When one is looking to sell gold, then one should know that some gold items are purer and more valuable than others. When one talks of pure gold, then one is referring to 24 karat of gold. This is akin to a 24 sliced pie where each slice represents a single karat. Thus, when one has a bracelet of 10k gild, it is a cheaper item than a bracelet that has 24k gold.

The Idea Of Selling Gold

It is not a bad idea if one wishes to sell gold coins or jewelry that one has when one is in need for cash. However, one should be prepared that the full market value of gold will not be obtained when one proceeds to sell gold in the market. The market value of gold for buying is different from the value obtained when selling gold which is treated equivalent to scrap gold. Since the gold sold is melted down, the value of craftsmanship is lost when gold is put up for selling. Again, a gold dealer will have to pay a smelter which is considerable, in order to refine the gold that has been bought. Then again there is the profit of the buyer to be considered.

Different Ways Of Selling Gold

If you are keen to sell gold jewelry, then there are five different ways that one can consider. Each of them offer differing advantages as per price that one gets versus the convenience of the selling process. The mail in services are much advertised online these days. The lure of the convenience of such services is considerable. All that the customers need to do is mail in their gold in sealed and secure envelopes. The payment is sent to them in cheques. The drawback of this selling method is that there is a price to pay for the convenience. Most companies offer a mere eleven to twenty nine percent of the value of gold that is melted down.

Lucrative Methods To Sell Gold

When it comes to ways to sell gold, the hotel gold buying operations are also lucrative, more than mail in operations. Here one can sell not only gold but other collectibles too. One can hope to receive about forty percent of the scrap value of gold from such operations. One should do their homework and know what to look for when opting for such gold buy operations.

Selling To Jewelry Shops

Probably the best method till date is that of approaching jewelry shops. Though many modern new ways have come up of selling gold, the value of scrap gold is recovered the maximum when one goes to sell their gold at the jewelry shops. Here one can hope to get as much as seventy percent of the value of gold that is melted down. Thus, after knowing of the different ways one can sell gold, it is upto an individual as to which method he or she chooses to sell their gold jewelry in return for cash.

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