How to Spot Fair Prices Offered by a Gold Jewelry Buyer

by | Oct 14, 2015 | Jewelry

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While jewelry, especially high-quality gold jewelry, is coveted by its owners, it’s also not uncommon for people to actively look to sell their jewelry. However, to do this, it may be necessary to seek a dedicated Gold Jewelry Buyer. While this is a fairly convenient way of turning unwanted jewelry into quick cash, there are things that a seller will need to do to ensure that they get the best price possible.

The first thing that needs to be done, especially with gold jewelry, is to determine how much gold it has. Next will be to determine the purity of the gold. The purest form of gold is 24 karat. This is extremely bright, yellow in color, and soft. Another popular weight for jewelry is 14 karat gold. This type of gold typically has other metals infused in it. While it is still very valuable, it may not be as valuable as a piece of jewelry that’s 24 Karats. However, knowing how much gold a piece of jewelry has, and the weight of the jewelry in karats can help a seller to have a general idea of what the jewelry is worth. If the jewelry is a collectible item, that can also increase the value.

The reason it’s important to know the value of the jewelry is valued at is necessarily to receive the full price of that piece of jewelry. If a person were to sell the jewelry to someone interested in wearing it, they may have a better chance at getting full price. However, when a person is dealing with a Gold Jewelry Buyer, they can typically expect to get about 50% of the value. Knowing what the value is to begin with will give an individual a better idea as to whether they’re getting a fair price from a buyer or if they need to look for somebody else.

Many people choose to sell unwanted or broken pieces of jewelry at a place like Palisade Jewelers. Whether it’s a collectible watch, a gold ring, or collectible gold coins, knowing what the value is of the item you’re selling will go a long way toward getting a fair price. It may take a bit of time and some research but, when it comes to getting the most money from selling unwanted jewelry, this is the best method to use. You can also connect with them on Facebook.

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