Many people have a drawer or old jewelry box full of gold jewelry they never wear. These pieces may be broken, outdated, or have bad memories attached to them. Instead of taking up valuable space, many people sell their old jewelry for cash. Learning the ins and outs of the process will help sellers get top dollar for their unwanted gold jewelry. 

How Does the Process Work?

Learning about the best place to sell gold is one of the first things people need to do before they start the process. Companies like Alliance Gold and Silver Exchange make selling gold jewelry easier and less stressful. There are a few steps involved in the process, including the following. 

Step One

Individuals are encouraged to search their homes by looking through jewelry boxes and junk drawers to find gold pieces. People may store gold in safety deposit boxes, storage rooms, chests, safes, and more. Gather all the gold and silver pieces, whether jewelry, silverware, rare coins, or bullion. 

To ensure they get the fairest price, sellers are encouraged to research the price of gold. If there are rare coins or jewelry pieces, sellers should seek an appraisal. It also helps people to learn about the spot gold price that changes throughout the day. While this is not the same as the retail gold price, it will offer sellers a guide on what to expect from selling their pieces to a gold and silver exchange for cash. 

Step Two

Bring the items to the store and have them evaluated. Each piece will be weighed and evaluated individually. Never sell to a gold company that tries to lump all the gold into one pile and gives a single price quote. Some pieces may be more valuable than others based on their rarity and purity. Never settle for less than what the pieces are worth. 

Step Three

Once evaluated, the gold expert will offer a price quote while informing the seller of the purity of each piece. Take care when bringing mixed metals, and ensure the gold or silver is pure. Fake metals may appear genuine, but proper testing will reveal their purity. 

What Are the Advantages of Selling Old Gold and Silver Jewelry?

Selling old jewelry t offers many benefits. In addition to selling gold jewelry, people also sell gold bullion and flatware. Learning about the advantages of selling jewelry will help those considering this option. 

Gets Rid of Unwanted Gifts

Many people sell jewelry because it is an unwanted gift. Maybe the gift is not the person’s taste, or the piece was given to them by an old love. Everyone gets stuck with a gift they do not like at some point in their lives. Politely smiling and giving a thank you is nice. Later, the gift receiver can sell the piece for cash and buy something they really want. 

Removing Bad Memories After Divorce

After a divorce, many people want to put their marriages behind them. Getting rid of any jewelry their spouse gave them, including wedding bands, frees people from bad memories. No one should be stuck with jewelry pieces that bring them emotional pain. 

Getting Rid of Impractical Inheritances

Many people enjoy receiving jewelry inheritances, but some of the old pieces from grandma are no longer in style or even practical. People are not required to keep their jewelry inheritances. Selling old jewelry can bring cash and clear up space without hurting the feelings of the relative. 

Offers Welcome Relief During Financial Turmoil

Going through financial crises becomes stressful. When someone is in a bind financially, they have the option of selling their old, unwanted jewelry for welcome cash. Getting cash helps them take care of their financial woes. Knowing where to sell gold is essential.

Selling Old Gold Jewelry Gives Cash

There are many reasons people sell their old gold and silver pieces. Cash is always welcome. Many people can obtain a lot of money when they sell their old pieces. Not only do they get cash, but they also free up valuable space in their homes and can get rid of bad memories. 

Those interested in selling gold should remember the steps above. Now is a perfect time to get started selling those old pieces. Why leave old gold hanging around when you can get cash? 

At Alliance Gold and Silver, we offer the best prices in town for old gold jewelry. We pay cash for gold, even if the jewelry is broken. Our staff brings over 40 years of experience to the table, and we offer free testing to determine the purity of gold pieces.