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Posts Tagged ‘Selling Gold’

Selling Jewelry? These 5 Items Sell Quick

By admin on January 5th, 2012

When it comes to selling jewelry, it’s best to evaluate what
you have and compare it to what’s in demand. Though you may be ready to get rid
of that gold bracelet you don’t wear anymore, be sure you can get a good sum
for it. Jewelers want quality pieces – gold, diamonds, silver. But it also
depends on the karat. Here’s a look at some of the pieces that are worth
selling.

 

Diamonds

Not only are diamonds a girl’s best friend, they’re also a
jeweler’s best friends. Diamonds in any form – on bracelets, necklaces, rings,
etc. are highly valued for resale. Selling gold pieces that are encrusted with diamonds
will be even more enticing to potential buyers. Know how many karats you have
so you know you’re getting true value for your piece.

selling jewelry

Watches

Gold watches are often exchanged for cash because they are a
sign of the times. Watches reflect trends in jewelry design that may not last long.

Take for instance watch faces of the 1980s. When these watches are no longer trendy, they’re perfect pieces to sell. Regardless of fad, they’re often well-made and retain their value.

Necklaces

Like watches, necklaces are also indicative of fashion trends,
which make them popular for resale. They also often fall victim to damage because of delicate fasteners. This is no matter to jewelers who may end up melting it down into bullion bars. As long as you have a necklace made from quality metals, you’ll find success in selling it.

Bracelets

Much like necklaces, bracelets are sellable whether they’re
functional or not. This makes them a great asset to have when it comes to
selling your jewelry. Bracelets are also high in demand because they can be
resold easily – if they’re in good condition – or melted down to create bullion
bars or gold coins.

Rings

Aside from the typical story of newly-single women pawning
their wedding ring, rings of all kinds are great pieces to sell. Gold rings,
diamond rings, and even platinum rings fetch a pretty penny with the right
jeweler. Just be sure it doesn’t have any significance because it’ll be resold
in no time.

Whether you have one or more of these pieces of jewelry in
your jewelry box, you’ll most likely be able to make a quick buck. It’s worth
evaluating what pieces sell better than others to make sure you get the most
from your jewelry selling experience. After all, once the piece is sold, you’re
most likely never going to see it again.

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Posted in Estate Jewelry, Forest Hills, Pawn, Sell Watches, Selling Diamonds, Selling Gold, selling jewelry, Selling Platinum, Selling Silver, Uncategorized | No Comments »

Today’s Gold Price? There’s an App for That

By Adam on December 24th, 2011

Today's Gold PricesGold investors and tech junkies, you are officially on notice! Don’t worry, it’s a good thing. If you are constantly checking the price of gold, but are often out and about and would appreciate the convenience of quickly and easily pulling it up on your smart phone, there are a few companies out there who have a solution for you.

For those with iPhones and other iOS devices like the iPad and iPod touch, there are a number of apps in the iTunes store that can help you get your gold price fix on the go. Located in the Finance category, one of the most popular is called “Gold Price Live,” brought to you by the people of Goldprice.org. Don’t worry, Android users, they have one for you too, which you can find in the Android Marketplace.

These apps all have some of the same features, so it’s best to search around and experiment with which one you like best. The main features of gold price apps include:

  • Live gold and silver prices in many national currencies.
  • Frequent refresh so you know the latest gold prices as they are updated.
  • History charts for silver and gold prices, so that you can see how the prices have changed over time.
  • Price comparisons so you can get the best deal when buying gold or silver.
  • The ability to contact gold dealers from within the app.
  • Some offer news and commentary specifically related to gold investing.

So if you love buying and selling gold when you’re out on the town, keep one of these handy gold and silver price apps around for convenient access to the current prices. They are certainly worth more than their weight in gold!

Image courtesy hto2008 on Flickr.

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All That Glitters Is Not Gold

By Adam on December 11th, 2011

We Buy Gold NYYou might have heard the phrase, “all that glitters is not gold”. It isn’t clear where exactly that phrase originated, but what is clear is that a truer phrase was never spoken. Many items that you think would be extremely valuable, appearing to be real and solid gold, turn out to be anything but. Gold jewelry, rings, watches, and other gold items might simply be gold plated, which makes them not very valuable. Another important thing to note is that even if a gold item does actually contain a significant amount of gold, that gold may vary dramatically in quality from piece to piece.

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All I Want For Christmas…is Cash!

By Adam on December 10th, 2011

cash for silverMaybe you’re really looking forward to Christmas: time with friends and family, great food, gifts, and just the general holiday good cheer. But maybe this year you’re a little stressed about money as you approach the Christmas season, wondering where you’re going to come up with the extra cash you need for presents and travel. We want you to know that unlike other businesses, who are out to take your money this holiday season, we’re the opposite: we’re here to give you cash!

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Selling Your Gold – Don’t Get Ripped Off!

By Kristina on December 8th, 2011

Today’s gold market may be described as the next big gold rush, and for good reason! With the price of gold being at its highest in years, many people are cashing in at a desirable rate. However, with this anticipated traffic comes a higher risk of swindle. Just taking your gold coins or jewelry to a pawnshop or jewelry store doesn’t necessarily guarantee a big pay off.  In fact, a lot of pawn shops are in the gold buying business temporarily, taking advantage of the spike in the gold market. These appraisers are in the business to make a profit, and may not be honest about the true value of your treasures.

Selling Your Gold Jewelry

Instead of blindly selling gold to the closest jewelry store and most likely getting ripped off, do your homework! You can abide by a few simple steps to make sure you realize the potential value of your gold pieces. These tips will help you sell your jewelry at the highest possible pay out!

Compare Prices: Like anything else you buy or sell, comparing prices is the best way to find the ballpark value of your gold. Getting a second and even a third opinion from a certified appraiser will allow you to see the difference in the quotes given. If they vary wildly, you may find it possible that one or more of the brokers may be hiding the true value of your jewelry. You may also want to work with an appraiser who determines the price of your item on its own merit and doesn’t simply quote you a set percentage.

Check the Ratings: It may seem easy to over look this tip, but it makes all the difference and it’s relatively easy. Before you decide to sell your gold, contact the Better Business Bureau about some of the local pawnshops, gold buying stores and jewelry stores in your area. The BBB can give you ratings and alert you about anything suspicious about the performance of the store in question. They can also give you an idea of how long the store has been in business and whether any complaints have been filed.

Question Their Method: Gold selling may seem like a science, but doing your research can give you a better understanding of how appraisers rate the value of your prized possessions. Some dealers may even weigh different karats together, which can devalue your items. In essence, they combine your jewels and give you the lowest karat value. Others determine the pay out by gram as opposed to ounces, which can also skew the value.

Simply stated, when you’re looking around for an appraisal, make sure you find one that is trustworthy. The Better Business Bureau suggests finding a local shop that you trust to sell your gold, perhaps a reputable jewelry store. If anything, you want to be sure to find a licensed appraiser. Working with pawnbrokers will certainly guarantee that you won’t be as susceptible to a scam. The one downside to that is they will know the real worth of your valuables and may give you even less payout than a broker with less knowledge.

Educating yourself on the rules of the game and the terms of service when it comes to selling your jewelry will ultimately guard you against becoming a scam victim. With so many gold buyers out there these days that are looking to make a quick buck, you can very well lose your valuables at a fraction of their true value. So stay sharp and ask around. The power of knowledge is something that you can literally bank on when it comes to selling your jewelry.

 

Author Bio: Kristina is an author of all things gold. She loves writing about topics in the gold market as well as selling jewelry.

 

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World’s Largest Diamonds Part II

By Caroline on December 1st, 2011

We’ve looked at 5 of the world’s largest diamonds, now we’ll look at the last 5; the biggest, most prized diamonds on the list.

5. The Great Mogul Diamond: At 780 carats uncut, this diamond has been lost to history. The cut diamond was reported to be 280 carats. Many believe that this diamond was turned in to the famous Orlov diamond (number 10 on our previous list), and re-cut so as to be unrecognizable.

4. The Spirit of Grisogono Diamond: the world’s largest cut black diamond. Uncut, it was approximately 587 carats. It was found in Africa and taken back to Switzerland by jeweler De Grisogono. The diamond was cut into its current mogul-shape and placed into a white gold ring. It currently weighs 312.24 carats, and is surrounded by 702 smaller diamonds, totaling 39.69 carats.

3. The Nizam Diamond: Very little is known about this diamond aside from it’s origins, carats, and estimated value. It was found in the Kollur Mines of India and said to weigh 340 carats. The diamond was an almond shape and if had not been lost to history, would be estimated today at around $5 million.

2. The Incomparable Diamond: This amazing brown diamond was found by a little girl playing in rubble outside of her uncle’s house in Zaire (now the Democratic Republic of Congo) in the 1980′s. In it’s rough state, the diamond weighed 890 carats. After being purchased by De Beers, the diamond was cut into a 407 carat, oddly shaped almond and placed in a gold stand. 14 smaller fragments were taken as well, the largest being 15 carats. It has been put up for auction several times, including once in Nov. 2002 on eBay for $15 million. Louis Glick is said to own the diamond today.

1. The Golden Jubilee Diamond: The largest diamond ever cut. It’s uncut weight was 755.5 carats, when found in the Premier Mines of South Africa in 1985. As a brown diamond, it was considered ugly by some and was given to De Beers to be used to test new experimental diamond cutting tools. The result was a stunning cushion shaped brown diamond. It has been blessed by John Paul II, the Supreme Bhuddist Patriarch, and the Supreme Imam while in Thailand. It was named by and given to  King Bhumibol Adulyadej for his 50th coronation anniversary. It has traveled the world on exhibit, but currently resides in the Royal Thai palace as part of the Crown Jewels.

Presumably, you don’t own any diamonds in your jewelry box that are this large. If you do, well, let’s just say I’m impressed. But, if you do own any diamonds that you might like to sell, or are interested in a chance to sell gold, check out my friends at NyGoldCashers.com. Happy Hunting!

Image: Idea go / FreeDigitalPhotos.net

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Black Friday 2011: Selling Gold for Cash

By Adam on November 13th, 2011

Sell Gold It’s that time of year again: time to stuff yourself with turkey, watch football, and get to bed early (or not at all). You know what I’m talking about. Black Friday 2011 will be quickly upon us. It’s the time to get the best deals on everything for everyone on your Christmas list. But if you’re like many people, the issue isn’t so much the standing in line for hours, stampeding shoppers, or getting up before the crack of dawn. The issue for many is a lack of cash for this all-important shopping ritual. What’s a person to do?

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Veterans Day and Gold Wedding Rings

By Caroline on November 11th, 2011

Sell Gold70 years ago, the United States entered arguably the greatest war this world has ever seen. On this date, November 11, 2011, a date that won’t be seen for another thousand years, we take the time to celebrate and thank the veterans who have contributed to the safety of our country. But did you know that the boys who fought in WWII also made an extremely important contribution to the modern day wedding?

We’ve heard the countless stories of war brides and couples that got married not knowing if, or when they would ever see one another again. This happens in the event of most wars, and WWII was no exception. Up until WWII though, it was customary for only the woman to wear a wedding band. There were some cultures that included a dual ring exchange, but not many.

On the battlefields of France and Germany, the boys overseas longed for a constant reminder of their loved ones back home; something more than a picture and the memory of a smile. And should they be killed on the battlefield, they wanted a way to tell others that someone waited for them back home. Thus, the need for dual ring exchange began.

Due to excellent marketing by jewelry companies during this time, men wearing rings became the norm. The rings were generally made of gold, which jewelers pushed as a part of supporting the war effort. “Buy war bonds” was a popular slogan at the time, but just as important was the idea that we should buy gold in an effort to support the men who were leaving wives and families behind.

Now, the soldiers leaving for death and Nazis instead of their honeymoons had a way to constantly remember their sweethearts back home. A tangible symbol to others of the commitment to the woman who waited for them back home. Sadly, there were many times that the only thing to be sent home to that pining wife were dog tags and a wedding band.

We can’t say for certain whether it was the soldiers, the jewelers at the time, or both that started the trend in the dual wedding band exchange, but we do know that it started in America and took Europe by storm both during the war and afterward.

So this Veteran’s Day, be sure to thank a veteran for their service. Not only those who have served and fought overseas, but also those who have protected us on the homefront as well. And the next time your thumb reaches across to fiddle with your wedding band, let it act as a constant reminder of the the men and boys who fought overseas during WWII and send up a little thank you to them as well.

Photo courtesy of Wheelz24 via flickr

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Buying Gold Jewelry: Know Your Gold

By Emily on October 19th, 2011

We buy gold jewelry. From ancient kings to pirates to modern day women and men, it is safe to say that everyone loves gold.  One of the main reasons for the interest in gold is its versatility and the seemingly infinite variations possible.  Gold is one of the most favored selections for wedding rings, earrings, bracelets, necklaces, etc.  Because gold is so common and incredibly multifaceted, it is important to keep in mind when buying or selling gold that not all gold is made equal! (more…)

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How much is Your Gold Really Worth?

By admin on May 5th, 2011

All of the news  articles about the high price of precious undoubtedly have many people wondering how much their gold items are worth. Unfortunately, almost none of the gold objects in your home will fetch the price for gold you see in the newspapers or online.

The reason for this is that are different grades of gold which are determined by karats. This grading system is based upon the purity level or the gold content of the items. Most jewelry is made of fairly low grade gold that is not worth as much as the high grade stuff. The prices in the newspapers are for high grade gold which is traded upon commodities exchange.

Almost any gold you have in your home probably isn’t the same grade as that being traded. Most jewelry is made of a lower karat gold, as are objects like medallions, watches and trophies. Therefore you should never be surprised when a gold buyer gives you a lower price for whatever you are trying to sell.

Gold is Still Worth Big Money
Even though it won’t fetch the high prices that you see in the newspapers, your gold coins, jewelry and other objects could still be worth a lot of money. Even the lowest grade gold is still worth several hundred dollars an ounce.

This means that if the objects are actually made of gold you should be able to get a really good price for them. You probably won’t get enough to pay off the mortgage or buy a new car by selling Aunt Ethel’s jewelry but there is a good chance that you’ll be able to use the proceeds to pay a few bills or go out for a nice dinner.

How to Determine What Your Gold is worth
There is only one way to determine how much your gold is worth. This is to take it to a professional jeweler or gold buyer. These people work at local businesses such as pawnshops and jewelry stores.

There are also a number of national gold-buying companies. The ones based in New York are the most reputable and will give you the highest dollar for your items. Those in other cities can give you a good price as well.

It is also possible to send your items in to be examined and graded by professionals. This is usually done by shipping the items to the jewelers in an insured envelope.

A good piece of advice is to have your items graded by more than one professional. That way you can find out if the estimates you received were accurate or not.

All of the news articles about the high price of precious undoubtedly have many people wondering how much their gold items are worth. Unfortunately, almost none of the gold objects in your home will fetch the price for gold you see in the newspapers or online.

The reason for this is that are different grades of gold which are determined by karats. This grading system is based upon the purity level or the gold content of the items. Most jewelry is made of fairly low grade gold that is not worth as much as the high grade stuff. The prices in the newspapers are for high grade gold which is traded upon commodities exchange.

Almost any gold you have in your home probably isn’t the same grade as that being traded. Most jewelry is made of a lower karat gold, as are objects like medallions, watches and trophies. Therefore you should never be surprised when a gold buyer gives you a lower price for whatever you are trying to sell.

Gold is Still Worth Big Money

Even though it won’t fetch the high prices that you see in the newspapers, your gold coins, jewelry and other objects could still be worth a lot of money. Even the lowest grade gold is still worth several hundred dollars an ounce.

This means that if the objects are actually made of gold you should be able to get a really good price for them. You probably won’t get enough to pay off the mortgage or buy a new car by selling Aunt Ethel’s jewelry but there is a good chance that you’ll be able to use the proceeds to pay a few bills or go out for a nice dinner.

How to Determine What Your Gold is worth

There is only one way to determine how much your gold is worth. This is to take it to a professional jeweler or gold buyer. These people work at local businesses such as pawnshops and jewelry stores.

There are also a number of national gold-buying companies. The ones based in New York are the most reputable and will give you the highest dollar for your items. Those in other cities can give you a good price as well.

It is also possible to send your items in to be examined and graded by professionals. This is usually done by shipping the items to the jewelers in an insured envelope.

A good piece of advice is to have your items graded by more than one professional. That way you can find out if the estimates you received were accurate or not.

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As a family that has earned an outstanding reputation in the jewelry business over the last 75 years, we are committed to the highest ethical standards and practices when it comes to buying your gold. We are members of the Jewelers Vigilance Committee, the industry’s hallmark for ethics and integrity, and are committed to bringing honesty and integrity to each and every transaction. Our scales are certified and calibrated by the state of New York, we are licensed and insured to trade gold, and we test your gold right in front of you in a safe and friendly environment. When selling your gold, demand the highest standard in the industry: The Gold Standard.

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