Home Decor | Housing | Real Estate

It’s time to get the gold that’s under the mattress. It’s time to clean up all of grandma’s jewelry that nobody’s using anymore. And how about that silverware that’s buried deep in the closet? Selling your “junk gold” for cash should be easy and hassle free. That is if you follow a few ground rules. If you are a first time seller, you’re probably worried. Can’t blame you. Selling gold can be daunting. The thought about putting your precious gold in an envelope and waiting for money in return sounds like a fairytale. Let’s try and go through the basics, so you can sell gold safely and for a large pile of cash.

First of all, you have to know what you got. Is it scrap gold or gold jewelry? Today, with a very soft jewelry market, practically all gold jewelry is considered gold scrap. Relax! If you have a Rolex or a Tiffany, they will never be considered gold scrap. However, with more and more jewelers going out of business everyday, brand new jewelry is being removed from showcases and sold as scrap gold. The only exceptions are exquisite vintage jewelry, jewelry that contains large and valuable stones, and high-end, name brand jewelry. So yes, you probably have scrap.

Next, you need to check out your selling options. If it’s your sentimental mother’s wedding ring you’re looking to sell for fast cash, then going to a Pawnshops may be a good idea, especially if you’d like to buy it back. But don’t expect to get more then 25-35% of the item’s value in a pawnshops.

If you want to support Ma and Pa’s local business, head on to the Jewelers next door. Usually they’d want to buy gold jewelry for less then wholesale or they will buy it as scrap and then turn it over to a refiner. Honestly, a jeweler is not a good alternative because he will only act as a middleman and you’ll just end up paying high commission rates.

If you’re into bidding try Ebay. If your jewelry is in a good shape and looks nice enough that people would like to buy it, then you might get a higher return. If you have the time, you can defiantly try Craigslist and sell to private individuals for higher profits. But remember to watch out for scams!

The last option, which is a quick, convenient and pretty safe way, is to directly sell your gold to a professional buyer. You’ll get cash, based on the actual value of your gold, and not for how nice it looks. So even if it’s an outdated piece of jewelry, you can expect a good deal. Some businesses will require you to send your gold through mail. Okay. Just make sure that the envelope is insured and get a proof of delivery. Don’t just drop your gold in a mailbox! You’ll have no proof it was either mailed or arrived.

If you still don’t want to mail your gold and you live in New York, check out Global Gold & Silver. They are conveniently located in Manhattan and the best part – you can come by with your gold and see the whole process including the sorting, the weighing, and the pricing. There’s no pressure on you to sell and if you changed your mind – you can take your stuff and go home. For more information about safe ways to sell your gold jewelry visit www.jewelryscrappers.com today. Good luck!