Trusted Gold and Silver Buyers

The Compelling Case For Selling Your Gold Jewelry Online

The Compelling Case For Selling Your Gold Jewelry Online

Most of us have old gold jewelry locked in storage or tucked away in forgotten corners. There it sits, collecting dust while the price per troy ounce of gold has vaulted to historic levels. Now is the time to consider retrieving your gold bracelets, necklaces, brooches, and even your high school ring. If you’re not wearing them, are they serving a purpose? Are they adding value to your life? If not, you can sell these items online quickly and easily while locking in a high price.

Suppose you feel an attachment to some of your old jewelry items. For example, maybe a wedding ring holds fond memories even though you’re no longer married; perhaps a bracelet was given to you by someone with whom you haven’t spoken in years; or maybe you inherited several pieces, and are uncertain what to do with them. By selling them online, you’ll have an opportunity to start fresh.

Below, we’ll offer four additional reasons that make a compelling case for selling your gold chains, earrings, and even past dental work, online.

#1 – Your Jewelry Is In Disrepair

Damaged watches have outlived their usefulness; a single earring missing its match cannot be worn; twisted chains, bent rings, and broken pendants are similarly useless unless you have them repaired. Unfortunately, repair work is expensive depending on the craftsmanship of the piece and the gold’s softness.

Sell such pieces to an online buyer. The buyer is interested primarily in the gold content rather than each individual piece’s craftsmanship.

#2 – Invest The Money Elsewhere

The stock market has been bouncing up and down over the last twelve months. Even money market funds have seen their share of volatility. With volatility comes opportunity if you’re able to invest at the bottom of a price trend. By contrast, consider the price of gold. Recently, it climbed over $1,260 only to pull back to $1,158. Is there still upside? Many experts consider it a gamble. For this reason, holding onto your gold jewelry may be a risky decision.

#3 – Make A Down Payment On A Home

The real estate market remains sluggish, and there are a lot of bargains across the country. Many homes have lost as much as 50% of their value. This has opened a unique opportunity for those with available funds to purchase a home. The prerequisite? A down payment.

Consider selling your gold rings, chains, and other jewelry to raise the necessary funds. You may find your dust-covered gold items provide an unexpected vehicle to purchasing your first home.

#4 – Raise Needed Funds For An Emergency

When an emergency strikes, funds are often unavailable. For example, your car may need extensive repairs; your son or daughter might require minor surgery; you may need to purchase a new refrigerator, washing machine, or air conditioner. Rather than liquidating your investments or using your credit cards, sell your old jewelry to raise funds.

Your pieces do not need to be made of solid gold in order for a buyer to be interested. As long as they have significant gold content, you can sell them.

Finding A Reputable Buyer Who Will Treat You Fairly

Once you have made the decision to convert your jewelry and scrap gold into cash, you’ll need to find a trustworthy buyer. One of the most important tips to remember is to always work with a refiner. Most buyers are brokers rather than refiners. They are middlemen. While they serve a purpose, they reduce the profit you’ll receive when selling your items. Fortunately, you can bypass them and work directly with a refiner, and thus receive a higher price for your pieces.

It’s impossible to tell where the price of gold will be heading in the near future. The recent pullback is a good reminder that high prices can plummet at any time. Now may be a good opportunity to lock in the current price.

Tags: Sell Gold, Sell Jewelry

Getting The Best Price When Selling Your Gold Jewelry

Getting The Best Price When Selling Your Gold Jewelry

People throughout the country are in desperate need of funds. Some have lost their jobs after decades of loyal service. Others were barely making ends meet before having their hours reduced or bonuses cut. Even as the recession continues to devastate hard-working families, the price of gold keeps rising. This is good news is you have gold jewelry that is collecting dust in the deep recesses of your garage or attic.

Maybe your pieces are broken and you’re unable to wear them. Maybe they’ve gone out of style or are a reminder of a past relationship you’d rather forget. Whatever the case, now may be a good opportunity to sell them. Below, we’ll provide a few tips for selling your gold jewelry and enjoying fair offers from motivated buyers.

Educate Yourself On Price

There are many buyers who will offer you less than 50% of your gold’s value. They’re hoping that you don’t realize how much gold is actually selling for on the open market.

Take the time to find out what the current spot price is for a troy ounce. You should also categorize your bracelets, earrings, pendants, and other gold pieces by karatage. That’s the only way to accurately determine the value of your collection. When you finally approach a buyer, you’ll be better prepared to decline unfair offers.

Avoid The Temptation Of A Quick Sell

The thought of driving to your local jeweler or pawnshop to sell your gold jewelry is seductive. After all, you can receive cash for your items almost immediately. The problem is, jewelers and pawnshops will normally offer an extremely low price. They hope you’re desperate enough to accept their offer because they can make a quick profit by selling your jewelry to someone else.

You’ll enjoy far more attractive offers by selling your gold necklaces, watches, studs, and earrings to an online refiner. The transaction is usually smooth and quick. Once you accept the refiner’s offer, they can usually mail your check within a few days.

Do Your Research When Selling Online

One of the most common mistakes people make when selling their gold online is to work with a dealer rather than a buyer who operates their own refinery. A dealer will almost always offer a lower price because they will sell your items to the refiner for a profit. Eliminate the middleman. By working directly with the refiner, you’ll enjoy a bigger windfall for your gold cuff links, rings, chains, and other pieces. If you’re uncertain whether a buyer operates their own refinery, ask them.

It’s also worth noting that refiners are usually receptive to buying scrap gold. For example, they’ll buy your gold dental fillings and bridgework, coin collections, spare watch parts, and even shavings. If times are tough and you’re struggling to stretch your monthly budget, consider turning your gold belongings into cash. Sell your pieces to an online refiner to get a fair price and raise needed funds.

Tags: Gold, Gold Jewelry, Sell Gold

Should You Sell Your Old Jewelry At A Gold Party?

Should You Sell Your Old Jewelry At A Gold Party?

Gold parties have been popular for years. Today, with the economy uncertain and the price of gold flirting with its historic peak, more people than ever are becoming receptive to attending. If you own old gold jewelry that is collecting dust in storage, you can sell it at these parties to generate near-instant cash flow. The question is, are these events the opportunity they seem? Is it worthwhile to sell your gold items there, or can you enjoy a higher price elsewhere?

Below, we’ll explain how these parties work and the reasons you should avoid them. When it comes to selling your gold bracelets, rings, and chains, there is a much better option available to you online. We’ll provide a few tips and describe how you can take advantage of it.

How Gold Parties Work

The event is held in the home of a host. This person will arrange to have a gold appraiser attend. The host will also call his or her friends and family, and invite them to attend the party. These prospective attendees are strongly encouraged to bring any gold jewelry they would be interested in selling. This includes damaged or broken jewelry that cannot be worn without first being repaired.

When people arrive at the party, the host typically has food and beverages ready for them. Guests are encouraged to mingle and share stories about the individual pieces they have brought to the party to sell.

Eventually, the appraiser invites each attendee to have his or her gold jewelry appraised. This is typically done in private. The appraiser will determine the amount and quality of the gold in the pieces and make an offer to the attendee to buy the items at that moment. If the attendee accepts the appraiser’s offer, a check is immediately written.

The Problem With Gold Parties

Up to this point, the process by which people sell their gold jewelry at these parties seems fine. They have an opportunity to sell pieces that would otherwise remain hidden in their dresser drawers, attic, or boxes in their garage. However, it’s worth peering under the surface of the transaction.

The appraiser will usually give the host 5% to 10% of the appraised value of all items purchased. This is a commission. The problem is, many hosts choose not to communicate this fee to their guests.

Another issue with these parties involves the appraiser’s actions following the event. This person is merely a broker. They have no plans for the jewelry other than to sell it to a refiner for a large profit. This suggests you would receive a larger offer for your gold jewelry by working directly with the refiner.

A Better (And More Profitable) Option

One of the worst-kept secrets of the gold-buying industry is that brokers are middlemen who sell to refiners. By working with a refiner, you can effectively remove the broker from the transaction. Any profit that would have gone to this person as the result of their markup would instead be split between you and the refiner. That means you’ll receive a higher price.

Taking The First Step

So, how do you find a reputable gold refiner? The best place to look is online. Look for buyers who have been in the precious metals refining business for at least ten years. Visit their website and search for a phone number you can use to contact them. Look for details regarding how quickly a check will be mailed in the event you accept their offer (two business days indicates a high-quality buyer).

Once you have mailed your old gold jewelry to the refiner, you can expect to receive an offer as soon as they have examined each piece. The entire process is smooth and efficient. And it poses a far more profitable opportunity than selling your items at gold parties.

Tags: Gold Parties, Sell Gold, Sell Jewelry