April 14, 2024

Business Bib

Business & Finance Blog

What to Expect When Receiving Cash for Gold

2 min read

Whether it is a broken necklace or even a gold coin, forgotten and unwanted gold items can bring you quick money. To get the best value, learn what to expect when receiving cash for gold.

Understanding Jewelry Value

Jewelry is one of the most common cash for gold items. Broken, out of style, and even new jewelry that you don’t need can be sold. To understand jewelry value, compare your item to similar pieces online or in person at jewelry stores.

Look at completed eBay auctions for comparison, but keep in mind that a shop will offer you less because they are looking to resell for a profit. Additionally, take market fluctuations into consideration.

Preparing Jewelry to Sell

Old jewelry that has been sitting at the back of a jewelry box collecting dust may not be in the best condition. You can prepare jewelry to sell for cash for gold by gently cleaning it with warm water, dish soap and a soft-bristle toothbrush. It is generally not worth trying to repair damaged jewelry. The buyer can also clean the jewelry, but this may reduce your offer.

Comparing Cash for Gold Offers

An expert at a reputable shop should explain the fair market value of your piece at no charge; however, it is still a good idea to compare cash for gold offers.

In addition to the carat weight of gold, jewelry with gems will be examined for cut, clarity, carat and color. Condition of the prongs and clasps, the age, the designer and more can impact the value.

Contact Cash For Gold in New Hampshire

For more information on the value of your coins, jewelry or gold bars, contact Cash For Gold in New Hampshire. We have locations in Concord and Manchester.