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Ready to Sell Your Gold? Get Cash for Your Unwanted Jewelry and Find Out What It’s Really Worth

If you're holding onto unwanted gold, broken silver jewelry, or outdated pieces collecting dust, now is the time to turn that clutter into cash for gold. With the gold market still strong, you can sell your gold and diamonds for an excellent payout—especially when you work with a trusted gold buyer instead of an online service or local pawn shop.

Whether you're downsizing, settling an estate, or just ready to sell, this guide explains what to expect, how to estimate your gold’s value using a live gold calculator, and how to avoid common pitfalls. You’ll also learn what phrases like “spot price,” “market price,” and “free appraisal kit” actually mean—so you feel confident from start to finish.

Why Now Is a Great Time to Sell Gold

Gold is one of the most stable precious metals—and when markets are uncertain, its value usually rises. Right now, the spot price remains strong due to investor demand and global economic conditions.

That means even broken jewelry, old wedding bands, or outdated necklaces could be worth more than you think. The value of the gold depends on:

  • Purity (measured in karats, like 10K, 14K, 18K, 22K, or 24K)

  • Weight (in grams)

  • The current market price

Even if you think your items are too damaged or small, don’t assume—they still hold value as gold items.

What Types of Gold and Jewelry Can You Sell?

Most precious metals dealers accept a wide range of gold and jewelry, including:

  • Gold pieces like rings, chains, bracelets, and earrings

  • Items set with diamonds or other gemstones

  • Gold and silver coins, bullion bars, or scrap

  • Broken gold jewelry, even with missing parts

  • Silver and platinum rings, charms, and flatware

  • Dental gold

  • Inherited estate pieces or antique jewelry

You can even sell your unused gold—items you never wear but don’t want to toss.

Use This Gold Calculator to Estimate Value

Before you head into a store—or worse, send your gold in the mail—use this calculator to estimate your potential payout. You'll need to know:

  • The metal type (e.g., 14K, 18K, or platinum)

  • The item’s weight in grams

  • That day’s spot price

The calculator below shows a 70% payout, which is well above what most local pawn shop or jewelers offer.

Try my Gold Price Calculator — get an instant 70% payout estimate based on real-time gold prices.

Using a calculator can help you get the best deal and compare quotes confidently.

What to Expect When Selling Gold Locally

Selling in person—rather than online for cash—offers an experience that can’t be matched. A trusted gold buyer should:

  • Test your gold in front of you using acid or XRF

  • Weigh it on a digital scale

  • Calculate the offer based on the live spot price

  • Give you a clear breakdown of your payout

  • Let you walk away if you're not happy with your offer

💬 "I received more than I expected. They went over everything, offered great service, and paid me the same day."

I offer a flat 70% of the market price, with excellent customer service and no-pressure evaluations.

How Much Should You Expect to Receive?

While many people assume they’ll get close to full value, that’s rarely the case. Here’s why:

  • Gold must be refined after purchase

  • Buyers pay refining fees, assay costs, and shipping

  • Some gold is lost in melting

  • There's risk as the gold market shifts between buy and resale

Most jewelry stores or pawn shops offer 50–65% of the spot price. My offer of 70% is higher than most and includes testing while you watch, plus payment within 24 hours.

Always ask how your payout is calculated—and get it in writing.

Why You Should Avoid Online Gold Buyers

Selling gold online or through a free appraisal kit may sound convenient, but it comes with risks:

  • You’ll have to send in your items with limited insurance

  • You won’t see testing or weighing

  • You might receive a lowball quote

  • They may pressure you to accept your offer

  • They can charge to return your items if you decline

And while they promise a quote in less than 24 hours, actual payment may take days. Most clients who try online gold buyers once say they’ll never do it again.

What Else Can You Sell?

Buyers often accept more than just gold. You can also sell:

  • Silver and platinum coins, flatware, or antique pieces

  • Gold and silver bullion bars

  • Jewelry with diamonds over 0.25ct

  • Designer or estate pieces

  • Dental gold or broken gold scrap

  • Items from inheritance or liquidation

Just ask! A good buyer will appraise everything—at no charge.

Frequently Asked Questions

What’s the best way to sell gold?
The safest way to sell gold is in person with a transparent, licensed buyer. Avoid mailing your items unless you trust the source and the kit is fully insured.

How quickly will I get paid?
You should get cash the same day—or at most, within 24 hours—if selling in person.

Can I sell small diamonds?
Large diamonds (over 0.25ct) may add value. Small melee diamonds usually don’t—but I never charge a stone removal fee unless requested.

Do I need to clean or sort my jewelry first?
No. I test and sort each item during our appointment.

Can I change my mind?
Of course. If you’re not happy with your offer, you're free to walk away. There’s never pressure.

Summary – What to Remember

✅ The spot price of gold is strong—great time to sell gold
✅ Use a gold calculator to estimate value before accepting an offer
✅ Most buyers offer 50–65% of spot—70% is a standout
✅ Avoid online for cash programs and risky mail-in kits
✅ Get cash for your unwanted gold in person, with no pressure
✅ You can sell gold and jewelry, silver items, and platinum
✅ Always work with expert appraisers who explain your options
✅ A great buyer will ensure you get the best price with service that goes above and beyond

Learn more about how I buy gold at Devine & Co. Private Jeweler.

Glossary – Key Terms You Should Know

Sell Gold / Sell Your Gold
The process of exchanging gold for cash, usually based on weight, karat, and spot price.

Spot Price
The real-time global price for one troy ounce of pure gold. It changes daily and is used to calculate gold value.

Market Price
Another term for the current price of gold on international exchanges.

Cash for Gold
Getting paid immediately (usually in cash or check) for gold items.

Gold Calculator
An online tool that helps estimate the value of gold before visiting a buyer.

Unwanted Gold
Old, broken, or unused gold items that still have resale value.

Diamond
A gemstone often found in rings and pendants. Large stones may increase the payout.

Pawn Shop
A business that buys gold but often pays less than dedicated gold buyers.

Online for Cash
Selling gold by mail through websites. Often less transparent and lower paying.

Free Appraisal Kit
A mail-in envelope used to ship gold for evaluation. Be cautious with return policies and insurance.

Silver Jewelry / Silver and Platinum
Buyers often accept silver and platinum jewelry in addition to gold.

Sell My Gold / Sell to Us
Marketing phrases used by gold-buying companies—always research who you're dealing with.

Expert Appraisers
Professionals who test, weigh, and value your gold items accurately and honestly.

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