ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

how to sell old gold jewelry for cash

Updated on July 3, 2012

Gold is on the rise and has been for the past few years, this means your gold pieces that may have not been worth a lot 10 years ago could now net you a bit of cash. With a lot of the world in recession, people have less faith than ever in printed currency, as gold is hard to come by this has pushed its price up more than ever. Will this last forever, I doubt it, like the property boom it will more than likely fall at some stage although how far it will fall is anybody’s guess, as gold will always be in demand as it cannot just be printed like currency.


What is the value of your gold?

A lot of people will have jewelry lying in their drawers that may well be worth a lot more than they actually know, when people usually look to buy gold they look for a few things, the actual gold itself, the numismatic value, which would describe the rareness of the piece, also if a piece of jewelry is of antique value then it will be worth a lot more than just the value of the gold in the jewelry.

Scratched gold is also valuable as the gold can be melted down, a lot of refiners do this, but sometimes you need to shop around to get a decent price. To determine what price to sell old gold jewelry, it is best to check online for the current gold prices. You can also find out the value of the gold itself. Gold is measured by Karats, 100% gold is 24k, anything below this will give you a value of its worth. Most jewelry will range between 14k and 22k. Most jewelry will have this stamped onto it, but you may need a magnifying glass to see the print.


Calculating the value yourself

To weigh jewelry ideally you will need some kind of precision scale, a good scientific lab will have one, or you could take it to your local jewelers to get weighed. As gold is weighed in troy ounces you will then need to convert from grams to ounces, to do this divide by 1.097, you then take the value in karat i.e.

We take 18k to find its percentage of gold we divided 18/24 which gives us 0.75 or 75 percent. So say we then have 4 troy ounces of gold in weight we then multiply 75 percent by 4 to give 3 ounces of gold.


Shop Around

To get the best value possible for your gold, you will need to shop around, if the gold is not really worth that much then it may not be worth your will taking up a whole day trying to look for refiners and pawn shops, also be sure you are ok with the price you get as if the item has sentimental value then it may be irreplaceable. I hope this little piece gives you a better idea about how the value of gold.

Comments

    0 of 8192 characters used
    Post Comment

    • profile image

      Adam Scott 

      6 years ago

      Because I was very happy with how my own jewelry sale went, I always recommend Andrew & Peter Fabrikant Fine Diamonds. They're a Manhattan jewelry company who also does business by mail.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)