5 Tips for Selling Your Gold Jewelry

Gold prices have been sky-high for so long. They aren’t just having a moment; they are having the time of their very long life. While precious metal investors play the long game, the non-investing pool is likely looking to make some quick cash for a bill, down payment, or something equally expensive but necessary.

Many places that buy gold near you may try to undersell an inexperienced seller. Therefore, you must always approach an in-store/online gold buyer after covering all your bases.

Don’t do what we wouldn’t when selling your gold jewelry. Follow these pointers to a T to get the best price for your trinkets.

1.  Don’t Wait for the Gold to Gain More Ground

Even if you have gold jewelry, not bars or bullion, at home, you must keep track of the market rate and why it constantly changes. We live in a rapidly-changing world. The high demand-to-supply ratio means the underlying metal of your jewelry will be worth a decent amount, but that is not the only thing driving its price.

It’s a seller’s market now, but once the geopolitical crisis we find ourselves in fades, inflation rates and paper assets will stabilize. We don’t know when such a time will come, but it will probably bring a lull in the gold market. 

All to say, gold is highly susceptible to these indicators, so it’s best to sell your gold jewelry now rather than later; it’s how you’ll get more for your metal.

2.  Sell the Best You Have

Have you decided which pieces of gold jewelry you’ll be selling? It’s best not to select the sellable pieces randomly. Unlike brand-new or raw gold, jewelry going up for resale must be in good condition to (re)sell well.

Almost all online gold buyers base their offers on the piece’s condition. Ideally, your jewelry must be in pristine condition. It can have a few flaws, but the rarity might balance out those blemishes if it’s a collectible.

Remember that a piece’s condition is often the main point of conflict between buyers. Some prioritize it over the purity of the gold within, whereas others are glad as long as the piece is relatively well-known; this brings us to our next point.

3.  Entertain Multiple Offers

Don’t go with the first offer you receive, even when it exceeds your highest expectations. The first time is never the charm unless your first stop is Gold to Cash, in which case, you have most definitely hit gold (pun intended).

Instead of searching for the best place to sell gold online, search for one specializing in what you are selling. Some online businesses offer better offers on bullion than gold jewelry; others, like us, almost exclusively specialize in jewelry, and others still limit their appraisals to luxury gold watches. 

Shortlist your online gold buyers by the gold product you plan to sell, and send the item for an appraisal. Accept the best offer you can find; it’s that simple.

4.  Ask the Gold Buyer About their Criteria

Before we begin, we would like to say that if a gold buyer needs to be more transparent about how they evaluate your gold, you are better off without them. You will have fewer options, and they may have hidden costs they don’t want you to know about, such as service charges or return shipping. 

On the other hand, if the criteria are up on the website, but you have a few follow-up questions about them, reach out to the gold buyer. For instance, if you ask Gold to Cash the difference between precious metal weight and the total weight of the precious metals, we will be more than willing to answer you. 

We will also provide the exact calculations of the karats and weight of your gold jewelry and our reasons for the final offer. If your gold content is priced lower than the market rate, our detailed offer lists the reasons behind it; it could have to do with the purity or condition of our gold. 

In any case, there will be no doubt that you’re getting the best price for what is rapidly turning into para-money amid an inflated economy.

5.  Check the Buyer’s Reputation

We live in a time where you can cancel a business by posting one negative review; all it has to do is go viral enough to drive away all takers. Remember to look up the buyers on sites like Trustpilot and Consumer Affairs when selling your gold jewelry. 

These sites contain unbiased reviews by expert critics and past and current customers and a star-based rating system for every business. You can also check out their socials to see if they have any negative comments or reviews. 

Let us give you a starting point with Gold to Cash's Trustpilot profile. In the ten years our online gold buyers have relieved sellers of their gold jewelry, they have maintained a consistent 4.6-star rating for their excellent service, pricing, and accessibility. 

Gold to Cash: Selling Gold Jewelry Simplified

We highly recommend following through on the above tips or getting access to trusted gold buyers near you.

Start your search from the top by Vsending your gold jewelry to our online gold buyers for an appraisal. We are unmatched in every sense of the word where getting cash for gold is concerned. Receive our detailed offer, and if you don’t like what you read, get your items back free of cost.

Contact us for inquiries about gold jewelry and other products with precious metal content.