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7 Tips for Getting Easy Cash for Gold Jewelry

January 3, 2018



Have you looked inside your jewelry box lately? You might have a great source of cash laying around in the form of unwanted gold jewelry. There are many reasons that might make you ready to sell your jewelry. Some pieces may have a broken clasp or chain. Or, you may find that piece from an old boyfriend, and you really don’t want to be reminded. Or, perhaps your tastes have simply changed from a few years ago. Whatever the case, if you’ve ever wondered where to sell jewelry for cash in Somerville, NJ, here are a few tips to help you get the best deal.

 #1 Shop Around


It’s typical to shop for the best deal when you’re buying something, especially items of higher value. You should do the same thing when trying to sell something of value such as gold jewelry. Don’t take the first offer before you inquire with at least a couple other potential buyers.  


#2 Ask for Counter Offers


Let’s say you get different offers from three potential buyers. You could contact the bidders offering lower amounts and see if they will beat the highest bidder. Then, allow the original highest bidder to beat the new offers. You can continue this practice until reaching a final highest bidder. 



#3 Negotiate


If you don’t want to negotiate with multiple buyers, you should at least negotiate with one buyer. Make a counteroffer to see how the buyer responds. Buyers of gold jewelry are in it to make money, so many buyers may offer a low-ball bid. When you make a counteroffer, the worst that can happen is being told that the original offer is the final offer. But, until you ask, you never know.


#4 Market Value


The market value of gold changes on a daily basis. Before you go sell, check out the current market value in both ounces and grams so that you're prepared with that knowledge. Information will make you a stronger negotiator.


#5 Sell Now or Wait


How eager are you to sell your gold jewelry? Although this strategy is a gamble, you might want to base your decision to sell on the health of the economy. The value of gold tends to rise when the economy is shaky, and it falls when the economy is robust. Depending on how you think the economy will fare, you might want to sell now or wait for a better time.


#6 Online Research


Doing some online research before contacting buyers is a smart move. You can do it from the comfort of your home to equip yourself with knowledge for better negotiations. Plus, you can look into whether your jewelry has any special collectible value.


#7 Gemstones


Many buyers of jewelry will primarily be interested in the gold content, but you should also consider diamonds and other gemstones. You don’t want to give away the value of precious stones for nothing.


Get the Most Cash When Selling Gold Jewelry


If you’ve ever wondered how to sell my jewelry for cash in Somerville, NJ, you should do some research to make sure you maximize its value. The amount of cash you get for your jewelry will vary depending on your approach to the sale. You’ll want to play it smart and get the most cash possible.

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