In today’s tight economy, many people are looking for some ways to make some extra money. There are dozens of ways to diversify one’s income. One of these ways is selling gold jewelry for cash. While many great ways exist to do this, there are two important things to remember. One, research and check out whatever place someone is considering selling gold. Two, make sure that the gold is authentic gold, as this will bring in the most money and make sure the gold is marketable.
Step One: Verify the Authenticity of the Gold
Before going to sell the gold, make sure it is actually gold. There are several ways to do this, and each type of gold needs to be assessed differently. Usually, one can verify the authenticity of jewelry at a local retail shop that specializes in gold.
Gold coins should be taken to a coin buyer, who can weigh them to verify authenticity of each coin by weighing them.
There are other ways that gold can be tested, and each one should be done according to the type of gold it is. While some tests can be done at home, it is advisable to get gold looked at by the experts.
Step Two: Deciding To Sell
If someone is considering selling the gold, they might take a few days to consider it and make sure it is what they want to do. Once they have decided that this is the step that they would like to take, it is time to decide who to sell it to.
There are many locations where someone can sell gold at, and there are multiple choices of what to do with the gold. One could easily sell gold online, to a local business owner or through a pawn shop.
Local business owners and pawn shops are nice because they can sometimes provide one with cash the same day and will be able to evaluate one’s gold in person. The problem is that not all of these may be able to provide the best upfront fee because they may be selling it to someone else.
An online website is a great option to sell to. Often, it cuts out the middleman and provides a good service to the consumer. Make sure that the website that is being chosen is authentic and verifiable. Look for testimonials of previous clients and other things that verify that the website is authentic that the website has to say they’re the best.
Step three: Sell it!
If someone has decided that they’re no longer interested in their old jewelry it is time to sell the jewelry, it is time to get offers. Each website has unique, identifying ways to send the gold in for cash. Many websites will ask for the gold to be sent in and then they will give you an offer. They will have to verify the authenticity and decide how much they are willing to pay for it. Then they will make you an offer.
Step for: Take the Money or Decline the Offer
Now that one has the offer, the next step is to either accept the offer or decline the offer. It’s entirely up to them.