Best and Sell Gold in San Clemente

Tips to Sell Your Gold jewelry

1. Know the weight of your gold helps determine its value, but keep in mind that jewelers use a different measurement standard called a Troy ounce. U.S. scales will measure 28 grams per ounce, while gold is measured at 31.1 grams per Troy ounce.

2. The Federal Trade Commission requires that all jewelry sold in the U.S. describe a karat fineness of the alloy. For example: 1 karat equals 1/24 of pure gold by weight, therefore, 14 karats would mean the jewelry was 14 parts gold and 10 parts other metals. Always have the karats of your gold confirmed before selling.


3. Call a Gems N’ loans in Dana Point to verify the current market price for gold before you sell. Some dealers know people are just looking for quick cash to put in their pockets and will offer you money for your gold that is lower than the actual value.


4. Being reasonable means keeping in mind that gold parties, often hosted by friends and neighbors, are really more about fun than value. Taking all factors into consideration, sellers at gold parties will likely get between 70 and 80 percent of the real value of their item.