Getting cash for jewelry in this tough economy is a must for a lot of people these days. But the most important thing that you should do is to make sure that your gold jewelry is real. You don’t want to get embarrassed, right. I simply did not have time to parade all over the city trying to have my jewelry appraised. I had fallen on hard times so I needed to sell my gold jewelry for a little extra cash. I needed to be really be sure that my jewelry was genuine so I could have some idea of how much it was worth.
Try the magnet test. It’s easy.
The simplest test that can be performed on jewelry is the quick and easy magnet test. But how does this test actually work? Here is the simple fact. Precious metals like gold, silver and platinum are not magnetic. But you need to realize that this test is not foolproof.
Don’t have a magnet, or at least think that you don’t? No problem at all. Just head to the kitchen. Everybody has some refrigerator magnets, right? Just about everybody has a fridge magnet and this type of magnet should be just fine. Try to get the biggest one that you have. The flimsy ones may not work.
Have you ever heard of the hallmarking of jewelry? It’s simple and easy to find, but you need to know exactly what to look for.
The hallmarking of jewelry has been around for centuries. Most of the time genuine gold jewelry will be marked with the karat stamp. For example, most jewelry is either 14K or 10K gold. Sometimes you will find 18K gold in men’s and women’s jewelry, but most of the time, that purity of gold is just to soft for jewelry. Look on the clasp of necklaces for the hallmark. If it’s there, then you probably have genuine gold.
Most hallmarks are an indication of the gold’s purity. Take 18k gold for example is 75 percent gold. It’s very easy to figure out the purity in percentage. It takes just a little math to work it out. Take 18 divided by 24 and the result is .75. 24K gold is the purest form of the metal.
Finding out where to sell gold jewelry for cash is very important if you want to get the most cash possible for your jewelry.