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.

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
.