Everyone has very different ideas and eclectic tastes of what is or isn’t quality jewelry. Due to this, people are very particular about the precious metals that they can purchase, whether it be gold, silver, platinum or others. Buyers of these rare metals often times will want bullion or collectible coins at separate markets. Hand picking jewelry is most often recommended, as you can assure you’re getting the quality and craftsmanship that you desire. Many buyers consider these purchases an investment, not just for fashions sake, so the silver or platinum they purchase, they want to assure they’re getting exactly what they fancy. A number of terms may help clarify this world of buying and selling precious metals and allow buyers to be well versed in the matter.
Karat - This is a measurement of the purity of gold alloys. The purest form of gold comes in 24 karat. Most pawn shops will be able to assist you with the quality of the precious metal, and depending on its purity, you’ll receive different price ranges for it. 24 karat is 99% refined, 18-karat is 75%, 12-karat is 50%, and so on, diminishing in cash value.
Sterling - Often known as sterling silver, this alloy of the precious metal is often too soft to make and sell as rings, necklaces, earrings and other jewelry so it is often combined with copper for strength to craft bracelets or even utensils. Often, antiques are crafted out of sterling silver.
Bullion - Most investors and collectors store their gold in the form of bullion coins or bars. It is a toss up whether these forms of gold are a hedge against inflation or currency depreciation.
If you need to get rid of precious metals and old jewelry, look into working with jewelry buyers. These buyers specialize in buying gold, silver, platinum, and precious metals. In addition, they will also purchase ingots, scrap metal, bullions, coins, and hand crafted items. These buyers work with many individuals in the gold and silver industry that use precious metal scrap. Some of these include jewelers, goldsmiths, pawn shop owners, jewelry store owners, and metal detector hobbyists. They also work with any individuals that have gold or precious metals to buy or sell. Finding these buyers is easy by looking through online directory listings and local phone books. Visit a pawn shop or cash for gold market to find additional precious metal and gold and silver jewelry. You can also research buyers and sellers online to find out if they offer any assay fees, treatment charges, and refiner fees. These sites will also help you to stay away from all scams and how much the gold and silver are worth within the marketplace. You can use these websites to compare prices, market services, product quality, and how reliable and dependable the customer service is. Gold and silver buyers will also offer additional contact information such as hours of operation, location within your area, rates and fees, and how many years they’ve been in the business.