If you have gold jewelry just sitting around the house, you might consider selling it for cash. You can net a great profit and have a pretty stress-free selling process if you take advantage of these tips.

Have Pieces Professionally Appraised

When you start talking to buyers interested in your gold jewelry, you don't want to sell yourself short. Rather, you want to get the most amount of money for your pieces. For this to happen, you should really have your gold jewelry pieces appraised by a professional. It could be a jeweler or just a seller that knows gold jewelry intimately. Once they give you price ranges for your pieces, you'll be able to negotiate better with buyers because you'll know what a fair and realistic price is for each piece. You can then reduce your chances of getting taken advantage of.

Time Your Sale

Since the value of gold can go up with time, it's a good idea to be strategic when you sell gold jewelry pieces. You'll then be able to maximize the return on these pieces and feel better about the transaction you have made overall. There are plenty of online trackers you can use to keep an eye on the value of gold. You'll see some fluctuations, but when you see a steady incline in the price of gold, that may be a good time to start selling. You can then improve your odds of getting more money for your collection.

Find a Buyer

There are many places and parties you can sell gold jewelry to, such as pawn shops, jewelry stores, and independent buyers. It's important that you find a party that you're the most comfortable with. For example, if you feel like it will be easier to sell online to avoid meeting people in person, then you can sell to an independent buyer. Conversely, if you want to haggle in person, you may want to visit a pawn shop. They're more willing to negotiate compared to a jewelry store. Or, you may like the jewelry store option because of how conventional it is to complete the sale.

Having gold jewelry that you no longer use can quickly turn into a considerable profit. You just need to be careful with how you approach selling these pieces. Be cautious and only do what's right for your personal situation. You'll then have a smooth gold selling experience.