With gold prices reaching a high of $1,000 an ounce, this is certainly a good time to sell your gold IF you know what you are selling! Think of all those single earrings because you lost one of them, the broken bracelets, ruined chains, etc. Things that can’t be fixed but are in your possession. THAT is what you want to look at taking out of your jewelry box, NOT your good stuff!
Beware of the SCAMS out there! Late night TV infomercials that tell you to send it in…the home parties…the short term kiosks at the local mall. What you want to do is take it to a REAL jeweler, and get a REAL estimate before you hand it over. In fact, get three different estimates and go back to the person that gave you the best offer.
My 7 lonely earrings, 1 broken chain and a small clump of gold (I had a ring made smaller once and asked for the gold back) all netted me a tidy sum of $430. That was $430 of unwearable stuff taking up space in my home and now added to my savings total.
Check through your stash and keep in mind that they won’t look at it if it is less than 10K gold. I hope you can find a little cash in your jewelry box too!