by Fiona Fidelis

If youre looking for an additional source of income, look no further than your jewelry box. Trading cash for gold has been a constant source of money for years, and its not slowing down ” even in todays tough economy. Jewelers usually buy many different types of jewelry, from rings to watches, as well as necklaces. Here are some tips to get the most cash for your gold.

First, determine what you want to sell. For some people it may be easier to determine what they dont want to sell ” for instance, anything with major emotional attachment is harder to part with. Because most jewelers melt down the gold they buy, its in your best interest to keep what you know cant be replaced and you wouldnt want to lose. It can be hard to decide what you want to sell, so think of it as a spring cleaning exercise. Dont worry too much about workmanship ” as mentioned, when its melted down the workmanship means nothing.

To make sure you get reasonable offers for your pieces, you need to get an appraisal. An appraisal will give you a general figure to work with, so that you know approximately how much the gold is worth. In some cases you may need to pay a small fee to get your pieces appraised, but the fee is worth it if only to avoid the hassles of low-ball offers. Of course, the price given by the appraisal may end up being higher than what you end up getting in the end.

Finding a legitimate place to trade in your gold is really a trivial matter. There are plenty of businesses willing to buy your gold, but the best places to look are your local listings. Find any jeweler who buys gold, and call them up to find out how they do business and what kind of rates to expect. Get as many bids as you can, and when you feel youre not going to get anymore, sell it to the highest bidder.

Note that the price of gold on the market is measured in 24 karats; most gold found in jewelry is 10-14 karats, so you wont get full market value. Still, the important thing to do is shop around for the best price. Many people attend gold-selling parties at home, but these are not good for getting a fair market value for your gold. While it may take a little longer, doing some homework will give you the most cash for your gold.

About the Author:
Looking for a cash for gold site? If you find yourself with too many jewelry boxes collecting dust in your storage, you may want to turn all of that gold into cash. If you are in need of some money then this might be the perfect answer to fill your wallet.

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