If you are interested in selling your scrap gold jewelry online and getting the most money possible, then you have come to the right place because Healthy Financial Habits has you covered.
Selling your scrap gold jewelry is an excellent way to make money with very little effort. Most of us have broken or unused scrap gold jewelry laying around our homes that can be converted into cold hard cash. The process of selling gold jewelry online is very simple. All you really have to do is choose a buyer online and send them your gold along with a little information.
Before you send your gold to an out of state buyer you want to be sure that the person that you are dealing with is trustworthy and reputable. Be sure to question them prior to giving away your precious metals. You also want to know how much your scrap gold jewelry is worth. Knowing the worth of your gold will prevent you from getting scammed. Here is a quick 4 step way to determine how much you should expect from your gold jewelry:
1. Know your weight – Weigh your piece and write down its weight in grams
2. Know your Karats – A karat is a measurement of gold purity. This is usually stamped on the piece or can be found on an attached tag
3. Know the current price of gold – this is important. Check with Healthy Financial Habits daily to determine how much gold is going for
4. Use the following formula developed by Healthy Financial Habits to determine your gold value:
Scrap gold value = ((Karats/24) * weight in grams) (Current price per gram) (.80)
Now that you know how much you should expect for your gold, you can send your gold off and know about how much you will be offered. If you do not like the offered price you can usually have your gold jewelry shipped back to you.
What do you plan to do with your tax return this year? Healthy Financial Habits wants to know. We have created a poll located at the bottom right of this page. Here you are able to vote to let us know how you are going to spend your money and also view the poll results.
Author: Abdullah Patel