Precious metals can turn a healthy profit if you know the best place to sell scrap jewelry and have an idea of how much your metal is worth before you contact credible buyers. Precious metals prices can vary based on the domestic market and global Geo-political strife. It is always best to follow the old saying, “strike while the iron is hot.”
Before you find a place to turn your gold and silver into cash, you should know where to have silver appraised, as well as any other metal you want to sell. Appraisers that hold a Certified Appraisal Guild of America or International Society of Appraisers certification will likely be more reliable.
But you can also try to find out the value of your pieces on your own using a few basic steps so that you can be sure you’re getting a good deal.
You should first do some research about the silver or gold pieces that you want to sell. If you can find an emblem or stamp from the maker, you can find out how long ago they manufactured your particular necklace, bracelet, or ring, which will give you an idea of how old it is. Even if you bought it locally at a retail store, these stores may be unaware of the metal’s actual value aside from the scrap cost. USA Today reports that the true value of a piece of metal is often much more than its scrap counterpart. This means that you could get more than you think for grandma’s old locket.
The particular design your silver or gold has also holds a degree of significance. Many styles, such as Celtic or Byzantine, come with a higher value because they are considered specialty, designer pieces. You should know what style your jewelry is, and look up the value for older designs. When considering where to have silver appraised, you may want to speak with vintage jewelers to get the true value of a classic piece because a scrap metal buyer will not do the jewelry justice.
You can also purchase a scale of your own to weigh your items. You can buy a relatively inexpensive professional jeweler scale that will measure items as light as .01 grams. Many of them come with LCD display screens and give you fairly accurate readings. Some of these scales can also weigh gemstones, and others will calculate the troy ounces of a piece of metal. A troy ounce is a measurement often used to determine the amount of silver, gold, or other precious metal that is present in a particular item.
After you have determined the approximate prices for the silver and gold items that you want to sell, and you know where to get an appraisal, you will likely be able to secure the most amount of money for your pieces. Regardless of the market’s fluctuation, the best deal will stem from your own efforts, and the help of reliable metal experts.
Before you even start looking for places to sell your gold and silver, you need to be aware of the gold and silver prices in the market. There are many dealers who buy and sell jewelry in Salem, but you won’t be able to find one as professional and transparent as Accurate Precious Metals Coins, Jewelry, & Diamonds. Many of our customers refer to us as the best place to sell jewelry, as we keep everything out in the open. Most importantly, we believe in educating our customers with the latest prices and market updates so they feel completely satisfied with their transaction at Accurate Precious Metals Coins, Jewelry, & Diamonds!