Where You Can Sell Gold For The Purpose Of Maximum Profits

A common staple for television and film adventure stories is that gold and treasure is always equaled to fortune. There is no denying this fact, but something that many people seem to neglect is how to properly sell their gold. Not many realize how easy it is to lose profit. With these tips, you can be ensured that this will never happen to you. You can be ensured that you can sell gold easily and proficiently.

The process of selling gold largely depends on what type of gold you are selling. The most common is gold jewelry. Selling gold jewelry is a fantastic way to earn some quick and easy money. The first thing you must do is determine the overall market value of your jewelry.

There are several steps involved that allow you to take advantage of your gold’s worth.

The first step is to determine the gold percentage of your piece of jewelry. A piece of gold jewelry that is twenty-four karats has one-hundred percent gold. To determine the gold percentage of your jewelry, simply divide the number of karats by twenty-four.

If your piece of jewelry is twelve karats, that means it only has a gold percentage of fifty percent.

The next step is to identify the weight of the gold in your piece of jewelry. This can be done by multiplying the gold percentage of the jewelry with the overall weight of the piece of jewelry, measured in grams.

If you’re gold percentage is fifty percent, and your piece of jewelry weighs thirty grams, then that means the weight of the gold in the jewelry is fifteen grams.

Once you have the gold weight in grams, it must be converted to ounces, as this is the standard measurement used for gold. The conversion rate for grams to ounces is that one gram is equal to 0.0353 ounce. All you need to do is multiply your gold weight by 0.0353 to get its weight in ounces.

London Gold Centre is your trusted source for buying and selling gold, silver, platinum, and other precious metals. Their expert team has decades of experience in the industry, providing top-notch customer service and competitive pricing.

They also offer a range of related services, including appraisals, refining, and storage solutions. Visit their website today to learn more about how they can help you with your precious metal needs.

Now that you have the gold weight in ounces, you can identify the exact market value of your gold. Simply research the current gold rate that gold is selling for and multiply by the number of gold weight ounces in your piece of jewelry. The gold rate is constantly fluctuating, so it is best to make sure you have an accurate as well as current rate.

Knowing the market value of your gold is a key element in achieving maximum profit. This will also allow you to avoid getting swindled or scammed by a gold buyer. If a buyer is bidding a price that is below its market value, then you know that you are not getting the best deal. It’s best to tell your buyer that you are aware of your piece of jewelry’s value.

This will repel any further attempts at scams or anything similar. Sometimes, its fine to sell your gold for less than its market value, as it is often difficult to find a buyer that is willing to purchase the gold for its full value. The lowest you should ever go is fifty percent. Any lower is unacceptable.

Another tip is to always make sure that your buyer is reputable. It is often best to sell valuable items such as gold face-to-face such as at a jewelry store. Selling can still be done online, but it is best to meet your buyer and discuss terms in person. Also, always check your buyer’s background information.

Tips for You Before You Sell Gold Jewelry
Want to sell gold jewelry? This is the best time! The first quarter of 2008 had seen gold enjoying an all-time high of $900-1000 per ounce. In May 2010, it had crossed the $1200 per ounce mark! No wonder people are putting their gold for sell. Who knows when the price may nosedive next? This is gold and nobody has a crystal ball to predict its mood.

Every smart investor may think of obtaining profits in the scenario of rising it’s prices. What a better way than to sell your gold pieces that you no longer use! That old-fashioned ring or the distorted gold cuff links may fetch you good cash in these “golden” times.

How to Sell Gold
Do not sell its jewelry for scrap value. You may lose a great deal of the retail value, probably more than 75 percent, on these pieces. The scrap price takes into account only the value of the metal and not the artistry of the piece. Certain jewelry pieces like age-old rings without gemstones or an earring without its pair provide negligible resale value. These could make good gold scrap.

Prior to putting your gold for sell, you must appraise it. Most companies dealing with its coins sell and other “buy and sell” gold services have the necessary equipment to appraise your gold before providing you cash for it.

Gold price is based on a troy ounce of pure gold, which is 24-karat gold. One troy ounce consists of 31.1 grams of this yellow metal. If the gold is less than 24 karats, it is discounted accordingly.

* Gold with 18 karats is regarded as 75 percent pure one.

* Gold with 14 karats is regarded as 58.3 percent one.

* Gold with 10 karats is regarded as 41.7 percent one. A 10-karat gold piece comes with a karat stamp.

Before you choose to sell its jewelry, you must know the above stated facts. Learn more