Creating A Positive Business Culture

Want To Sell Gold For Cash? 4 Tips For Getting It Right

by Beatrice Lambert

If you want to make a little extra money and have some gold jewelry or items lying around that you are not using, you can sell that gold and make a little extra cash. This can be a great way to get a little extra spending money.

Tip #1: Carefully Choose What to Sell

Don't just take all of your gold jewelry and sell it on impulse. Look at the gold items that you have, and carefully consider what you would want to sell. Consider the emotional value of the piece, and make sure that the emotional value doesn't outweigh the money that you could get for the item. If the emotional value is too high, don't sell it.

The best items to sell are those that carry little to no emotional value for you, are broken or damaged, or simply outdated.

Tip #2: Always Get an Appraisal

Don't assume that you know what you have or what is valued out. Before selling any antique or intricate jewelry, you will want to get an appraisal of the jewelry. Sometimes, you will get the best value by just selling the gold in the piece. Other times, the jewelry itself will hold a degree of value, and you will get more money by selling the jewelry for what it is. An appraisal will let you know what steps you should take to get the highest value for your money.

Tip #3: Work with a Respected Buyer

When it comes to selling items for the gold value they possess, you will want to work with an established buyer. You will want to work with a buyer who is running a registered business in your state. You will want to look for a registered buyer with a jewelry trade association or gold trade association. Trade associations hold their members to higher ethical standards, which is why you are going to want to work with a seller that is part of a trade association.

Tip #4: Get Multiple Offers

Finally, you are going to want to get multiple offers from different sellers. This will allow you to find the best possible deal for your gold. Getting a few different offers will allow you to also verify the worth of what you are trying to sell.

If you want to sell some gold jewelry or other items that you don't want anymore, ensure that the items don't hold a sentimental value. Get the items appraised so you know their true value. Work with a respected buyer, and get a few offers to figure out how you can best maximize your money. For more information about selling gold for cash, contact a local gold buyer.