Having gold pieces stored in a drawer can be more valuable than you think, especially in times of economic uncertainty. But if you are thinking of getting rid of them, you should be careful before knocking on the door of the first buy and selling store. The value of jewelry can vary greatly and there are details that can make all the difference.
According to information gathered by the ekonomist, there are simple ways to ensure that it sells well, and safely, its used gold.
Separate the gold from other materials
Before taking the pieces to any store, you should realize what is really worth there. Pieces containing stones, silver or other metals will be evaluated only by the weight of gold. According to the ekonomist, everything that is not gold will be automatically out of the purchase proposal.
Therefore, it can be advantageous to previously remove these components, whether precious stones, silver details or decorative elements.
Even if the resale value of other materials is lower, you can always sell them separately or reuse them in another part.
Compare prices before closing deal
Another of the most common errors is to accept the first proposal. As the same source explains, you should visit at least three distinct stores and ask for an evaluation in each. There may be differences of dozens of euros per gram, even within the same city.
If possible, ask the proposal to be registered in writing. And if you have several pieces to sell, ask for individual quotes, you can compensate for selling some in a place and others.
Choose well -referenced stores
Not all stores operate the same way. Before closing a deal, do a brief research on the establishment’s reputation.
According to the ekonomist, it is worth consulting forums of consumers, social networks or evaluation sites.
In addition, any gold sales must be accompanied by invoice and mandatory documentation. If the process seems too informal or if they do not ask you for any identification, think twice before moving on.
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Be aware of the quotation of the day
The price of gold is volatile and changes almost daily. According to the publication, a grass of gold can be worth more or less depending on the day, purity and the type of part. Therefore, you should consult specialized sites before you advance.
Weigh the parts on an electronic scale and, if possible, confirm the quilatage, the purer the gold (for example, 19.2 carats), the greater the value per gram.
The condition can also influence, especially if it is selling in antique stores.
Evaluate the artistic or historical value
Do not forget an important point: the value of a gold piece is not just in weight. If you have a family jewelry with historical value or unique design, it can be worth more than the metal itself.
According to, old parts or associated with public figures may attract collectors or antique shops.
In these cases, it may be worth visiting an antique store than one to buy and sell precious metals.
Selling used gold can be a practical solution for facing an unexpected expense. But before you do it, evaluate each piece well, carefully choose the store and find out about market prices.
Sometimes what looks like a simple forgotten jewelry at the bottom of the drawer can hide a higher value than you think.
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