- If you have heard about cash for gold opportunities, but you are not really sure if you have anything that would be worth money, this article is for you! Most people do tend to make the assumption that only pristine condition gold jewelry will be worth any real money, but take heart because that is definitely a fallacy. You can sell gold of nearly any type, even if all you have is old gold chains that are knotted up, complete with broken clasps. Gold coins are also worth a great deal of money, and in fact nearly any trinket or item that is made from genuine gold is worth money at a gold buyer, no matter what kind of condition it may be in.
Condition doesn’t really matter when you are getting cash for gold because in general a gold buyer will be giving you what is known as a “melt value.” This essentially means that the gold will be melted down and then used for the creation of new jewelry, coins, or gold bars. When your gold buyer calculates a melt value, they will be looking at several things, most notably the purity of the gold. Gold comes in several different purity levels, with 24 karat being the purest form of gold. All other types of gold, (which include 22 karat, 18 karat, 14 karat, 12 karat, and 10 karat) are mixed with other types of metals. When the melt value is calculated, the other metals will be accounted for and subtracted since those base metals are not what gold buyers are usually interested in purchasing. Your gold buyer will also be subtracting weight from the total weight of the gold piece if there are any stones, since gold buyers are often not interested in stones other than nice quality diamonds.
Your gold buyer will make you an offer based on current prices of gold, so you will usually get different offer amounts at different times. Gold is always worth a good amount of money and rarely has significant depreciation, so you can expect to make a nice amount from your old gold pieces. Be sure to choose a local jeweler that has plenty of experience with gold and with gold buying. One excellent local option is Harry C. Glinberg Jewelers, which gets great reviews from people who have sold their gold there.
