If you have Gold Refinery that’s been sitting around in a drawer or jewelry box, it might be time to cash in on some of your assets. Whether you’re looking for a way to make some extra money or reduce your taxes, selling your jewelry can be an easy way to get some quick cash on the side. But where do you start? How much does scrap gold cost these days? What about raw materials and refining services? If this is all new territory for you, here are some tips and tricks so you’ll know exactly what to expect before heading out into the world:
The only way to know the exact value of your gold is to find a reputable precious metal refiner.
The only way to know the exact value of your Gold Refiner is to find a reputable precious metal refiner. A reputable precious metal refiner will give you an accurate quote for your gold, allowing you to maximize profits from selling your items.
The best place to get an accurate quote is from a reputable precious metal refiner, such as Gold N Bullion or APMEX, who have been around since 1979 and 1976 respectively.
You can sell your used or broken jewelry in person at a local store, but you may be able to get more money if you sell online.
You can sell your used or broken jewelry in person at a local store, but you may be able to get more money if you sell online.
If you have old gold jewelry that’s been sitting around for years, there are plenty of places where you can sell it for cash. You might want to try selling on eBay or Amazon (or other similar sites), or consider selling directly from the comfort of your home with sites like Etsy and Craigslist.
Check out this list of places that buy gold and silver online, along with their minimum requirements and policies.
- Gold.com: This website has been around since 1999 and is a trusted source for information on gold and silver investing. They also have a wide range of products, including coins, bars and jewelry.
- Cash4Gold: This company has been in business since 2001, but it’s best known as the home of “Cash 4 Gold,” which aired on TLC from 2009-2013. It’s now owned by 1-800-GOT-JUNK? Inc., so you may recognize some familiar faces if you’ve seen their TV commercials before!
- American Precious Metals Exchange: APMEX operates out of Oklahoma City but ships nationwide; they offer competitive prices on all kinds of precious metals products (including coins). Their customer service is excellent–you can call them anytime with questions about how much your items are worth or what type would be best suited for your needs!
- GoldSilver: This site offers live quotes on both gold and silver prices so that customers know exactly what they’re paying before making any purchases.”
How Does the Gold Refining Process Work?
The first step in the gold refining process is melting down the raw material in a furnace. This melts all of the gold, as well as other elements that may be present in your piece of jewelry or scrap metal. The molten liquid is then separated into its component parts through a series of filters and centrifuges (a type of spinning machine).
The resulting liquid contains mostly pure gold along with small amounts of other metals like silver, copper and platinum depending on what you are refining. The remaining impurities are removed via chemical processes such as electrowinning or ion-exchange; they’re then discarded or recycled elsewhere (depending on what they’re made from).
Once all this is done, what remains at the bottom of your vat? You guessed it: pure 24 karat gold ready for casting into bars or coins!
Research local gold refineries
Before you sell your gold, it’s a good idea to do some research. A lot of people don’t know that there are local refineries in their area that will pay cash for scrap jewelry and broken pieces of gold. You can find out where these refineries are by either asking around or searching online.
You should also try to find out if the refinery accepts old pieces of jewelry–this is especially important if you have an older piece with sentimental value that has been sitting around in your closet for years because it was too small or didn’t fit anymore (or maybe just wasn’t cute). If you’re lucky enough to stumble upon such a place, then this could be an opportunity for them to make money off their investment!
Know how much your jewelry is worth
To know if your jewelry is worth selling, it’s important to understand the value of gold. Gold is a precious metal and therefore worth more than other metals. When determining how much your gold jewelry is worth, there are two factors at play: weight and karat.
Gold’s price per ounce varies depending on its purity level (or “karat”). The higher the karat number on any given piece of jewelry, the more valuable it will be–but only if it has an acceptable weight as well! The current standard in America is 24k (24/24). Anything less than that may not fetch as much money if sold through reputable dealers or pawn shops like ours here at Gold Rush Pawnbrokers in Denver, CO
Bring in only what you can donate
If you want to maximize your profits, bring in only what you can donate.
This means that if you have a piece of jewelry that is not gold or silver, don’t bring it in. It also means that if the item is not considered “jewelry,” don’t bring it in either (think necklaces, bracelets and rings). The reason for this is simple: these items do not have any value as scrap metal because they are not made out of precious metals. If an appraiser determines that your item isn’t worth anything at all (for example, if it’s made out of plastic), then there won’t be any profit for either party involved–and this scenario could cost both parties time and money!
Be prepared to make a donation
The most common way to donate gold is by selling it to a refiner. The refiner will melt the gold into bars, which they sell at a profit. You will receive a receipt for the donation that you can use for tax purposes.
If your jewelry contains diamonds, sapphires or other gems and stones, there are additional options available: you can sell them separately from your gold pieces; donate them directly through an organization like Goodwill; or get cash back on their value at places like Walmart and Target stores (this option requires that they be appraised first).
Set up a free pick-up or make an appointment
The first thing you should do is contact the refinery and find out how long it will take to process your gold. Ask about their payment policy and whether they will pay by check or cash. Also, find out if they will give you a receipt for your transaction. Finally, ask about their refund policy in case something goes wrong with your order (for example: if there’s an error on their end).
Conclusion
You can sell your gold in any number of ways, but one thing is for sure: you should never sell it without knowing its value first. You don’t want to get ripped off by an unscrupulous buyer who won’t give you what your jewelry deserves! That’s why we recommend finding a reputable refiner who will appraise your items before they buy them from you. If this sounds like something that could help with your next sale, then contact us today at [phone number]. We’ll be happy to answer any questions and provide more information about our services – including free pick-ups!