For the past years, the price of gold
has been steadily increasing, and has been nearing an all-time high. Thus, a lot of market insiders have been
saying that these days would be a good time for selling gold jewelry to make a
good profit. However, be warned that not
every buyer will be offering to buy your gold jewelry at a fair price. Thus, you need to be more knowledgeable of
your options so that you can make more money in selling gold jewelry. Take
extra caution before emptying your necklace display stand and cash in on your
investment.
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Image source: Forbes |
Perhaps the most popular manner of selling
gold jewelry is to sell them to antique jewelry dealers in exchange for cash. Your evaluation skills will be put to the
test here as you will not really be sure if the pawnshop or jeweler will be
giving you the best price for your jewelry.
You need to know how to negotiate so that you will get the selling price
right. If your jewelry has an appraisal,
make sure to have it handy when dealing with the jeweler. At a pawnshop you will have the option of
buying back the jewelry if you opt to do so.
Otherwise, be ready to sell your jewelry at scrap price.
With the popularity of the Internet,
selling products though auction websites has also been a welcome option. Buyers can bid for your gold jewelry up until
you deem to get a good price. Just make
sure that you present your pieces the best way possible through high quality
necklace displays. However, if you think that only buyers get scammed for not
getting the merchandise they bid for, you are wrong. Sellers can also be scammed by unscrupulous
buyers. It is best to consult someone
well-versed in the ins and outs of bidding websites so that you will not get
duped.
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Image source: Gofishing UK |
Auctioning for your gold jewelry can
also be done physically. You will have
an auction house and an auctioneer work for you. Make sure that you know the approximate
resale price of your item, and if the auctioneer thinks that the item will sell
or be at least near the price, to level off expectations. Make sure you are ready with your appraisal
documents.