Phoenix Jewelry Buyers:
We Are the Best Place to Sell Your Old Outdated and Estate Jewelry.
Gold prices are still going strong and now may be a great time to clean out your jewelry box and get cash for your old, outdated jewelry that you don’t wear anymore.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 or Chandler AZ to sell your silver and gold jewelry keep these important tips in mind:
Tips To Get The Highest Price For Your Jewelry
Understand how scales work.
One of the key factors that help determine how much you are paid for your gold jewelry is its weight. Keep in mind that the precious metals market (including jewelers, coin dealers and gold buyers) use a measurement standard called a Troy ounce. U.S. scales will measure 28 grams per “normal” English 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 (20 dwt = 1 toz), 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.
HAVE STONES IN YOUR JEWELRY YOU WANT TO KEEP?
At Valley Goldmine we want you to be more than happy during your appointment. Some of our clients prefer to keep their stones and simply sell the metal in the jewelry itself. We are required by law to report and hold all purchases for 10 days. At the end of the hold period, we will remove and send them to you free of charge.
For more information about selling gold, silver, platinum or diamonds to Valley Goldmine, contact us by phone or fill out our online contact form today!
Trust Phoenix‘s premier gold buyer – Valley Goldmine.
Nick Arnone
P Callahan
Shametria Martin
