So you recently put your money where you mouth is only to find out that your cheese ain’t stacked up so high. Well listen up hustler, cause I’m going to let you in on how to sell dat grill and recoup some of Benjamin’s.
As you may have heard, gold prices have been on the rise lately. The price of an ounce of gold reached over $1,200 earlier this month before declining to around $1,100. Even at today’s price, gold is up 32% for the year. With gold prices so high it is inevitable that buyers are going to be out there looking to buy up as much gold as they possibly can. I’m sure that you have seen the mall kiosks that shout “WE BUY GOLD” or “CASH FOR GOLD”. It seems as if gold buying operations are popping up on every corner willing to buy your scrap gold.
Right now is a great time to sell your gold teeth or other scrap gold items. Some experts believe that gold prices may be topping out at this time. What this means is that there is a possibility that gold prices may be declining in the future. Selling your scrap gold now may be a great way to earn some extra cash in times where money is hard to come by. This is also a great way to raise some extra cash for the holiday season.
The process of selling gold teeth and other gold jewelry is simple. For example, a set of gold teeth that weigh ¾ of an ounce (21 grams) that are 18k gold can pad your pocket with nearly $450.00 at today’s gold price. If you are interested in how to calculate what your scrap gold is worth then read our article on How to calculate gold value.
All you need is a scale, paper, pencil, and a calculator. In addition you must know how many karats of gold you have. This is usually stamped on your gold jewelry as 22k, 18k, 14k, 10k etc. Gold is often mixed with other metals to make it more durable and affordable. The closer you get to 24k, the more your scrap gold is going to be worth per ounce.
Once you have estimated how much you gold is worth it’s time to go around and see what gold buyers have to offer. Check out your local pawn shops, jeweler, and independent gold buyers. Go in knowing what your teeth are worth and get out with the most possible cash in your hand.
Check back with Healthy Financial Habits this holiday season for more great gift ideas. Here you will find a variety of ways to save money on everything from gifts to groceries. If financing is a problem then we offer financing solutions. If you have a question or specific topic that you would like to read about contact the staff: Healthyfinancialhabits@gmail.com
Author: Mike Smitt