The number one most important thing when trying to sell gold, whether it be precious items or miscellaneous pieces is knowing the value of the piece. It is important to be certain that a miscellaneous item that seems to be scrap is not worth more in the form it currently holds. In numerous cases an oddly shaped piece may have some historical value and is worth much more than just melted down scrap. The best way to discern the value of items would be to shop around. Start with local reputable jewelers or pawn shops to estimate the value of items. Get estimates from 3-5 local business. By comparing the estimates a base price can then be established.
Now that a value is established moving forward and getting the most profit out of the piece will be much easier. Knowing the worth of a piece is helpful in establishing a reserve price if choosing to sell on line. This protects from under bidding and prospectively losing the piece to a low bid. Gold buyers in shopping malls, hotels, and local jewelry stores are extremely convenient provided they are willing pay it’s worth. It is important to deal with a business that has a reputation for quality practices. Gold parties allow a home setting with friends and family the opportunity to unload gold and pick up some cash all while enjoying the company of those not seen for a while. However this has drawbacks as well, generally gold is weighed with no regard to the Karat value. Selling gold by mail leaves the most uncertainty; there is so much to take into consideration, mail insurance, proper payout and the actual return of an item if choosing not to sell. Selling locally may offer the easiest most straight forward approach to selling any pieces.
Overall it pays to be wise, there are many businesses out there willing to take gold and run. A little leg work goes a long way when it comes to being compensated accurately for gold. Knowing when to sell or walk away will prove most valuable.