When you’re going through rough times, it’s not a bad idea to check out your inherited jewellery box. But to grab the best rates for your precious yellow metal, where will you turn to – a gold jeweller or pawn shop. Don’t worry, we’ll help you to decide!
Ground Your Expectations
First, it is almost impossible to obtain the market value of the used diamond, gold or any precious metal when you’re selling it to the open market. So unless you have a very strong reason to sell it, never sell the jewellery that’s close to your heart, there’s no profit in it. The actual amount you’ll obtain for your jewellery depends on a lot of different factors including rarity, materials that make up the item, beauty and from where it was purchased initially. And those who are trying to purchase your used jewellery, are doing so to make profits for themselves, so bear that in mind.
Evaluate Your Used Jewellery
You must know the worth of your used jewellery before selling it.
- Try to find out the carat – purity and weight of your gold jewellery, to know how much you can expect per the current market value of gold.
- Secondly, take your used jewellery (of course after cleaning it thoroughly) to pawn shops near you – visit 2 to 3 pawn shops, and you’ll get an idea about the price.
Prepare Your Used Gold Jewellery for Sale
Often when gold or any jewellery is set aside for a long time, it can catch dust all around making it look dull. That’s why, it’s very important to clean your age-old heirloom, be it gold, gem or any other jewellery so that it will look fresh. It is not very difficult to quickly clean your gold jewellery:
- Take some gentle warm water (ensure it is not hot) and some dish soap.
- Apply gentle warm water on the gold jewellery.
- And then apply dish soap and massage all over tenderly.
- Next, using a super-soft bristle toothbrush, tenderly clean the gold jewellery.
- Voila, your used gold jewellery will get shiny again.
However, if your used gold jewellery requires some repairs to make it wearable, then never attempt doing it yourself; instead, take it to a professional who can quickly fix it for a small fee.
Should You Sell Your Gold Jewellery to a Jeweller or Pawnbroker
Well, if you’re not limited by time, then you should visit 2 to 4 gold jeweller who may be near you or at a distance, to know the worth of your used gold jewellery and to get a better deal. Once you have visited 3 to 4 gold jewellers who deals in old and used gold jewellery, then you can sell your used gold jewellery to the one who quotes the highest price.
Nonetheless, if you want to sell gold jewellery in Sydney instantly and that you don’t have enough time, then you need to approach a pawn shop near you. That’s because only a pawn shop or pawnbroker can instantly buy your used jewellery, giving you cash on the spot. Besides, if you don’t want to sell your gold outright, then a pawn shop gives you the option to pawn your used gold jewellery for a quick cash loan.
Final Words
- So now you know how and where to sell your used gold jewellery and get top cash for it!
- If you’re in a hurry and can’t wait, a pawn shop can offer you instant cash for your used gold jewellery, and you have the option to sell or pawn your used gold jewellery to the pawn shop.
Also Read: What Techniques Pawn Shop Use to Ascertain an Item’s Value?
