Selling gold jewelry when you are no longer using it or if you need some cash, can be profitable if you take your time and figure out the best place to sell it. Gold has value, but the price changes frequently, so it is essential to know the value of gold when you are ready to sell and deal with a reputable buyer.

Appraising Your Gold Jewelry

If the jewelry you have is old or antique, it may hold more value than just the gold weight that it contains. If you think the jewelry is antique, it is a good idea to have a jewelry appraiser examine it. The appraiser will be able to give you a better idea of how old the jewelry is and put a value on it for you. 

If you are trying to get some cash for your gold jewelry, there are some options, but you need to know the value of the jewelry so that you know you are getting a fair price. 

Jewelry Shops

Sometimes the best option to get cash for gold jewelry is to take the jewelry to a jeweler who buys gold. They will reuse the gold to repair broken items or to make custom jewelry from the gold they buy. 

Often, these jewelers will pay you cash on the spot and take the jewelry off your hands. The process is fast and safe and allows you to deal with a buyer in person, so you know that you are going to get your money before turning over all the gold to them. 

Online Buyers

If you sell gold jewelry to an online buyer, take some time and research the company before you send your gold jewelry to them. Take the time to read some reviews and find a buyer that will pay cash for gold jewelry at a fair price and that has a history of being fair to the people using their service. 

Pawn Shops 

You can often get cash for gold jewelry at a pawn shop in your area if you can not find another buyer. The gold value at the pawnshop will be lower than if you are selling to a jeweler or a gold dealer, but if you need the cash right away, you can get it quickly and easily from the pawnbroker.

To learn more or sell gold jewelry, contact a jewelry store near you.