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How to Sell your used and unwanted gold jewelry for the best price
Want to sell an old gold and diamond ring or any other piece of gold?
There are a few ways to sell used gold jewelry for the best prices in the market.
If you need to raise cash for an emergency or simply don’t want to hold unwanted jewelry, you can sell online and offline.
These shops buy a range of gold items.
Gold rings, diamonds, precious stones and even gold coins can be converted into cash for a desirable price.
The first thing you’ll want to do before selling your gold jewelry is to find its estimated value from a trustworthy source.
You can find the price of gold, also known as the Spot price, on the internet. However, keep in mind this won’t be the value you’ll receive from a buyer.
Still, if you know the weight of your jewelry and gold’s spot price, you can get an estimate.
If you’re wanting to do any of these with your jewelry, this post will be helpful
- Sell unwanted gold jewelry
- Getting cash for gold
- Finding places to sell gold jewelry for the best price
- Looking for cash for gold locations near you
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7 Ways to Sell Old Gold Jewelry Online at Top Prices
Before selling your old jewelry for cash, whether online or thru a traditional dealer, you should do a bit of prep work.
This will help you to identify reliable sources to sell your old gold to. Also, it will give you an idea about the value of your jewelry.
Here is a cash for gold calculator to estimate the value of your gold.
- Check the buyer with the BBB to review any complaints and determine trustworthiness.
- Get an appraisal report – this is important for antique, vintage and unique pieces.
- Do comparisons – identify 2 to 3 buyers and compare the sale value of your jewelry. This will give you a better chance to get the highest price.
- Check the spot price of gold – there are various places on the internet to check gold price, one of these is Kitco.com You won’t get the spot price for your jewelry, but this price gives you an estimated value.
- Take pictures of your gold jewelry before shipping it to a buyer.
- Understand the buyer’s policy regarding chances of loss in transit of your item.
- Have realistic expectations.
Sell Old Gold Jewelry Online for Cash
There are a number of jewelry buyers and exchanges online where you can sell your used gold jewelry with ease. Some of these specialize in higher priced items and antique jewelry.
Here is a summarized overview of the selling process of these platforms.
Worthy is an online jewelry platform to auction off higher priced jewelry items. So, it’s more like a consignment jewelry shop.
You contact Worthy and they will mail you an envelope for the shipping. Once your jewelry arrives, Worthy takes professional pictures and puts it up for auction.
If your item is sold, Worthy takes a fee, the amount depends on the final price of the jewelry.
In case the item doesn’t sell, you’ll get it back with free shipping.
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Cash for Gold USA
This gold buyer takes many items no matter the values. Cash for Gold USA accepts scrap gold, broker jewelry pieces, gold nuggets and whole bracelets, rings, necklaces.
This company determines the jewelry value on its weight and gold purity. So, if the piece is real gold there is a chance they will buy it.
The selling process is simple. You fill out a form and request a method for shipping and send in the item.
The company will appraise the item within 24 hours and make you an offer. If you accept this offer, you’ll get paid by Paypal, Bank wire or a check.
The Real Real
This is a luxury online consignment store. The Real Real accepts a variety of items for consignment including jewelry, designer watches and handbags.
You ship your item directly to the platform using USPS.
A specialist appraises your jewelry.
The item is placed for sale, price is determined by the platform.
Once sold, payment is made by Direct Deposit or by check.
You can also schedule a video chat to discuss your item.
Circa Jewels accepts higher end jewelry, diamonds and engagement rings. You can ship your item via Fedex insured. Once your jewelry is received, an offer is made. If you accept the offer Circa pays immediately.
Other online options to sell your used jewelry
There are other alternatives to sell your used gold jewelry – Ebay, Etsy and Bonanza.
Get Cash for Gold Near You
There are more traditional ways to sell your unwanted gold jewelry and engagement rings for cash. Before the growth of online jewelry exchanges and platforms, the local shops near you were buying old jewelry.
Here are three types of local shops where you can get cash for gold. Your town may have one or more of these shops.
Pawn Shops – the local pawn shop will give you cash under the true value of your jewelry. Be careful when selling antiques or other valuable to pawn shops, you may get very little cash compared to their values.
Antique dealers – Dealers in antique jewelry and coins are able to appraise your valuable jewelry and may buy it for cash.
You can check the American Numismatic Association for dealers in old coins who are also antique jewelry dealers.
Local Consignment shops – Consignments shops generally take your item for sale and you get paid when the jewelry is sold. You’ll get the price less commission fee.
Selling old gold jewelry online has become very trendy, mainly out of convenience. These are 7 ways you can use to get the most cash for your old gold jewelry.
The price you’ll get will depend on the condition of the jewelry, the weight and purity.
These jewelry exchanges and shops have various methods of payments. You can participate in auction style exchanges, here you’ll get the highest price offered.
You can also get a fixed pre-determined price or a consignment price in some shops.
Check 2 or 3 businesses before you sell or ship your used jewelry to them. Review the BBB ratings for each business to protect yourself from fraudulent buyers.
7 Ways to Sell your Old Gold Jewelry for Top Dollars
- Gold for Cash USA
- The Real Real
- Local Pawn Shop
- Local Antique Dealer
- Consignment Shop