If you have gold jewelry that you want to sell, do not rush the process. You want to take your time to set up the sale properly to ensure that you get the money that you deserve for your gold jewelry.
Make Sure You Want to Sell the Jewelry
Keep in mind that most of the time when you sell gold jewelry, you are not going to be able to get the jewelry back. When you sell gold jewelry, you are getting rid of the jewelry forever. You should not sell jewelry on an impulse to make some quick cash if the jewelry has an emotional value to you. Keep in mind that the emotional value that you put on your jewelry often far exceeds its real monetary value, which is why you should only sell jewelry that you really know you don't want anymore, that is damaged, or that you don't have an emotional connection to.
Be Sure to Get the Jewelry Appraised
It can be difficult to know the true value of your jewelry, especially if you didn't purchase the jewelry or were not the original owner, which is why you should get your jewelry appraised by a professional.
An appraiser will examine the jewelry and be able to tell you its' real monetary value. Keep in mind that many types of jewelry lose value as soon as you purchase it, so don't expect to get back what you pain on that necklace you have had for five years. Antique and designer jewelry, if in good shape and from a respected source, may net you a little more money overall, but may still be below the value that you paid for said goods.
Getting an appraisal will also help you understand what type of jewelry you have. You will learn, for example, the number of karats of gold that your jewelry has in it, or the type of stone that is in the setting.
Sell to a Member of the Jewelry Trade Association
When it comes time to sell your gold jewelry, find a business that is a member of the jewelry trade association. Members of jewelry trade associations are generally held to specific ethical standards that ensures that they make fair sales and do not ripe you off.
Also, if your state issues license for businesses to purchase gold, make sure that you work with a business that has such a license.
When selling gold jewelry, make sure you really want to get rid of it, learn its value, and sell it to a licensed and respected business.