Archive for the ‘selling gold jewelry’ Category

The price of gold is increasing day by day. If you are thinking of selling some old pieces of gold jewelry that you have not been wearing lately, then it is the most opportune time for making some money through the sale of gold jewelry. There might be several reasons behind selling gold jewelry. Making extra money is the most obvious reason. However, there are sentimental reasons or some physical reasons to sell your unwanted gold jewelry.

If you have some of the following four reasons behind selling gold jewelry then it is the best time to start emptying your stock of unwanted gold jewelry. The reasons are;

1. Damaged and Broken Jewelry: If you have missing earrings or an old watch that is not running or a chain that is twisted or broken and you have been keeping them for some years. It is likely that you will not be fixing those pieces. The better option for you will be to sell these gold jewelry today because you can end up making extra amount of cash besides clearing your space.
2. Out of style Jewelry: If you have a piece of jewelry that you have been gifted in your 12th birthday or a piece of bracelet your grandma gave you when you were child and you are no longer wearing these pieces, it is the right time to clear up your stuff. Since companies buying scrap do not pay less for your design, you can make quite a good sum of money by selling gold jewelry.
3. Jewelries with Bad Memories: If you have some pieces of gold jewelry that remind you of bad memories like ring from your ex-boyfriend then you mind want to erase these pieces that remind you of your unwanted past. In this case, starting a new life by selling these pieces with bad memories is the good beginning.
4. Inconvenience in selling gold jewelry piece by piece: Everybody has a piece of heart that tells them to pay respect to the jewelry that reminds them of their beloved or relatives. So they are likely to sell jewelry to the buyers who cherish those pieces. However, it is a hassle to sell gold jewelry piece by piece because you might not find the buyer interested in all your antique jewelry pieces. So start selling less desirable stuffs to scrap gold buyers.

These are some of the reasons to sell gold jewelry to scrap gold buyers so that you can end up having some extra money and can start a new life by letting go your past.

The price of gold is hiking day by day. You may be lured into selling some pieces of gold jewelry that are no longer in use. But do not impetuously go after the price of the gold in the market. All you have to do is know some basics before selling pieces of gold in the bullion market. Otherwise you may end up selling your valuable piece of gold in much lower price.

It is doubtless to say that most of us have some sort of jewelry lying around as junk gold jewelry. It may be either old or out of fashion. The pieces of unused gold jewelry might come from occasions in the past like rings you wore the year you graduated high school, bracelets you got as birthday gift in your 12th birthday or the ring your ex-boyfriend bought and since then you have not been wearing those.

The main thing you must understand before turning these jewelries to gold buyers is that you will get only the price worth the weight of the gold. So quality and quantity of gold in the scrap gold jewelry determines the money you are going to make from that piece. So, when selling gold jewelry you might want to look for other pieces like gold dental crowns or obsolete plain wedding band in order to turn them into money that you can really use.

A gold buyer pays you for your gold jewelry by considering the factors like the karat weight of the gold, the weight of the piece you are selling, the price of gold at the particular day of sale, the fee for assaying the piece and the profit margin. Generally the price offered in a particular day is for 24 karat gold or pure gold. So, if you have scrap gold jewelry that is not pure then you might get less money based upon the percentage of pure gold in the particular piece. For example, if your jewelry is 22 karat then the pure gold in it is 91.7% and you can easily calculate the rough figure you are about to make from its sale with the help of the price you are getting for 100% gold that day. Some deductions are made for the amount of gold that is likely to be lost during melting down and transforming. Next, you can deduct the profit margin the buyer is likely to set while purchasing your gold jewelry. Now, you can have a rough guess on how much money you are going to make out of your scrap gold.

Do not rush into selling gold scraps at much lesser prices. Do take time on making a rough guess on how much money a buyer is willing to pay for your gold jewelry. This way you are sure to make a decent amount of money from sale of your scrap gold jewelry.