Tips For Selling Gold And Silver Jewelry

Posted on: 5 May 2016

Selling your gold and silver jewelry is a good way to make some extra cash when you need it. The process for selling jewelry is multi-faceted, since there are several things you should do to get the best selling prices. 

Get it Appraised 

The first thing to do before you consider selling your jewelry is to have it appraised by the jewelry dealer. While most gold and silver buyers will pay you based on the melt value of your jewelry, some pieces can actually be much more valuable as they are. For instance, if you have an antique piece of jewelry or something with a rare pattern, then you may be able to get much more money simply selling it as is. 

Consider Options for Selling

If you have determined that your gold jewelry is most valuable at its melt value, then you can consider several different options for selling it. Selling locally has its perks, since you won't have to worry about shipping and making sure your buyer receives the items. But online gold and silver buyers can also be an excellent option since you have more options to shop around and find the best buyer. 

Research Prices

No matter who you choose to sell to, don't go into it blindly. There are many tools online for finding an accurate and up-to-date quote on the melt value of silver or gold. Be armed with this information when you go to solicit quotes. 

Get Quotes

You're not going to get the full melt value of your items, since your buyers have their own overhead and profits to cover. But you should get quotes from a variety of places to see which one will give you the best deal. Some will quote you at a percentage of melt value, while others might offer you a flat sum of money for your offerings. 

Research Reputation

Before you finalize any deals with a gold or silver buyer, be sure to look at their reputation online. Check with the Better Business Bureau to make sure you can trust the company to send you a check. 

Selling silver and gold for a good price does take some work, but going through all of these steps is a good idea to make sure you don't leave any money on the table. Once you've found a system that works for you, it will make it that much easier to sell more jewelry in the future. To get started, contact a company like Gold for Cash.