Selling used jewellery can be a hassle if you don’t take the right precautions and therefore before you go off ‘into the wild’ to sell your precious metal based jewellery, you should get acquainted with your jewellery beforehand.
What are you selling, if its gold it will be good to know the gold purity of the item or items you will be parting with to get your hands on some cold hard cash? You must have an idea of what 24K, 18K or 9K means, for instance 24K basically means 24Karats – 24 parts out of 24 parts gold, 18 Karat gold (18K) is 75% pure gold and 25% hardening agents (normally zinc, copper or silver) and 9K gold in turn is 37.5% pure gold and the rest made up of hardening agents.
The European system for determining the purity of gold jewellery on the other hand is slightly different as 18K gold is marked with 750 to indicate 75% gold, 14K gold is marked with 585 to indicate 58.5% gold and 10K gold is marked with the numbers 417 that indicates 41.7% gold content. 10K gold is the minimum gold content in the United States for anything to be considered as gold.
After you are familiar with these basic facts, check the market rate for the current value and compare it to the value it was purchased at. In essence you would have to determine the margin potential that you could be making and then decide if it is worth it or a viable option that you would like to follow through.
Another method to ensure you get your gold jewellery’s value in terms of money is to check with reputable precious metal traders based near you. These traders have online websites with all of the information you need at your fingertips. They even have evaluators who will come to you and give you an evaluation on how much your gold jewellery is worth (fees may apply).
The importance of being able to find a reputable gold trader when it comes to dealing with precious metals cannot be undermined as they are usually able to offer better rates simply due to the fact that they deal directly with refining aspect of the gold trade. They turn your old precious metals contained in your jewellery to being as good as new gold that rolled off the conveyer belt of a mint.
On top of that they have a wealth of information on prices of precious metals throughout the world as gold prices vary due to currency value difference. Information on these websites is spam free, safe, reliable and updated regularly. Another factor that may add extra income from the sale of your old jewellery is cleaning them before an evaluator has a look at them.
The step you need to take first and foremost is to inspect the jewellery to ensure nothing is loose and everything is intact. After this is done simply soak it dish washing liquid and rinse it with warm running water, finally buff dry with a lint free dry cloth. The point in doing this lies with the fact that ‘presentation’ is a critical factor when you sell used jewellery or anything else for that matter as it naturally adds to the value to the item (ever wonder why used cars are washed and polished in most circumstances before they are re-sold? – the same concept applies to this situation).
For more information please visit:
The Brisbane Gold Company
Shop 01/663 Ipswich Rd.
Annerley, QLD. 4103
Phone: (07) 3123 6677