There are always buyers waiting in line for gold jewelries and scrap gold items. The appeal of gold never seems to loose its luster and jewelers are often hard up in finding raw gold. It is also in times of crisis that demand for gold is high and prices also stay high. Jewelers often bank upon buying gold jewelries and scrap gold items as a sources of raw gold. However, the seller needs to know certain information to dispose of these gold items at fair market price.

Classifying Gold Items

It is important to sort out these gold items according to purity, aesthetic value and which of these are scrap. Remember that gold jewelries and some loose gold items have aesthetic values over and above their inherent gold content. It is often advisable to sell them “as is” rather than melting them down. Some of these items may be considered classics and/or antiques which could fetch much higher prices. It is prudent to sort out your gold items before selling it.

Pure gold or 24 karat gold is what buyers are always looking for. This is because pure gold can easily be refined to whatever purity and color they want to. In most cases, gold jewelries have less than 24 karat gold content because gold items with this purity are softer, more malleable and therefore less “durable”.

However, jewelries and scrap gold items can be sold at different purities with proportionate discounted prices as follows: 18K is 75% pure gold, 14K is 58.3%, and 10K is 41.7% gold. Gold jewelry and other scrap gold items of 10K or more have what is termed as “karat stamp”.

Where and How to Sell Gold Jewelries and Scarp Gold Items

Medium to Large Scale. The best way to get a price estimate is to have these gold items appraised by accredited appraisers. You can find a list of accredited appraisers in the National Association of Jewelry Appraisers (NAJA) and the American Society of Appraisers (ASA). You can also “google” the appropriate association of accredited appraisers in your part of the world. It is notable that professional appraisers charge appropriate fees which can run up to hundreds of dollars per hour.

It is always wise to hire professional appraisers as consultants if you are planning to sell medium to large scale gold jewelries and other valuable items. This is to properly notate and estimate the prices of these items. If these gold items are considered “valuable enough”, it is a good decision to sell them off in reputable auction houses. You can ask your appraiser or consultant on how to go about this.

Another option in selling these gold items is through Ebay. While the advantage of selling these gold items in reputable auction houses is their inherent and established patrons, Ebay offers a chance to set your own terms and conditions while taking advantage of a larger buyer's community. This is a particularly good option if an estimated market price has already been determined – which in this case is in the form of an appraiser’s full report.

However, make certain that you have the accurate descriptions (including photos) and estimated price ranges It is important to use these data to sell these gold items at fair market value and setting minimum bid(s) accordingly.

Small Scale. There are many instances where you are not sure of the jewelry’s gold purity (or if it’s even gold) and also their aesthetic values – especially antique gold items. It is wise to visit reputable jewelry shops near you – especially ones which are highly recommended by somebody you trust. Remember that jewelry shops offer better prices than pawnshops in as far as gold jewelries are concern. Gold content is the primary basis of the buying price in pawnshops.

For scrap gold items which are already sorted out according to purity and weight, there are many “gold calculators” which almost all online gold buyers have in their websites. You can also access the spot price of gold through the websites of London Gold Fixing and compare gold pricing with appropriate online gold buyers.

If you think that you can sell your gold jewelries and scrap gold items at good prices, you can always sell them through Ebay. Here’s a Step-by-Step guide on how to start selling items on Ebay. It is also important that you must be ready to provide all other services like packaging, shipping and insurance rates etc.