What to expect when selling gold jewelry
July 27, 2012 8:08 AM Subscribe
What to expect when selling gold jewelry? Details inside.
posted by Sweetie Darling to Shopping (10 answers total) 2 users marked this as a favorite
I recently had a gold charm bracelet I inherited appraised at a very well-regarded local jeweler, and have since come to the realization that (1) I don't love it and (2) I don't want to pay to insure it if I don't love it.
The bracelet was appraised at around $3,000 including the charms (most of which I'll keep to use as pendants), but the appraisal notes that the bracelet is in "poor condition, with stretched and broken wires throughout." The weight was 43.34 dwt for 14k yellow gold.
Coincidentally, the jeweler is having a buying event next week. I realize I probably won't get the full $3k value, but can anyone give me a ballpark idea of what price I could expect ("melt value?" - not sure exactly what that means) and any advice on what to do or not do during the process?
Thanks for your help!