How to Sell Gold Jewelry in Phoenix
People around the country are making money from the high price of gold. This is certainly true for residents of Phoenix, Arizona, who have ample opportunity to trade their gold jewelry for cash. Phoenix has an abundance of businesses who are willing to buy as much gold as you are willing to sell, and there are plenty of private individuals who have a fondness for gold jewelry.
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Instructions
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Always start by weighing your gold. Use a digital scale to see how many grams your gold weighs. If you do not already have a digital scale, a small pocket scale with a digital display can be purchased for as little as $10 online. Once you know how much your gold weighs, check the current market rates at kitco.com. Kitco lists the current spot price of gold, which is usually measured by troy ounce. Divide the rate by 31,103 to get the price per gram, then multiply by the number of grams your gold weighs. This will tell you the wholesale melt value of your gold jewelry. Never accept less than this price.
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Place a classified ad in Phoenix area newspapers. Classified ads are a great place to sell jewelry because your message is received by a local audience, and also because you will probably get more money by selling your jewelry to an individual. Businesses have to leave room for a mark-up in order to profit from your jewelry. Since individuals do not have to worry about this, they are willing to pay more. There are half a dozen newspapers in the Phoenix metropolitan area that you can place a classified ad in. If you can not advertise in them all, the two most important ones are The Arizona Capitol Times and the Arizona Business Gazette.
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Place a classified ad on the Phoenix page at Craig’s List. More specifically, place an ad in the jewelry section of the Phoenix page. The ad that you post on Craig’s List is the same as having a classified advertisement in a newspaper, except that it is online and its free. A lot of advertisements get posted, however, and they are listed in chronological order, so you may want to return every couple of days to post a new copy of your ad.
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Take your gold jewelry to one of the pawnshops in Phoenix. Phoenix has a large number of pawnshops, and any of them will buy gold jewelry. The only problem is that they sometimes try to buy gold by weight, offering you the melt value of the metal. This may be fine, but if your jewelry is in good condition you should expect more. Feel free to haggle and negotiate, and don’t be afraid to walk out if they are unwilling to pay the price you want. A few of the pawnshops you should visit in Phoenix includes Central Pawn Brokers (602-258-1111), Pawns Plus (602-765-4444) and Mo Money Pawn (602-279-4417). Additional pawnbrokers can be found in the Phoenix telephone book.
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Visit a few of Phoenix’s fine jewelry stores. A good jeweler will always offer to buy your gold jewelry if it is in very good condition, or may give you the option of selling it on consignment. You will get more money if you sell your gold jewelry on consignment, but you have to be prepared for it to sit in the store a while. There are a large number of jewelry stores in Phoenix. A few of the ones you should definitely visit are Molina Fine Jewelers (602-955-2055), Schmitt Jewelers (602-279-1300) and Renaissance Fine Jewelry (602-252-0555).
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List your gold jewelry for sale at an online auction site, such as ebay.com. If you can’t get the price you want in the local market, then expand your coverage. Using an online auction site will allow your gold jewelry to be seen by people across the country. Someone in another part of the country may be willing to pay more for your jewelry than what you can get in Phoenix.
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Tips & Warnings
Do not let yourself get pressured into accepting an offer just because the other person says it’s a good deal. If you aren’t happy with the price, decline the offer and keep looking. There are plenty of other people in Phoenix that you can sell your gold jewelry to.
Resources
- Photo Credit mixstar, Flickr.com Creative Commons License
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