Best Prices On Selling Gold Jewelry

23 2011 in today s swerving economy stocks are out and gold is in.

Best prices on selling gold jewelry.

Get a value for your gold. Determining melt value to determine the melt value of your gold piece use the weight of your piece measured in grams the purity of your piece measured by percentage and the current. If you re selling gold coins a reasonable settlement would be 90 of the market value. Gold prices usually are quoted per troy ounce which is equal to 31 1 grams so you can easily divide the current gold price by 31 1 to get the price per gram.

However keep in mind that that price is based on 24 karat gold which is 100 pure. If you are near the los angeles area national gold market is located in pasadena california. Selling jewelry as jewelry is usually best if it has some historical or artistic value. Compare prices from as many sources as you can before selling your gold.

Looking at the hallmarks and weighing your jewellery will help you to assess how much your items might. Best place to sell gold and jewelry. Why gold is valuable. A plain gold necklace will be worth less than a well preserved hundred year old necklace that contains the same quantity of gold because the old necklace has historical significance.

Many sources including the kiplinger article mentioned above suggest that you should aim to get 90 to 95 of the spot price when selling gold and silver bars or coins and 70 to 80 of melt value for jewelry and other items. The price of gold is up 20 percent since the beginning of 2011 and by mid august gold was going for over 1 700 per. The price that a gold buyer will give you for your jewelry is based on the price of gold for that day. Mail in buyers the absolute worst deal for your gold and jewelry comes from firms that advertise online on tv or on highway billboards.

Answers to commonly asked questions about gold prices and selling gold coins and jewelry. If you have a 14k gold piece it s 58 5 pure so at most you would get 58 5 of the price for gold on that day. Here is a quick comparison of top buyers. We found prices offered by cash for gold companies compared poorly with high street jewellers pawnbrokers and online gold buying services.

Gold is a fascinating commodity one of the oldest forms of investment wealth as well as deeply sentimental when in the form of jewelry and other art. If you re selling gold jewelry a reasonable settlement would be 70 to 80 of the market value.