Tips for getting the right value for your gold jewelry in Melbourne

jewelry

(© Piman Khrutmuang – stock.adobe.com)

Have you got some gold jewelry you’d love to put on sale? Are you scared about whether or not you’ll be able to get the right value for your valued property? Trust me; you’re not alone. Many Melbourne gold owners today often end up selling their cherished assets for prices lower than their actual values, not because they find it exciting getting less than what they expect, but mainly because many of them don’t even know the right way to go about their gold sale.

Although there are still some reputable gold buyers in the region of Melbourne today, like the Gold Buyers Melbourne, who are ever willing and ready to buy gold from owners at fitting prices, selling your gold jewelry shouldn’t be a decision you take in a rush. So, before you set out to sell your gold jewelry, be sure to follow these simple tips, so that you can get back in cash the actual value of your prized-asset.

Never act on impulse

Even if there is a great chance for you to get a healthy sum for some of your jewelry pieces, always make sure that you don’t act on impulse. The prospect of getting a higher price for a jewelry piece you bought for lesser can be too tempting to decline, but sometimes, the emotional value of a gold jewelry can outweigh the price that you’ll receive from the sale. In fact, if possible, the ideal pieces of jewelry to consider are broken items, earrings with a missing pair, outdated items with no emotional attachment, and lots more.

Get your jewelry appraised

Did you know that most gold buyers, including the Gold Buyers Melbourne, buy gold by weight? What do I mean by this? Gold buyers only buy the gold metal you’re presenting and not the designer on it, which means that there is every possibility for you to get paid a price that’s actually less than the true worth of your jewelry. To prevent this possibility, you should always have your antique or intricate jewelry appraised before you sell it to a buyer that pays by weight. If you’re lucky enough to be selling a designer or antique jewelry, the chances are that the jewelry could be worth more to sell as a finished piece than for its gold metal only.

Know what you have

Don’t get it twisted; gold jewelry is rarely made from 100% pure gold. In fact, most jewelry you’ll find in the Melbourne area today is 10-, 14-, or 18-karat gold that is comprised of gold and other alloys. What this means is that the higher the karat your gold carries, the greater the value. However, it’s not uncommon to find many gold owners unaware of the karat number of their gold. So, before you decide to sell your jewelry, be sure to know what karat your gold is. This is important because the buyer will only pay you for the gold constituent of your jewelry, and when you don’t even know what this is, it becomes impossible for you to realize whether your prized jewelry has been undervalued or well-priced.

Work with a reputable buyer

In the times past, selling gold means that you have to visit gold stores and shops to find the right buyers for your assets. But thanks to the internet today, you can now put your gold out for sale online. However, this creates a major hurdle in the gold transaction world. Without proper caution, sellers could end up being scammed, cheated, or under-priced. To prevent this from happening to you, you should always check whether the business you intend dealing with has the right license to buy gold jewelry in Melbourne. I, for one, recommend Gold Buyers Melbourne to you; they are highly reputable in the region of Melbourne, and they are well-renowned for their ability to stick with the ethical standards of the trade.

Shop around

Like every form of trade, gold-selling shouldn’t be limited to one company. If you’re willing to shop around for buyers, chances are you’ll receive varying offers, from which you can make a decision on which offer represents the right value, in your opinion.

Know the price of gold

There is no better way to prepare yourself for the selling process than to equip yourself with the right info about the gold market. Go online to check the current prices of gold, or you can even ask from some of your friends who are well-informed about the market. By and large, keep up with the prices of gold as much as you can. Although the prices you find may not be the price you get for your gold jewelry, at least, it gives you an insight into what to expect when you’re about to sell, and it also serves as a reference point when comparing multiple offers.

The content is created by Uday Tank, CEO of Rankwisely.com.

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