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Maximizing Your Profit When Selling Gold Jewelry

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When you're looking at ways to turn your current possessions into cash quickly, one of the first things you should consider is any gold you may own. Gold has long been a popular commodity for sale and trade, and you can even go to many local jewelers to sell your pieces. Before you do, though, there are a few things that you should understand.

You Should Always Talk With An Appraiser First

The best way to ensure that you're getting a fair price and the best possible deal for your pieces is to ensure that you know what every one of them is. After all, if something you have inherited is actually an antique that's worth a lot of money as it is, you don't want to sell it to a jeweler for the metal weight. If you aren't certain about the pieces that you have, talk with an appraiser to get everything assessed and documented.

The Karat Rating Will Make A Difference

When you're selling gold, it's priced according to the karat rating, or how pure the gold itself actually is. Make sure that you know the karat rating for each of the pieces you're selling, and ask about what the price difference is between them. After all, it's only reasonable that 24-karat, or pure gold, be worth more than a lower karat rating that's mixed with other metals. Whenever possible, separate every piece by karat before you go so that you can make the whole process easier.

Don't Dismiss The Presence of Gemstones

When you sell jewelry for the gold weight, most jewelers intend to melt it down. Any gemstones that exist are removed first and then used in later pieces or sold to a wholesaler. That's why it is in your best interest to negotiate your jewelry sales so that you also get paid for those gemstones. If the stones are very small, there may be minimal value in them, but for larger stones, this could significantly affect the final price you receive. Sometimes you can even get the stones back or have them set into another piece if you request it. Every jeweler has their own method for dealing with the presence of these stones, so ask in advance to understand your choices.

With the information here, you will be better equipped to sell the gold that's been taking up space in your jewelry box. For more information, contact Atlas Loan & Jewelry Co or a similar company.