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Phone: (303) 798-5224

BLog / 10 TIPS ON HOW TO SELL GOLD JEWELRY IN DENVER CO

10 TIPS ON HOW TO SELL GOLD JEWELRY IN DENVER CO

With the price of gold always fluctuating but trending upwards lately. the question is, how can I get the most cash quickly when I sell my gold jewelry in Denver Colorado? The best way for you to find out which gold buyer will pay the most for your gold is to visit a few buyers personally with the same pieces of gold jewelry. Luckily Denver has many jewelry stores and you won’t have to travel too far to get the best price. Based on our combined jewelry experience of 40 years, we have compiled a list of the 10 tips on how to sell gold jewelry in Denver CO.

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1. Know the weight of you gold.
You can use a simple kitchen scale to do this.

2. Try to sell to jewelry stores
Jewelry stores have a vested interest in giving you the best price. They want to retain you as a customer in the long term.

3. Shop around.
Depending on the margin they want to make when they resell or melt down your jewelry,
some stores will give you a better price than others

4. Know what affects the price of gold.
Only 24 carat gold gets full price. 18 carats gets 75%. Settings and stones on your jewelry don’t count towards the weight of the gold. Check with a jewelry store in Denver or check todays price of gold here: http://www.apmex.com/spotprices/gold-price

5. Know what you’re selling.
If your gold ring, bracelet, necklace or gold earrings were made by a famous designer, they may be worth more than the price of gold.

6. Avoid selling at gold parties.
Gold parties are about fun and entertainment and you’ll only get about 70 to 80 percent of the real value of your gold jewelry.

7. Avoid selling to pawn shops.
Pawn shops are in the business of buying for the least amount possible. They may also not recognise the intrinsic value of your jewelry. Sell to a pawn shop after a jewelry store tells you they are not interested in buying your gold jewelry.

8. Don’t be fooled by the surroundings
The luxuriousness of the store does not mean you’ll get the best price. Smaller stores often offer better prices.

9. Gold prices change day to day.
The offers you receive are good for one day so if you have the best price for the day, it may be time to sell.

10. Antique gold jewelry may be worth more.
Only a good gold buyer will recognise and be willing to pay more for vintage or antique jewelry. These items are usually worth more than the market price.

If you’re looking for a gold buyer in Denver CO, come in and see us for a fair cash offer on your gold jewelry including rings, necklaces, bracelets and earrings.

By June 20th, 2017