The number of karats determines the percentage value of the price per troy ounce. Use a jewelers scale to weigh each pile, and then calculate its value by weight and karatage.

It’s important to know how much your old jewelry and scrap gold is worth prior to approaching potential buyers. Otherwise, you’ll run the risk of accepting a lowball offer that doesn’t truly reflect your items’ worth.

Say “No” To Gold Parties, Pawnshops, And Jewelers

Some of the most common places people visit to sell their gold watches, chains, earrings, and rings are unlikely to offer a fair price. Gold parties are popular because there is a social element that makes attendees feel at ease. A host invites her friends and acquaintances to the party, and encourages them to bring their scrap gold pieces. A buyer is on hand to offer cash. However, the price offered is rarely, if ever, fair to the seller.

Pawnshops are limited in the price they can offer because the owners need to sell the items for a profit. Keep in mind they will have a difficult time selling broken jewelry to their customers, so are unlikely to offer a fair price based on the gold content alone. The advantage of working with a pawnshop is that you’ll receive cash within minutes. The drawback is that you would have received far more from an online buyer.

Jewelers won’t sell your old gold jewelry to customers. They’ll simply “flip” your pieces to another buyer up the food chain. Thus, the price they’ll offer you must be low enough to allow them to make a quick profit.

If your goal is to find the best price, avoid the buyers described above. There are online buyers who are easy to work with, and will offer a fair price base on the gold content in your jewelry.

Work With A Reputable Refiner

Over the last few years, there has been an enormous increase in the number of online gold buyers. Most people are unaware these buyers are brokers. They will purchase your gold pieces, and sell them quickly for a profit. Often, they will sell the pieces to a refiner who smelts them before assaying and refining the gold. The metal is then recycled back into the market for use in new jewelry.

Circumvent the broker, and work directly with the refiner. Most reputable refiners are happy to buy your gold jewelry and scrap without going through a broker. As a result, you’ll receive a higher price for your pieces.

As mentioned earlier, a small amount of research will open the door to higher prices for your gold chains, brooches, earrings, and even old dental work. Depending on the size of your collection, the difference might be measured in the thousands of dollars.

Sell your scrap gold pieces to a refinery such as Refinity.com for the highest payouts on your sell jewelry and gold items.

Related Blogs

Tags: finance, gold, Jewelry

Posted in Jewelry | No Comments »

Thursday, July 22nd, 2010

Selling Broken Gold Jewelry For Cash

If you have some broken or unwanted gold jewelry, have you every thought of selling it? If you want to sell gold jewelry, I am sure that you would like to know where you can get the most money for your gold with the least hassle possible, right? Let’s take a look and see how much your gold is really worth.

So how much is all of my broken or unwanted jewelry really worth? Is it really worth a lot or am I just wasting my time?

Gold in any shape or form is the most valuable it has ever been in history. The TV and radio stations are literally covered up with advertisements about investing in gold, buying gold coins or selling gold jewelry. So what does that tell you?

There are so many businesses out there that are literally making money hand over fist in the business of buy and selling gold. I am sure that you are wanting to know just how to get in on the action, right? Yes, selling unwanted or broken jewelry is worth a lot of money, so if you decide to sell it, make sure you are not getting ripped off.

Gold is more valuable than it has ever been, but the hard truth is that it just can’t stay at this high value for every. Yes, gold is very valuable and always will be, but many economy experts insist that the price of gold must come down. Economists and experts alike are warning that the price of gold could take a dive.

If you are going to get the most money possible for your gold jewelry, you should consider selling it now, not later. You could sell your gold at a pawn shop or to a local jewelry store, but if you are going to get the most money possible, you should consider using an online gold buyer. Their overheads are lower than their brick and mortar counterparts, so they can offer you more money.

Find out how to Sell Broken Gold and make the most money selling your jewelry.

categories: gold,silver,jewelry,make money,selling gold jewelry,cash for gold,finance,debt,commodities,cash

Posted in Jewelry | No Comments »

Wednesday, July 21st, 2010

Where To Sell Jewelry – How To Get The Most Money For Your Jewelry

When researching for exactly where to sell jewelry, I am sure that you have discovered tons of information on where you should sell your old or broken gold jewelry for extra cash in these difficult economic times. Let’s take a closer look at the different kinds of gold purchasers so you can be certain that you get the most cash possible for your gold jewelry.

So where are the different places to sell my gold jewelry?

There are so many different gold buyers out there that are stacked up just for the chance to get to buy your gold jewelry. There are lots that can be found online and there are some that can be found somewhere in your neighborhood or maybe just around the block. Probably the first place that people think about when trying to sell their jewelry is their local pawn shop or jewelry store.

If you think that pawn shops offer you a lot of money for your gold jewelry. Think again. They just simply will not offer you very much money because the need to resell your gold, quickly, so they can make a quick profit on your jewelry. Yes, they have overheads and bills to pay, but you do too!

So who can offer the most money for your jewelry if you decide to sell it.

In case you have not noticed, online gold buyers make a great choice if want to get the most money that you can for your gold. Want to know why? Because they don’t have all of the overheads that corner stores do, and they don’t have to worry about selling your gold because they own refineries.

Where can I find the top online gold buyer?

I would recommend checking with the BBB. They will have records and you can check to see if there have been any problems with a gold buyer in your area.

Avoid the Gold Party Scam and sell your gold to an online gold buyer and make some extra cash.

categories: cash for gold,selling gold jewelry,gold,jewelry,finance,make money

Posted in Jewelry | No Comments »