Hello, my name is Rhonda. If you have financial goals, this blog can help you achieve them. A few years ago, I realized that I didn't have a good plan for my future and I wondered if my financial needs would be met after I retired from my job. I immediately started planning for my future by speaking with a financial advisor and I learned a wealth of information at our meetings. By following the recommendations of my advisor and by learning everything I could about finances and money, I now feel very secure about my future. If you need financial help for retirement planning, college savings or even for an emergency fund, you can get sound advice by reading my blog. I believe that by following a few basic strategies, everyone can meet their goals and be financially secure.
Broken and unwanted gold jewelry continues to be a popular method of earning extra cash for emergencies or to put more money in your pocket. Before you sell your jewelry, there are ways to increase your chances of receiving a fair price.
Know What You Are Selling
You should have a general idea of the type of jewelry you are selling and its value. Since gold comes in different karat weights and colors, this will dictate the value. For example, 24K gold is worth more than 10K gold, purely because 24K gold contains more gold and fewer filler metals. Additionally, you should consider if your jewelry has any precious stones. Diamonds and other gems have value. If your piece contains multiple valuable components, it can be in your best interest to have an update appraisal on the item. You may find the item is worth more sold to your local jeweler if it remains in good condition when it contains both gold and precious stones.
Make Informed Decisions
If you are selling gold jewelry because of an emergency, you are more likely to take the first offer given, even if it is less than you deserve. Spend some time visiting different gold buyers so they can quote a price. This will also give you the opportunity to see the weight of your item at different locations. Discrepancies between scales can take money out of your pocket, so it is never ideal to go with the first buyer without making comparisons. Once you have a general idea of which buyer you will select, it does not hurt to do extra research by checking reviews from previous clients.
Understand The Agreement
When you are ready to sell your jewelry, make sure you know the terms of the agreement beyond the money you will receive. Many gold buyers have a grace period before the items is no longer retrievable. Even if you are certain you want to sell your jewelry, there is always the chance you might change your mind. If it is not clear whether you can return the money in exchange for the return of your jewelry, ask for clearer terms before signing. If you are on the fence about selling a piece, it might be better to use a pawn system where you typically have a month to retrieve your items, rather than selling your item outright.
Gold continues to be a good item to sell due to the increased value of the precious metal. Keep these ideas in mind as you decide where to sell your gold.