Just found out some yellow trinkets out of your family vault? If they happen to be too old fashioned for your sense of style, then why overcrowd your jewelry wardrobe unnecessarily? This is the high time you can make good profit out of your old gold. But you should take measured steps so that you are not fooled by the jewelers. The article sows you ways how you can make maximum profit.
Gold NecklaceSo you have got your hands on some of your granny's vintage gold jewelries which don't actually match your sense of style and you want them to earn some cash for you! So what will you do-----just sell off the old trinkets to seize some cool cash. Sneak a peek into the jewelry shops and you will get to see, hundreds like you are on a gold selling spree.
And why not?
Since last year, the gold price has increased by leaps and bounds with the record high of $1,030.80 hit in mid-March. The trend teaches you one important lesson: this is the most opportune moment to sell off your inherited gold that you don't use as trinkets and make a fortune out of it.
Now you definitely need to do your homework before you rush to the nearest jeweler
Before taking your precious gold to just any jewelry shop consider these points:
* To your buyers your jewelries are nothing but scrap metals and they will melt down the pieces to morsel. This means you have little chance to get back the trinkets even if you change your mind and want to keep them. So make your mind first before you decide to sell them off.
* The jewelers are the most intelligent creed who can easily mislead you and rip off your money. So choose a buyer with caution.
* When the jewelries are melted to scrap you will get nothing for the other metals present in the pieces. However, for the white gold, the rule is different; here the gold is mixed with platinum or other white metal belonging to platinum family and hence white gold always fetch you many times more resale value than the yellow gold.
But there are ways to outsmart the smart jewelers
Your gold jewelry pieces can earn you profit only when you are familiar with the fine prints of the trade. Here the tips to help you out in the process.
Seek appraisal from a neutral appraiser
* If you want to make profit, you must get your gold jewelries assessed by an appraiser or other jeweler other than the one currently buying your gold.
* Appraisal of each piece will cost you somewhere in between $30 to $35. If you have a number of pieces to assess, then it will be more prudent to hire an appraiser on hourly basis---an individual appraiser will charge you about $70 to $75 an hour.
* An appraiser can tell you best which of the pieces from your collection can fetch you good money and which can't. The pieces that don't sell for good right now can well rest inside your closet for few more years.
* The value figured out by the appraiser and the actual market price of your jewelries may vary in reality; but by getting them appraised, you get a good starting point in your bargain.
* It also helps you get the actual picture about the accurate weight and gold content of the pieces. Only the pieces curved out of 24-karat gold will fetch you considerable cash. So far as the pieces made from 10 karats or less or the gold plated pieces are concerned---you should not expect to resell them. However the pieces made with 18- or 14-karat gold-which means the pieces are made of 75% or 58% gold will fetch you fairly better value.
Gold NecklaceSo you have got your hands on some of your granny's vintage gold jewelries which don't actually match your sense of style and you want them to earn some cash for you! So what will you do-----just sell off the old trinkets to seize some cool cash. Sneak a peek into the jewelry shops and you will get to see, hundreds like you are on a gold selling spree.
And why not?
Since last year, the gold price has increased by leaps and bounds with the record high of $1,030.80 hit in mid-March. The trend teaches you one important lesson: this is the most opportune moment to sell off your inherited gold that you don't use as trinkets and make a fortune out of it.
Now you definitely need to do your homework before you rush to the nearest jeweler
Before taking your precious gold to just any jewelry shop consider these points:
* To your buyers your jewelries are nothing but scrap metals and they will melt down the pieces to morsel. This means you have little chance to get back the trinkets even if you change your mind and want to keep them. So make your mind first before you decide to sell them off.
* The jewelers are the most intelligent creed who can easily mislead you and rip off your money. So choose a buyer with caution.
* When the jewelries are melted to scrap you will get nothing for the other metals present in the pieces. However, for the white gold, the rule is different; here the gold is mixed with platinum or other white metal belonging to platinum family and hence white gold always fetch you many times more resale value than the yellow gold.
But there are ways to outsmart the smart jewelers
Your gold jewelry pieces can earn you profit only when you are familiar with the fine prints of the trade. Here the tips to help you out in the process.
Seek appraisal from a neutral appraiser
* If you want to make profit, you must get your gold jewelries assessed by an appraiser or other jeweler other than the one currently buying your gold.
* Appraisal of each piece will cost you somewhere in between $30 to $35. If you have a number of pieces to assess, then it will be more prudent to hire an appraiser on hourly basis---an individual appraiser will charge you about $70 to $75 an hour.
* An appraiser can tell you best which of the pieces from your collection can fetch you good money and which can't. The pieces that don't sell for good right now can well rest inside your closet for few more years.
* The value figured out by the appraiser and the actual market price of your jewelries may vary in reality; but by getting them appraised, you get a good starting point in your bargain.
* It also helps you get the actual picture about the accurate weight and gold content of the pieces. Only the pieces curved out of 24-karat gold will fetch you considerable cash. So far as the pieces made from 10 karats or less or the gold plated pieces are concerned---you should not expect to resell them. However the pieces made with 18- or 14-karat gold-which means the pieces are made of 75% or 58% gold will fetch you fairly better value.
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