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Sell Gold Jewelry
How do you sell your gold jewelry?
Based on record high prices of gold, it is becoming more and more popular to sell gold jewelry to online refiners. Gold is one of the most precious metals on earth. Pure gold is so soft that one once could be stretched out into a piece of thin wire over five miles long and could be hammered out into sheet so thin that it could stretch out over 100 square feet. Gold doesn't rust or corrode and is one of the rarest precious metals. Gold is every where around us, in the earths crust, streams, mountains, valleys and seas. Although gold is everywhere, it is very expensive to mine. For one once of gold, 2-3 tons of ore are needed to be mined.
Gold comes in many shapes and sizes. This includes charms, broaches, chains, coins, bracelets, anklets, links, dental fillings, gold scrap, gold solder, nuggets, gold ingots, pendants, shot, wire, rings, pins and even gold statues. Gold also comes in different karat grades such as: 8k, 9k, 10k, 14k, 15k, 18k, 22k and 24k. You should determine what karat grade your gold is. The karat grade of gold determines the purity of the metal. For example, 24k is pure gold and 14k is equivalent to 58.3%. This is calculated by dividing 14 into 24. Gold may not be exactly the karat indicated because manufacturers are allowed a 3% margin of error. Also, the jewelry may be soldered together with lower grade gold.
If you wish to determine the purity of your gold, you have two options. You can go to a jeweler or purchase a relatively inexpensive gold tester. You can buy new from an online retailer like “Star Struck” at starstruckllc.com or just look for one on ebay. A good brand and model is the “Golden Touch” electronic gold tester for around $79.00. If you can find one on ebay, this will probably be your best bet. Because of the advanced electronics of these testers, determining the purity of your gold will be relatively easy. Most testers in testing mode will read your gold from between 6 and 24 karats. They will also determine if your gold is sold or plated with a base metal. Instructions are usually found on the inside cover if the instructions were lost when you buy a used model. Either way check to make sure before you purchase. Also make sure that test strips are included with the instrument. Test strips will last for several tests, so there should be strips that come with your used model.
The value of your jewelry will be based on weight, purity and market value. The weight of your gold can be measured by a small precision scale. You can purchase these on Ebay or Amazon for $20-$30. Please keep in mind that you will need to either remove your stones or estimate a weight for them in order to estimate the weight of your gold. The market price of gold fluctuates daily and determines what your gold is worth at the opening price. Gold is normally priced in troy ounces, which is approximately 31.1034768 Grams. There are many online postings of daily gold prices.
The best way to obtain the top price for your jewelry is to seek out a reputable jeweler. Make sure that they have proper credentials and are registered with the Better Business Bureau. You should visit their office personally to have them evaluate your Jewelry.
The other option is to send your jewelry away to a secure online buyer. This is the most convenient method. However, you may not get the highest price.
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