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Thursday, May 20, 2010

Gold Jewelry Business

How To Sell Gold Jewelry
Weighing & Measuring




The unit of measure used to value precious metals is a
"troy ounce". Every troy ounce of pure gold, platinum or
silver can be "diluted" or "alloyed" with other metals to
make jewelry. In the United States, gold jewelry is usually
alloyed in 10 karat (kt), 14 kt, or 18kt. The higher the
karat the higher the level of pure gold your jewelry will
yield. The percentage of pure gold in 10kt is 41%, 14kt is
58.3% and 18kt is 75%.


So, when the price of pure gold
is $800 per ounce, 10kt is valued at $333/oz, 14kt is valued
at $466/0z and 18kt is valued at $600/oz. The actual price
you can expect to receive will depend on the quantity you are
selling. However, if someone offers you less than 50% of the
above prices you should find another buyer!



The weight of precious metal jewelry is measured in one
of two ways: either in pennyweight (DWT) or in grams (GR).
Don't let this confuse you. An ounce of gold weighs either
20 pennyweights or 31.1grams.


When selling your gold jewelry, you should expect to be
told the pennyweight or the gram weight of the piece(s)
you are selling and a price in dollars per pennyweight or
gram the buyer is paying. Example: 10.0 DWT bracelet
multiplied by $15.00/DWT is priced at $150 and the same
bracelet weighed on a gram scale will weigh 15.0gr
multiplied by $10.00/GR and still priced at $150.


Every company buying gold should be willing to quote you
their daily price offering for the various karats and the price
difference for larger quantities. You should be wary of those
who will not give you a straight answer.



In today's marketplace it is easy to find buyers of precious
metal on the Internet or in your local area. If selecting your
buyer involves mailing your jewelry, be certain you are
comfortable with the company's policy for shipping and insurance
before sending your valuables.

xin_5503042914142991173141.jpg (350×492)


IMPORTANT: Be careful when doing business with a company
that suggests you send your valuables in a "kit' or an envelope
and drop in a mailbox!!! You are taking an unnecessary risk of
loss or theft. Regardless of how little you may be selling,
I urge you to select the company which offers FREE insured
FedEx, UPS or DHL service. This type of service offers you the
best protection as well as providing you a third-party tracking
number which enables you to know when the buyer has
received your package.


I want you to receive the most money from the sale of your
unwanted gold jewelry. You should expect your transaction
to be handled in a safe and above board manner. how to
sell gold jewelryUnfortunately, anytime there appears to be
an easy way to make a fast buck, dishonest people get in the
game. Sadly, that holds true for buyers of precious metals too.


The information I've provided should help you select the best
company to do business with, the company paying the highest
prices, with the most secure shipping methods and the fastest
payment for your Gold, Platinum and Silver.
Choose GoldFellow.com to exceed your expectations
.

1 comment:

  1. This are great tips. I will definitely keep those in mind. I enjoyed reading your post. Thanks.

    sell gold jewelry

    ReplyDelete