If you are looking to bring in extra cash, selling gold jewelry, coins, or metal scraps that you no longer want could be an excellent way to make money. But when it comes to selling that gold, there are countless options which can be overwhelming. As a convenient path to a financial transaction, selling your old jewelry can give you the benefit of ready cash. Getting rid of broken pieces or gifts that no longer have an emotional significance for you can boost your spirit and pad your wallet. Learn how to sell your gold by knowing its value, its market price, and how buyers evaluate it. You may need a magnifying glass to find a karat stamp that tells you how much gold your jewelry contains. Guidelines from the Federal Trade Commission use a 24-part weight system for gold. Your jewelry contains 10, 12, 14, 18, 22 or 24 karats of gold. A piece that carries a stamp of 18 karats has 18 parts gold and six parts of another metal. Higher karats increase the value of your jewelry.
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