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Selling Your Gold Jewelry? Here Are Some Mistakes To Avoid

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If you have some old gold jewelry pieces you want to sell, you might think nothing of heading to the closest gold buyer and showing them what you have. However, in order to get the best prices for your pieces, it is important to avoid some mistakes. Here are some things to avoid if you want to get a good price for your jewelry.

Not Knowing What Your Pieces are Worth

While you can only get what buyers are willing to buy your jewelry for, it is a good idea to know the market value of the pieces you are trying to sell. This can help you determine whether an offer is fair or not.

One way to get an idea of how much your gold jewelry is worth is to investigate the price of gold. Gold prices go up and down on a daily basis, so check online for the current price of an ounce of gold in order to have give yourself an idea of a base price you might expect.

Next, have your jewelry professionally appraise it. Not only can a jewelry appraiser help you know what to expect from buyers, a legitimate appraisal report will encourage possible buyers to believe that your pieces are real gold and have as much value as you say they do.

Selling in Groups

You might want to sell off your entire gold jewelry collection at once, which can cause some buyers to offer you one lump sum for everything. However, you must be aware that if you sell the pieces that way, you might not make as much money as you would selling your pieces individually. If some pieces were more expensive when they were purchased, which means they may be able to command higher prices than other pieces. Selling pieces individually can allow you the opportunity to make the most money from your gold collection.

Not Being Ready to Part with a Piece

In your head, you may want or need the money that a certain gold piece can provide. However, in your heart, you might still be attached to the piece. Your sentimentality can cause you to miss out on a good deal because you may want someone to pay far more than it's worth. Therefore, before selling any of your jewelry, make sure that you are emotionally ready to part with it.

Use the information in this article to avoid some pitfalls when you sell your gold jewelry. For more assistance, talk to appraisers and buyers like Certified Gem Lab who can make sure you get a fair deal for your pieces.