Things to Know Before You Sell Gold

Gold is a natural element mined in different parts of the earth. Indeed, it is an exhaustible reserve and the rate at which it is mined is reducing day by day. This has resulted in constantly rising gold prices across the world. Pure gold cannot be molded into coins or jewelries. Goldsmiths usually blend purified gold with metals like silver and copper. This makes the metal mixture strong and easily moldable. However, there is no standard value at which this mixing takes place. For this reason it is not simple to determine the price of different gold articles. However, gold articles that contain 91.6% pure gold is considered to be of superior quality and they fetch maximum price.

How To Get The Best Prices?
 

Gold being one of the most precious assets in today’s commodity market there is a heavy demand for it from different parts of the world. Everyday gold worth billions of dollars are exchanged by investors and they make lots of money from the rising prices. If you have investments in the form of gold you can sell it anytime and fetch an attractive amount. Although gold enjoys a lot of liquidity, finding a good buyer is imperative to get maximum returns. So before you sell gold at your neighboring jewelry store or showroom, try to do some general research. If you are not sure about the current prices, check them online. Gold prices change every day and all the traders follow the current rates which is same everywhere.

Finding A Perfect Buyer
 

Before you set out to sell gold jewelries or coins, it is important to know that not all gold dealers are apt enough to offer you the best possible price. I have seen many gold jewelers who claim that they do not buy back any gold but only do exchange transactions. This means they do not find it feasible to accept gold for money. There are several underlying factors that contribute to such decisions and lack of enough funds is one of the major reasons. You need to approach a buyer who is not only experienced but also financially strong enough to thrive in this business. It would be wise to do some investigation about conventional gold buyers in your town before approaching someone randomly. An online search can be a good beginning. Also inquire with your colleagues about possible reliable sources.

Online Gold Dealers
 

While searching online for information on how to sell gold articles, you would come across a whole new class of business community namely, online gold dealers. Just like clothes and accessories you can purchase gold articles from online stores. You would find many branded and non-branded sellers who claim to offer quality gold jewelries at best prices. In the same way, there are dealers who buy gold from online customers. Initially, such dealers suffered from lack of credibility and goodwill but eventually their customer base started expanding. As of today thousands of online shoppers are exchanging their gold ornaments for cash. The entire sale amount gets credited to the sellers’ bank accounts after it is charged with appropriate taxes and transaction costs.

How to Sell Gold Jewelry for Instant Cash

While selling any type of asset, buyers always try to bargain for the lowest price and sellers do the same for getting the highest price. For some assets this phenomenon is more intense because the prices are determined by the demand-supply curve. Real estate is the best example. Fortunately, gold prices are not determined by the bargain. Gold is a rich investment that hardly suffers from price falls or lack of demand. So, one of the safest ways to make fast cash is to sell gold jewelry or bullions. The money you get by selling gold depends on several factors. The quality of the jewelry is the key factor that determines its price. The age of the jewelry also matters; however, it doesn’t affect the cost much if it is made of 916 gold.

Preserve Your Jewelries
 

Gold jewelries are subject to damage over time. If you own a lot of jewelry, then always take efforts to preserve them from wear and tear. Certain ornaments have detailed carvings and delicate joints that often give away owing to long term usage. Even an ounce of gold represents lots of money so keep a close watch on your gold chains, necklace and bracelets and do not let anything break off or fall apart. Do not keep your gold ornaments along with jewels made of silver. When kept together for long duration silver reacts with gold and gradually erodes it. It is always best to keep gold ornaments away from other low quality metals. Do not tie gold in tight cloth bags. It is always better to keep all your ornaments in their respective jewelry cases. These are some general things which can help you get a good price on your jewelry sale.

Sell Gold Jewelry Online
 

There is lots of fashion in the internet and you cannot compare much of it with the usual trend you find in your local markets. If you ask me, I wouldn’t discourage you from buying or selling gold online because I believe there are many big dealers who offer quality services at reasonable costs. However, it would be better to make a slow beginning. Try selling a small piece of jewelry and wait to see the results. If you fetch a fairly good price, you can continue with your next lot. In any case, you should remember that even though it is more convenient to sell gold jewelry online, you may not get any instant cash. Internet dealings take time and when it involves big amounts you would find yourself waiting for all the banking and money transfer procedures to finish before you could withdraw the money.

Selling Antique Jewelries
 

Online shopping can be quite addictive when it comes to rare, precious and old jewelries. If you search online you would easily find many antique jewelry collections that are beautiful and timeless. The prices may vary depending on the make, style and materials used. Gold jewelries studded with rubies and sapphires are much more popular. Ancient Indian jewelries have a huge demand in European and US markets. Temple jewelries made of pearl and diamonds are one of the most popular varieties. So if you own a piece of old jewelry, do not hesitate to exhibit it through online stores. This is the best way to sell them for a grand price.

A Diamond Ring And A Broken Heart

How many times have we heard the proverbial cliché that diamonds are forever and what could be as priceless and eternal as an engagement ring. More than its monetary value, an engagement ring is a prized possession with immense sentimental importance. But what if the emotions stringed to that beautiful solitaire lose their meaning? After a failed marriage or breakup, people may want to sell off their engagement rings. Some may do so in order to upgrade their jewelry with a bigger rock on their finger. Many people are also ready to give away their engagement rings in exchange of quick cash to meet immediate needs.

How To Sell Engagement Ring
 

For selling an engagement ring, the first step is to consult a professional, experienced appraiser to get a fair estimate of the quality and value of the ring. Diamond rings which have certificates of quality can fetch a good price. One can sell engagement ring to a jeweler, a pawn broker or an online site. In order to get a fair price, one must do a little homework, get a few quotes and compare deals before making a decision. Selling online involves a simple process. One has to fill out an online form with detailed information and photos of the ring. Certificates of quality and authenticity must also be included. The company makes an initial offer on the basis of providing information through phone or email. They may arrange a private appraisal with a professional diamond inspector or ask you to ship your jewelry to them in a free, insured package. If the seller is satisfied with the offered price, the deal is completed by directly transferring money through check or electronic transfer. Several websites allow you to list your items on their site and get quotes from potential buyers. They keep the money in escrow till the ring is verified and appraised by a gemologist. You may list your ring on online auction sites or classifieds.

Tips To Consider
 

There are multiple selling options available in the retail and online marketplace. A few things must be kept in mind to sell engagement ring:

• Get an accurate valuation of your ring.

• Choose a trustworthy, reputed buyer with professional experience.

• Certificates of authenticity and quality from independent labs and experts help in getting an accurate valuation.

• The selling process must be safe and secure.

Getting A Fair Price
 

The valuation process for second hand diamonds is pretty complex as diamonds do not have a quantifiable melt value like gold. The size, shape, color and clarity of the diamonds are the factors which determine their value. The value of gold or platinum used in the ring is calculated on the basis of the metal’s weight and purity. It is important to have a realistic idea of the ring’s value. The monetary market value of the ring may not be as high as the emotional value it holds for you. The most crucial part is to find a buyer who offers a fair price and professional service.