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[H1589]How To Sell Gold

by Michel Ben, Mic

To sell gold and other precious metals is much easier than some people anticipate.
Its undisputed value remains at fairly stable and high levels and a number of businesses are specializing in purchasing scrap gold. Mostly, these act only as middle-men and resell to a real precious metal refinery and keep as a profit, what they withheld from you of its actual value. Sell gold to people which offer fair values!

Gold may be hidden in granny's old treasure box, or even in great-granddads desk. Many of today's people do not realize how much gold was used in the past and larger quantities are still waiting to be turned in for cash in private households nationwide. Gold is easily recyclable by means of a refining process and any item made of gold retains its material value, even if the item itself lost its functionality due to breakage or damage. To sell gold doesn't require the item to look nice either. Sell gold directly to a refinery to come out with best yields for your treasures.

In other words, grandma's locket with a broken hinge or granddad's old fountain pen tips, are still worth its full weight related value when you sell gold. Even the old gold coin that some hot shot Wyatt Earp challenger-to-be once used for target practice and sports a big hole since then or the aged wristwatch with a gold casing, whose clockwork broke a century or longer ago, will still generate reasonable amounts of cash.

When you sell gold, the purity of it is an important factor. Some of the highest concentrations of gold are to be found in items that you probably don't really consider valuable, like old dental bridges, gold teeth and service lapel pins or badges. To sell gold, palladium, platin and silver at fair market prices, contact the refinery directly: http://en.dollars4gold.ca.

The unit of measure used to value precious metals is a "troy ounce". Every troy ounce of pure gold, platinum or silver can be "diluted" or "alloyed" with other metals to make jewelry. In the United States, gold jewelry is usually alloyed in 10 karat (kt), 14 kt, or 18kt. The higher the karat the higher the level of pure gold your jewelry will yield. The percentage of pure gold in 10kt is 41%, 14kt is 58.3% and 18kt is 75%. So, when the price of pure gold is $800 per ounce, 10kt is valued at $333/oz, 14kt is valued at $466/0z and 18kt is valued at $600/oz. The actual price you can expect to receive will depend on the quantity you are selling. However, if someone offers you less than 50% of the above prices you should find another buyer!

The weight of precious metal jewelry is measured in one of two ways: either in pennyweight (DWT) or in grams (GR). Don't let this confuse you. An ounce of gold weighs either 20 or 31.1grams.

When selling your gold jewelry, you should expect to be told the pennyweight or the gram weight of the piece(s) you are selling and a price in dollars per pennyweight or gram the buyer is paying. Example: 10.0 DWT bracelet multiplied by $15.00/DWT is priced at $150 and the same bracelet weighed on a gram scale will weigh 15.0gr multiplied by $10.00/GR and still priced at $150.

Every company buying gold should be willing to quote you their daily price offering for the various karats and the price difference for larger quantities. You should be wary of those who will not give you a straight answer.

In today's marketplace it is easy to find buyers of precious metal on the Internet or in your local area. If selecting your buyer involves mailing your jewelry, be certain you are comfortable with the company's policy for shipping and insurance before sending your valuables.

IMPORTANT: Be careful when doing business with a company that suggests you send your valuables in a "kit' or an envelope and drop in a mailbox!!! You are taking an unnecessary risk of loss or theft. Regardless of how little you may be selling, I urge you to select the company which offers FREE insured FedEx, UPS or DHL service. This type of service offers you the best protection as well as providing you a third-party tracking number which enables you to know when the buyer has received your package.

I want you to receive the most money from the sale of your unwanted gold jewelry. You should expect your transaction to be handled in a safe and above board manner. how to sell gold jewelryUnfortunately, anytime there appears to be an easy way to make a fast buck, dishonest people get in the game. Sadly, that holds true for buyers of precious metals too.

The information I've provided should help you select the best company to do business with, the company paying the highest prices, with the most secure shipping methods and the fastest payment for your Gold, Platinum and Silver. Choose GoldFellow.com to exceed your expectations.

Article Source : Bangle Bracelet

About Author

Both Michel Ben & Michael Gusky are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Michel Ben has sinced written about articles on various topics from Jewelry, Marketing and Jewelry. Michel Ben gives information about a place where , silver, platinum, palladium and other precious metal jewelry is very easier. For more information on cash for. Michel Ben's top article generates over 14800 views. to your Favourites.

Michael Gusky has sinced written about articles on various topics from Jewelry, Gold Jewelry and Stock. Michael Gusky provides helpful industry insights into selling jewelry and information about the benefit of jewelry industry. To know more about pennyweight,