5 Things You Need to Know Before Selling Gold Jewellery

Do you have unwanted, broken or old gold jewellery that you’re thinking of selling for cash? Selling gold jewellery is a great way to get the extra money you need, and it pays to be prepared before you sell so you can make sure you’re getting the best possible price.

Before you gather up that broken gold necklace or heirloom jewellery you’ve never worn, take a moment to learn more about the gold buying process and what to expect. Here, we’ve rounded up some of the most important things you need to know before selling gold jewellery.

  1. Know Your Jewellery

Before you sell your jewellery, see if you can determine how much gold it contains by looking for a stamp. 24 karat gold contains more gold than 14 or 12 karat, which are mixed with other metals.

  1. Know the Current Price of Gold
    Do some searching online to find the current price of gold so you have a general idea of how much an ounce is worth, and in turn, the general price range of your gold jewellery. Keep in mind that no gold buyer will pay the current market value or above for your gold.
  2. Know Your Gold Buyer
    Look at reviews of any gold buyers you are considering to get a sense for the process and level of customer service you can expect. Choosing a gold buyer with good reviews can help you feel more confident in your decision to sell your gold jewellery.
  3. Know the Selling Process
    Always clarify exactly how the selling process works. Will the appraiser value your gold jewellery on site, or will it be sent away for evaluation? Will you receive cash for your gold on the spot or will you have to wait? Understanding how the process works is key to feeling comfortable selling your pieces.
  4. Know You Are Getting the Best Price
    As with any other service you might consider, it’s a good idea to get multiple quotes. Three or more valuations of your gold jewellery collection can help you get the maximum return on your gold.

When you’re ready to start selling your gold jewellery, talk to the team at Pinto Gold and Jewellery Buyers. We’ve been serving the GTA for more than 20 years and have the experience necessary to get you top dollar for your gold jewellery. We invite you to visit our convenient Yonge and Eglinton location and get a free appraisal today or ask us questions about the gold buying and selling process.

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