Tips For Making Money From Your Old Gold Jewelry

2 May 2017
 Categories: Shopping, Blog

If you have a bunch of old gold jewelry sitting around the house, you might want to consider some of the various ways in which you can use it to get some cash. There are a few options for you, so you will want to make sure that you are checking out all of them. This way, you will be able to find the one method that is most suitable for your situation.

Take It To A Pawn Shop

It is important to remember that a pawn shop will not typically give you the full value of the gold that you bring to them. This is because they have to turn around and make some money off of the gold they buy from you. However, it is a fairly quick transaction and it means cash on the spot. In order to ensure that you are going to be able to walk out of the pawn shop with the most money, you will want to bring in the best gold jewelry that you are willing to part with. They will not take anything that is broken in pieces or noticeably damaged.

Go To A Cash For Gold Location

Many of the places that advertise that they will give cash for gold will usually take any gold jewelry in any condition. After all, they generally end up simply melting the gold down so it is not a concern of theirs if all of the gold jewelry you bring in is in pieces. They will separate your gold according to its value weigh it, and then offer you a price based on the current gold market. To get the most cash for your broken gold jewelry, you could always watch the value of gold online at home and take it in when you feel it is worth it.

Sell It Online

There are a lot of people looking for gold jewelry online. They might want to build up their personal jewelry collection. Should you try to sell your broken gold jewelry online, you might find that there are plenty of people who might be willing to buy that as well, especially if they use pieces of jewelry to make new creations or use them in various crafts.

Depending on how much gold jewelry you have and how much you expect to get for all of it, you will want to take your time and try to make use of the best option for your particular situation.