A Complete Guide On Selling Gold Jewelry

By Author: Maslinseldon
Total Articles: 45
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The recent upswing in gold prices has prompted many for selling gold jewelry. The price is at its best in the last 30 years. So now is the perfect time to sell your damaged, broken or unwanted gold jewelry and get some good profit.

There are several options to sell the scrap, unwanted gold. But before selling gold jewelry, you should have a thorough idea about gold price estimation. Generally 24karat gold is the purest form and 100 percent gold. Similarly 18karat gold is 75%, 14k is 58% gold and so on. However old scrapped gold jewelry mightn't fetch you the maximum value. But if you are selling gold bars or coins, there is a good chance of getting the maximum value.

Gold refineries are one of the best options for selling gold jewelry. As no middle man is involved, you can maximize your profit. Many online buyers provide free manual kits through which you can send your scrap gold for estimation. And due to low overheads, the online retailers much offer better price as compared to the local jewelry stores or pawn shops.

Here are some points you need to consider while selling gold jewelry. The gold karat ...
... type, its weight, the price of gold in the market, refinery or assessing fee if any; all these factors you need to consider at the time of trading your gold jewelry. It's also recommended to check the buyer's profit margin. If the profit margin is within 15% of your profit margin, then it's a genuine deal. But if the buyer wants more than 40% of the amount, then you got to be careful as you might get ripped off your profit amount.

Due to competitive pricing, many online gold buyers don't even hesitate to offer more than the general market offering. The lower overhead costs also add up for its higher payout. Hence, it's a good option for selling gold jewelry where you can get good profit even without leaving your home. And the best thing, by selling jewelry online, you are eliminating the middleman who otherwise would have taken a share of your profits.

AUTHOR:-
Sellgoldonline.ca is an online retailer who provides valuable suggestions on how to cash for gold, sell gold online. For more information of how to sell gold coins, please visit sellgoldonline.ca