Should You Sell Gold Jewelry Today?

As gold prices tend to go up when the economy is doing badly, gold prices have gone up around 70% over the last two years. While the prices have gone done a bit after reaching record highs, it's still an excellent time for selling gold jewelry you have sitting around at home. Because gold can be recycled and reused again and again, you can get cash for gold jewelry, dental gold, trinkets and more.

You have many options today when you sell gold. You can use a jeweler, a scrap gold buyer or a gold refiner, who will offer you a price that's based on the purity of the gold and its weight.

Your jewelry will probably be melted down and the gold extracted, which can be turned into new, more fashionable jewelry. If you take your items to gold and diamond buyers, you may even choose to trade in your old jewelry for something you like.

Because the price is based on the purity and your old jewelry will be melted down, it's important to know the gold content when you sell gold jewelry. Gold content is indicated in karats, with 24 karat gold being solid and pure.

Lesser jewelry, such as 14k or 18k, will be worth less because it has other metals mixed in. Gold buyers will only pay you for the gold content, not for filler or hardening agents. Most jewelry will be marked somewhere to tell you the purity. Rings usually have a karat stamp on the inside, while necklaces and bracelets usually have a stamp on the clasp.

Because of the high price of gold today, it's probably the best time to go through your old jewelry boxes and drawers to find items you no longer want. Whether they're broken, out dated or unattractive, selling gold jewelry can net you a substantial amount of money.

Along with outdated jewelry from a deceased family member, heavy gold chains from the 1970's also fetch a great price because they were created when gold prices were low and are usually worth thousands today.

Visit http://www.SouthFloridaJewelryBuyers.com today to sell your jewelry in miami or if you want to sell your gold in palm beach then they can help you as well.