How Can I Sell My Gold Jewelry Without Getting Ripped Off?

You can use an online source such as www.24karat.co.in to verify the current market value of your items before you sell.

So it’s important that you educate yourself a little bit before sell it.

Finding a reputable buyer near your area who can evaluate gold pieces accurately is very important.

How can I sell my 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 you get for old gold jewelry?

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. Scrap prices refers to what these large companies get paid when they send in this gold to be melted, which is what most of them do with your gold.

How can I sell my gold?

Tips for Selling Gold Jewelry

  1. Don’t act on impulse. Carefully evaluate every piece of jewelry that you are looking to sell.
  2. Get an appraisal. Have antique or intricate jewelry appraised before selling it to a buyer that pays by weight.
  3. Know what you have.
  4. Find a reputable buyer.
  5. Shop around.
  6. Protect yourself.
  7. Know the price of gold.
  8. Get realistic.

What percentage does cash for gold pay?

They pay 75% to 80% for Gold Jewelry and 90% for Gold Coins. You can walk in and get your items tested for free to determine the Karat metal purity and the gram weight. The company will give you a quote based off the current Live Prices on the “LA Cash for Gold” website. Payments are made in CASH.

Do gold buyers rip you off?

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.

Where is the best place to sell your jewelry?

Selling your jewelry in person to a local shop may still be the best way to get the most money out of it. Here, too, you have lots of options, including coin shops, pawnshops, consignment shops and jewelers. The American Gem Society provides a list of local jewelers who buy jewelry.