Gold Jewelry Buyers Pay Cash

Answer 1

Gold jewelry buyers pay cash for unwanted, old or broken gold jewelry. This is sometimes called scrap gold, and there are many scrap gold buyers in neighborhoods and online. The price is pegged to the daily spot gold prices, minus a discount for the dealer.

Sellers need to know that the gold jewelry buyers must resell the gold and make a profit, so they cannot offer the full daily price on the market that day for gold. However, if the seller has old, broken jewelry just lying around collecting dust, it is better to sell that scrap gold off for some real cash money.

To sell scrap gold, first it is necessary to find a buyer of gold jewelry. There are many places to try, even right in the neighborhood. The local pawn shop often will purchase gold and silver in any form. They will offer a discounted price because even if the jewelry is good and they try to resell it, the jewelry may sit around for a long time before they get their money back and make a profit. There may also be some individual stores that are not pawn shops but only buy and sell scrap metal.

Other buyers of gold are all over the internet. The way these buyers work is that the seller requests a sell my gold package. The buyer will mail out a return envelope to the seller. The seller then puts whatever old gold jewelry they want to sell inside the return bag, seals it up and mails the package back to the buyer. The buyer will weigh the gold, calculate actual gold content and offer the seller a price. At this point, the seller has the option to have the items returned or to sell them at that price. If they decide to sell to the buyer, the buyer will immediately mail them a check for the agreed upon amount.

Selling gold jewelry is a good thing because something unused and unwanted is converted into usable cash for the seller. It is a good way to dig up some extra income around the house.