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 You could be offered far less than the gold in your rings and chains is actually worth, especially if it’s an outdated style.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.

What to Know Before You Sell Gold Chains

With the price of gold at all-time highs – and the economy still limping along at record lows – it’s not surprising that many people are choosing to sell gold chains and rings to pay their bills or buy things they want. There are many places you can sell gold rings, chains and other jewelry, but some of them are better than others. If you’re considering selling gold for cash, these are a few things you should know before you make a commitment.

Gold Is Sold By Weight

The price you’ll be offered for your gold chains and jewelry will depend upon two main factors – the purity and the weight of the metal. At Goldfellow.com, we weigh all items on tape so that you can see the exact weight and understand how we arrive at the price we offer you.

Gold Buyers Only Pay for Gold and Metals

Most gold buyers will pay you only for the gold or other precious metals in your pieces. If you’re looking to sell gold rings with gemstone, for example, the price they offer won’t include the value of the diamond or other gems set in the ring. Some gold buyers will remove the stones and return them to you at your request. Others warn you to remove any gemstones before sending the gold because they won’t be responsible for their return.

The Gold Market Is Practically Incomprehensible

…and many gold buyers take advantage of that to cheat sellers. There are many different standards that buyers can use to set the price they’re willing to pay for gold jewelry and coins, and while they’re often close in their valuation, the little variations can make a difference in the amount you get for your gold. Don’t trust any gold buyer who doesn’t explain on their website exactly what index they use to price gold, and how they derive their offer price.

If you’re planning to sell gold chains or rings, it’s important that you trust the company that’s buying. Look for price lists, customer testimonials and transparency in handling that makes you comfortable trusting a company to treat you honestly before you send your gold. It’s the best way to make sure that you receive full value for your gold valuables.

Get Cash for Gold Coins from Someone You Trust

With the price of gold still reaching all-time highs, many people are considering trading in their gold coin collections for ready cash. There are certainly plenty of websites online where you can get cash for gold coins and gold jewelry – but can you trust them? At Goldfellow.com, we’ve been buying and selling gold for more than 30 years, and have built up a strong reputation as gold buyers you can trust. If you’re thinking of selling gold coins, consider this information carefully when choosing the best gold buyer with whom to work.

Length of Time in Business

When gold prices spike, you’ll see an influx of gold buyers in the business, looking to make a quick buck on other people’s bad luck. These fly-by-night gold dealers may promise you cash for gold coins and jewelry, but a lot of them are little more than post office boxes where your gold coins will disappear, never to be seen again. When you’re thinking of selling gold coins, look for a company that has a history in the gold buying business. The longer they’ve been around, the less likely it is that they’ll cheat you. People don’t do business with businesses that don’t deliver.

Highest Cash Prices

Many gold buyers promise you that they pay the highest price for your gold pieces and gold coins, but how would you possibly know? At Goldfellow.com, we offer a transparent pricing model – we tell you exactly how we determine the price we’ll offer you so you can check it out for yourself. And over the years, we’ve built a reputation for paying the highest prices for gold coins and jewelry.

Excellent Reputation

Don’t take chances with your precious gold coin collection. Shop around for a gold buyer that has an established reputation for honesty that you can trust. Goldfellow.com, for example, has an A+ rating with the Better Business Bureau because we put customer service and trust first.

It’s a big decision to part with your gold coins, especially if you’ve been collecting them for many years. At Goldfellow.com, we understand how important trust is when you’re trading your gold coins for cash. That’s why we offer the most transparent gold-buying model we could devise. Before you sell your gold coins, read about our pricing and the promises we offer to all of our customers.