Sell Your Silver and Gold Jewelry in Phoenix, Chandler and Scottsdale Arizona
Gold prices are still going strong and now may be a great time to clean out your jewelry box and get cash for your old, outdated jewelry that you don't wear anymore. When you go to a gold buyer in Phoenix AZ to sell your silver and gold jewelry keep these important tips in mind:
Understand how scales work.
One of the key factors that helps determine how much you are paid for your gold jewelry is it's weight. Keep in mind that jewelers use a different measurement standard than gold buyers called a Troy ounce. U.S. scales will measure 28 grams per ounce, while gold is measured at 31.1 grams per Troy ounce. Dealers may also use a system of weights called pennyweight (dwt) to measure a Troy ounce, while others will use grams. A pennyweight is the equivalent of 1.555 grams. Be aware that some dealers weigh your gold by pennyweight but pay you by the gram, this is a sneaky way for the dealer to pay you less for more weight of gold.
Know your karats.
Pure gold is too soft to be used by itself in most cases so it is combined with other metals to give it durability and color. The Federal Trade Commission (FTC) requires that all jewelry sold in the U.S. describe a karat fineness of the alloy. One karat equals 1/24 of pure gold by weight. So 14 karats would mean the jewelry was 14 parts gold and 10 parts other metals. It is illegal for jewelry to be labeled "gold jewelry" if it is less than 10 karats. It is important to know the karats of your gold to make an informed decision on the scrap value of your jewelry. The purer the gold, the higher the karats, the more you will get for your gold jewelry.
Separate your karats.
Make sure the jewelry with different karat values are weighed separately. Some dealers will weigh all jewelry together and pay you for the lowest karat value.
Phoenix Area's #1 Gold Buyer
Valley Goldmine consistently pays our customers top dollar for their silver and gold jewelry. We also buy scrap gold, silverware and anything else made of gold, silver, platinum even with diamonds. Call us today to schedule a private, confidential appointment and you could get cash for your unwanted necklaces, rings and bracelets. There is never any pressure and we are always happy to answer all your questions so you can feel comfortable you are making the best decision.