Seven Tips for Selling Gold for Cash

The price of gold is at one of the highest points in over thirty years, inspiring many people to consider selling gold they have lying around the house.  If you have old or broken gold jewelry, you should consider getting in on the gold rush yourself.  With the price of gold steady at such a remarkable rate, you can get an impressive return on jewelry and other items that would otherwise just be taking up space in a drawer or getting hopelessly tangled in your jewelry box.

Selling gold isn’t just for people who need the cash anymore.  Because the price is so high, it just makes sense to get rid of items you don’t wear, don’t like or that are damaged beyond repair.  Think about it - if you have some tangled, out-of-style chains, earrings with no mates or other items you haven’t worn in years, you could sell it and start a nice little nest egg or buy yourself some jewelry that really suits your taste.

Selling Gold You Never Wear

Some of the most popular items people turn in when selling gold include old class rings, jewelry with missing stones and out-of-style jewelry.  Class rings in particular don’t have value for anyone else since they are so specific in style and are usually personalized in some way.  The same goes for jewelry with missing stones – most people would rather purchase a new piece than spend money to try and find the right stone to fit a particular piece, which can be expensive.

Estate jewelry is also frequently turned in when someone is selling gold.  If the jewelry is old fashioned, out of style and scratched from years of wear and tear, your best bet is selling the gold for cash so that you don’t have to worry about keeping it insured or finding that rare buyer who might enjoy that particular style of jewelry.  It saves you a lot of research and the cost of advertising the pieces.

Don’t stop at just gold jewelry.  Selling gold encompasses much more than earrings and chains.  You can sell gold fillings, gold watches and even specialty items such as gold lighters and money clips.

Most people attach some kind of sentimental value to fine jewelry.  This is wonderful when the jewelry represents love and commitment, but sometimes this backfires.  You’ll find plenty of people selling gold wedding rings or other jewelry that they hate because it is associated with a bad part of their lives.  Many divorced individuals end up selling their gold jewelry to symbolize the end of a disappointing relationship and the start of a new and better life.  Have you been hoarding all of the old jewelry your ex gave you years ago?  Consider selling it and buying a nice gift for your new loved one.  It’s a great way to make the most out of one of life’s regrets!

Don’t Stop at Selling Gold

If you’ve decided to sell your old gold, don’t stop at the obvious.  You can certainly sell old or broken jewelry such solitary earrings, ugly pendants, tangled chains and your old wedding band, but there are lots of other things you own you probably don’t realize you can sell.

Do you have your grandparents’ sterling silver flatware?  What about precious gemstones that have fallen out of other pieces?  Do you have sterling silver jewelry or other items, such as a baby cup or sterling silver picture frame?  If these items don’t suit your lifestyle, most gold buyers will also buy your sterling silver and gemstones.  

Go through your home today and soon you’ll be selling gold for a nice chunk of cash that you can use for whatever matters the most to you.