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Be Careful when Considering Selling Your Gold Jewelry
Jewelry Information Center ConsumerFeature
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THERE'S A LOT OF BUZZ LATELY ABOUT THE RISE IN GOLD-PRICES. AND, THOUGHTS OF CASHING IN YOUR GOLD-JEWELRY MIGHT HAVE YOU SEEING DOLLAR-SIGNS. BUT, BEFORE YOU SELL YOUR GOLD-JEWELRY, YOU NEED TO ASK IMPORTANT QUESTIONS. ACCORDING TO THE JEWELRY INFORMATION CENTER, YOU SHOULD FIRST CAREFULLY EVALUATE EVERY PIECE OF GOLD-JEWELRY THAT YOU'RE LOOKING TO SELL; DON'T ACT ON IMPULSE. ALSO, MAKE SURE THAT THE EMOTIONAL VALUE OF THE PIECE DOESN'T OUTWEIGH THE PRICE THAT YOU'LL RECEIVE. NEXT, RESEARCH THE COMPANIES THAT BUY GOLD--AND GET MULTIPLE OFFERS. ASK IF A PARTICULAR COMPANY IS A MEMBER OF A TRADE-ASSOCIATION, SUCH AS JEWELERS OF AMERICA--AND MAKE SURE THAT THE BUSINESS HAS A LICENSE TO BUY GOLD IN YOUR STATE. IN ADDITION, YOU SHOULD HAVE YOUR ANTIQUE- OR INTRICATE-JEWELRY APPRAISED, BEFORE SELLING IT BY WEIGHT--BECAUSE YOUR ITEMS COULD BE WORTH FAR MORE TO SELL AS A FINISHED PIECE. LASTLY, BE SAVVY ON THE DAILY GOLD-PRICE--BUT BE REALISTIC: KEEP IN MIND THAT YOU'LL ONLY BE RECEIVING A PORTION OF THE SPOT-GOLD PRICE. FOR MORE TIPS ON SELLING GOLD-JEWELRY, VISIT "J-I-C"-DOT-ORG.
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