Monday, April 26, 2010

Where to Sell Gold Jewelry

Sell Gold Jewelry

Thanks to the recession not many of us have a choice when it comes to making a living just to make ends meet. Some of us may go from working in an office to working behind a fast food counters while others will consider trying to sell gold jewelry that they don’t really want any more. So if you’re one of those people, read on.

Friends and family will often suggest an obvious place like a pawnshop; however, this should be your very last stop since most pawnbrokers aren’t willing to give you top dollar for your scrap gold.

As a matter of fact if you’ve ever been inside of a pawnshop, you’ll understand why they don’t want to pay too much. Almost everyone uses a pawnbroker, so this means a lot of risk is involved and these guys just want to make as much money as they can.

If you want to sell your gold for market value, you may want to try selling them through auction or an individual. You should keep in mind that auctions charge a fee, and individuals who are willing to buy your item probably aren’t in it just for the item itself.

Now days there are gold buying stores in most towns that buy used gold. Many coin shops and jewelry stores have gotten in on the gold buying action as well.

No matter where you decide to sell your gold jewelry, however, one thing to keep in mind, if you go back to a place you were quoted before, that individual or company may not give you the same price as before, as the price of gold changes minute by minute.

Mike Stokes
Sell Gold Guide

No comments: