How to sell gold and jewelry: 6 things you should know

sell gold and jewelry

When we think about earning money selling our jewelry it is easy to take disappointments, since the gold necklace that you bought yesterday in the jewelry. This is possible because of its price you have to discount the profits of designers, manufacturers and distributors, and keep in mind that unless the buyer is interested in selling the jewel again as a second-hand piece, it will surely pay you only its weight in gold to melt it.

But do not be discouraged, and then we give you some good advice to sell your jewelry so you get the most benefit for them. Here is a list of things to keep in mind to make money with the sale of your jewelry, gold and precious stones:

  1. Analyze its value by age, design or brand

First of all, your gold jewelry does not need to be in good condition to be sold. Think that as we said before, most of them will end up in a foundry or they will use their precious stones in other settings.

However, there are certain jewels, such as antiques, branded watches, old gold coins , or pieces created by famous designers that would give you much less money valued only as metal.

  1. Spend them in a reliable place

To obtain an approximate value of your jewel, the best option is to have it be a neighborhood jeweler (free if possible) or a relative who understands the subject. This should be your first option, since the main business of jewelry is not the purchase of them, so your business does not depend exclusively on it as it happens with pawnshops. These we recommend that you avoid them since they will surely give you less money for your gold jewelry than in the jewelries.

If you want to sell a diamond or other precious stones, it is best to go to a reputable jeweler. Another option is for example to visit a reliable website to sell reliable diamonds, like this one , where they can give you an initial value by filling in a file with the description of the piece and then assess it after reviewing it in your laboratory.

On the other hand, avoid “Buy Gold” stores at all costs. Many have emerged in recent years and most are of dubious reputation.

  1. Calculate yourself the real value of the jewel

A very important advice when buy gold offshore, jewelry or precious stones is that you calculate more or less how much they are worth so that you do not go to inform yourself to a totally exposed establishment and without having any idea of ​​what they can offer you. In this way you can negotiate much better when selling your jewelry and get more money for them.

  1. Compare prices in various markets

Before deciding to sell your jewel or gold in one place, compare the value they offer you with that of other establishments. This way you can be sure that you have been offered a fair offer for your piece.

  1. Bargain

The price of gold is not a closed price. Each establishment can offer what it considers, and that means you can bargain for the price of it. It is possible that when you leave “discount for me” they offer you a higher value. The more places you visit, the more certain you will be of what you can ask for at least for your jewelry.

  1. Watch with burns

Occasionally, jewelries will scratch the piece of gold on a piece of basalt to check the purity of the metal. Then they add an acid that reacts by becoming one color or another. Be careful because in some shops do this test directly on the jewel leaving an ugly burn on it. Ask before they take the test.