Gold selling has never been easier thanks to the high price the precious metal is selling for on commodities exchanges and elsewhere. Buyers are willing to pay top prices even for scrap gold, broken jewelry and damaged gold. They will even pay cash for items that are partially made of gold such as old watch cases.
It truly is a seller’s market for gold but it may not last because the bubble could burst at any moment and high prices could come down. That means it is a good idea to sell gold Roslyn Heights, NY, right now before the price falls. In a few months buyers could offering half or less what they are paying right now.
So what are they buying anyway?
Any jewelry that is made of gold no matter what number of karats is involved. They will pay less for items with fewer karats because they have less gold in them. They will also pay for items that are partially made of gold.
- Scrap gold including that used in jewelry making, partially melted gold and pieces of old jewelry. Anybody who has worked in the jewelry industry or who has had a family member that did should look around the house for this.
- Gold coins including old US coins, foreign coins and collector’s coins. These may not be made of gold but it is always a good idea to take them to a buyer and let him make the determination. It won’t cost you a thing and it could be worth money.
- Gold bars and bullion including those used in jewelry making.
- Medallions and medals made from gold including awards. These may or may not be real so bring them in and let a professional tell you if they’re worth money.
- Watch cases and other gold-plated items these could be low-karat gold. It won’t fetch the same price as 24 karat items but you could make a few extra bucks from it.
- Chains so it’s a good time to get rid of all that tacky gold jewelry a lot of guys bought back in the 1970s and 80s.
Where to Sell Your Gold
Even though many businesses are buying gold these days it is always a good idea to deal with professionals that have made it their family business for generations. The professional buyers will give you a higher price for items and they will be more likely to tell you what something really is and what it is really worth.
They may also give you more money for individual pieces which could be worth more as antiques or jewelry. The fast cash shops won’t do that they simply buy by the pound for the smelter.
