3 Tips For Selling Your Gold Jewelry To A Refinery

Finding a gold buyer that will offer you a fair and reasonable price for your pieces is a bit difficult to do. This is why it is recommended to spend some time shopping around before committing. In addition, you can consider selling your pieces to a refinery. A gold refinery is typically able to provide you with a better price for your gold than smaller shops would. Whether you find yourself in control of an estate or are looking to offload a large collection of gold jewelry, there are a few tips you need to consider when selling your gold jewelry to a refinery.

Make Sure You Have A Large Collection

One of the many reasons in which refineries are able to offer some of the best prices for gold is because they purchase gold pieces in bulk. This means that they typically work with businesses that are looking to sell a number of pieces. If you are in charge of an estate or have a collection of gold jewelry that rivals that of a small store, then a refinery would be the perfect location for you. If not, you may want to wait until you have a larger collection of gold pieces. The more pieces that you sell, then the better the price they will be able to offer you.

Remove All Non-Gold Material from the Jewelry

Selling to a refinery is almost similar to visiting a recycling center to get rid of your cans and plastic bottles. This means you that you only bring in pieces that are completely recyclable. Spend some time going through your gold jewelry and look for pieces that have non-gold components. A local jeweler will be able to work with you to identify which parts need to be removed.

Get an Appraisal

An appraisal is an easy way to get an idea of how much your gold is worth. Once you send in your gold jewelry you can match the amount that the refinery quotes you with the figure received from the appraisal. Sometimes pieces are worth more as a finished piece than they are worth for their gold metal components. In addition, an appraisal acts as documentation that helps to protect you if your jewelry is lost or stolen.

Selling your gold jewelry to a gold buyer like a refinery can result in a serious payday. Therefore, use these tips to ensure that the process goes as smooth as possible. For more information, contact a gold buyer such as Ed's Coins.