How Can You Choose Which Gold Jewelry To Sell?

Posted on: 10 September 2021

Selling old gold jewelry can be an excellent way to free up some space and make a little extra cash. Whether you need the money for a big purchase or to pay a bill, there's nothing wrong with putting your gold to more practical use. However, choosing which jewelry to sell can be tricky, especially if you only want to sell a few items out of a sizeable collection.

While the best choices will be different for everyone, these three tips will help you evaluate your jewelry to select the items you want to sell to a gold buyer.

1. Decide On Your Goals

Are you clearing space, or do you need quick cash? Before deciding on the gold you want to sell, you should establish your goals. Without doing this, it's far too easy to sell too much or even sell items that you may regret giving up later. You don't need to have a specific number in mind, but it's generally a good idea to have an approximate idea of how much money you're hoping to get.

Remember that you don't need to sell everything. If you have an upper and lower bound on your goals, select jewelry to meet your lower requirement. Unless you need the money right away, you can choose more jewelry to sell later if your first sale doesn't meet your expectations.

2. Do Your Homework

Your jewelry's value will depend on numerous factors, including its weight, the gemstones, and the style. If you're selling to a gold buyer that specializes in jewelry, you can expect them to pay more for items that are in-style or timeless. On the other hand, you may have to accept a lower price for jewelry that's less fashionable or out-of-style.

You don't need to be an expert, but conducting some research can help you estimate the value of the pieces you own. You can then use these estimates to determine how much of your jewelry you'll need to sell to meet your requirements. Condition is another factor that might affect your offer, so take the time to clean your jewelry as well as you can.

3. Sell Cherished Items Last

Although it should go without saying, you should keep any cherished items. If necessary, bring the rest of your jewelry for an appraisal first, and spend some time considering their offer. Spending a day or two thinking over any offer can help ensure that you get the money you need without selling anything you may regret later.