Three Things to Know When Selling Gold to Jewelers

Selling scrap gold to a metal refiner, you first maylikely your piece of jewelry is wrongly imprinted to
want to get prices from jewelry stores..misrepresent the content for the seller to earn more
You have the choice to receive the greatest amountcash.
of cash for your scrap gold. For many people, aRetail Value Does Not Reflect the Scrap Metal Price
company like Cash4Gold is the optimal option becauseIt's easy to assume that you sell to a gold refiner, you
they purchase jewelry and gold of any kind. Damagedwill get paid slightly less than retail for your old jewelry.
necklaces, single earrings, dental gold, and anything withGold buyers only buy the intrinsic value of the metal
gold and silver in it.within the jewelry, not its quality or appeal.
But if you have a piece of jewelry which is valuedJewelry stores work on very large margins, and can
much more than just the metal that makes it up? Youmark up prices by three to twenty times their metal's
assume you can get more money from a jewelryworth. Even jewelry purchased on sale will still be a lot
store for selling your items.higher than the metal's value. The precedence is akin
But wait, here's what you have to know so thereto buying a brand new car. As soon as you take it out
aren't any surprises!of the store, the value of the automobile falls
You Can't Trust Engravingdramatically.
Skilled jewelers and special equipment can tell exactlyJewelers Use Appraising as a Marketing Gimmick
what kind of gold makes up jewelry. Your piece ofWhen you take your scrap gold and jewelry to a
jewelry might not be as valuable as you think.jewelry store for appraising, there is a likeliness that the
The engraving on jewelry marks its karat, or goldappraised price is for trade-in only. This means that
purity level. Some countries have no rules and lawsyou will not get cash for your gold. Jewelry stores
requiring that engraving be authentic, and some don'texpect you to buy another piece that's marked up
require a 3rd party to verify jewelry's gold content. It'sthree to twenty times its metal value.