How to Sell Gold Jewelry

Are you wondering how to sell gold jewelry for the best price? You could go to a local pawn shop, but you never know exactly what you’re going to get. After all, pawn shops aren’t really in the business of buying gold – they lend money based on how much your gold jewelry is worth on the market and how much they could make if they sold the piece. You could be offered far less than the gold in your rings and chains is actually worth, especially if it’s an outdated style. If you want to sell your gold for a good price, here’s what you look for in a gold buyer.

Transparency

A lot of gold buyer websites talk a big line about giving you the best price for your gold jewelry – but they don’t tell you how they decide how much to offer you for your gold chains, rings and cons. If you’re going to do business with a gold buyer, you want to know how they price gold: what index do they use for pricing, how much of a cut do they take for their work as middleman, etc. If the company doesn’t provide you with that level of transparency, look for a gold buyer that does.

Protection

When you sell your gold jewelry, you’re sending off valuable items off to a stranger, sight unseen. It’s important to know that you can trust the gold buyer you’re doing business with. One way to be more comfortable with the whole process is to consider what kinds of protection the company provides. At Goldfellow.com, for example, we insure all FedEx packages shipped to us for $1,000, for your peace of mind.

Convenience

Some gold buying companies put you through hoops when you want to sell your gold to them. Others make it easy on you by sending you a postage-paid, pre-insured envelope in which to return your gold items. And if you decide not to accept the offer they make, the better gold buying companies will return your items at no expense to you.

For more information about how to sell gold jewelry, coins and other precious metals, we provide more informative articles about selling gold, buying gold and how gold is priced and sold on our website. The more you know, the more likely it is that you’ll get the best price possible.