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.

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
-
Scientists want to fight malaria by poisoning mosquitoes with human blood
Under the radar Drugging the bugs
By Devika Rao, The Week US Published
-
Crossword: March 31, 2025
The Week's daily crossword
By The Week Staff Published
-
Sudoku medium: March 31, 2025
The Week's daily medium sudoku puzzle
By The Week Staff Published