If you want to sell your gold there are two things you can do. You can try to resell it by putting it on eBay and you can expect to get back about 50% of the price paid.
But if you have old, dated jewelry like a class ring or one earring – things with little resale value – your best bet is to sell it for scrap. But there are several ways you can do that – take to a local buyer or sell it to one of those mail-order companies.
You see them on TV. But you can’t help but be skeptical. Are those gold buyers reputable? Would they give me a good price? And is it safe?
It’s convenient, but mail order businesses can short-change their customers. People commonly complain that companies claim they never received their gold or by the time customers received their check, the grace period had expired and their gold had already been melted down.
If you have gold you want to sell, the best thing to do is to go some place local, where you can walk into the store, show the buyer your gold, and if you don’t like the price, you turn around and walk out of the store. When you shop locally, you really aren’t at risk for losing anything.
If possible, its a good idea to separate your 10-carat gold from your 14 or 18-carat gold, so you have a working knowledge of what you’re dealing with.
No matter which method you choose, don’t let them confuse you. Have all buyers calculate the price per gram they’re willing to pay you. That way you’ll have a standard rate that you can compare between buyers.