Three Things to Know When Selling Gold to Jewelers

Metal Detecting for the Beginner
Metal Detecting for the Beginner
List Price: $11.95
Sale Price: $9.29
You save: $2.66 (22%)
  Eligible for free shipping!
Availability: Usually ships in 1-2 business days
The Metal Detector Book
The Metal Detector Book
List Price: $2.99
Discovering Metal Detecting on a Thailand Beach
Discovering Metal Detecting on a Thailand Beach
List Price: $4.99
The Professional Treasure Hunter's Guide to Metal Detecting Sites How to hunt them, & more
The Professional Treasure Hunter's Guide to Metal Detecting Sites How to hunt them, & more
List Price: $2.99
Craig Gold asked:

Selling scrap gold to a metal refiner, you first may want to get prices from jewelry stores..

You have the choice to receive the greatest amount of cash for your scrap gold. For many people, a company like Cash4Gold is the optimal option because they purchase jewelry and gold of any kind. Damaged necklaces, single earrings, dental gold, and anything with gold and silver in it.

But if you have a piece of jewelry which is valued much more than just the metal that makes it up? You assume you can get more money from a jewelry store for selling your items.

But wait, here's what you have to know so there aren't any surprises!

You Can't Trust Engraving

Skilled jewelers and special equipment can tell exactly what kind of gold makes up jewelry. Your piece of jewelry might not be as valuable as you think.

The engraving on jewelry marks its karat, or gold purity level. Some countries have no rules and laws requiring that engraving be authentic, and some don't require a 3rd party to verify jewelry's gold content. It's likely your piece of jewelry is wrongly imprinted to misrepresent the content for the seller to earn more cash.

Retail Value Does Not Reflect the Scrap Metal Price

It's easy to assume that you sell to a gold refiner, you will get paid slightly less than retail for your old jewelry. Gold buyers only buy the intrinsic value of the metal within the jewelry, not its quality or appeal.

Jewelry stores work on very large margins, and can mark up prices by three to twenty times their metal's worth. Even jewelry purchased on sale will still be a lot higher than the metal's value. The precedence is akin to buying a brand new car. As soon as you take it out of the store, the value of the automobile falls dramatically.

Jewelers Use Appraising as a Marketing Gimmick

When you take your scrap gold and jewelry to a jewelry store for appraising, there is a likeliness that the appraised price is for trade-in only. This means that you will not get cash for your gold. Jewelry stores expect you to buy another piece that's marked up three to twenty times its metal value.

gold metal detectors

Metal Detecting for the Beginner Metal Detecting for the Beginner
List Price: $11.95
Sale Price: $9.29
You save: $2.66 (22%)
 

Description

"Metal Detecting for the Beginner" is a how-to guide for anyone interested in the sport of metal detecting. Get a feel for a typical hunt; learn key terminology, and how to buy your first detector. This book guides you through the technical concepts you will need to make intelligent choices on the equipment you buy. It includes an ample list of manufacturers, suppliers, and online resources. Welcome to the wonderful world of metal detecting! Expanded 2nd edition now available.

The Metal Detector Book The Metal Detector Book
List Price: $2.99
 

Description

How to find the treasures that hit the headlines. Updated and expanded, the classic guide to treasure hunting with a metal detector. Sixteen chapters of practical advice and theory. From coin shooting to hoard hunting, all for less than one issue of a monthly magazine! Introductory Kindle price.

How to find the treasures that hit the headlines. Updated and expanded, the classic guide to treasure hunting with a metal detector. Sixteen chapters of practical advice and theory. From coin shooting to hoard hunting, all for less than one issue of a monthly magazine! Introductory Kindle price.

Discovering Metal Detecting on a Thailand Beach Discovering Metal Detecting on a Thailand Beach
List Price: $4.99
 

Description

Hunting for pirates’ hidden gold and silver in the golden sands of a palm-fringed, exotic tropical island was the daydream of many of us when we were school kids. Unfortunately it is a fantasy that almost nobody can ever fulfill.This unusual and completely original book will tell you how anyone can embark on the next best thing though, and will take you on a layman’s treasure hunt under tropical moons and blazing sunrises; sharing a few of the secrets of how to recover some of the millions of lost items of jewelry and coins that lie buried beneath the surface of many beaches around the world.Peter Jaggs spent six months searching the seashore of a Thai tourist town without previously ever having had any experience of beach metal detecting, and the diary he wrote whilst learning how to do so provides a humorous, enlightening and entertaining read. Whether you are a novice or an expert, or even if you have never picked up a metal detector before, you will find that ‘Discovering Metal Detecting on a Thailand Beach’ is very much more than a technical guide to amateur treasure hunting and the stories and incidents recounted in this book will amuse and surprise followers of the hobby as well as those who are merely curious. Join Peter Jaggs and share in the sights, meet some of the characters and unearth some of the treasure he found during the time he passed using a C-Scope CS4PI metal detector on the sands of an engaging beach resort in Thailand.

Hunting for pirates’ hidden gold and silver in the golden sands of a palm-fringed, exotic tropical island was the daydream of many of us when we were school kids. Unfortunately it is a fantasy that almost nobody can ever fulfill.This unusual and completely original book will tell you how anyone can embark on the next best thing though, and will take you on a layman’s treasure hunt under tropical moons and blazing sunrises; sharing a few of the secrets of how to recover some of the millions of lost items of jewelry and coins that lie buried beneath the surface of many beaches around the world.Peter Jaggs spent six months searching the seashore of a Thai tourist town without previously ever having had any experience of beach metal detecting, and the diary he wrote whilst learning how to do so provides a humorous, enlightening and entertaining read. Whether you are a novice or an expert, or even if you have never picked up a metal detector before, you will find that ‘Discovering Metal Detecting on a Thailand Beach’ is very much more than a technical guide to amateur treasure hunting and the stories and incidents recounted in this book will amuse and surprise followers of the hobby as well as those who are merely curious. Join Peter Jaggs and share in the sights, meet some of the characters and unearth some of the treasure he found during the time he passed using a C-Scope CS4PI metal detector on the sands of an engaging beach resort in Thailand.

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google Bookmarks
  • Yahoo! Buzz
  • TwitThis
  • Live
  • LinkedIn
  • Pownce
  • MySpace
This entry was posted in Jewelry and tagged , , . Bookmark the permalink.

Comments are closed.