It is very difficult for anyone to rip you off while buying your old gold jewelry.
Simply follow these steps : Have your gold assayed/tested at a reputable local gold testing center.
Along with the karatage (purity) report, the gold testing center will also give you the accurate weight of the jewelry.
How can I sell my gold jewelry without getting ripped off?
Here are some tips on finding a place where you can sell your old jewelry without getting ripped off.
- Know the value of what you’re selling.
- Slow your horses.
- Find a reputable buyer.
- Final tips for selling gold and diamond jewelry:
How much do gold buyers pay?
Pure gold is currently paying about $1250 per ounce. By going through the math, this means that 10 karat gold will “scrap” at about $16.35 per gram. And 14 karat gold will “scrap” at $23.50 per gram.
Should I sell my gold now?
If you sell that gold today, you get cash for it that you can spend or invest elsewhere for a potentially higher return. The bottom line is that you should sell your gold when you have a plan for the cash you’ll receive or for when you simply need the cash value of that gold.
How much is a 14k gold ring worth at a pawn shop?
For example, as of the day of writing this article pawn shops pay around $1250 for an ounce of pure gold. If you have 10k gold jewelry, you can sell it for $16.35 per gram, and 14k gold jewelry can be sold for 423.50 per gram.