About Me

Learning More About Savings

Hello, I’m Miranda West. I would like to use this site to help others build an adequate savings account. Most people do not have enough money in their savings accounts to cover emergency repairs or other expenses that unexpectedly arise. Without a savings account, you may be at the mercy of your employer, which can have a negative effect on upward mobility. I will cover popular savings techniques you can use to start building your nest egg. I will also talk about ways to reduce spending so you can dedicate more to your savings. Thank you for coming to my website.


Learning More About Savings

Considering Selling Your Gold Jewelry? What You Should Know

by Ralph Ford

One way that many people opt to make quick money when times are tight is to sell their gold jewelry and other gold items. Gold retains value very well, making it a great investment that you can get a good return on. If you have jewelry that is pure gold, you could easily turn that jewelry into some fast cash. However, there are a few things that you need to know before you look to sell the gold that you have.

Do You Have The Receipts?

The first thing you need to figure out is whether or not you have the receipts for any jewelry pieces that you are planning to sell. Many gold buyers will ask for them as proof that you own the pieces. You should also have documentation of any insurance coverage that you may have on each piece. All of these things can serve as evidence of your ownership.

The invoice or receipt is also helpful for providing documentation of the purity and quality of the piece. Whether you're selling it back to the company you bought it from or you are selling it to a third party, having this information can help ensure that you get the value of the piece when you sell it.

Has It Been Appraised?

Another thing you need to consider is whether or not you have had the piece appraised at any point. An appraisal can go a long way toward supporting your negotiations and ensuring that you get what the gold is worth. 

Keep in mind, however, that you will not get the appraised value of the piece when you sell it. You will get the private sale value if you sell the piece for the jewelry that it is, or you will get the gold weight value if you sell it for the gold. 

Does It Have A Purity Rating?

Especially if you are selling a piece for the gold weight, you need to consider whether or not the piece has a purity rating. Usually stamped somewhere on the piece itself, the purity rating declares how pure the gold content is. For example, if the gold is stamped with the numbers 900, it means that the gold in the piece contains 90 percent pure gold. This helps to authenticate the value of the piece, and you're more likely to sell the piece than if you have something that isn't stamped.

For more information or to sell gold, contact a gold buyer.