Even though the price of gold has dipped a couple of times over the last years, gold still shines strong , making it a great opportunity for those who are looking for some fast cash. Luckily, the gold industry is a highly recyclable one, because gold can be melted and reused over and over again, without losing any of its properties. That’s why it is said once gold comes out of the ground, it never goes back.
You can basically sell any item made out of gold, but old gold jewelry is what scores you the highest prices, because usually gold of higher quality is used for jewelry manufacturing.
Old jewelry is easy to sell, because there are so many places to choose from, jewelers, pawn brokers, gold refiners or scrap gold dealers are ready to buy it, melt it and resell it or reuse it. However, it’s important not to get ahead of yourself and do proper research before you start selling your old jewelry. You need to find out approximately how much it would be worth, by checking gold prices. Also, if possible, find out how much gold there is in the jewelry and then calculate an approximate price, just keep in mind that weight and pure gold content are very important to establish the value of an item.
The gold content of a jewelry is indicated by the karats. A 24 karat jewelry is made out of solid gold. Any lesser value means there’s less gold and more of other metals. With few exceptions, these have no value to them and therefore have no resale value. Remember, when you buy jewelry in the store, you pay for the design, the craftsmanship and for the precious or semiprecious stones that might be part of it. When you’re reselling your jewelry, the buyer is interested in the precious metal and possibly in the precious stones, so that’s why theres’ a discrepancy between the acquisition price and the selling price.
Some of the best examples of jewelry that can be sold for a large amount of money are those tacky, heavy gold chains and bracelets that were so popular 40 years ago among both men and women. These jewels have no other value to them than the gold they’re made of, because they’re not fashionable anymore, have no collectors interest and, in some cases, you might be lucky enough to get more money that what you paid for them.
In other word, sometimes you’re in luck and old jewelry could be literally a gold mine for you, but in other cases you shouldn’t get your hopes too high and be realistic in your price expectations. Of course, it always helps to ask for more than one estimation and than make the best choice.
When choosing a buyer to sell your old jewelry to, make sure you choose someone with experience and qualifications in the field. Don’t be another victim of those shady buyers who are in the city “for a one day only opportunity’.
The staff of expert gemologists and jewelers at Best NYC Buyers is ready verify and authenticate any old gold or platinum jewelry you intend to sell and is guaranteed to offer you the best possible price on the market.