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Selling Gold Jewelry Pieces

Posted on April 23, 2011
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Today, selling gold jewelry has become popular. If you have many unused gold pieces inside your leather jewelry boxes or a mirrored jewelry armoire, one good thing to do is to have these items sold. If there are gold jewelries which have damages, you can make some money from it and have it sold to some gold buyers. Although there are many complications with selling gold, with the right knowledge, it can be made less challenging. Below are some things which should be noted by those people who intend to sell gold.

Gold jewelries should have a stamp which indicates how pure is the gold used, in terms of fineness or karat. “24l” or “1000” mark for fineness can be seen in pure gold, “18k” or “750” for 75% gold, “14k” or “585” for 58.3% gold, and “10k” or “416” for 42% gold. Normally, gold jewelries will be 22 or 23k and such will be indicated. Gold-overlay jewelries, although recycled, are also marked appropriately. If the item is stamped with “GF 14k” it means that the item is 14-karat gold fill. However, if it is stamped with “14k overlay”, it means that the item is gold-plated. For the jewelry to be gold overlay, gold plated, or gold fill, its karat should be 10 or higher. There are also some gold pieces which may not be marked such as antique jewelries. If you are unsure about the authenticity of the gold, have it checked by a gemologist.

The cash-for-gold program allows you to sell your gold jewelries at an amount which will be based on the price of the gold when it is submitted, but not based on the estimation of the new item’s value. There is a variety of factors which may be able to influence the price of the gold item you are selling such as the value of the materials used in the jewelry, the process by which the jewelry is created, manufacturing costs, and even the reputation of the store at which the jewelry is sold. In addition, when the current price of gold at the time of selling is high, you can have them sold at a price which is higher than its original value.

One of the things which should be done before having gold jewelries sold is to take pictures of them so that you can remember the item before it is sold. You can also put a detailed description of the item to give buyers a better idea of what you are selling. If there are gemstones, you can have them removed by a jeweler first before having the jewelry sold because most buyers are just concerned about the gold.

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