How to Sell Gold Jewelry in Austin, Texas

When gold prices are high, we live in what seems to be a modern era gold rush. The only difference is that instead of heading for the hills with picks and shovels, we open up our jewelry boxes and cash in on the high price of gold. When gold is at a high price, people take advantage by selling gold jewelry that they purchased for a fraction of the price just a couple of years before. Even broken jewelry or earrings without a match can fetch a high price in a strong gold market. If you have extra gold lying around the house and would like to sell it for cash, keep reading to learn how to sell gold jewelry in Austin, Texas.

Instructions

1. Take your gold jewelry to a local pawn shop to see what you are offered. Pawn shops generally weigh your gold and will offer you a price based upon the current wholesale value of the precious metal. This will probably be much lower than the item is worth as jewelry, but it is immediate access to cash that may be worthwhile in the case of broken or damaged jewelry. Cash America has close to a dozen pawn shops in Austin, Texas, and Action Pawn also has a number of locations. Or if you prefer to skip the franchise pawn shops, you can call Top Cash Pawn at [phone].

2. Find out how much local jewelry stores will offer to pay you for your gold jewelry. Sometimes they will only offer to sell the item on consignment, which means that you leave the jewelry in their store, and if it gets sold they will collect a commission. Other times, if they feel that the item has a good resale value, they will offer to buy your gold jewelry outright. It all depends on the preference of the particular store, so be prepared to visit more than one. There are many fine jewelers located in Austin, Texas. A few to start your search with are Calvin's Fine Jewelers at [phone], Whitefire Jewelry at [phone] and Benold's Jewelers at [phone].

3. Take out a classified ad in the local newspaper. Advertising in newspaper classifieds, especially in the Sunday edition of the newspaper, is an excellent way to let people in the local area know that you have gold jewelry for sale. You should, however, exercise common sense in how you approach dealing with the public. Both the "Austin Chronicle" and the "Austin American Statesmen" have sections in their classifieds for people to post items for sale.

4. Sell your gold jewelry to a precious metals merchant in Austin, Texas. Although these types of business routinely deal with gold coins and bullion, they are also quite happy to take any gold jewelry as well. As long as it is gold, they will make you a fair offer. The problem is that the offer will be based upon the current melt value of the gold, so it may be best to reserve these places for broken or damaged jewelry that cannot be sold anywhere else. A few good business to call are Abercrombie Gems & Precious Metals at [phone], the American Gold Exchange at [phone] and Austin Brokers at [phone].

5. Auction your items online. If all else fails and you just can't get a good price for your gold jewelry in Austin, Texas, then try to sell your gold jewelry online at eBay or some other auction website. The best deal for your gold jewelry may come from someone in a completely different part of the country, so you may as well put your gold on the auction block to see how much people are willing to pay.

Tips & Warnings

• If you have access to a digital scale, you should weigh your gold jewelry before you attempt to sell it. You can check the current gold market values online at Kitco so that you will know if the offer being made to you is a fair deal.

Resources

• Calvin's Fine Jewelry
• Whitefire Jewelry
• Benold's Jewelers
• Austin Chronicle Newspaper
• Austin American Statesmen Newspaper