What to Know When Selling Gold to Jewelers
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by: gensmoot@gmail.com
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If you've decided to sell your old gold and jewelry to a gold buyer, you first may want to get prices from jewelry stores.. nnYou have the right to get the greatest amount of money for your unwanted gold and jewelry. For many people, Cash4Gold is the optimal option because they buy gold and jewelry of any kind. Old class rings and broken necklaces, are just some of the items they buy.nnWhat if you have a hunk of wonderful jewelry which you think is worth much more than just the metal that makes it up? You assume you can get better paid from a jeweler for selling your item.nnBut wait, here's what you have to know so there aren't any surprises!nnYou Cannot Believe the EngravingnnSkilled jewelers and special equipment can tell exactly what kind of gold and sulver makes up a piece of jewelry. Your piece of jewelry may not be as valuable as you think.nnEngraving on jewelry denotes its karat content, or its purity of gold amount. Many countries have no rules requiring that engraving be genuine, and some don't require a 3rd party to establish jewelry's gold content. It is very likely some piece of jewelry is wrongly imprinted to falsify the quality for the seller to make some extra cash.nnScrap Gold Prices Do Not Reflect Retail ValuennIt is common to assume that when you sell to a gold buyer like Cash4Gold, you will get retail value for your jewelry and gold. Gold buyers only buy the intrinsic value of the metal that makes up the jewelry, not its appeal or quality.nnJewelry stores work on incredibly large margins, and can jack up prices by 3-20x their metal's worth. Even gold and jewelry bought at a sale will still be far higher than the metal's value. The precedence is akin to purchasing a late model car. As soon as you take it out of the store, the worth of the automobile falls dramatically.nnJewelry Stores Use Appraising as a Marketing ToolnnIf you take your old gold and jewelry to a jewelry store for appraisal, there is a likeliness that the appraised amount is for trade-in only. This means that you will not get cash for your old jewelry. Jewelers need you to buy another item that is already marked up three to ten times its metal value. nnUse this handy scrap gold calculator for getting estimates: http://www.goldintomoney.com/calculator
About the Author
Craig Gold is an author for Where to Sell Gold Online blog.
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