Content

• Steps
• Method 1 of 2: Your Choices
• Method 2 of 2: The buying process
• Tips
• Warnings

Today, you can find a lot of gold jewelry not only in specialized stores, but also in pawnshops. How can you be sure that you will be given the correct price for your product? Our site will help you avoid bitter experience and teach you how to understand jewelry. Let's get down to instructing!

Steps

Method 1 of 2: Your Choices

1. 1 Try to sell the item to a jewelry store. You should always try to sell gold to a jewelry store first, and only then go to street vendors. By offering your piece to well-known jewelry stores, you will most likely not get rejected if the piece is worth something.
2. 2 Do not go to pawnshops. Resellers are interested in buying an item from you below the cost price in order to profit from the sale of the item. Therefore, go to the pawnshop only in the most urgent situations. Pawnshop workers are manipulators and deceivers.
3. 3 Stay away from dealers. Quite a few jewelry companies have already risen at the expense of inexperienced buyers. Such firms always strive to deceive you. GoldLine companies have been repeatedly accused of money fraud. Run as far as possible from such transactions.
4. 4 Take a look around. Consider all your options before you go to sell your gold piece. Each store offers its own price for the product, it all depends on how much the owners give money for renting the premises. And, of course, on whether they can correctly evaluate the piece of jewelry.
5. 5 Find out what affects the cost of jewelry. Do not expect that after watching a few TV shows about jewelry, you can easily determine its price. In such programs, the value of 560 gold is indicated.If you have gold of a different standard, then the price will be much lower. Never try to determine the price of gold yourself, seek professional help.
6. 6 Find out the history of items from your collection. Many pieces of jewelry are of little value to jewelers, so don't expect interest in a piece just because it's an engagement ring. But if the jewelry in your collection is the work of famous designers, then the price for this product doubles. Do your own investigation.
7. 7 Contact your consumer support and advocacy organization. In this place you can find out the truthful information about the company where you want to go to sell a gold product. There are many companies with a dubious reputation on the market. So be careful!

Method 2 of 2: The buying process

1. 1 Prepare the items you are putting up for sale. So you will be able to save not only your time, but also the time of the buyer. Everyone is familiar with the expression: time is money. The person will pay you more if you do not take your goods out of the bag for a long time. First, all gilded jewelry must be removed. This can be done with a magnet. All things that react to a magnet are fake. It is best not to take such products with you, but to leave them at home.
2. 2 Sort out the gold. Look for a sample on the item ("10k," 14k, "etc.). To do this, use a magnifying glass. Place items with the same sample in separate bags. If instead of a sample you see the abbreviation" GF "or" GP ", then this means that the items are covered with gold only on the outside.
3. 3 Measure the weight of each item. It is best to make calculations in grams due to the fact that most buyers of gold jewelry use a special measuring system Troy ounce .. If you have never done this and are afraid to make a mistake, then contact the specialists for help.
4. 4 Find out how much the customer is willing to pay for the product. Now that your gold item has been weighed and sorted, you need to set its price. You must bargain at least three times. Start with the price you negotiate over the phone. If they refuse to tell you the price for a product over the phone, although you have provided all the necessary information about the product, then most likely the buyer is not ready to pay much. If you were told the preliminary price of the jewelry by phone, then ask about a possible reduction in the price of the product due to taxes.
   • When they tell you the price of a product, go to the smelter and ask how much they are willing to pay you. The Gold Refinery website says that 99% of gold jewelry that resellers and jewelers buy ends up in the smelter. So, if you want to get the maximum amount of money for your product, then find out the price in the smelter, if, of course, he works directly with buyers, like Gold Refinery in the USA.
5. 5 Investigate. Before talking on the phone with companies about the preliminary price of a product, check their reputation. Over the past few years, many pawnshops have opened, whose motto is "Cash for Gold". Take the advice above to avoid becoming a victim of fraud.

Tips

• Please select your jewelry before visiting the direct buyer!

Warnings

• Learn to recognize swindlers.