Recent "QPWX National News" article
Selling Used Gold Jewelry
Selling used gold jewelry is not like selling used clothing, used electronic equipment, or even selling used cars. While selling each of these other things may get you some residual value for being second hand, worn, less-than-perfect, or aged, you will never get full value for these types of things because they are not worth as much to somebody used as they would be if they were new.
Gold is a completely different story altogether. Gold is gold. Used or new, gold, by virtue of the fact that it is one of the precious metals of the world, maintains its own intrinsic, universally accepted value, regardless of how many hands of ownership have changed over it, how old or how new it is, what shape it is in, or what condition it is in.
Now everything you just read above is true about gold itself, when traded for what it is, through a medium of exchange that deals specifically with the raw gold material itself. Of course, selling gold jewelry at retail to a jewelry store or a pawn shop is an entirely different matter. These types of shops look at the finished, composite product: the necklace, the ear ring, the wedding band, the bracelet, or whatever it is.
So if you want to get an accurate assessment of the value of your gold, and you are interested in selling used gold jewelry for the maximum possible price that you can get out of it, rather than being ripped off by one of these retail or pawn shop bandits, your best bet is to sell your gold directly to a wholesale gold refinery. A refinery is a facility that takes gold, refines and processes it, and produces raw gold for wholesale distribution to other companies. A refinery is not in the business of crafting gold jewelry or gold ornaments.
So if you want to reap the maximum profit off of your investment, then you should be selling used gold jewelry to one of these refineries directly instead.
Many such refineries are even set up to buy your gold from you directly over the Internet. Since gold is a finite resource in the world, it doesn't pay for a refinery to only buy gold from people who are able to drive in from the local area to sell it. The Internet opens up the playing field to a nationwide or even global outreach. You submit your request to ship your gold directly online, they will send you pre-postage-paid packaging, and then ship your jewelry to them right in that packaging, free of charge. Once the refinery has received your jewelry, they will weigh it and inspect it for its weight and its purity. Based on that, they will issue you a quote by e-mail. If you accept the quote, they will remit you a check. If you don't like it (which is unlikely considering that they can usually get you the best price compared to other places, usually on the order of about three hundred percent more), they will simply ship your gold jewelry back to you,free of charge. Selling used gold jewelry doesn't get any simpler than this!
See the Fox News special report on just how lucrative selling used gold jewelry can be.