Selling Unwanted Gold Jewelry Makes Good Sense: Here’s How To Get A Fair Deal

April 3, 2013 - PRLog -- Selling Unwanted Gold Jewelry Makes Good Sense:  Here’s How To Get A Fair Deal

With gold prices hovering near all time highs, selling your old gold jewelry has become very popular.  Selling your unwanted, outdated or even broken jewelry at a time when its value is as high or higher than it may ever be again makes good sense.

Gold buyers purchase gold based on weight and not all gold jewelry contains the same amount of pure gold.  To determine how much your gold is worth, a buyer will examine and test each piece of gold you present to determine how much pure gold is in it.

If you are thinking about selling your unused gold jewelry, here are a few tips to ensure you get a fair deal:

1.)    Try to determine how your jewelry is stamped (i.e. 10k, 14k, 18k, etc).  Although stamps can be difficult to find and are sometimes inaccurate, knowing what they say will enable you to verify that the information the buyer gives you matches with what you already know.

2.)    Try to determine the weight (in grams) of what you have.  If you can determine the weight of each grade of purity (i.e. 10g of 10k; 15g of 14k, etc), that would be ideal.

3.)    Ask whether the buyer is paying based upon grams or “pennyweight”.  Most reputable buyers pay based on gram-weight.  Avoid gold buyers who are weighing in pennyweight.  There are many stories on the Internet regarding how buyers use pennyweight to take advantage of unsuspecting customers.

4.)    Don’t sell everything the first time.  Try a small transaction first and, if you are happy with the way it goes, go back with the rest of the items you’d like to sell at a future date.

5.)    Listen for direct answers to your questions.  A reputable dealer will be interested in earning your trust and developing a relationship with you.

Gold buyers provide a valuable service.  Individual consumers cannot sell their jewelry directly to a refinery.  Therefore, without gold buyers in the marketplace, many consumers wouldn’t be able to take advantage of the high prices of gold.  Just make sure you are able to strike a fair deal.

For more information visit: http://www.slogoldbuyers.com