How to Sell Your Gold Jewelry

by Kevin Smith Author

With the price of gold on the rise, you could be sitting on a pile of cash without realizing it. Many people have a collection of vintage pieces, rings, necklaces, and earrings that they don’t wear anymore. Instead of letting these pieces of gold jewelry gather dust, why not pad your pocket? Selling gold jewelry in Atlanta doesn’t have to be a pain. In fact, with the right information, you’ll feel confident once you hit the market.

Seek an Appraisal

Before you do anything else, it’s important to know what you have. While you may think you have a diamond in the rough, an appraiser may tell you that you’ve got nothing but costume jewelry. Take all of your gold pieces to a certified appraiser. These experts have studied gemstones, gold, and other precious metals. They’ll weigh and inspect each of your gold pieces before giving you a rough estimate of what they’re worth. Keep in mind that while an appraisal can give you a basic understanding of what each piece is worth, you may not get that exact amount from a buyer.

Know Your Karats

Part of better understanding what each of your gold pieces is worth is better understanding the karat system. The higher the karat amount, the more valuable the gold is. 24k is the highest amount that can be allotted to gold, meaning that it’s the purest form of gold available. In order for gold to even be considered valuable, it has to contain more than 10k.

Choose a Reputable Buyer

There are a number of buyers who will offer to buy your gold. The key is finding a trustworthy source who is willing to pay you what your jewelry is worth. Shop around and check out previous customer reviews before trusting anyone to handle your jewelry. Shop around, if possible, and collect bids from a few different places. Never hesitate to walk away from a low-ball offer.

Weighing In

When a buyer begins the bidding process, they’ll weigh your gold pieces. Ensure that you’re getting the most for your gold by insisting that your buyer weighs karats of the same class together. If they weigh your 24k pieces with your 10k pieces, they may try to pay you based on the 10k value. Separate your gold before hand according to their value to make it easier for your buyer to weigh it accordingly.

Your gold jewelry could be worth more than you think. If you’ve decided to sell your gold jewelry in Atlanta, take the time to educate yourself on the value of your pieces before you hit the market.