Should I Sell My Gold Jewelry For Cash?

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.