Sell Gold Jewelry to the Best Gold Jewelry Buyer in Las Vegas and Henderson, NV
Selling gold jewelry for cash may be common in Las Vegas, but not all gold jewelry buyers pay you good money for your pieces. On that note, Nevada Coin Mart is the best place to sell gold jewelry. Being home to the best gold jewelry buyers in the industry, you can be sure with NCM in terms of getting the highest amount of cash in exchange for the value of your gold jewelry pieces. If you want to learn the best price to sell your gold jewelry for, we recommend you read on.
Sell Gold Jewelry for Cash
Gold is one of the world’s most valuable metals and commodities. The use of gold as currency is seen throughout human history. Gold can be sold for cash in almost every country worldwide. Gold jewelry in its many forms has a certain amount of gold in it. That’s why a lot of people invest in gold jewelry because it can be resold at a higher price depending on its condition, purity, and weight. Gold jewelry is the number one group of people who significantly invest in this kind of commodity.
Moreover, many consumers see gold jewelry as a sound investment and as an asset. Though the price of gold jewelry may be unpredictable and would seem stagnant in the market, its value interestingly has managed to increase unlike coins, paper currencies, and other assets, and this opened the demand for gold to the middle class.
While many industries today take a sliding route to bankruptcy and closure due to the COVID-19 pandemic, the gold industry proves to be a continuously thriving business. WGC also predicts that “increased market uncertainty and the expansion of protectionist economic policies will make gold increasingly attractive as a hedge.” Consumers are now more than willing to buy and sell gold jewelry for future profit. They now look for dependable companies like Nevada Coin Mart that can help them sell and buy gold with peace of mind, knowing that market assessment is done fairly. It is exactly the place for the best prices to sell gold jewelry.
Best Place to Sell Gold Jewelry
Nevada Coin Mart is the best place to sell gold jewelry as it offers a free in-store evaluation for your piece using a state-of-the-art Thermo Scientific Nitron X-Ray Spectrometer in order to accurately analyze and measure precious metal contents in your piece. This will ensure that you get top-dollar for your items. The best price to sell gold jewelry is surely guaranteed in our store. We are open 365 times a year from 9 AM to 6 PM. Come and visit now the best gold jewelry buyer, Nevada Coin Mart® at 4065 S. Jones Blvd Las Vegas, NV 89103 or call us up at 702-998-4000.
Gold Jewelry Buyers
As gold is a very versatile and malleable metal, it can be formed in almost any shape or form. This quality is likewise one of the things that makes gold an excellent metal for making all sorts of jewelry items. Take note that selling gold jewelry for cash is primarily determined by the types of gold jewelry. Below are what buyers of gold jewelry in Las Vegas usually buy:
- Gold Earrings
- Gold Rings
- Engagement Ring
- Wedding Rings/Wedding Bands
- Gold Chains
Gold jewelry buyers appraise three kinds of gold: yellow gold, white gold, and rose gold. While yellow gold is the purest form of gold, white gold and rose gold are still very valuable and you can still sell your gold jewelry for cash.
Sell Gold Jewelry
While gold’s weight is measured in troy ounces (1 troy ounce = 31.1034768 grams), gold purity is measured in karats, which are the ratio of gold to other metals and are represented by a number from 8 to 24. The higher the karatage is, the purer the gold, as such a 24-karat (24K) jewelry piece is considered pure gold. At the same time, lower karat pieces have a lower gold content, thus lesser value.
In addition, when selling your gold jewelry for cash, it is important to remember that the higher the Karat (k), the more money you will be walking away with! Here’s a quick guide to gold purity.
- 8k (8kt, 333, 8/24) = 33.3% of gold purity
- 9k (9kt, 375, 9/24) = 33.7% of gold purity
- 10k (10kt, 417, 10/24) = 41.7% of gold purity
- 12k (12kt, 500, 12/24) = 50.0% of gold purity
- 14k (14kt, 585, 14/24) = 58.5% of gold purity
- 18k (18kt, 750, 18/24) = 75.0% of gold purity
- 22k (22kt, 916,917, 22/24) = 91.7% of gold purity
- 24k (24kt, 999, 24/24) = 99.9% of gold purity
Best Price to Sell
The price of gold changes daily and it is based on the spot price of gold. What is the spot price you ask? The spot price is the selling price of gold on that day. And the price of gold is volatile and it is a high-risk investment that can yield high returns or losses. Most people who invest in gold and its many forms monitor the spot price daily. Some days it is high and some days it’s not. To learn more about the spot price of gold as you sell your gold jewelry, click here: https://www.kitco.com/charts/livegold.html
Generally, gold jewelry buyers usually follow a formula in determining the value of your jewelry. The formula is the gold price (current spot price) multiplied by the weight in grams then multiplied by the purity rate per gram. Here is also the purity rate chart for your reference. The best price to sell gold jewelry is definitely on your way!
- 10K = 0.013397642
- 14K = 0.018756699
- 18K = 0.024115756
- 21K = 0.028135048
- 22K = 0.029474812
Gold is a precious metal that possesses a lustrous yellow color. It is the densest, most malleable, and ductile of all precious metals. The most known use of gold is currency. History shows that gold was a valuable asset to our ancestors as they use it in trading with each other and with other travelers. Another most popular use of gold is in jewelry. This is evident throughout human history and is prevalent in many cultures.
Throughout history, humans have been using gold in decorating homes, tombs, and other properties of the rich in the earliest part of the 4th century BC. It has been suggested by historians that the use of gold in jewelry originated in Eastern Europe or Iraq, but many other texts about its origin came up, like the claim of the first recorded data of the use of gold that was five millennia ago in Egypt. But one it was very clear back then that trades between kingdoms and old countries included gold exchange.
During the Georgian and Victorian eras, royalties wore gold with silk and velvet specifically designed for them. Wearing gold jewelry, set with rubies, diamonds, sapphires, and other precious stones identifies power and authority. Gold in history is exclusive to the upper class of society. Only those who can afford to show off their wealth have the power to show off their gold. For this reason, rich families proved the exclusivity of gold for them through various elegant designs of gold jewelry and accessories.