Cash for Gold in Atlantic City – Photo Courtesy: Sh4rp_i
The economy is hurting many people for the last few years, and there are many ways that the common people are trying to find to make up the for the bite of the economy. The funds are low and so you may find new ways to gather funds to support your family. You may have some gold that you can sell to make funds but you need to follow a few measures to properly sell the gold to obtain cash. The metal is high priced and will help you to bring in comfort when sold but you need to sell it in the proper way so that you do not loose hard earned cash from your gold.
You need to follow a few simple steps or rules so that you get the proper value from your savings in gold. They are as follows:
1. Gold sold as retail or raw material:
Gold can be sold in two ways; you can either sell it as per the worth of being retail good or you can sell gold as raw material. The retail price method is the best way to sell gold as the jewelry or object may have some extra value for the intricate design and historical value. The scrap value of gold does not consider these values but just take in the weight of the pure gold and fix the price as per market value. An antique piece, new jewelry or handmade ones have got the same value. There is no difference to these gold pieces or a lump of gold, if you sell as scrap. Therefore, it is better to go for retail price.
2. Pure gold and the mixed gold:
There are two types of gold. When the jewelers try to create jewelry, they need hard gold. This makes them mix the soft and pure gold with impurities like copper. The mixture gives the gold durability and bright color. The ratio should be equal to 10 part of other metal with 14 part of gold and if it is less than 10 karats, the label for the jewelry should not have the name of gold jewelry. You should know how much gold you have in the object that you need to sell off.
3. Sell your gold directly to jeweler:
The jewelers will give you a better price than the companies who advertise to pay for the gold. The jewelers will negotiate to some extent and you can try to do that till you find they won’t go any higher.
4. Try not to sell your high value jewelry:
The gems and stones will not be valued or paid by them. The jewelry that has got intricate design or various stones are not worth to be sold. Try to sell off that jewelry that does not have stones and high quality designs. Branded jewelry will also not be a good idea to sell off, if the style is outdated.
5. Use the internet to find about the companies and current rate for retail:
You can find out the reputation of the companies that you will be selling the gold to. This research will give you information about which company is better in terms of buying gold. The rates also are displayed online each day and you can find the rate so that you can be well prepared.
You can sell off your gold to get the cash in hand for something that needs immediate money but you must try to get the proper value of the gold as that is a savings that you are taking off and you must not get any fewer amounts for those savings.
This article has been written by Paula who is a contributor to captaincashforgold.com where you can get some tips if you want to sell gold for cash.