How to Sell Gold With Knowledge and Confidence?
Here are some commonly asked questions about selling gold, silver, diamonds, and gemstones.
A ring I tried to sell had a blue topaz and some diamonds on the side. When I tried to sell it I was told that they were interested only in the gold. Is this true?
Marianna, - Addison, IL
Yes: Due to current market conditions there is little demand for most gemstones. Some jewelers will offer to buy higher quality rubies, sapphires, emeralds, and tanzanite. There is a lower demand for diamonds. Diamonds a carat or larger with good clarity is what the market is currently demanding.
Does all gold get bought at the same price?
Jim, - Bartlett, IL
No: Each gold piece is bought by the content of gold. The higher the karat the higher the price paid. 10K, 14K, and 18K is the most common. Other gold .... 8K, 9K, 16K, 22K, and 24K
An experienced gold buyer can help you price your jewelry correctly, by testing, and examining each piece .
What does .925 mean on my bracelet? Does .925 mean silver?
Laura, Elmhurst, IL
Yes: .925 means an item is made of sterling silver. The reason sterling silver jewelry is marked .925 is that it consists of 92.5% silver and 7.5% other metal.
Does Itasca Coin and Jewelry buy palladium bars and coins?
Don, Itasca, IL
Yes: Itasca Coin and Jewelry buys palladium, platinum, and copper. At Itasca Coin and Jewelry we buy other precious metals other than gold and silver. We will look at each item and determine a value. We buy palladium, platinum, and copper in the form of stamped coins, bars, or jewelry.
© 2012 Itasca Coin and Jewelry