| Worldwide gold prices change constantly and the | | | | When you consider these four points, it is clear that |
| cash value of your used gold jewelry is directly tied | | | | the only way to get the highest cash price for gold is |
| to this international market. When you decide to sell | | | | to shop around, preferably on the same day. This is |
| your old jewelry for cash to a local gold buyer, or | | | | one of the main reasons why selling gold by mail is a |
| through the mail if you are selling to one of the many | | | | problem. Once you send your jewelry off to one of |
| buyers who advertise "cash for gold" on TV or the | | | | those companies that advertise "cash for gold" on |
| Internet, keep in mind that each buyer will offer you | | | | national TV or the Internet, you'll never know if |
| a different price. Some gold buyers will offer a fair | | | | you're getting a fair and high cash price for your |
| cash price for yourjewelry, some will not. The only | | | | jewelry because you cannot compare it to other |
| way to protect yourself in this "buyer beware" | | | | cash offers from buyers on the same day. |
| market is to understand four basic principals of | | | | Local gold buyers typically pay more for gold jewelry |
| buying and selling used gold jewelry. | | | | because they do not have to finance national TV |
| | | | advertising budgets. |
| 1. The value of your gold jewelry is based on the | | | | Bottom line: If you want the highest cash offer for |
| purity, the weight and the current gold prices | | | | your gold jewelry, take your time, educate yourself |
| 2. Gold buyers in this economy do not buy gold | | | | about the gold buying and selling business, and |
| jewelry to resell, they buy it to melt down, so there | | | | compare the cash offers from several reputable |
| is no value in craftsmanship or artistry of the jewelry | | | | buyers in your local area. If you do decide to send |
| you want to sell (unless you have rare antique | | | | your gold through the mail to an out-of-state buyer |
| jewelry with proven demand from collectors) | | | | make sure you 1) get one or more local offers from |
| 3. The cash price a gold buyer offers you when you | | | | licensed gold buyers first, and 2) be willing to play |
| sell jewelry may change daily | | | | hardball and demand that the buyer return your gold |
| 4. If you visit multiple gold buyers on the same day, | | | | if their price does not seem fair compared to the |
| with the same jewelry, you will get different cash for | | | | cash offers you received from local gold buyers. |
| offers, and they will probably vary dramatically | | | | |