Why do you want to sell? – It is a good idea to determine why you want to sell your gold jewelry for cash. Sometimes we need fast cash to pay for new things, pay bills, or have extra money for taxes. In this case, you want to get rid of jewelry that does not have much sentimental value. Items to sell would include single earrings and broken jewelry pieces. Some jewelry, such as heirlooms, probably should not be sold no matter how much you need cash. If a piece of jewelry is worth more than the metal it contains, its best to hold onto it or shop it around to antique dealers.

Get an Appraisal – When you figure out what you want to sell, it is good to get an appraisal from a third-party source. If you are only selling a few pieces then an appraisal might be overkill. If you have a handful of jewelry or more, then an appraisal from a 3rd-party source that is not looking to buy or sell jewelry can get you a lot more money. When you know how much your jewelry is actually worth in estimated resale and melt-down value, you are in a much better bargaining position. You will also know the accuracy of the karat markings on your jewelry.

Check the Gold Price Daily – Gold prices change constantly, since gold is exchanged on the open market. When selling gold, you will always earn more money when the price of gold is high. Over the past few months, the price of gold has hovered over $1,100 per ounce, which means gold prices have never been higher and now is a great time to sell gold. Remember that the actual price of gold per ounce does not equate to the amount of money you receive. The price of gold should only be used as a reference.

You can check gold prices live at BullionVault.com

Get more than one quote- The prices that companies will pay for your scrap gold and jewelry will vary widely. Pawn shops, online gold buyers, and jewelers will pay you different amounts for the same amount of jewelry, because it all depends on what these companies specialize in. For example, if you sell to a jewelry store you may receive more money, but it will be in the form of store credit.

Review the Buyer – While researching buyers for selling your gold, make sure you can trust the company to receive good customer service. Companies like Cash4Gold specialize in customer service, and have a very strong reputation. If you sell to a jewelry store, then look up their reviews online.

There are many knock off companies on the internet that will simply take your gold and disappear. If you go the online route, then make sure the company you are dealing with will stick around.

Your Gold is No Longer Usable

Sometimes bad things happen can happen to good jewelry. Earrings can bend beyond repair, or you may lose one making the pair useless. Necklace chains can become mangled and bent, and can be very expensive to repair. You might also have a watch that hasn’t told time in years. Whatever the case may be, sometimes jewelry ends up in a bad enough condition where it is worth it for you to sell.

You Gold Jewelry isn’t Fashionable, or Causes Heartbreak

There are two reasons why you might not want an item anymore (excluding damage). One reason is that the piece of jewelry was given to as a gift during a relationship, and now that relationship has gone south. If a piece of jewelry haunts you every time you open the jewelry box, then it might be time to sell.
Another reason is that your style may have changed. A piece of jewelry from the 1980’s may not be too fashionable to wear anymore, Or the piece of jewelry is simply out of style or doesn’t match the style of clothes you wear currently.

It is Technically Recycling

Mining for gold and silver is one of the worst practices for the environment. Gold and silver mines completely ravage the piece of land where they sit (often they are many, many square miles large). They leave large holes in the earth and require lots of polluting machinery to operate. The area often gets torn apart by the large vehicles carrying ore back to the processing plants. At refineries, chemicals are used to extract the gold from the ore, which are released back into the environment.

The piece of jewelry you thought was so pretty actually has a dirty history.

The amount of work it takes to get gold back into a usable form from old gold and jewelry is substantially less than what it takes to extract that same amount from the earth. By selling your gold to a gold buyer, they will melt it down to be resold to jewelry makers and other types of businesses that use gold.

It’s an Easy Way to Get Money Fast

Everyone can use a little cash these days. Unemployment rates are high and the recession is still lingering. Not to mention tax time just passed, and if you owe money then selling gold can help ease the finally burden.

If your budget is strapped for cash, now would be a good time to look through old jewelry boxes to see if you can sell anything that you simply do not want anymore.

Selling Gold is Easy

It takes no more than 2 minutes to request a gold sellers kit from a company like Cash4Gold. They mail you a gold kit that arrives within a day or two, and they process your order as soon as they receive it. It makes much more sense than driving around town to find a pawn shop or jewelry store.

President Barack Obama signed his stimulus bill into law today, and the stock market took a nosedive. On the flip-side, the price of gold reached a 7-month high, trading at $967 per ounce for April futures. The price of gold has gone up 9.4 percent this year.

The price of gold typically goes up when there is fear in the economy, because it is seen as a safe investment. Many investors are concerned with the US Government’s ability to pull the country out of a recession, so they dump stocks and turn to gold as a hedge bet.

Some gold-pundits see gold reaching highs of $2,300 per ounce down the road.

Seasoned forecaster Dundee Wealth Inc chief economist Martin Murenbeeld and US Global Investors precious-metal-fund comanager Ralph Aldis both cite the exact same long-term $2 300/oz figure, Murenbeeld explaining that the $850/oz gold-price peak of January 2008 translates into a $2 300/oz peak in today’s money.

Sources:
AP
Mining Weekly

The websites out there that let you sell your gold for money, such as the ones listed in our directory, should be actual refiners of precious metals. Other websites, while they appear trustworthy, can be pawn shops in disguise. Online pawn shops may require personal financial information, putting you at risk of identity theft. They also lower the amount of money you can make for your unused gold and jewelry by adding a middleman. When you sell your gold, silver, and jewelry directly to the refiner, you are getting the best, most up-to-date rates on the market.

Does the company free, secure and insured shipping packages?

If the company you want to work with does not send you a Free Package for you to send off your unwanted gold and jewelry, then they are probably not too serious about doing business with you. And not a blank envelope, either. The package should be secured, have tracking information, and be insured. The top providers of cash for gold services offer tough, secure packages for free. Anyone else is just imitation.

How good is the company’s customer service?

The company you want to work with should have a phone number clearly on the website for any questions you may have. Read their testimonials to make sure people are satisfied with their service. An added bonus is Spanish speaking phone support.

Is the company’s privacy policy monitored by a third-party company?

If you look at any established company today, its privacy policy is reviewed and monitored by another company, such as TRUSTe. TRUSTe, and other privacy policy monitoring companies check to see if a websites privacy policy is in compliance with government and industry guidelines concerning the use of the customer’s personal information.

Does the company offer a return policy if you are unsatisfied?

Selling your gold and unwanted jewelry for cash online sounds riskier than going to a pawn shop in town, but it’s actually the opposite. When you work with a metal refiner directly online, they will offer to return your jewelry within 10 days or so if you are unsatisfied with the amount they have paid you. If the company does not offer this, then you should not deal with them because you have no guarantee of getting your jewelry back if you’re not happy with the amount they have sent you.