Most people assume that selling your gold jewelry and other pieces is something reserved for times when you are in a time crunch. Even so, holding onto pieces at times brings bad memories. As such, selling them is an excellent way to let go of something negative while making some money. When you sell gold jewellery Sydney, the profits you rake in will primarily depend on the type of gold you have. Here are the gold types you can trade.
Gold Solder
This is used to join two gold pieces. The solder generally has a lower melting point compared to real gold because it is mixed with other metals. When selling gold solder, the buyer will base his/her choice on its color rather than its gold content. This is because the solder reduces the karat rating of your melted gold piece. This lowers the price you fetch when you sell gold jewellery Sydney.
Gold Overlay
This involves the coating of cheap metal with gold. This way, people get a piece that looks and feels like gold but is cheaper compared to real gold. Gold-filled pieces contain at least 5% gold in their base metal while rolled gold pieces have only 1/40th of their weight in authentic gold.
New and Old Gold
New gold includes gold that has been refined to meet the current industry standards. Old gold, on the other hand, comes from melted gold coins and jewelry. Old gold generally has a lower karat weight compared to new gold. This means when you sell gold jewellery Sydney made of new gold, you will often get a higher price compared to old gold.
Most people walk into any shop that buys old jewelry and assume they will automatically get a reasonable price for their pieces. Even so, educate yourself on which gold among the above your piece has. This way, you know how and what to negotiate with a buyer.
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