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Thursday, September 17, 2009

How To Get A Good Price For Your Gold Jewelry

By Zachary Callahan

It is easy to get overwhelmed as a first time seller of gold. There are tons of different buyers all competing to get you to sell to them. This can make it quite difficult to make any decision even for seasoned sellers. In the following article I will explain how you can calculate how much your gold is valued at and how to sell it to a established buyer.

When selling gold you need to understand how much gold is in the item. The way this is evaluated is by a unit of measurement called carats. The caratage of gold can range from twenty-four karats, or pure gold, down to one carat which may only be 4% gold or less. The reasons that the quantity of gold in an item can vary so much is that it is oftentimes mixed with other metals e.g., silver, nickel, zinc, and so on and so forth. They do this because it can help the item last for years longer and be tougher. Gold in its natural state is a extremely soft metal which can be formed and eroded away exceedingly quick - particularly if it is utilized a good deal. Nearly all gold should have the carats stamped on the piece somewhere.

The next thing you have to know is how much your gold weighs. This is referred to as gram weight. The gram weight will help you to find out how much your gold is worth by finding out the current price of gold (you can find this on just about every major financial site, multiplying that by the gram weight and then by a chart based on what karats the gold is.

A very noteworthy part of the trading process is the design and craftsmanship of the gold jewelry. There is no question that an antique well-designed piece of jewelry will be worth more than any kind of jewelry constructed by a simple machine. Handmade pieces are especially more valuable as the craftsmanship is much better. Quality handmade pieces almost always last longer than any machine made piece of jewelry. The result is that old-fashioned and well crafted pieces of gold jewelry are worth the most.

The last factor and probably one of the most pivotal is the monetary value of the item. Merely understanding the things mentioned above will help you work out a good price with the jeweler. You can find many discounts around you just have to be willing to look. Simply make sure before you even go out and begin looking that you have a clear picture in your mind of what exactly you want. Envision the carats, weight, design and workmanship that you desire beforehand. That way when you go out will already know your budget and what exactly you're looking for.

Just follow the advice numbered above and you will be well on your way to selling your gold jewelry safely. All you have to do is do your own research into all the diverse options you have like gold refiners or jewelers and then figure out your gold's value. If you do all that you can get the most cash for your gold.|get top dollar for your gold. - 23162

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