Getting cash fast is harder than a lot of quick loan places advertise. Even if you try to get the money you need on a short-notice basis, you’ll end up having to fill out a lengthy application, sit and speak to a representative, and likely give a few references, names of people who can vouch you will be good for the money when it comes time to pay it back.
The big drawback to payday loans is sky-high interest rates, secret fees, as well as the consequences that can happen if you end up missing payments or defaulting on your payday loan. You also might have to deal with the embarrassment of someone you know seeing you walk into a payday loan establishment. You can get into a hairy situation really quickly taking out a payday loan, you can click here to know why payday loan places are often accused of predatory practices.
How to Get Cash Fast for Your Unwanted Gold Items
When you need cash, one option is a gold jewelry buyer, but maybe you have some questions about what a gold jewelry buyer will purchase.
Can you sell a gold jewelry buyer a class ring, for instance? Can you sell a broken bracelet or a watch that is no longer working?
Below, we go over what to expect when using a gold jewelry buyer as well as the sorts of items a gold jewelry buyer might be interested in.
What is a Gold Jewelry Buyer Interested in Buying?
As a general rule, gold jewelry buyers look for jewelry made of yellow gold, white gold, or rose — 8 carats or more.
The condition of your jewelry does not have to be perfect, either. Many gold jewelry buyers will accept items that are worn, broken, or even have parts missing, like a missing latch, clasp, or chain link, for instance. You can have a watch with a movement that is totally inoperable and still sell the gold watch case to a gold jewelry buyer.
This is why gold jewelry buyers are amazing resources when you’re in a financial crisis, but they’re also great if you’re looking to declutter, especially if you have a jewelry box full of items that have been sent out to pasture years ago.
What Kind of Jewelry Can I Sell?
You can sell jewelry of all kinds to a gold jewelry buyer, including bracelets and anklets, necklaces, pins, cufflinks, pendants, brooches, letter openers, writing instruments, pocket watches, timepieces, earrings, rings, and more.
However, gold buyers will not usually be interested in items made with rolled gold, gold-plated jewelry, or costume jewelry. To check for the proper indicators, take a look at your jewelry items to find out for yourself. Gold jewelry will have markings, stamps that will let you know the item is of a certain quality. Stamps that gold jewelry buyers do NOT want to see are the following: KT GP, KT GF, KT GEP, and RGP. Make sure to check your jewelry before you send it in or else your gold jewelry buyer will send these items back to you with a scoff.
How Do Gold Jewelry Buyers Work
Just like a fruit stand owner has to add a margin to the wholesale price he gets his product for, to make a living, a gold jewelry buyer will look to purchase your gold items at something close to the wholesale price. No matter if you just bought the item brand new, you are always going to be selling your gold item to a gold jewelry buyer as a used product. “Retail” and “tradable bullion” prices of gold are the prices you pay when you buy the item new, which might come in the form of jewelry or as an investment (from a gold refining company, for instance).
Getting in touch with a reputable gold jewelry buyer is easy. You will want to enlist the services of a professional valuation expert who will give you the most accurate appraisal, which will guarantee that you’ll get the highest market value on your sale. When you need cash fast, a gold jewelry buyer is worth their weight in… gold. Make sure to perform your due diligence to make sure that you get the most out of the gold jewelry you’re looking to sell.
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