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Many sources including the kiplinger article mentioned above suggest that you should aim to get 90 to 95 of the spot price when selling gold and silver bars or coins and 70 to 80 of melt value for jewelry and other items.
How to get the best price for selling gold jewelry. Paid out more than 52 million to sellers since being founded in 2004. Here s a simple guide and some tips to help you navigate the muddy waters of selling gold jewelry. This can be an step 2 avoid hotel buying scams.
This means if something goes wrong their gold buying license cannot be revoked. Step 1 try to avoid selling to jewelry stores. Jewelry stores are most likely not licensed to buy your gold jewelry.
Find the melt value of your items. Guaranteed highest price for your gold jewelry coins diamonds and dental scrap. Insured up to 100 000 by lloyds of london.
Buyers weigh gold and silver using troy ounces which are equivalent to 31 1 grams. Nonetheless weeding out the real experts among the flock of gold buyers to get the best price can be tricky. With the price of gold still relatively high selling unwanted gold jewelry continues to provide good opportunities for quick cash.
Lastly a jeweler will try to convince and pressure you to purchase an item in their store.
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