Ideas on What to Do With Your Old Gold Jewelry

When it comes to selling your old gold, it doesn't really matter what the gold was used for. It could be a wedding band from a failed marriage, broken or knotted gold chains, mismatched earrings, or even the fillings from your teeth! Scrap gold can be melted down and made into something new. It is the ultimate form of recycling since your scrap could become someone else's treasure.

The first step is to go through your jewelry box. If you have outdated, broken, or unwanted pieces that hold no sentimental value to you, you might as well consider getting rid of it. If you'd like a little money to perhaps buy something you'll love more, or to pay off extra bills, why not sell your old gold? Set the pieces you'd like to get rid of and head out to your local jeweler.

A local jeweler or gold broker will be able to help you determine the value of your unwanted gold. Many times, they will offer cash for gold or a trade - that is up to you. But, your main goal should be to get the pieces weighed and appraised. During this visit, the jeweler will be able to tell you if the gold is pure, what karat it is, and if it is mixed with any other metals. The more pure the gold is, the higher its value.

When it comes to selling your old gold, you may choose to sell to a local jeweler or gold dealer directly, sell it at auction, or even through a reputable buyer online. Depending on the buyer's overhead, interest, and your gold's worth, the prices you can get will vary. It is always a good idea to know the current price of gold so that you always come out on top of the negotiation.

Remember, the more you know about your product - in this case your old jewelry - the more money you stand to make. That means shopping around for different offers. It is a good idea to try two or three buyers to see who will give you the best price.

Though selling gold may bring in a little extra cash, it isn't the only thing you can do with your unwanted pieces. If you want to work with a jeweler to design a custom-made piece for you or a loved one, you could have your old gold melted down and made into a new piece of jewelry! Though this may end up costing you a bit more than your gold is worth, as you will need to cover the cost of the jeweler's time and labor.