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How to Sell Gold Jewelry for Cash

November 10, 2017


Like many people these days, you may need some extra spending cash. A good place to start is by digging in that old jewelry box for old, unused items. The question is, where should you sell your goods, a pawn shop or gold buyer? Here are some handy tips for what look for when searching for the best place to sell gold jewelry for cash in Somerville, NJ.


Temper Expectations


For many, the idea of selling gold and jewelry conjures images of big bucks. Before getting too excited, know that, although some pieces may make for a good payday, average ones many times will not. Another thing to consider is that although you think a gold or diamond is a particular grade, you won't know for sure until you walk into the shop. In addition to the properties of the piece, there are also other considerations, like the demand for the metals or gems at

present. Markets fluctuate constantly and this has an effect on resale value.


Do Research


Before walking into a shop, know what you're dealing with. A simple search on eBay for similar items can give you a good idea of an item’s actual value. Also, even though you have an idea now of what it's worth, you must keep in mind the buyer's cut. If you're concerned that your piece is worth more than they are offering, consider taking it to an appraiser. This will cost more, but if the item is indeed worth it, you'll ultimately come out on top in the long run.


Make It Look Good


Taking tarnished jewelry to a buyer can give the buyer ammunition for offering a lower price. Cleaning the item will most likely obtain a higher price for it. Doing this is relatively easy and usually just takes cleaning supplies you already have in your home. A bit of hot water, everyday dish soap, and a little scrubbing with an old toothbrush can make even the oldest pieces come to life looking sparkly and new. If this doesn't do the trick, try scrubbing with a mixture of baking soda, salt, and dish soap. After you're done, just let the piece dry, and you're good to go.


Pawn or Gold Buyer?


Pawnbrokers, for the most part, are going to give you the lowest prices. It's just the nature of the business. However, they are quick and readily available, so if selling your jewelry fast is a priority, they might be your best choice. Otherwise, your best bet is to find a gold buyer. These guys aren't usually as abundant as pawn shops are, but they many times have a better understanding of what the piece is worth.


If you're wondering where the best places are to sell gold jewelry for cash fast in Somerville, NJ, contact the pros at Corner Cash Exchange.


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(908) 253-3231


138 W. Main St. Somerville NJ, 08876


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