How to sell gold? How to find someone to sell gold to? Who buys gold? What to know when selling gold? antique jewelry buyers?

We get a lot of inquires from customers regarding buying old jewelry. YES WE BUY ALL JEWELRY, COINS, GEMSTONES, DIAMONDS, and WATCHES.  So I thought this will be a good blog topic to cover and provide solid tips to our customers and readers on how to effectively sell gold jewelry. 

1. Research The Current Price Of Gold: Find out the gold price at the very least this will help you have a concept of the market.  The current gold price will just give you a general idea as keep in mind jewelry is made in different purities and your jewelry is likely not 999 gold.  
2. Know Your Karats: Pure gold is generally too soft to be practically used to make jewelry so it is combined with other metals to create durability and color. The Federal Trade Commission (FTC) requires that all jewelry sold in the U.S. describe a karat fineness of the alloy (after 1976 and prior much of the jewelry was under karated- even more modern jewelry we see is often under karated) . One karat equals 1/24 of pure gold by weight. So 18 karats would mean the jewelry is 18 parts gold and 6 parts other metals. 
3. Find Reputable Buyers: Go to reputable jewelry companies to sell your jewelry. Highly qualified buyers are important as many people can buy gold however experts in other areas can make a big difference in the value of the piece.  Many buyers simply do not have the knowledge.  We'd be happy to quote against other jewelers as we are always serious buyers and welcome you to get quotes from other jewelers prior to contacting us!
4. Qualifications: Determine if your buyer is qualified.  Graduate Gemologists generally have more knowledge then your standard gold buyers and that knowledge can be helpful when your pieces have gemstones.  Additionally years of experience, current inventory, and experience in other areas such as watches can be important. Buyers won't be offended for asking qualifications.  Often times more qualified buyers will have dramatically more equipment in order to determine value.
5. Consider Trading Your Jewelry: Sometimes we are able to boost the value of your item in trade for a new piece or credit with us.  This is always a good option and generally will get you more!
6. Getting An Appraisal: If your are unsure of the value of your piece and unsure if you want to sell it because of various factors getting a written appraisal may be a good idea. We do charge for a written appraisal however a written liquidation appraisal will give you a general idea of value and if you decide to sell the piece to us we will credit you the amount paid for the written appraisal.  This is generally a good idea for estates matrimonial cases etc.  If you just want to have your items evaluated we do that free of charge for verbal appraisals!
7.  Shop Around: Remember, you don't have to jump at the first offer for your gold. Shop around for a few different bids to ensure you are really getting the best price.  Our recommendation before shipping us your items or meeting with our buyers is to shop your items around.  We welcome the competition as it will only make us look good!  So we recommend taking it locally then contacting us.  We cover shipping if we make the purchase so no worries about that.  If you wish to skip the leg work that's ok as well as we do it the right way every time.
8. Protect Yourself: Before leaving your jewelry with, or shipping your jewelry to, a potential buyer, document and photograph the pieces. Check the company’s reimbursement policy in the event of a loss. Jewelry should always be insured, but especially when it's in the process of trading hands in transit. Getting the package insured will cover shipping the package safely and securely to a jeweler and you will be covered in the event the package is lost or stolen.  If the jeweler asks you to leave it with him generally we do not recommend doing so.  If you are shipping with us we will email you over an insured shipping label or you are able to ship it insured yourself for safety (we will walk you through the entire process).  Our entire process in office takes place under camera and is very safe and secure and always handled by ONE PERSON, ME, the owner of the company to ensure the security of your package.
9.  Prepare These Documents: Gold buyers are required by law to ask sellers for government-issued identification like your Drivers License or Passport Copy. This requirement is designed to protect consumers by helping police investigate the sale of stolen property and prevent money laundering. 

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We welcome the opportunity to evaluate your items.  Whether you are a dealer, a retired jeweler, or the public we are happy to help.

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