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What To Look For When Selling Your Gold Jewelry: A Guide from Accent Jewelers in Memphis

Whether you’ve inherited a collection, have old pieces sitting unused or simply want to downsize your jewelry box, selling your gold jewelry can be a great way to turn unwanted items into cash. But before you hand over your treasures, it’s important to know what to look for to ensure you’re getting a fair deal. At Accent Jewelers in Memphis, we’ve been serving the community with honesty and expertise for years, and we’re here to give you the insider knowledge you need.

  1. Understand the Value of Gold

Gold’s value is based on its purity, which is measured in karats. Common karat values include 10K, 14K and 18K, with 24K being the purest form of gold. Before selling, make sure you understand the karat of your jewelry, as this directly impacts its worth. A piece marked 14K contains 58.3% pure gold, while 24K is 99.9% pure. The higher the karat, the more valuable the piece. If you’re unsure about the purity, Accent Jewelers can help you test and assess your jewelry’s gold content.

  1. Check the Current Gold Market Price

Gold prices fluctuate daily based on global market conditions. Before selling, take a look at the current price per ounce. You can easily check this online or ask an expert like us at Accent Jewelers. By being informed, you’ll have a better idea of what to expect when you bring in your jewelry. 

  1. Know the Difference Between Scrap and Jewelry Value

Not all gold jewelry is valued the same. If you’re selling broken or damaged pieces, you’ll likely be selling them for their “scrap” value, which is based solely on the weight and purity of the gold. However, if you’re selling a well-crafted piece, such as a designer ring or a vintage necklace, the craftsmanship, brand and design could increase its value beyond just the gold content. At Accent Jewelers, we consider the full picture and ensure you’re compensated fairly for the beauty and history of your jewelry, not just the weight.

  1. Check for Hallmarks and Signatures

Many high-quality gold pieces are marked with hallmarks, manufacturer stamps or designer signatures, which can significantly affect their value. For example, items from renowned designers or vintage pieces from a particular era may have a higher resale value. Be sure to check for any stamps or engravings before selling, as these can help you get a higher price. If you’re unsure about your piece’s provenance, let our experts at Accent Jewelers evaluate it for you.

  1. Choose a Trusted Buyer

When it comes to selling your gold jewelry, trust is key. Look for a buyer who has a strong reputation and is transparent about their pricing and process. At Accent Jewelers, we pride ourselves on our honest, straightforward approach. We ensure you understand the value of your items and provide fair, competitive prices for your gold jewelry. We’re committed to ensuring you leave with confidence and satisfaction.

Conclusion

Selling gold jewelry doesn’t have to be intimidating. By understanding what affects the value of your pieces and choosing a reputable buyer, you can confidently turn your unwanted jewelry into cash. At Accent Jewelers in Memphis, we’re here to guide you through the process with honesty, transparency and a fair evaluation.

Ready to turn your gold jewelry into cash? Visit us today, and let’s get started!

February 4, 2025

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