How to Sell Gold Jewelry - Tips and Education

If you are like a lot of people these days you areyou have is real gold is look for what is called a gold
looking for ways to save money and bring in morehallmark. These look like "10K", "14K", "750" (18K) etc.
money. One way many people have found to make"K" stands for Karat and indicates the percentage of
ends meet is to sell things they don't need or wantitem that is made with gold.
anymore. The most popular idea by far is to sell goldOn a necklace the hallmark is usually on the clasp. On
jewelry that is broken or no longer wanted. A wholea ring its usually on the inside of the ring. Often the
industry has popped up around this idea in the last fewhallmark is very small and you may need a magnifying
years.glass to pick it out.
With gold at a record high level its a very attractiveNo matter where you sell your gold, they will test it and
idea to convert those old rings, necklaces and othertell you if its gold or not. Most gold buyers say that if
jewelry into cash. However you have to keep a fewyou are not sure, bring it in anyway for testing.
things in mind when doing so.Gold plated items are not worth recycling as gold
First, know that the outfits that buy gold are not all theplating is usually just a few atoms thick. There really is
same. While most are reputable they do not all pay thenot much gold there all and these items are worthless
same for your gold. In fact, where you go willto a gold buyer. Items that are gold plated will
determine how much you get for your gold. Take asometimes have a "GF" for "Gold Filled" as part of the
look at this test where the customer when to sell goldhallmark. Ironically, "Gold Filled" means that there is no
jewelry to four different buyers. Unsurprisingly the bestgold in the item other than the atoms thick outer
rate was gotten when she sent her gold into a realcoating.
gold exchange instead of the mall cart guys or evenThe last thing to keep in mind is that when you sell gold
the local jewelry store. The guys from TV were thejewelry you are basically recycling. Don't expect to get
worst.anywhere near what you paid for the item originally.
Next, understand that just because something isWhen you originally bought the gold jewelry the cost
colored gold, it is not necessarily made from gold. It isof the precious metals are just a part of the cost
nearly impossible to test to see if something is madefactors along with the cost of adverting and
from gold at home. Gold testing requires specialproduction.
equipment and acids. The best way to know if what