Thinking of Selling Gold? Well, you’re in luck, because gold is a valuable metal. You can expect to make a profit, whether you Sell Gold Jewelry or Gold Coins.
But if you own different types of gold, it may help to brush up on their differences. This way, you’ll have a better idea of how much you can make (and what your buyer might be interested in).
Here’s what you should look for:
One way to determine what type of gold you have is to examine its overall color.
Understandably, you may associate “gold” with a bright yellow shade. But when pure gold is mixed with other metals, it can produce a completely new hue.
Colored gold has become popular in recent years, so there’s a good chance you own a few pieces. Common versions include:
You can also check the markings on your gold piece. Specifically, keep an eye out for “K,” which stands for “karats.” The number of karats indicates the amount of gold in an item.
Pure 100% gold is labeled with “24K.” It’s also very soft, so it’s hardly ever used in jewelry. You probably won’t find “24K” on Gold Jewelry pieces.
Other karat markings include 10K, 12K, 14K, 18K, and 22K. The higher the number, the the higher the gold content.
A majority of gold jewelry in the United States is created with 14K, so you may find this marking on your pieces.
Other stamps to look for include:
If you’re unsure what Types of Gold you own, visit us at Southwest Jewelry Buyers. We’re happy to explain the difference between different kinds of gold, along with their current value.
Our experienced, friendly team can also provide guidance on Selling Gold in Phoenix. And, yes—we buy scrap gold and broken jewelry, too!
To schedule an appointment, Contact Us Today. We’re located in Scottsdale Airpark and available to meet six days a week.