Q:

Where can I sell my used gold jewelry?

A:

Quick Answer

Gold jewelry can be sold to direct buyers, mail-away operations, pawnshops, gold parties and traditional jewelry stores. Businesses that are Better Business Bureau accredited are the safest type of business to sell to, according to ABC News.

Continue Reading
Where can I sell my used gold jewelry?
Credit: by Jimmy Cheng Moment Getty Images

Full Answer

There are benefits and downsides with each type of selling option, according to Today.com. Selling to a gold buyer or traditional jewelry store may net the best price, but sellers need to know the value of their gold before selling to avoid receiving a less than fair offer. Mail-away operations are very convenient for the seller but typically offer between 11 to 29 percent of the gold's meltdown value, according to Consumer Reports. Pawnshops offer a fast way to make money, but may not offer the best prices, according to Today.com.

Learn more about Precious Metals & Gems

Related Questions

Explore