Many people have old, broken gold jewelry in a drawer or jewelry box. If a piece is not sentimental, selling it can bring cash. Before selling old gold jewelry, research carefully to learn about the available options. With the helpful tips below, sellers will get the fair amount of cash they deserve.
Why Do People Sell Old Gold and Jewelry?
People sell old gold jewelry for many reasons. Those considering selling should think about the following reasons. At the gold and silver exchange, sellers can get the cash they want and clear out their drawers at the same time.
- One of the top reasons people sell gold is because they need cash. At Alliance Gold and Silver, we buy gold jewelry and gold bullion. Seeking a no-hassle approach is the best way to make a quick profit.
- Some people sell their old jewelry because it brings up bad memories. Purging old jewelry given by exes can help bring closure after a breakup. The seller can purchase new gold jewelry with the funds they make from selling the old.
- Tastes change over the years. What someone likes today may seem dated in a few years. When styles change, selling old pieces makes sense. Sell old jewelry today for cash, and purchase new, replacement jewelry with the funds.
- Selling gold jewelry, especially in prime condition, can bring a high return on investment. Many people buy jewelry as an investment. Selling brings a handsome profit in many cases.
No matter why someone wants to sell old jewelry, they must follow a few tips to get the best price. With gold prices rising, now is an excellent time to sell and get cash.
Helpful Tips for Selling Gold Jewelry
Selling old gold can be intimidating for some, especially if they do not know what to expect. The following tips should help new sellers get the fairest price for Fort Worth gold and silver. Study these before getting started.
- Do not rush the process. Acting on impulse can cause seller’s remorse. If a person acts on a whim, they may change their mind after the sale and miss their old pieces. Carefully evaluate the options before deciding.
- Always get an appraisal before selling gold. Know the spot price of gold and realize the buying price is going to be lower than that price. Decide if the price is high enough to make selling worth the effort.
- Know the type of gold first. Most jewelry is not pure gold. Sellers will only get paid for the gold content of the jewelry. If parts of your gold jewelry contain other metals, the price will be lower when selling.
- Being realistic is essential. Some people mistakenly believe their old jewelry is valuable when it is not. In addition, most people are not going to become rich by selling their old gold. It is possible to make a few hundred dollars, depending on the weight.
- Protect yourself at all times. Before mailing any gold to a buyer or taking it to a shop, photograph every piece. Keep any purchase receipts. If the value of the piece is high, consider getting an appraisal before selling.
How to Get the Best Price
Most people are unwilling to sell if they cannot get the best price. It is also wise to wait until gold prices rise because this means more money from the sale. Compare the offerings of a few dealers before committing.
How to Find the Right Buyer
When considering where to sell gold, research carefully. The more individuals know about the dealers in their area, the less likely they will make a poor choice. Read customer reviews, and if there are many poor ones, consider another dealer.
Sell Your Old Gold Jewelry Today
No matter the reason for selling, getting rid of old gold jewelry for cash is freeing. If old jewelry is only sitting around gathering dust, it is time to consider selling.
Knowing the current spot price, which changes constantly, is a good starting point. Have valuable pieces appraised before selling.
When selling old gold jewelry, getting the top price requires remaining vigilant. Now is an ideal time to get rid of that old, broken, unwanted jewelry in exchange for quick cash. Gold prices stay historically high making it a seller’s market.
Here at Alliance Gold and Silver, we are the number-one buyer of old gold and jewelry. Our staff has over 40 years of combined experience, and we offer the fairest prices in town. We buy all grades of gold, including 10K, 14K, 18K, and 22K.