Gold Jewelry

Gold jewelry is another form of gold that is a good source of investment mainly because of their monetary value. Gold jewelries such as gold rings, bracelets, earrings, necklaces, and pendants not only look stunning in their artful designs and intrinsic glitter but also because of their considerably high price.

Selling Gold Jewelry

If you have in your possession heaps of gold jewelries and you are planning to sell them to take advantage of the high price of gold, it is advised that you don’t sell gold jewelry for its scrap value.

Selling gold jewelry for its scrap value gains little returns since you are bound to lose its retail value of at most 75 percent. Since the scrap price is based on the value of metal alone while totally ignoring the craftmanship, aesthetic, antique, and sentimental value of the jewelry, it doesn’t look it is the best option for selling your jewelries.

Is it real?

You have to keep in mind that there are some pieces that indeed have little or no resale value like old class rings that are headed for the scrapheap if you need extra cash. An earring that has lost its mate is also bound for scrapping.

Have your gold jewelries appraised for you to know their worth. Remember that any gold jewelry that is less than 10 karats cannot be legally sold as gold. Also, real gold jewelry has the karat amount stamped into it. If the stamp is not present, chances are, it isn’t real gold.

Here’s a table of Karats for your reference:

• 22kt = 91.66% gold
• 20kt = 83.33% gold
• 18kt = 75% gold
• 14kt = 58.33% gold
• 10kt = 41.66% gold