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  • What to Know When Selling Gold to Jewelers
    If you've decided to sell your scrap gold to a gold buyer, you first may want to get quotes from jewelry stores..

    You have the right to receive the highest amount of money for your old gold and jewelry. For many people, Cash4Gold is the best option because they buy jewelry and gold of any size and shape. Dental gold, single earrings, broken necklaces, and the list goes on and on.

    What if you have a piece of jewelry that you think is valued much more than just the metal that makes it up? You think you can get more money from a jewelry store for selling your items.

    But wait, here's what you need to know so there are no surprises!

    You Can't Trust Engraving

    Skilled jewelers and special equipment are the only things that can tell specifically what type of gold and sulver makes up any type of jewelry. Sadly what you think you have may not be what you have.

    Engraving on jewelry denotes its karat, or its purity. Most countries have no rules requiring that engraving be authentic, and some don't require a third source to document jewelry's gold quality. It is possible your jewelry is falsely marked to falsify the content for the jeweler to make some extra money.

    Retail Value Does Not Reflect the Scrap Metal Price

    It is common to assume that when you sell to a gold metal refiner, you will get retail value for your gold and jewelry. Gold buyers only buy the intrinsic value of the metal that makes up the jewelry, not the jewelry's age or quality.

    Jewelry stores work on insanely padded profit margins, and can increase up prices by 3-20x their metal's worth. Even jewelry purchased at a sale will still be a lot higher than the value of the metal. The situation is just like buying a brand new car. When you drive it out of the store, the worth of the automobile decreases.

    Jewelers Use Appraising as a Marketing Gimmick

    If you take your gold and jewelry to a jeweler for appraisal, there is a possibility that the appraised price is for trade-in only. This means that you will not get cash for your old jewelry. Jewelers want you to buy another piece that's already priced up three to ten times its actual value.

    Use this handy scrap gold calculator for getting estimates: http://www.goldintomoney.com/calculator



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