Cash For Gold: Put Your Old Jewelry to Good Use

In times of economic crisis, personal possessions such as and valuable antique ornaments can serve as unexpected lifesavers. With the rates for precious metals soaring like never before cash for gold schemes are fast becoming the most convenient and practical way to raise money quickly

A number of businesses are active players in the cash for gold market, and work by purchasing old and unused jewelry from individuals. The scrap ornaments and pieces of jewelry are then smelted to remove impurities and extract the precious metal which is then aggregated and sold for profit. It may seem odd that buyers will pay for old jewelry but with bullion rates booming even the most flimsy necklaces can fetch reasonable rates. 

If you are looking for some quick funds this may be the perfect opportunity to put that unwanted or little-worn jewelry to good use. It is a good idea to get in touch with the company you wish to sell your jewelery to and ask for a quote. Some services even allow sellers to mail in packets which are then estimated for the actual gold content. In some cases the metal residues left behind may also be useful, and if your jewels have so called 'impurities' that are actually semi-precious additives then your investment may pay much more.

Getting your valuables to pay for you never got any easier. Selling your jewelry can actually be lucrative especially if you choose to sell good quality ornaments that are likely to have a high carat value. To begin with explore your stashed jewels and pick pieces you hardly wear or ones that are even broken. Any external damage to jewels do not affect the inherent value of the metal so most companies will accept even unusable ornaments.

Then get in touch with the company you wish to transact with. Do your research when selecting the best business to sell your jewelry to. It is a good idea to weigh your jewels so as to provide a rough estimate to the buyer as to the amount of jewelry you are looking to sell. Most buyers will have established customer support hotlines to help clarify any questions or concerns you may have.

A number of businesses operate via a mail-in system where they request that packages be sent via a delivery service. Choose a reliable courier or mailing service such as Fed-Ex so that your packages can be labeled and therefore traceable. Once the company examines your jewelry they will offer a cash estimate for you to accept. Some buyers will directly mail in checks which some ask for your approval on the quoted price before writing checks. Since you have the option to accept or ask for a better offer there is actually little to lose if you choose to sell your valuables for immediate pay.

Since bullion prices are constantly in flux, most buyers will appraise your jewels and provide estimates based on currently traded rates. With the right research, Cash for Gold can be the most efficient and speedy means to raising funds on short notice.