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The Important Steps of Getting Cash for Gold



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By : Mark Etinger    29 or more times read
Submitted 2009-12-22 23:04:18

So you finally decided to get into the cash for gold game huh? Well good for you! This could become a very lucrative "job" opportunity for you! You could end up making anywhere from a few moderate dollars from this on up to a few thousand dollars depending on the type of jewelry, quality and weight. All of the sites online are going to calculate your jewelry's worth by using calculators and specific algorithms to tell you how much your gold, silver or platinum is really worth. Before you get too excited though, there are specific steps you are going to have to take in order to sell jewelry NY. This isn't like selling on ebay - where they let you sell whatever you want, however you want. In order to make a legit business out of this and secure your chance to make mucho money you should really try to follow the below mentioned steps.

- First off you are going to have collect your gold. This can be gold, silver or platinum that you own, or you could try procuring more online. You can try places such as classified ads, auction sites, flea markets and garage sales. Any place where there is a chance for you to snatch up some low cost jewelry is going to be good! These sell gold online route won't just take ANY gold. It can't be cheesy - for instance the "fake" gold option is completely out of the question. It has to be real gold and it can be of certain karats such as 8K's on up to 24K's, sterling silver or .999 silver. It doesn't matter how much it costs YOU to buy or secure this jewelry, it only matters what the quality level is.

- Second off, you will need to find a site to sell gold online. There are various options available to you. Steven Maddar, the CEO of Global Gold & Silver suggests that "the best way to find the BEST sites online are is to check for online reviews, check out the BBB or Better Business Bureau and make sure the company or website is in good standing with the communities online." While hearsay isn't everything, it can count towards a lot more than you think. Listen and read to what people say, see what their opinions are. Which sites are legit, which sites have screwed people over in the past, which ones are going to offer the highest percentage per ounce, etc.

- Once you find a specific site to work with you will need to send your gold and jewelry. Make sure that the company you're dealing will pay and insure your envelope and return package.

- After the company receives your pack and your gold, they will calculate an approximate number on how much your jewelry is worth and they will then send you a check in the mail. A few of the numbers calculated online when looking at a few calculators were; 5oz of platinum was estimated as being worth $2120.05! Whereas something like gold at 5oz a piece for a 14karat piece (which is the most popular karat) would be calculated as being worth $1230.47. Platinum is worth a little more, gold is next in line and silver is last in line. But as you can see, this is still a nice estimate for such a small amount of platinum and gold!

The last step is the easiest and the most fun! If you really get into this and start to think outside the box, you could very well make a life for yourself by selling gold online through these refinery companies. As above mentioned, each one is going to offer different percentages as far as how much your jewelry is worth. One main thing I would suggest is to find a website that will actually TELL you an estimated amount of money for how much your jewelry is going to be worth and send your jewelry back if you are not satisfied with the price they offered. This shows a sense of honesty. Just remember these are estimates and not guaranteed prices!


Author Resource:

At Global Gold & Silver you can get cash for gold, sell gold online, even silver, diamonds and jewelry, all at a safe & secure location in Manhattan. For more info, visit
www.jewelryscrappers.com
and
sell jewelry NY
!

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