Trusted Gold Buyers Can Help You Earn Money

Gold buyers are much more common today, as struggling consumers look for ways to improve their finances. Some buyers of gold have been around for a long time, while others have set up recently to capitalize on ordinary people who may be desperate to earn money. Look for buyers who have a long track record of working with people and offering them good prices.

They Should Treat Your Jewelry as if It's Their Own

While selling old gold jewelry can be a good way of raising cash quickly, it's not always easy to part with items that were once important to you. Look for buyers who are knowledgeable and who treat you with the respect you deserve. After all, if you reject their offer, you want to be sure your jewelry returns to you in the condition you sent it.

Shipping Should Be Fast and Secure

If a gold buyer suggests putting your gold in an envelope and mailing it, beware. Only use secure shipping that is trackable and insured. It's all too easy for a dishonest buyer to claim they didn't receive your shipment, and if you didn't send it with delivery confirmation, you could be out of luck.

Know What You're Selling before You Send It

Any reputable buyer will have a website or other information telling you exactly what markings to look for on your jewelry, as well as how to weigh it to get an idea of what you will earn for it. Get a magnifying glass and write down the markings on your jewelry, and take photos of each piece before sending it. Look for buyers who record the opening of your shipment on video for your protection.

Read Terms and Conditions Thoroughly

Buyers of precious metals should have their terms and conditions listed online or in printed material they give you. Take the time to read them so you'll know exactly what to do if you decide to accept or reject their offer. When you work with a trusted buyer with a good reputation in the industry, selling your old gold jewelry is an easy way to raise money quickly.

Can Gold Selling Help Your Financial Situation?

Many Americans are still struggling financially after years of job insecurity and declining home prices. And increasing numbers of them are choosing to sell gold jewelry in order to raise cash quickly. If you do it right, you can put some cash in your bank account by selling old gold jewelry you don't wear anymore.

Take Stock of the Gold You Have

If you're interested in trying gold selling, the first step is to clean out your jewelry boxes and see exactly what you have. Look at the markings on your jewelry. You may need to use a magnifying glass to be able to see markings clearly. Look for the following markings:

8 kt

9 kt

10 kt

14 kt (or the marking .585)

18 kt (or the marking .750)

21 kt

22 kt

24 kt

It doesn't matter whether the gold is yellow, white, or rose colored. Gold items with these markings can be sold. The more you are able to send at one time, the more efficiently gold buyers can work and the better the offer you'll get.

Know Your Buyer

Does your gold buyer have a lengthy track record of making honest deals with gold sellers? Is the buyer a member of the Better Business Bureau (BBB)? If not, keep looking until you find a buyer who will answer your questions honestly and is willing to put their reputation on the line by registering with the BBB.

Be Safe with Shipping

Some gold buyers offer free shipping with trusted companies like FedEx so that you can track your shipment throughout the process. If your buyer does not offer this service, be sure to choose speedy, secure shipping with delivery confirmation, and insure your shipment. Make sure your buyer uses safe, secure shipping in case you should reject their offer and have your items returned.

Earn Money Quickly and Efficiently

When you sell gold to a trusted broker you can boost your bank account easily, by getting rid of knotted gold chains, out-of-style jewelry, and other items you weren't enjoying anyway.

How to Sell Gold Jewelry Safely

Gold prices tend to go up when the economy is struggling. Since the worldwide economic downturn beginning in 2008, gold prices have risen. The price dips and rises, but overall, gold prices are still high. Gold has been melted down and recycled since ancient times, so selling your gold jewelry is something that has been done for thousands of years.

Which Jewelry is Best for Selling Gold

If you were around during the 1970s, when many men wore heavy gold bracelets and chains, then you may own the perfect gold for selling. Most people don't expect these pieces to ever be in style again, so it is unlikely that they have much resale value as jewelry. However, many of these items have substantial gold content and are perfect if you're interested in selling gold.

How to Deal with Gemstones

Beautifully designed jewelry with gemstones may have more resale value as used jewelry than it would if you recycled the gold. If you want to recycle gold with gemstones other than diamonds, you should remove the stones first, because most recyclers won't pay for any stones other than diamonds of at least one-quarter carat in size. Some gold buyers will remove prong-set stones if they're big enough, and then send them back to you. Be sure to find out the buyer's policy before shipping off your jewelry.

Where to Research Current Gold Prices

Gold prices fluctuate constantly, but if you visit the website of the World Gold Council you can get a ballpark estimate of gold prices. Keep in mind that your gold buyer is looking to make a profit too, and what you're paid will not be exactly what the current rate for gold is.

Choosing a Buyer

Knowing how to sell gold jewelry successfully depends heavily on finding the right buyer. Look for buyers that send registered packing envelopes that require a signature when you return it with your jewelry. All your shipments should be insured. Your gold buyer should quote you a price which you can accept or reject. If you reject an offer, the gold buyer should be willing to return your gold using a safe shipping method.