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Selling and buying gold jewelry had never been easier than it is now with online websites, as well as traditional establishments, offering their services to the general public. In order to receive the best price for your trinkets, or get a wanted piece for your collection at the lowest cost to you, some preliminary research into the way this process works is beneficial.
Local pawn shops have always been the traditional place to sell your gold jewelry. The staff is usually trained to appraise the piece. The factors that go into this appraisal include the age of the piece, the karat weight of the gold and the overall attractiveness of its appearance. They estimate how much it will be worth selling it on their shelves and will not pay much for pieces that they feel will not turn them a good profit. If it is pure gold of a higher karat, they may offer a price for what they'll get for sending it off to be melted down.
However, online places that buy gold jewelry go exclusively by weight. These companies are the places that melt the pieces down. The key is to find the one that offers the highest price. Read the information found through the links on this Business.com page to find out more about the buying of selling of gold jewelry.
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