It is easy to get overwhelmed as a first time seller of gold. There are tons of different buyers all competing to get you to sell to them. This can make it quite difficult to make any decision even for practiced sellers. In the following article I will explain how you can figure out how much your gold is valued at and how to sell it to a legitimate buyer.
The first thing you have to understand in order to sell gold is how much gold is in your piece. You can find this out by use of carats. These carats can range from twenty-four (pure gold) all the way down to one (less than 4%). The reason it can be so low is that hardening agents like nickle, zinc, or some other metal are added during the smelting procedure to harden it up. Otherwise gold is a exceedingly soft metal that is eroded down quickly. You should be able to find out what karat-age your gold is by a impression somewhere on the item.
The next thing you have to understand is how much your gold weighs. This is referred to as gram weight. The gram weight will help you to figure out how much your gold is worth by finding out the current price of gold (you can find this on almost every major financial site, multiplying that by the gram weight and then by a chart based on what karats the gold is.
Another very important part of the selling process is the design and workmanship of the gold jewellery. Almost without question, an antique well designed piece of jewellery will be worth more than any kind of jewelry mass-produced by a machine. Handmade pieces are especially more valuable as the workmanship is much better. Quality hand-crafted pieces almost always last longer than any machine made piece of jewelry. The result is that old-fashioned and well-crafted pieces of gold jewelry are worth the most.
The price of your jewellery is one of the final components. As noted above, handmade jewellery fetches a better price generally but if it is not valuable as determined by its craftsmanship than its gold content comes into play. If that is the case with your jewellery than you should sell to a gold refiner who will pay you based on how much gold is in your piece which you figured out earlier.
So if you observe all of these points, you should be able to sell gold jewellery rather well. But naturally you invariably need to do your own inquiries into each jeweller and jewelry store. You might even look at pawnshops. That is really the only way that you can buy and sell gold jewellery safely.
Zack writes about gold and gold related news on his site where he teaches people to find your gold’s value and how to avoid cash for gold scams. If you would like to learn more about the art of selling gold please visit his site.