How to Sell Scrap Gold Jewelry in Milford, Connecticut

Gold has always been a favorite investment for both individuals and institutions in Milford, Connecticut. Gold can be used and enjoyed, even worn out completely, and still be as good as cash when has finished serving its purpose. The trick is in trading that gold for cash if it has become damaged or broken. It's not difficult if you know how.

Instructions

1. Use a digital scale to weigh your scrap gold jewelry. This will let you know precisely how many grams your gold weighs. Since the value of scrap gold is based on a combination of carats and weight, it is important to know both.

2. Take your gold to local refiners or gold buyers to see how much they will offer you for your old jewelry. There are no such businesses in Milford, but the nearby town of Wallingford, Connecticut, is home to CT Gold Buyers. You can visit this company at 1056 S. Colony Road in Wallingford, or you can call them on the telephone at [phone].

3. Offer to sell your jewelry to local jewelers in Milford. Whether or not they will buy your jewelry depends largely on the condition it is in. If the jewelry is in a condition where it can be restored or repaired, a jeweler may purchase it to fix and resale in their store. They may still purchase the gold for melt value even if it is beyond repair, depending on the individual store. Some of the main jewelers to contact in Milford are Jewelry Repair & Design at [phone], Plum Gold at [phone] and John Hebert Jeweler at [phone].

4. Try to sell your gold to some of the pawnshops in Milford, Connecticut. For the most part, pawnbrokers are only interested in gold that can be purchased wholesale, and then sold for retail value in their shop. A few pawnshops will buy scrap gold, however, which they will accumulate and sell for melt when the market value is high enough. Even with these companies, you will need to be prepared to negotiate the price point. A few pawnshops to contact in Milford are Milford Pawn at [phone], Nathan’s Pawn Shop at [phone] and Express Pawn at [phone].

5. List your scrap gold jewelry for sale at an online auction site, such as eBay. Online auctions are a popular place to sell scrap gold, because the item is sold to the person who is willing to pay the highest price for it. Because the auctions are monitored by gold buyers from around the country, the auction will often result in a bidding war in the closing minutes of the auction.

Tips & Warnings

• Try to avoid selling your scrap gold to a mail order refiner, such as GoldKit.com or Cash4Gold.com. These businesses are usually a fair buyer if you have more than 300 grams of gold for sale, but anything lower than this will result in you being offered a tiny fraction of the wholesale melt value.

Resources

• Digital Pocket Scale
• John Hebert Jeweler
• Nathan's Pawn Shop
• Express Pawn
• eBay