Whats the value of buying gold?
In the end jewelry or gold is just another product. The real value lies in the person buying it. This person changes the demand, price, and value of jewelry. The jewelry industry wouldn’t be alive if jewelry had no real meaning to people, but because of all the different cultures in the past and today, jewelry has a value. It has been used for beauty, signifying status, celebrating events and importance in life. Today’s age cultures jewelry, especially rings as a symbol for marriage. This has been a crucial event driving consumers to purchase diamond jewelry. While the debate about whether this has historically started with the Romans or Egyptians, many have agreed that this tradition has become a norm for marriage. The earliest documentation of the gifting of a diamond engagement ring dates back to 1477.
Frequently Asked Questions
How can I check if I have fake gold?
Check out acid kits and other gold testers
Should I separate the Karats on my gold, silver, and platinum?
What is pennyweight?
Can I use my own packaging to send in my gold jewelry to them?
We recommend you use the free FedEx boxes available at any FedEx location, since you’ll be going there to drop off your package anyway, but you’re welcome to use whatever packaging you like.
Some jewelry has diamonds and semi-precious stones in the settings. Should I remove them or will they send them back to me?
They will pay you the wholesale value of your diamonds on top of the value of your gold, so please leave jewelry with diamonds intact and send it to them as is (with any certifications or appraisals, if you have them). While they do not pay for loose gemstones,they may add the gemstones’ value to the gold weight, which will increase your total payout. Therefore, we don’t recommend that you try to remove the stones before sending in your items. Remember, you’ll have the opportunity to deny their offer and have your items returned to you intact and at no cost, no questions asked.
What is a Spot Price?
The spot price is the current market price for immediate delivery of a commodity. In the gold business, it refers to the price at which gold is trading for the day.
What do they buy?
Generally they accept all gold items with few exceptions. If you have any questions about your particular item, please feel free contact them them and read their FAQs for details.
How do I know they are safe to sell or buy from?
Thats why we have reviewed, ranked, and listed only the trusted and safe sites for you when you need to sell or buy your gold items. And we provide you with all the information needed on BestgoldReviews.com