Selling Gold? 3 Things You Should Know To Get The Most Cash
If you have gold items around your home and are looking to put a little cash in your pocket, you might be thinking about selling your gold for cash. Luckily, many pawnbrokers and gold buyers will give you cash on the spot for your gold items, but there are a few things that you should know if you want to maximize your profits.
1. Any Gold is Valuable
First and foremost, you should know that any gold item is valuable. You don't have to worry if your gold items aren't shiny and beautiful. If you have jewelry that is old and broken, or if you just can't get the tarnished look out of your gold items, you shouldn't worry. Gold buyers are worried about the fact that your jewelry is made of real gold and will pay you based on weight -- that's it. It doesn't even have to be jewelry, contrary to what a lot of people think. Gold buyers will generally also buy any other item that is made out of gold, like gold coins or even your old gold dental fillings.
2. You May Be Better Off Selling Some Pieces as Jewelry
Although gold buyers will typically buy gold in any condition -- as long as it's real gold -- this doesn't mean that this is always the best way to sell. This gold is often melted down and used for something else, so it might not be the best option if your jewelry is valuable for other reasons, such as if it features diamonds or other stones. Even though you certainly can sell this type of jewelry to a gold buyer, you might profit more from selling to a used jewelry buyer or a pawnbroker. It pays to at least have fancier pieces looked at before you sell them to a gold buyer for their weight.
3. You Shouldn't Mix Different Types of Gold
If you have different types of gold items, such as some that are 10K gold and some that are 14K gold, you shouldn't just mix them together. Higher-quality gold is worth more, so make sure that your various types of gold aren't weighed together. Instead, they should be weighed separately, and you should be paid the going rate for each type of gold. This will help you ensure that you get what you deserve.
If you are looking to sell gold, consider these three tips so that you can get as much cash as possible. Contact a business, such as Wimpey's Pawn Shop, for more information.