Monthly Archives: July 2012
It is a great time to sell gold. Although gold is not at its all-time high, it is still high. And that means a little bit of gold can be a lot of money.
When selling gold jewelry, the gold buyer will separate your items by karat, which tends to be 10k, 14k, 18k and 21k. Once the jewelry has been checked for purity, the gold buyer will weigh up the different karats and then give a price for each type. It is usually weighed in grams (g) or pennyweights (dwt).
When you see the price of gold on tv – that is quoting 24k (pure gold) for an ounce. You will not get paid this amount unless you have pure gold in coin or bullion form. Jewelry is not pure and must be refined. You will be paid on the purity and less smelting fees. Shop around to get the best quote as each gold buyer has their own pay-out formula.
If you live in Palm Beach County and plan to sell gold jewelry, be sure to put the Lake Worth Gold Mine on your shopping list for the most competitive bid.
Lake Worth Gold Mine
8100 Lake Worth Road
Lake Worth, FL 33467