subject: How Can I Sell My Gold Chains And Jewelry For Cash? [print this page] Gold jewelry is nice to have and wear, but when money gets tight, it is one of those things you can live without. The price of gold is really up right now, so your jewelry is worth a lot of cash to gold buyers even if it is broken. They will most likely just melt it down to be reused anyway, so a broken clasp or the fact that a necklace is kinked does not matter to them. If you find yourself saying, "I need to sell my gold chains", or "I wonder if anyone would buy my gold bracelets", it is a great time to find out what they are worth and get some cash in your hand.
One of the first things you should consider before you rush out and sell your gold jewelry is the sentimental value of the pieces. There have been many people who have found themselves in a pinch, they ran out and sold grandma"s wedding ring, and then they realize they have made a mistake. There are some things that are important to you and other members of your family, which makes their sentimental value higher than the cash you can get and spend in one day. Some very important family heirlooms have been lost forever, either by accidently getting put in with a lot of other scrap jewelry, or by hasty decision making based on an urgent need for money. So if you say, "I am going to sell my gold chains and earrings", be careful that you don't get carried away and put other important gold items in with it just to get the extra money. It is better to think it through and be safe rather than sorry.
It has become pretty popular to have gold parties, at which a group of friends get together and bring all their unwanted gold to be sold to a buyer who comes to your friend's house. While this may be fun and profitable for you, there are a couple of things to think about in this situation. It is important to make sure the gold buyer is legitimate, of course, but you also need to make sure you have an understanding of how gold is weighed and valued. Gold is valued based on its purity. In other words, 18 karat is worth more per ounce than 10 karat gold. Be sure that when you go to one of these parties, your gold is divided up into separate categories before it is weighed. Some dealers will weigh it all together and pay out according to the lowest karat value. This is not fair to you. Another thing about the party method of selling your gold is that it involves too many people getting a cut of your gold's value, so you probably won't get the best price.
