How to Get Real Gold Jewelry to Sell
It's easy enough to find gold jewelry to buy, but when it comes to finding gold jewelry to sell, the search can be much harder. In order to sell gold jewelry and make a profit, you need to find it at an exceptionally low price, or purchase it wholesale.Here's how to get real gold jewelry to sell.
- Difficulty:
- Moderately Easy
Instructions
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Get Real Gold Jewelry to Sell
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Although online auctions have become more popular, increasing prices over the years, they are still a good place to get real gold jewelry to sell. Look for categories like "bulk" and "wholesale" to find great deals, and don't forget to visit lesser-known auction sites and industry-specific sites, such as thrift store and public surplus auctions. Visit the Additional Resources section to find some good online auction sites.When buying from online auctions, be sure to thoroughly review the seller's reputation. Also, keep up on the current price of gold and ask the seller to clarify the number of grams of gold included in the auction.
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Selling gold is gaining popularity, but many people dislike the idea of dealing with pawn brokers or distant companies. Inviting friends, relatives and acquaintances to a low-key party to sell their gold can be a fun way for them to get some money out of their old jewelry and a simple way for you to get real gold jewelry to sell. Have a gram scale on hand to weigh the jewelry. Know the going price of gold and calculate the amount of profit you would like to make before you buy. For example, if the price of gold is $26 per gram, buy the gold at $20 per gram for a profit of $6 per gram. It's up to you what price you offer, but remember to be fair and up front. Also, build in a cushion in case the price of gold suddenly drops and you can't wait until it rises again to sell. In some cases, the price you offer for a piece of gold jewelry may depend on the workmanship, age and design of the piece rather than its weight. The important thing is to offer a price that is fair but still allows you to make a profit.
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Visit estate sales.Estate sales are one of the best places to buy real gold jewelry to sell. Depending on the sale, you may be able to get a large lot of jewelry for an amazing price. The downside of estate sales is that sometimes it's difficult to properly examine the jewelry prior to purchase, and sometimes you have to purchase items you don't want that are included in a lot of jewelry you do want. All in all, however, estate sales offer great deals on real gold jewelry that you can turn around and sell for a nice profit.Check below for a site that lists estate sales across the country, or check your local newspaper to find nearby estate sales.
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Manufacturers who sell at wholesale prices are the best regular source for getting real gold jewelry to sell. The downside is that many require a business license and have minimum order requirements. If you can meet their requirements, however, they are a great source for gold jewelry for resale. Finding direct sources for gold jewelry can be difficult. An internet search often results in pages of retail gold jewelry dealers who claim to offer wholesale prices. The best way to find real wholesale dealers is to visit trade shows. A list of gold jewelry dealers can be found in the Tucson, Ariz., Show Guide, which is a guide to one of the largest gem, mineral and jewelry shows in the world. Check the below for a link to the Tucson Show Guide.
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Tips & Warnings
Learn as much as you can about buying and selling gold jewelry before making your first purchase. The more you know, the easier it will be to decide how much to offer for a particular piece.
Know how much you can sell a piece of gold jewelry for before you buy it. A common mistake many new entrepreneurs make is not knowing the real value of gold jewelry and paying too much for some pieces.
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- Photo Credit Nick Goodchild
