How to Get the Best Value for Your Gold

by | May 15, 2013 | Jewelry

With the price for gold rising rapidly, it is important to ensure that you get the best value for your gold. Getting the best value does not always entail attending a gold party where you have your gold appraised and paid spot cash. Consider doing a little research to determine the best deals for your gold. Although gold parties may be fun and a good way to make some quick cash, they might not offer you with the best deals. If you are planning to sell gold Marietta, follow these tips to make sure you get the best deals for your gold.

Know the different scales

Having a good understanding of the different scales used to measure gold is one step towards getting the best deals. Some jewelers will use a standard called a troy-ounce, while most of the US scales will measure gold in terms of grams per ounce. Be alert that a buyer does not measure your jewelry by a penny weight and make payments by grams, as this will result to less money.

Know your karats texture

Pure gold has a very soft texture. It is usually mixed with other metals to make it durable and have a different color. Ensure that you know how to describe the karat fitness of the metal. For example, if the jewelry has 14 karats, this would simply mean that the jewelry has 14 parts of gold and ten parts of other metals. Remember that it is illegal to label jewelry a gold product if it is less than ten karats. Having a good understanding of your gold karats will help you in making the right decision concerning the scrap value of your gold jewelry.

Do research

After you have known the karats of your jewelry, take time to do some online research to know the market price of your gold. Most dealers know that people are looking for some quick cash and will offer you an amount of cash that is lower than the real value of your gold. If you are to planning to sell gold Marietta, consult with the BBB to know more information about your buyer.

Latest Articles

Categories

Archives