Sell your Gold to Get the Golden Money

If you are wondering, what to do with your gaudy and so out of fashion gold jewelry pieces, it is time to make them useful. Feel yourself lucky, as these are the golden days to sell your gold. Economic slump has affected the gold value in such a way that now gold is valued higher than ever. The harsh economic situation and the high price of this shining dawn, make it difficult to sell your gold jewelry with the satisfaction of getting the fair price.

In order to sell your gold, first of all you should figure out that in which category your item lies. If it is a plain gold ring or earrings, then you can go to a pawn shop and sell them. But if you have a very nice piece of diamond ring in a gold setting, you should not consider selling your gold to any pawn shop. The best choice is perhaps a jewelry store. You can even go for the option of an online auction website to sell your gold. As we know these kinds of pieces have respectable resale value. Pawn shops are not a better option to sell your gold, because they cannot offer you a reasonable amount. The only attractive advantage of dealing with a pawn shop could be the on-spot transaction. They are usually ready to pay you in cash, when you give them your gold. But if you are interested in more cash possible rather than ready cash for your jewelry, then online trading is the best option.

Although jewelry shops are the places to sell your gold, which give you the fair price for your gold, but if you have a broken necklace or a single earring, then these shops cannot help you. The resale value of such items is not as much as it should be; if it is intact, but this scrap gold surely does have a reasonable melt value. In such cases online gold dealers become a smart choice. These gold buyers allow you to deal with all types of gold jewelry, no matter what condition of jewelry is. You might think that, why they are interested in a broken and useless item. The reason is that they are concerned with the melt value of the gold. But you have to be prepared for a shock as you can lose up to 70% of your jewelry’s retail value. But this would be better than having nothing.

After selecting the mode of transaction to sell your gold, you should set a target price in your mind. Gold jewelry is measured in grams, ounce and pennyweights. You should also know that how much gold is present in your piece. Note how much carat your gold is. Then you can use online calculator to find out the value of your item, based on the current market price of gold that day. You should set the target of getting 80 percent of money, you had calculated in your mind.

Now all you have to do is to go online and select a reliable company to sell your gold. Then you can offer them your item and send information about yourself. They will send a box, in which you can send your gold piece.

You should make sure that service provides insured shipping and online tracking. For more satisfaction you can take pictures of the items you’re sending, to make sure that how it looks. You can also make a detailed list before sending them, so that you may have a proof in case of any mishap, while selling your gold.