How to Sell Your Gold: Tips and Strategies

Do you have gold jewelry sitting around that you don’t wear anymore? If so, it is time to sell your gold. Selling gold can be a great way to make some extra money. With price of gold rising, you can get a lot more money for your gold than what it is worth.

You will want to work with a local jeweler that deals in jewelry such as pawn shops or independent stores who specialize in buying precious metals. These types of places have the contacts that you need when trying to sell off all those old pieces of jewelry from years past. In addition, they know just how much their type of customers might be willing to pay for an item which gives them higher margins if they’re lucky enough not only find someone looking for something specific but also at exactly the right price point (which is often not the case).

You want to take your jewelry in person and see what they offer. They will either give you cash on hand, or send you a check by mail. If it’s an independent store that specializes in buying gold, this usually means whatever price they are giving is more than fair market value as their margins from selling these types of pieces can be quite high. You can also sell your old jewelery online through eBay or Craigslist if you prefer but always get estimates beforehand so there aren’t any surprises when trying to sell off valuable assets like this one which may have sentimental meaning attached to them such as Grandma’s ring from 50 years ago for example (which – after all – she probably won’t need anymore and might even be happy to get it out of her jewelry box).