1. Selling Gold For Cash - The 3 Most Important Questions When
Selling Gold
Are you interested in selling gold for cash? Gold is a precious metal
with inherent value and prices are at a record high right now making
it a fantastic time to sell your gold. Whether you own designer
jewelry or a drawer full of broken and bent jewelry, you can quickly
convert your gold to cold hard cash in your pocket.
sell dental gold
The 3 most important factors when selling gold for cash.
The price you will receive for your items depends on three factors.
The weight, the karat or purity and the current value of the gold are
the most important factors that will determine the amount of money
you receive.
What is the measurement used when weighing gold?
Gold can be purchased in grams and troy ounces. The daily price of
gold is in troy ounces; one troy ounce equals 31.1 grams. So you can
now determine not only the purity but the weight of pure gold you
have in troy ounces.
What do the amount of karats really mean when you sell?
When selling gold for cash it is helpful to have a basic understanding
these three things. All gold jewelry is marked with the karat, or
purity stamp. 24 karat gold is pure and is too soft for jewelry so
other metals are mixed with the gold to make an alloy. 10 karat gold
2. is durable but only has 10 parts out of 24 content, the same math
applies to 14, 18 and 22 karat. Divide the karat by 24 and you will
have the percentage of pure gold in your item.
What is the current market value of pure gold?
Cash For Gold
The final factor to consider when selling gold for cash is the current
market value. Precious metal values change throughout the day so
watch trends closely and sell on the day following a high price as
buyers usually base their offers on the closing price of gold from the
previous day.
Here are some final considerations as you gather your items to sell.
Some pieces of jewelry such as signed designer pieces may have
value above and beyond the gold value alone. On the other hand,
unmarked dental gold and broken jewelry can easily be sold for the
value of the gold they contain.
