5 Tips on Selling Your Gold Jewelry

Updated: Aug 23, 2019

1)  Do Business with someone you trust. A local Jeweler is often best choice rather than a “Fly-by-Night” Group. Be Sure they are licensed. 

2)  Bring Anything you haven’t worn in over a year. If you are not sure what it is, bring it anyway for testing. Don’t worry about condition since, in most cases, the gold will be taken to a refinery & melted. Don’t forget about the watches that may have gold, watch band lines, single earrings, pearls, coins, and even dental fillings, plus silver jewelry and house wares. 3)  All testing and weighing should take place in your presence. 4)  Daily market values for gold are based on pure, 24k gold. You will be paid less for 10k, 14k, 18k, etc. since they include other metals. You should be paid additionally for gemstone and diamonds. 5) Be realistic about what you are offered. You will not get what was paid for your jewelry since that retail price included labor, overhead etc. In addition the gold buyer must pay a refining charge and have a little profit margin.

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