If the auction meets your reserve price, the item sells. You get to choose your payment method and receive the price minus their commission within several days. Despite its name, Cash for Diamonds also deals in gold. If you have fine jewelry like a ring that contains both diamonds and gold, they can purchase both from you. To use their service, request a free, insured shipment from them using their online form.
TheRealReal is a consignment site. If you have a piece of designer jewelry, this is an excellent option as you are likely to get a higher price than you would selling the piece as scrap gold. You can either sell the items directly to the site itself or wait for a customer to purchase the item.
Within 48 hours, they will send you a quote. If you accept the quote, Circa will send you a shipping kit. To sell gold to WP Diamonds, fill out their online form to get your initial valuation. You can then ship your items for free or make an in-person appointment.
Once the company receives your item, they will give you a final offer. When you accept it, you will get payment as quickly as 24 hours later. You can use their online estimate form to send images and information and get an estimate. Like other auction houses, they set a reserve price, and there is no guarantee the piece will sell.
You may also wish to open your own business buying and selling gold. This requires some capital up front in order to get supplies, like gold testing kits and a professional scale. You will also need to have enough gold items to sell on your own. A simple way to do this is through a site like Etsy for vintage jewelry. It depends on how much gold you have to sell and how much time you want to put in. Remember, your time could be spent doing other work that selling gold takes you away from.
For most people, selling gold on other sites is the better choice. It allows you to maximize your profit, in part by minimizing the amount of time and effort you have to put into the process. At a jewelry auction, you can get far more than you anticipated—or you can get nothing at all. Selling online can be risky, as it will usually require you to ship your gold before you get paid. But following these tips can ensure your success. Then, choose whether an auction process or direct sale site is the best choice for you.
Selling directly is quicker, but an auction could make you more money. Ask several reputable gold dealers for quotes or check their websites to see what prices they offer. You should also compare the prices paid by a number of gold dealers — most of them should be roughly at the same level, but this will help you spot and eliminate offers that are too low compared with market prices. If you are willing to exchange your old gold jewelry for new jewelry, check the deals local stores will offer you.
Many gold dealers will offer to buy your jewelry along with the stones in it, but they will not necessarily give you the best possible price. Be sure to also ask diamond dealers or gemstone traders for offers, and see if you can get more money if you sell to them. Jewelry stores are another option you should check out for selling your stones. Consider the offers you got online including any possible shipping fees in your calculation , the prices gold dealers gave you, and the value of the deals offered by jewelers.
First: Know the Value of Your Gold It is really important to know what your gold is worth before you start looking for buyers and evaluating offers. To value a gold item, first you need to know its karat. Text continues below ad. Where to Shop for Jewelry? For the best selection of jewelry brands and designs, we recommend checking out Amazon Fashion.
Diamond Pro is reader-supported. When you buy through links on our site, we may earn an affiliate commission. Learn More. Last Updated On: October 4, Gold prices are currently at their highest levels since There are plenty of different places to sell gold, not all of which are equally good.
For gold wedding bands, engagement rings and other gold jewelry, we recommend selling to Abe Mor Diamond Cutters. Gold prices typically increase as the value of the stock market declines, putting them at recent record highs because of the recent drop in the value of most stock indices.
Many people have gold, either around the house in the form of old jewelry, as old gold coins, or in the form of gold bullion purchased as an investment. With gold prices at a recent record high, now is a great time to think about selling gold to free up some extra cash.
Although the process of selling gold can seem confusing, there are reliable, trustworthy buyers out there that will give you a great price for your gold jewelry, coins or other types of gold. Our guide covers how gold prices work, how much your gold is worth, the best ways to sell it for the highest price and the basic process of selling gold online.
This email will go to our contact at Abe Mor who has helped thousands of our readers sell their gold and diamond jewelry. They consistently offer the highest prices for our readers' jewelry.
Please include the weights and details of the jewelry. Images are helpful as well. This is the current wholesale price of gold. When selling gold you receive a percentage of the price. We recommend asking Abe Mor for a quote as they have consistently offered the highest percentage to our readers.
Gold is priced according to its weight, with prices normally provided for one gram , one ounce and one kilogram of pure gold. If you know what karat gold you have, you can use the gold price calculator below this paragraph. Pure 24k gold has an intense orange color and is quite soft and malleable.
Instead, less pure forms of gold, such as 10k, 14k and 18k gold, are commonly used for rings, earrings, bracelets, watches and other gold jewelry. The spot price of gold often differs from the price of gold futures contracts, which involve the future delivery of gold. As we mentioned above, the price of gold changes often. As such, the spot price of gold can vary based on the current level of demand for gold futures.
This is simply a reality of business. All businesses have expenses, and the companies buying gold need to be able to make a profit in order to stay in business. They also need to cover the costs associated with melting and refining your gold jewelry so that it can be reused.
As for gold buyers, commissions can vary hugely. However, there are many other buyers out there. Gold, like other commodities, constantly fluctuates in value. If you have a significant amount of gold and want to sell at the best possible time, you can use gold forecasts and analyses to stay on top of market trends. The pure gold content of 10k gold is approximately Some gold selling websites provide calculators that allow you to quickly and easily work out the pure gold content of a gold ring or other jewelry, then calculate an approximate price for the gold used to make the item.
You can use this gold price calculator.
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