Best Way to Sell Gold Rings
Welcome back to another entry from Stewart Kuper Jewelers! This time we are going to take a look at the best way to sell gold rings, whether to a jeweler like Stewart Kuper or on your own. If you have never sold jewelry yourself, this primer should help give you the confidence to sell your gold ring in the best way for you!
Best Way to Sell Gold Rings
Knowledge is Half the Battle
As we have talked about before, knowledge is power when it comes to selling your jewelry. With gold rings that still rings true (ha, get it?) So before you take the piece down to a jeweler or attempt to sell to a stranger, gather the necessary information!
Know What You Have
Rings are rarely made from pure gold, so knowing exactly what metal your piece is made of is crucial in determining value. If the ring came from the United States, it is likely of a 10-,14-, or 18- karat variety, but don’t rely on that. You can get an appraisal done by a reputable jeweler to more accurately hone in on what your gold ring is.
Learn the Price of Gold
Knowing what your ring is made of and the going price of gold can give you a better spectrum for the possible price your gold ring will fetch. Of course, a listed price for gold isn’t what you will be able to sell it for, but it gives you a reference point to work with.
With this info in hand, it will be easier to check the next box…
While you might think the ring you have is priceless, when it comes time to sell it, that is far from the truth. As you now know, there is a value to gold, there is a definite dollar amount that is the assumed value of your gold ring. Could you get more for it? Sure, but don’t count your chickens before they hatch. You still have too…
Find Your Buyer
Big note here. You want to find a reputable buyer. Someone you can trust to hold up their end of the bargain when it comes to giving you a fair deal and actually coming through with payment. And if you’re looking for someone who will be reputable, you should probably be reputable yourself (see: Be Realistic).
Find a local jeweler who buys gold rings (like Stewart Kuper Jewelers!) and look into their reviews and make some calls. You never have to sell to the first person you talk to, whether that’s a store or an individual! Find the buyer who is willing to pay a reasonable price, and who you want to do business with! You might be in the market for jewelry in the future and having a person you already like to work with can make that easier! Or, if you come across estate jewelry or need to sell other pieces, having a good relationship can make the whole process smoother.
The best way to sell gold rings is by being knowledgeable, being realistic, and finding a reputable buyer. With those things covered you will be able to get the best value for your ring.
Want to get a jump start on it? Give us a call at Stewart Kuper Jewelers. We are fair, honest gold buyers. We pride ourselves on our integrity in business. If you are looking to sell a gold ring, gold and silver coins, jewelry, or diamonds – we’re the people for you! Have diamonds that are ½ carat or larger? We’ll pay extra! Reach out today and see what we can do for you!