Selling junk gold can be a quick way to earn some extra cash, but getting the best deal isn’t always easy. There are many specialized companies to choose from, but these may not offer you the best price. Selling gold to a high street jeweler or through an online trading website where you can get cash for gold and diamonds may take longer, but you will likely be offered more money. So, read the blog below to learn more about the smart ways you can sell gold online.
Time is crucial
If you know the rules of supply and demand, you will know what we are talking about. Gold tends to be more in demand when the economy seems unstable, as it is considered a safer bet than other forms of investment. Therefore, it is worth considering the state of the economy when selling gold.
Get value for your gold
Looking at hallmarks and weighing your jewelry will help you assess how much your items may be worth, based on current gold prices. You can also get an appraisal from high street jewelers to give you a firm idea of what your gold is worth. If you are submitting your items to a money-for-gold company, always get an appraisal first.
Sell gold online
If you live in an area with few jewelers, or can’t find a good deal for your gold on the high street, you can try selling your items online on popular websites. Since you’re potentially selling an expensive item, be sure to check out the positive feedback from previous buyers so you know they’re trustworthy.
Look at the value of the entire item, not just the gold.
Gold buyers are generally only interested in the value of the metal that makes up gold items, rather than the gemstones they contain or the value of the craftsmanship. Companies can remove stones from gold jewelry and dispose of it if you ship rings, earrings and necklaces with precious gems, preventing you from collecting their value. If you suspect that items you own are worth more than the gold they contain, are antiques, or might be of interest to collectors, have them properly inspected and appraised before selling.