Not Sure When Is the Right Time To Sell Your Jewelry for Cash? We’re Here To Help!
Whether you’re in need of quick cash or want to let go of old clutter, there are many reasons you may want to sell your gold jewelry. No matter the reason, however, you likely want to make sure you sell at the right time to ensure you receive the best value possible for your pieces.
Customers visit us at Watch & Wares every day to sell jewelry, each with their own story of why they decided now was the right time to sell their gold jewelry pieces. If you have gold antique or estate jewelry in your collection that you’re considering parting with, here is a guide to help you decide the best time to sell your gold jewelry for cash.
Study the Value of Gold
Firstly, in order to know the true value of gold, it’s important to study the material’s history and value. Throughout history, gold jewelry has been revered for its rarity and beauty, and this symbol of luxury has endured until modern times. Today, the vast majority of people own at least one piece of gold jewelry.
Although more accessible, gold is still highly valued today because of its relative rarity and historical value. It’s also practical — it’s stable, does not rush, and can be easily molded into jewelry, coins, and other valuable items.
Follow the Spot Price
If you’re considering selling gold jewelry, you’ll need to be familiar with the spot price for gold. The spot price is the current market price for gold; it’s how much an ounce of gold can be bought or sold for at any given moment.
You can track the spot price online over time and monitor when the price of gold peaks and drops. By learning the patterns of gold’s spot price and following its fluctuations over time, you can make sure to sell when the value is high and earn more for your pieces than they may be worth in a few weeks, months, or years.
Consider Your Finances
It’s also important to consider your own personal finances when deciding on the right time to sell. All financial decisions are different depending on your income or expenses.
While it’s always nice to get the highest value possible for your items, sometimes debt payments and owed interest may be more than the difference in value you’d get by waiting for a higher spot price. Ultimately, the best time to sell your gold jewelry is when you need the money most.
Consult Top Gold Buyers Near You
If you’re still unsure of the best time to sell your gold jewelry, you can always ask trusted gold buyers near you. Top gold buyers have the expertise and industry experience to be able to give you accurate appraisals so you know how much you can realistically get for your jewelry.
However, don’t just Google “best place to sell gold jewelry near me” and visit the first result you see. It’s important to find reputable gold buyers who are trustworthy and will offer you fair and accurate values. All appraisals should also be free and with no obligation to sell.
Whatever your reason or timing, make sure that when you decide to sell, you choose the best place to sell gold jewelry in Orange County. Watch & Wares has been buying and selling gold for more than 30 years, and we’ve established ourselves as the local experts. Orange residents know that when they visit Watch & Wares, they’re receiving a fair and competitive appraisal offer that directly reflects market prices. In fact, our offers are consistently some of the highest in Orange County, thanks to our team of experienced jewelry repair experts and certified gemologists. If you are looking for the best place to sell gold jewelry near you, contact Watch & Wares online or give us a call at 714-633-2030 today.
