Need instant money? Did you know that you can make quick money without toiling for eight hours or more? If you want cash right away, why not market your old gold items? For certain you have old gold jewelries at home that are just collecting dusts in your jewelry cabinets or drawers. If you market your gold jewelry you can make easy money and spend your earnings on other critical things. Or better yet, use the money to buy new bracelets or other voguish jewelries.

Following are ways on how you can make money from unwanted gold jewelry.

Know The True Cost Of Your Gold Jewelry

To get how much your gold jewelries are worth, you may perhaps want to drop by your district pawn shop. Ask for the worth of your jewels. Do not sell them your pieces still. Your goal is to get an idea of the fee of your pieces.

You can also get the cost of your items by manual computation. First is to get the rate of gold. A 24 karat gold item is parallel to 100 percent gold. Thus, you can divide the karat you have by 24. It implies that an 18 karat gold is 75% gold. How? Eighteen divided by 24 = 0.75 Or 75 percent.

Second is to weigh your items. Use grams. Multiply the weight in grams with the rate of gold. Convert the product to ounces. 1 G = 0.0353 Oz.

Finally, find out the current spot price of your gold jewels to get the worth of your jewelry piece.

Know Where You Want To Market Your Items

Sell Online

After you have calculated the worth of your gold piece, you can evaluate prices from different buyers. Ask around or survey websites and dealers. If you are confident to market then go ahead. Just ensure that you peddle your pieces in trustworthy websites. Make sure that you provide clear and good pictures of your items so that you can easily attract prospective buyers. You can also include the information of your items online like the actual weight and karats. Leave your contact numbers so buyers can get in touch with you easily. When you find somebody who is willing to buy, make sure that he is genuine and not just some forged buyers who will prey on innocent people. To be certain, you can join genuine forums or online auctions. Use PayPal or other honest money transaction services to ensure fast and reliable business.

Sell Your Precious Jewelry To Jewelry Stores Or Through Gold Parties

If you market your items via person to person, ensure that you are dealing with someone who is reliable and trustworthy. Avoid scams by coming in prepared. Before selling your items to shops or by means of gold parties, you need to know how much your jewelries are truly worth. The reason why people are being ripped off is that they do not know how much they are retailing. People who are working in scams would tell you that your items have lesser karats. Thus, they will have lower valuation.

The price of gold is at its ten year high. With that said, many are enticed to sell their old gold jewelry to make quick cash. If you have decided to sell your items, see that you are equipped with the knowledge about your gold items. If possible, do not market those items that have sentimental value. Buyers are not interested on the history of your pieces but they are more concerned about the weight of your gold. Do not just trust your market instincts, understand what you are selling through constant reading and exploring. Good luck.

By: Daryl B. Chapman

http://silverandgoldexchange.com/