How to Sell Your Gold

Posted by Kevin Smith
7
Feb 21, 2018
304 Views

Almost everyone has a necklace or other piece of jewelry they no longer wear, or it’s broken and not worth fixing. Maybe you inherited a piece of gold jewelry from your parents or grandparents, but it’s not your style, and has no sentimental value. Should you sell it as-is, or should you have it melted down? First, make sure it doesn’t have an antique value that could be worth more than the gold weight. With the price of gold steadily increasing over the past decades, gold buyers in Atlanta are known for giving you honest appraisals and top dollar for your gold.

Where to Sell Your Gold

Use caution when selling your gold. Beware of ads that offer fast cash or top dollar. The lowest percent of value for your gold and jewelry can be found from mail-in buyers, like firms that advertise online, on TV, or on highway billboards. They won’t pay the true value of your gold, and you might even be taken in by a scam artist. Local jewelers or pawn shops will buy your gold for a discounted price. You might have heard about gold parties. These are similar to Tupperware or candle parties where you socialize with your friends and sell your gold jewelry, but don’t expect top dollar from these events either. The challenge is avoiding scams and getting a fair price.

Trustworthy Gold Buyers

To know the true value of your gold jewelry, you need to have it appraised. Generally, appraisals are not free, ranging from $150 to $350 per hour. Some appraisers charge by the item. The professional jewelry appraisal will determine the retail value of your gold jewelry. Be sure to ask for a resale price estimate as well. An appraiser can tell you whether your jewelry is best sold as-is or as scrap for melting. The buyer will have to factor in his own profit margin and the cost of extracting the gold, so the fair price for your gold jewelry will be about 70 to 80 percent of the melt price. If your jewelry is made by a well-known designer, it may be more valuable intact.

Clean Up the Clutter

The next time you rifle through your jewelry box and decide you would rather turn some of your old gold jewelry into cash, or maybe trade it in for a new piece, you might want to take it to gold buyers in Atlanta. You will know you are dealing with trustworthy professionals, and have faith that you are getting the best offer on the market.

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