How to Sell Gold Jewelry

How to Sell Gold JewelryAs an owner of such an extensive jewelry collection, you might be considering selling some of your outdated gold pieces. However, since the majority of jewelry is of personal value and was likely relatively expensive, here are some recommendations to selling it to get some return on investment. However, ensure the rest of your collection is protected with an Augusta NJ Jewelry Insurance policy.

Don’t Sell Impulsively

Jewelers of America states that most pieces of gold jewelry have some emotional value so make sure that emotional value does not outweigh the price that you will receive; Ideal pieces of jewelry to consider are broken items, earrings with a missing pair, or outdated items with no emotional meaning.

Get it Appraised

A professional appraiser can tell you exactly how much your items are worth. Especially if the items are antique or designer, it may be worth more to sell it as a set rather than for the individual pieces. Further, ensure that intricate pieces are not just given to jewelers who pay by weight as you could be missing out on a lot of money.

Find a Reputable Buyer

Check to see if the company has a gold-buying license in your state and that they are in good standing with the Better Business Bureau. Further, inquire if their business is a part of any jewelry trade organization, especially one that requires high ethical standards.

Know your Gold

Use kitco.com to keep up on the current prices of gold before you sell. This will provide a rough estimate for what you could earn for your pieces. However, bear in mind that you will only get paid for the amount of real gold in the piece, not any alloys or metals that might be included.

At Tri-State Insurance Agency, we seek to protect your most valuable assets with comprehensive and unmatched coverage. For more information on how we can safeguard your investments, contact us today at (855) 990-0526.