How Do You Sell Used Or Unwanted Gold Jewelry For Maximum Profit?
Gold reached new all-time highs in the first quarter of 2008. With prices in the range of $900 to $1,000 per ounce, it’s not difficult to imagine that everyone wants to cash in any way he can. Gold prices may or may not go higher—no one has a working crystal ball. However, securing a few profits is always a sound idea during a rapid increase in a commodity price. So if you are looking for an easy way to make a few bucks, how about selling old jewelry that you no longer wear? Find that mangled gold chain or old class ring that you no longer want or have no desire to wear, and flip them into quick cash. Here’s how. Determine the gold percentage of your gold jewelry; 24 karat = 100 percent gold. Therefore, divide the karat you have by 24. For example, an 18-karat gold necklace is 75 percent gold (18 karat / 24 karat = 0.75 or 75 percent). Determine the weight of real gold from the percentage calculated in Step 1. Multiply the percentage of gold by the recorded weight of your jewelry. Fo
