Worth Its Weight in Gold: Top 3 Tips for Getting Top Dollar When Selling Gold

selling gold

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Last Updated on June 24, 2020 by

Have you been doing some spring cleaning and have found random gold jewelry pieces that you never wear? Or perhaps have only one gold earring left from a pair you used to have? Believe it or not, there are ways to make top dollar when selling gold. 

selling gold

Keep reading to learn more about selling gold jewelry or any gold pieces that you have. 

1. Look for a Reputable Buyer

If you want to make the most money out of the gold you have, you want to make sure that you choose a buyer with a good reputation. You want to look for a company like Crown Gold Exchange that is dedicated to buying gold and buying jewelry.

If you fail to do your research on the buyer, you might end up getting the short end of the stick. A buyer without a good reputation or a shady business will not give you as much money as you deserve. You also want to make sure that the buyer has a license to buy gold in the state that you’re in. 

2. Know Your Gold Value

Before you bring your gold in, you want to have some knowledge of what your gold value is. Gold is usually valued in weight, purity, and the current gold market price. You want to look at each piece you have to see if it has a small stamp on it with a number and the letter “k” next to it.

The most common stamps are 10k, 12k, 14k, 18k, and 24k. A 12k stamp means that the gold is 50% pure. The higher the number the more gold your piece contains. 

You also want to look at sites like Goldprice to see what the current market value is. This is not going to be the amount that you get paid per piece but it will give you an idea of what gold is currently selling for. 

3. Appraisals

If your gold is an antique or an intricate piece of jewelry, you want to have it appraised before you sell it to someone that pays by weight. Find a designer or an antique jeweler that can give you an estimate of how much your gold piece or pieces are worth. 

Once you know what the real worth is you can take it to a gold buyer to see what they pay for it based on weight. Having the appraisal done ahead of time will allow you to choose the best option where you can make the most amount of money.  

Is It Selling Gold Time?

Now that you have our top tips about selling gold for top dollar, are you ready to take action and sell all of that extra gold jewelry you have sitting around? Why not make room for something else or make some extra cash?

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