How to Sell Gold Jewelry to Make Money?

If you want to sell Gold jewelry then call local jewelry stores and jewelers and ask if they buy jewelry. Many will purchase quality used jewelry and watches made of precious metals and valuable stones.

Take your high-quality jewelry to a local pawn shop and ask for anoffer. Pawn shops usually do not offer top dollar, but it could be a goodoption if you cannot find other buyers. Besides, don’t expect to get marketprice for your Gold, buyer must take his profit also.

How To Recycle Gold?

Wondering how to recycle gold?

There are many gold metal recyclers available, and most are willing to send you information and the necessary materials you’ll need to package your scrap gold and send it to them. Some companies strive to make the scrap gold recycling process easy for you so you can do your part to help the environment and as an added bonus, earn some money.



Learnmore about gold recycling process.

Know Where to Sell Gold for Cash

When you try to make a profit, be aware of small and cheap “cash for gold” offices who set up shop in temporary locations, such as hotel rooms, or in lobby some other building. They often won’t give you the accurate and current price, more likely you can be ripped off. Make sure you only deal with a reputable buyer and not a fly-by-night operation when you sell your coins and bars.

When selling coins or other types of gold, you can find a dealer at a coin store, a jewelry shop, or a gold-only business. Call around to several dealers and ask them what they would pay you per gram, and go for the dealer that gets you the highest percentage of the “melt value.” It’s possible that a larger business might be able to offer more, since they deal in large volumes of gold, but that’s no guarantee. The best approach is to make a few phone calls ahead of time.

Selling online has become popular in recent years. Online dealers and auction sites like eBay are a popular option. You may get a better price. Follow the usual precautions when you buy and sell gold online: Don’t ship it until you have the money in hand, and check the buyer’s record. In this case you must think about shipping cost, which can be significant in a case you have great amount of gold.

Dealers won’t give you the full price of gold today—they’ve got to make a profit, after all. How close you get to the piece’s full value depends on what type of piece you have, how much you have to sell, and which dealer you decide to work with. Different dealers offer different percentages, which is why it’s important to do your research first. Jewelry doesn’t get much better than 70 percent, but if you sell bars or coins it gets closer to 90 percent.

How to sell Gold: Coins and Bars, and where to make a sale?

Today many companies’ promises to buy your gold scrap, still when you want to sell it you should be careful, well informed, and not too greedy. Sure, you want a lot of money when selling your jewelry and other items, but you have to be realistic.

Finding someone to buy your items won’t be hard, but getting good prices takes time and planning.

When you want to sell gold, it is important to know what you have, what it’s worth and know what to expect while selling gold.

Gold coins are one of the commonly sold items. Selling these is a little trickier than going to your local jewelry shop. The first step is to determine whether they are gold bullion coins—basically, gold minted into coin form—or numismatic coins.

Numismatic coins are rare coins that hold special interest for collectors, and their value is based not only on the gold they contain but also their rarity, condition, demand and year of mintage. So keep in mind the type of coin that you have before you try to make a sale. These coins are not just weight and determine carat value for selling price.

Selling gold bullion—in the form of small bars or government issued coins—is fairly straightforward because they come in standard weights and purities, therefore the current prices should be easy to find.

A bar will be stamped with a number that indicates its purity—either .999 or .995. You may even have a certificate of authenticity from when you bought it. You may want to include that certificate when selling bullion that you posses.

Selling coins produced by a government mint can be somewhat easy because they come in standard weights, such as 1-ounce, half-ounce, or quarter-ounce so you can quickly determine the prices. The purity is also standard, the American Buffalo and the Canada Maple Leaf, for example, are .999 while the American Eagle and the South African Krugerrand are .917. More about gold fineness marks you can find on this article.

Like we wrote already the best way to sell jewelry is to first separate it into groups based on purity—14 karat in one pile, 18 karat in another and so on. Then you can weigh the pieces together and know what amount for sale you have.

When you want to sell gold that’s old jewelry and other scrap metal—dental fillings or crowns, nuggets, or electronic components—you might not know the weight and purity. A local jewelry shop can help you by weighing the pieces on a scale, and testing the purity with a Carat test kit.

When selling bars, coins or other valuables, make sure the clerk weighs your pieces in front of you, and if you don’t trust their scale, test it yourself. Weigh a nickel on the scale. U.S. nickels always weigh 5 grams. If the scale says anything less than 4.9 grams, walk away and find somewhere else to sell your bullion. You want to find the best prices possible, but you don’t want to go selling your items to buyers who won’t give you accurate prices.

Scrap gold - how to sell it?

Scrap Gold Buying Rip Off

Many jewelers & dealers advertising to buy scrap gold jewelry in the UK are ripping people off with low prices & misleading claims.

We contribute our advice and expert opinion. With 9 Carat Gold Worth £7 Per Gram Many Jewelers are Paying £4 Per Gram or Less So if your item is worth £100, you are only getting paid £56 for it, and the buyer is making £44, or a 79% mark-up. Some dealers pay much less, and therefore make even higher and more obscene profits.

We heard of one paying only £1 per gram (approximately)! The £1 Billion Scrap Gold Buying Rip Off The world supply of scrap gold for recycling was 586 tone of fine gold in the first quarter of 2009. This equates to about £44 billion at current prices. It is difficult to know what proportion of this came from the UK, but even if was as little as 2% to 3%, this would work out at over £2 billion in the UK. From our brief research, many small traders are paying about half the true value for scrap gold, meaning that UK owners of gold scrap are being ripped-off by £1 billion per annum.

Our Advice Our advice to owners of scrap gold and second-hand jewelry is to shop around, but more importantly find out the weight (most people use grams), of your gold, know what carat it is, and make sure you get a sensible price for it.

Remember there are 31.1035 grams per troy ounce. Divide the troy ounce price by 31.1035 to convert to a price per gram. For gold carat, multiply by the cartages and divide by 24, so for example £ x 9 /24 = intrinsic value of 9 carat gold. If the fineness is expressed as a percentage or millesimally (9ct =37.5% or .375) the calculation is even easier (£ x .375).

Recycling Costs

Nobody in their right mind is going to pay you the full intrinsic value of scrap gold, because there are refining costs, and other losses and expenses to deduct. For example hallmarks are often faked on gold-plated base metal jewelry, so scrap needs to be checked, and often acid-tested.

There are also other losses. Dirt and contamination often account for about 1% loss. American jewelry manufacturers are legally allowed a half carat tolerance, which they usually take advantage of, so that 10 karat gold is often only 9.5 carats (that is a 5% loss on its own).

The scrap buyer expects to make a profit, so if you have scrap gold to sell, you should hope to get about 90% of its intrinsic value.

For smaller amounts you should expect about 80% to 85%, while for large and regular quantities, of clean well-sorted scrap, a trade seller might achieve around 95%.

Our research shows that many jewelers and market traders are only paying between 15% and 60% of the true value.

Typical Scrap Gold Categories

• Nine Carat (9ct) Hallmarked Gold
• Nine Carat (9ct) Unhallmarked Gold
• Fourteen Carat (14ct) Hallmarked Gold
• Fourteen Carat (14ct) Unhallmarked Gold
• Fifteen Carat (15ct) Hallmarked Gold
• Fifteen Carat (15ct) Unhallmarked Gold
• Eighteen Carat (18ct) Hallmarked Gold
• Eighteen Carat (18ct) Unhallmarked Gold
• Twenty Two Carat (22ct) Hallmarked Gold
• Twenty Two Carat (22ct) Unhallmarked Gold


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