Gold prices are soaring, and now is one of the best times to turn unused jewelry into cash. From inherited rings to forgotten necklaces, many people are cashing in while the market is strong.
Selling gold can be lucrative, but it pays to know the smart way to do it. In this guide, we’ll show you how to make informed decisions and turn forgotten jewelry into holiday-ready funds or custom pieces you’ll love.
Jewelry made with gold typically ranges from 9K to 24K, and the higher the karat, the higher the percentage of pure gold. Look for stamps or hallmarks to get a quick read. For instance, an 18K yellow gold ring stamped 750 has a purity of 75%.
Beyond jewelry, coins, bars, and even scrap gold—such as old dental crowns and broken pieces—can also be sold. Coins and bullion can bring prices closer to market value.
Getting an appraisal can help you confirm purity and identify pieces with value beyond melt price. The more you understand about what you own, the easier it is to make informed decisions when selling gold.
Here at Kirk & Company Jewelers, we buy gold jewelry, coins, and bullion in any condition. We offer free evaluations and same-day payment.
Learn more about Gold & Diamond Buying
Buyers begin by checking your piece’s karat rating to determine how much pure gold it contains. Common purities include 41.7% for 10K, 58.3% for 14K, and 75% for 18K. Higher-karat pieces naturally command higher melt values.
Next, buyers weigh your items and use the spot price to calculate their worth before subtracting the cost of testing and refining. This is why most sellers don't receive 100% of the melt value.
Investment-grade coins and bullion tend to earn rates closest to the market price, while scrap gold and lightweight jewelry may fall at the lower end.
Condition, brand, and resale appeal can also influence the value of your gold jewelry, as some items are worth more as intact jewelry than as raw material.
To maximize your payout, check karat stamps, weigh your items if possible, compare multiple buyers, and look for expert evaluations. A well-informed seller is far more likely to receive a fair, accurate offer.
With a little research, preparation, and patience, selling your gold can be simple and rewarding.
Avoid rush decisions and high-pressure tactics by relying on transparent, professional evaluations. From single items to full collections, our team ensures each piece is carefully assessed and provides same-day check payment for your convenience.
Turn unworn rings, chains, and coins into cash, or reinvest the payout in a custom piece that’s perfect for the holidays. Book an appointment today and discover how your old treasures can become new memories and golden opportunities!
Selling gold can be lucrative, but it pays to know the smart way to do it. In this guide, we’ll show you how to make informed decisions and turn forgotten jewelry into holiday-ready funds or custom pieces you’ll love.
What Kinds of Gold Can You Sell?
Gold comes in more forms than many people realize. Virtually any type can be sold, but purity greatly determines how much you’ll earn.Jewelry made with gold typically ranges from 9K to 24K, and the higher the karat, the higher the percentage of pure gold. Look for stamps or hallmarks to get a quick read. For instance, an 18K yellow gold ring stamped 750 has a purity of 75%.
Beyond jewelry, coins, bars, and even scrap gold—such as old dental crowns and broken pieces—can also be sold. Coins and bullion can bring prices closer to market value.
Getting an appraisal can help you confirm purity and identify pieces with value beyond melt price. The more you understand about what you own, the easier it is to make informed decisions when selling gold.
Choose Where to Sell Gold: 5 Main Options
Not all gold buyers operate the same way, and knowing your options helps you make the most confident and informed decision.1. Pawn Shops
Pawn shops can be useful when you need quick cash, but they typically offer the lowest payouts because their goal is fast turnover.2. Online Buyers
Online gold buyers allow you to sell from home, but research is key. Shipping procedures, customer reviews, and final-offer policies vary widely, so carefully read the fine print before sending anything.3. Private Buyers
Private buyers, whether through local collectors or online marketplace listings, may give you the highest price. However, this option requires extra time and effort for listings, photos, negotiations, and safe meetups.4. Pop-Up Buyers
One thing to watch out for is any temporary “We Buy Gold” pop-up shop. They lack consistent pricing practices, making it hard to know whether you're getting a fair deal, especially with the pressure of time.5. Jewelry Stores
Considering all this, jewelry stores that buy gold offer a great alternative with expert appraisals, transparent evaluations, and fair pricing based on real-time gold market rates. Selling to a reputable local jeweler gives you clarity, comfort, and confidence every step of the way.Here at Kirk & Company Jewelers, we buy gold jewelry, coins, and bullion in any condition. We offer free evaluations and same-day payment.
Learn more about Gold & Diamond Buying
How Much Will You Get for Gold?
It’s important to know how much gold is worth before selling. How much you can get for your gold mainly depends on its purity, weight, and the live market price. With gold presently sitting at over $4,000 per ounce (at the time of writing), it’s a particularly strong time to sell.Buyers begin by checking your piece’s karat rating to determine how much pure gold it contains. Common purities include 41.7% for 10K, 58.3% for 14K, and 75% for 18K. Higher-karat pieces naturally command higher melt values.
Next, buyers weigh your items and use the spot price to calculate their worth before subtracting the cost of testing and refining. This is why most sellers don't receive 100% of the melt value.
Investment-grade coins and bullion tend to earn rates closest to the market price, while scrap gold and lightweight jewelry may fall at the lower end.
Condition, brand, and resale appeal can also influence the value of your gold jewelry, as some items are worth more as intact jewelry than as raw material.
To maximize your payout, check karat stamps, weigh your items if possible, compare multiple buyers, and look for expert evaluations. A well-informed seller is far more likely to receive a fair, accurate offer.
Tips to Get the Best Offer on Gold
Getting a great price for your gold jewelry isn’t just about luck. It’s about preparation and knowledge. Here’s how to get the best offer:- Understand your gold: Knowing your pieces helps you calculate approximate value and negotiate effectively.
- Check current gold prices: Selling when the market is high ensures the best return.
- Clean and organize your pieces: Polished, tangle-free jewelry allows buyers to accurately assess each item.
- Check buyer’s reputation: Look at reviews, Better Business Bureau ratings, and testimonials to avoid scams, lowball offers, or unreliable buyers.
- Obtain multiple quotes: Comparing offers from several reputable buyers can help you get the best offer.
- Avoid pressure tactics: A trustworthy buyer will let you take the time to make an informed decision.
With a little research, preparation, and patience, selling your gold can be simple and rewarding.
Turn Old Treasures Into Golden Opportunities
Don’t let your old gold sit idle. Let it unlock new possibilities. By knowing your gold, monitoring market prices, and selecting a trustworthy buyer, you maximize your return while keeping the process stress-free.Avoid rush decisions and high-pressure tactics by relying on transparent, professional evaluations. From single items to full collections, our team ensures each piece is carefully assessed and provides same-day check payment for your convenience.
Turn unworn rings, chains, and coins into cash, or reinvest the payout in a custom piece that’s perfect for the holidays. Book an appointment today and discover how your old treasures can become new memories and golden opportunities!