Recently, there has been a massive increase in companies willing to send you cash for your old gold jewelry, encouraging you to sell your gold jewelry or even to sell gold coins. eBay and even pawnbrokers offer good alternatives, but what do you do with those bits of gold that you can't sell? - Broken necklaces, single earrings, earrings without backs, broken watches - the list is endless. Now there are wealth of simple to use agencies that will simply weigh and melt down anything you can send.
A simple Google search will give you dozens of companies to choose from, and they all work in a very similar way:
1) Send for your free postage bag by filling in an online form, ringing or texting the company.
2) Put as much of your gold, whatever the karat, into the postage paid bag and send it in along with your details.
3) The company will test the items you have sent and calculate your payment.
4) They will send you a check for the value they have calculated.
5) You either cash the check or return it. If you choose not to accept the money, they will send everything back to you.
What should you watch out for?
Having spoken to a few people who have used this service, everything does seem to work smoothly, but you should select the service you want to use carefully. Always ensure that the service uses a postal system where you can track your parcel, and where the contents are insured if lost. Most that we found do, but you do need to check.
Make sure that you are using a service that is completely free of charge, and that you get your gold back by free postage if you change your mind or if you don’t like your payout.
Make sure that the company you use has contact details on their website. This should include an email address and a telephone number (at the very least)
Be aware that there is no payment for stones - just the precious metal, so if you send in a sapphire ring, for example, you will still only receive cash for the weight of the gold. Therefore, we would advise you to take any precious stones out of the jewelry before you send it - you could always have them set into another piece of jewelry in the future - or better still - sell them on eBay. The only company I found that offers to save the stones they don’t pay for and send them back to the customer at no cost was GoldPal.
Sell Gold Coins
Many of the companies we have talked about will also trade in gold coins for cash. If you have kept your coins in good order, it will probably be more beneficial for you to try and sell to a collector. If the coins are included in a broken sovereign ring or chain, then this method may work, but be aware that you will only get the same price per gram as all other scrap gold. There would be no extra for the collectable value of your coin.
Most of these companies also cash in your old platinum jewelry as well - so if you are lucky enough to have any broken platinum jewelry lying around – you will find that it pays even more than gold does.
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GoldPal offers the faster, safer and most rewarding way to convert jewelry into money from the comfort of your home and with the flexibility to get paid directly into your bank account.
Customers interested in requesting a Jewelry Return Kit can do so by visiting www.GoldPalUSA.com or by calling 1-877-GOLDPAL. For more information, connect with GoldPal USA on Facebook and Twitter.
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