Tip of the week: How to sell gold jewelry
Learn gold’s price; Avoid pawn shops; Negotiate
Learn gold’s price. Use the Web to check how the market is pricing an ounce of gold. “If nothing else, this lets the buyer know you have a clue.” Market prices are based on pure 24-karat gold, but 18- and 14-karat gold should fetch decent offers too. Don’t bother with items that are merely gold-plated.
Avoid pawn shops. And skip online buyers while you’re at it. “Your best bet is to go to an antiques store, jewelry and coin buyer, or estate buyer.” Better yet, first find an appraiser who isn’t currently buying. “Usually you can get a piece appraised for about $35.” Which isn’t much, with gold at $1,700 or more per ounce.
Negotiate. Get three different offers before selling, and let each bidder know they have competition. “Most of their first offers will be low,” but none of these guys “will want you to walk out without selling.”
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
![https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516-320-80.jpg)
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Source: The Indianapolis Star
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Create an account with the same email registered to your subscription to unlock access.
-
'I will not be silent' on Gaza, says Kamala Harris
Speed Read In a meeting with Israeli Prime Minister Benjamin Netanyahu, Harris supported Israel's right to defend itself while expressing a desire to end Palestinian suffering
By Arion McNicoll, The Week UK Published
-
'How long can TikTok dominate as a social network?'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published
-
Video game performers to strike over AI concerns
Speed Read SAG-AFTRA members are unhappy with gaming production companies
By Rafi Schwartz, The Week US Published