How To Sell Old Gold Jewelry
Jewelry industry is a good way to find some pocket money o the side. There are some great websites that you can showcase some of your vintage or handmade jewelry pieces to be sold. One website includes Esty.com, which is a US website.
Selling your old gold jewelry or coins can be a great way to raise cash during the recession, but you should not expect to get the full market value for an ounce of gold if you do so. Instead, you will get a portion of the scrap value.
Buyers melt the gold down, so they will not pay anything for the artisanship or style of the jewelry. Dealers must pay a smelter to melt the gold, which costs up to 30% of the value, and added onto this is the buyer's profit. Also, some gold items are purer than others, with pure 24 karat gold being most valuable.
Operations where you mail in your gold and they mail you back a check are convenient, and the companies promise to return your gold if you're not happy with the price. However, this convenience is expensive because these companies typically offer just 11 to 29% of the meltdown value of the gold.