The
amount of money you'll receive for your gold jewelry depends on the karat
weight of the jewelry, and the total weight. If you have two gold necklaces,
one18 karat gold and one14 karat gold, and they weigh exactly the same, you'll
get more for the 18 karat one than for the 14 karat one. Dishonest gold buyers
have been known to weigh jewelry of different karats together, yet pay the
amount the lowest karat pieces would fetch.
The
Daily Price of Gold Isn't What You'll Get
It's
a good idea to follow the daily trading price of gold online so you can get an
idea of whether prices for gold are trending up or down. Gold buyers are in
business to make a profit, so you will only get a certain percentage of
whatever gold is trading for, depending on the karat weight and total weight of
your gold jewelry.
The
Reputation of Your Buyer is Very Important
High
gold prices have resulted in many gold buying businesses popping up,
practically overnight. While not all of these businesses are dishonest, you can
feel more confident that you are getting a fair deal for your gold jewelry if
you work with a buyer who has been in business for a long time.
You
Probably Won't Get Money for Gemstones
Most
gold buyers won't buy gemstones at all, with the possible exception of diamonds
that are at least one-quarter carat in size. Some buyers will remove gemstones
and give them back to you, but others will not. If you have any sentimental
attachment to your gemstones or may want them put into jewelry later, have them
removed before selling your gold jewelry.
Selling
Gold Can Be a Good Way to Make Money
If
you check out the reputation of a gold buyer before working with them, and if
you determine beforehand what karat your gold is, you'll have a better chance
of getting a fair price for your gold. With online gold buyers, only work with
those who insist on insured shipping, and who ship your jewelry back to you in
an insured parcel if you reject their offer.
If you
sell jewelry that has sentimental value, then you could experience seller's
remorse afterward. When you ask yourself, "Should I sell my gold jewelry?" be sure to think about its value in terms of things other than
cash. Old jewelry that's out of style (Remember those thick gold chains from
the 70s?) or that you have little attachment to is perfect for selling.
If
You Compare Offers Carefully
The
offers you get on gold jewelry can vary greatly. Your best bet is to choose a
buyer who has been in the business for a long time. You don't last long in the
gold buying business by shortchanging sellers. Follow gold price trends online,
and be prepared to obtain more than one offer if you want to make the most
money when you sell gold jewelry.
If
You Insist on Secure Shipping
Selling
gold online can be very convenient. Just make sure that you check the buyer's
reputation and shipping policy. Don't work with a buyer who sends your items
back uninsured if you reject their offer. It would be all too easy for them to
claim to have sent your items back and then say they were "lost"
while actually keeping them.
If
You Understand the Buyer's Gemstone Policy
When
you sell your gold jewelry with gemstones, read up on your buyer's gemstone
policy. Most buyers won't buy anything except diamonds of one-quarter carat or
larger. Some will return your gemstones to you, while others will not. If you
can remove gemstones before handing over your jewelry, or if you don't want
your gemstones, you should have no trouble selling.
Cash
for Gold Works Great if You're Smart About It
As
with any other sales transaction, educate yourself before you sell gold jewelry. You don't have to accept the first offer you receive. In fact it's
good to get multiple offers to get an idea of what you can expect. Work with
buyers who have been around a long time and have a reputation to uphold. If you
educate yourself before selling your old gold jewelry, you will find it to be a
convenient way to make some money.
Establishments
that give you cash for gold in West Hollywood have sprung up in recent years
due to high gold prices. You'll have no trouble finding someone to buy your
gold, but they vary greatly in what they will give you for your unwanted gold
jewelry. Educate yourself by following gold prices online. While these don't
reflect what you'll actually get, you can get an idea of whether gold prices
are trending upward or downward.
Know
Your Buyer
Buyers
range from ethical businesses that have bought gold for decades to fly by night
businesses that just want to get your gold for as little as possible. There is
no substitute for experience if you want to sell your gold in West Hollywood.
Find a buyer who has been in the business for a long time, and you can have
more confidence that your gold will be priced fairly.
Consider
Online Buyers
Many
people have turned to online buyers when they want to sell their gold. Again,
reputation and experience are paramount. The best online buyers have procedures
like video recording of opening up the package containing the gold you sent,
and they are committed to secure shipping should you reject their offer and
want your items back.
Read
Terms and Conditions Carefully
Whether
you're selling gold to a local West Hollywood buyer or online, it cannot be
stressed enough that you be familiar with the terms and conditions. Learn
exactly what they buy, what they do with gemstones, and how they price your
items. With online buyers, find out how long you have to accept or reject their
offer and how they pay you.
Insist
on Secure Shipping Practices
Never
put gold into an envelope and simply mail it. Insist on secure shipping and
insure your parcel. In some cases, buyers pay for shipping and insurance. Don't
sell to a buyer who doesn't care about insured shipping because there's no
telling what could happen to your items if you want them back. Remember: you
have something they want. Protect yourself and insist on experience and a good
reputation.
