Thinking about cash for gold? Tips to guide your decision

You need cash and you’ve got some jewelry that you’re thinking of selling. Before rushing to get cash for gold, there are some things you need to think to get the value for your jewelry collection.

One thing you need to know about cash for gold operations is the weight of gold that determines the value. Keep in mind however that jewelers use a standard measure, known as the Troy ounce. In the United States scales measure 28 grams per ounce while measuring 31.1 grams per Troy ounce when it comes to a method of a custom jeweler. You must understand how the scale before you walk into a store of gold trade for money.

You should also know that there are some retailers who use a system known as pennyweight (dwt) in order to measure a Troy ounce. Still other dealers choose measure grams. This can be confusing if you don’t know what he’s working with. A pennyweight is equal to 1555 grams. Dealer can weigh what bring pennyweight but pay by grams. Be prepared for sneakiness which can cope with and don’t be fooled!

When you decide to go for cash for gold you need to understand your CTS. Pure gold is very soft and needs to be added to other metals in order to give durability, strength and color. All jewelry that can be bought in this country can be thought of as a League with finesse carats. Karat one would equal 1/24 of pure gold by weight. A 14 Karat ring or a necklace, for example, consists of 14 parts gold and 10 comprised parts of other types of metals. Jewels that are categorized as gold must be no lower than 10 carats to be called such. Anything less than this is illegal to be labelled in this way. Must have a knowledge of CTS in order to have a basic understanding of the value of the pieces of jewelry that you scrape.

If you’re thinking of getting money for gold at a party, you must make sure that your pieces of jewelry that have different values carats aren’t all weighed together. Some retailers will have all items and weigh presented as one. Once they do that then they will pay their customers for the absolute minimum value in carats. This is not the right way to do business and is very unscrupulous. Be shrewd as possible in your education and do not fall for this ploy. Separate the jewels that you second the carats of it before taking everywhere he looked.