Tuesday, May 31, 2011

Why Sell Gold Jewelry Online?

Why Sell Gold Jewelry Online?
Old jewelry, even 14-karat jewelry, has value and to an online gold buyer is worth paying out impressive cash amounts. Online gold buyers offer cash for many precious metals including coins, bullion and bars, scrap metals and of course jewelry. Earrings, bracelets, chains, necklaces, watches and rings that are made of gold have a value based on the purity of the gold and current price for gold on the commodities market. Gold varies in value depending on the purity of the gold which is measured in karats. 24-karat is pure gold while 10-karat has some gold in but uses other metals and bonding agents to round out the jewelry piece. Once the karat has been accurately determined then your gold payout is based on the current price of gold. Once you have determined that your old jewelry or even rare coins have a value you are then ready to market your gold online to gold buyers. A few things to keep in mind prior to selling gold on line to a gold buyer include: never try to sell gold jewelry that is less than 10-karats as it is illegal to sell gold that is less than 10k; most real gold jewelry has the karat value stamped on it so if you can not locate the karat value chances are it is not real gold; consider the design and craftsmanship of the jewelry before piling it all together and selling as scrap metal since you will lose value if you sell gold jewelry as scrap when it could be marketed for its exceptional design or particular craftsman.

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