Sell Gold Jewelry For Cash to Las Vegas’ Best Gold Jewelry Buyer
Learn more about the best place to sell gold jewelry for cash buyers in Las Vegas or anywhere in the world as it is a very valuable commodity and is a universal currency around the globe. Nevada Coin Mart is the #1 gold jewelry buyer in Las Vegas & Henderson.
Best Place to Sell Gold Jewelry for Cash in Las Vegas
Now that you’ve decided to sell your gold jewelry for cash, you may be asking how do you sell it? Well, there are a lot of gold jewelry buyers out there to who you can sell your gold jewelry. Bring your items to gold buyers and they will usually evaluate your item and pay you for it and some buyers pay more than others.
The key is to find the most reputable buyer of gold for cash in your area. Nevada Coin Mart, for example, is the best buyer of gold jewelry in Las Vegas and in its neighboring areas.
Who are Gold Jewelry Buyers in Las Vegas
Do you have pre-loved gold jewelry that you’re not using anymore and want out of your hands? We’ll be happy to take them from you and even pay you for it! Sell your gold jewelry for cash at Nevada Coin Mart, we are the #1 buyer of gold jewelry for cash, in Las Vegas and Henderson, NV!
Nevada Coin Mart is the best place to sell gold jewelry as it offers a free in-store evaluation for your piece using a state-of-the-art Thermo Scientific Niton X-Ray Spectrometer in order to accurately analyze and measure precious metal contents in your piece. This will ensure that you get top-dollar for your items.
We are open 365 times a year from 9 am to 6 pm, so come visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103 or call us up at 702-998-4000.
When to Sell Gold Jewelry for Cash in Las Vegas
The price of gold changes daily and it is based on the spot price of gold. What is the spot price you ask? The spot price is the selling price of gold on that day. And the price of gold is volatile and it is a high-risk investment that can yield high returns or loss.
Most people who invest in gold and its many forms monitor the spot price daily. Some days it is high and some days it’s not. And to answer the question on when to sell your gold jewelry is when you think the price is right.
All About Gold Jewelry
Gold is a precious metal that is characterized by its lustrous yellow color. It is the densest, most malleable, and ductile of all precious metals. And the most known use of gold is currency. History shows us that gold was a valuable asset to our ancestors as they use gold in trading with each other and with other travelers.
One of the most popular uses of gold is in jewelry. This is evident throughout human history and is prevalent in many cultures. This fascination with the precious metal is very evident, even ancient Egyptians were buried with their gold jewelry!
Types of Gold Jewelry we buy
Gold is a very versatile and malleable metal and can be formed to almost any shape or form. This quality is one of the things that makes gold an excellent metal for making all sorts of jewelry items. Below are what buyers of gold jewelry in Las Vegas usually buy:
The gold jewelry market also has three kinds of gold: yellow gold, white gold, and rose gold. While yellow gold is the purest form of gold, white gold and rose gold are still very valuable and you can still sell your gold jewelry for cash.
Purity of Gold
While gold’s weight is measured in troy ounces (1 troy ounce = 31.1034768 grams), gold purity is measured in karats (or carat in other countries), which are the ratio of gold to other metals and are represented by a number from 8 to 24. The higher the karatage is, the purer the gold, as such a 24-karat (24K) jewelry piece is considered pure gold. At the same time, lower karat pieces have a lower gold content, thus lesser value.
When buying or selling your gold jewelry it is important to remember that the higher the Karat (k), the more money you will be walking away with! Here’s a quick guide to gold purity.
- 8k (8kt, 333, 8/24) = 33.3% of gold purity
- 9k (9kt, 375, 9/24) = 33.7% of gold purity
- 10k (10kt, 417, 10/24) = 41.7% of gold purity
- 12k (12kt, 500, 12/24) = 50.0% of gold putiy
- 14k (14kt, 585, 14/24) = 58.5% of gold purity
- 18k (18kt, 750, 18/24) = 75.0% of gold purity
- 22k (22kt, 916,917, 22/24) = 91.7% of gold purity
- 24k (24kt, 999, 24/24) = 99.9% of gold purity
What kind of markings will we see on the gold jewelry?
Gold jewelry will always have a mark indicating it’s karatage. The mark could be 18k, 14k, or any of the marks that will indicate its purity. Marks could also include the maker’s mark.
Many other factors will determine gold jewelry’s value; factors considered are weight, design, brand, and purity.
While pure gold (100%) is too soft, jewelry makers usually mix it with other metals like silver, copper, nickel, and zinc so it will become stronger and more durable for jewelry making.
Value of Gold
Are you wondering how do these gold buyers come up with a price? Generally, gold jewelry buyers usually follow a formula in determining the value of your jewelry. The formula is the gold price (current spot price) multiplied by the weight in grams then multiplied by the purity rate per grams. Here is also the purity rate chart for your reference:
- 10K = 0.013397642
- 14K = 0.018756699
- 18K = 0.024115756
- 21K = 0.028135048
- 22K = 0.029474812
For example, you have a piece of 18-karat gold jewelry that weighs 5 grams, and the current spot price for gold is at $1,940 per ounce. Following the formula gold price (current spot price) X weight in grams X purity rate per gram:
1,940 X 5 X 0.024115756 = $233.92
After the computation of your gold jewelry, the value is more or less $233.92.
If you are looking to sell the best place to sell gold jewelry in Las Vegas is at Nevada Coin Mart. Not only do they give you the best price but also exemplary customer service.
Gold as an Investment
Gold is one of the world’s most valuable metals and commodities. The use of gold as currency is seen throughout human history. Gold can be sold for cash in almost every country worldwide.
Gold Jewelry in its many forms has a certain amount of gold in it. That’s why a lot of people invest in gold jewelry because it can be re-sold at a higher price depending on its condition, purity, and weight.
For example, you are a tourist or even a local and you are in need of some emergency money, you can sell your gold jewelry for cash. Gold jewelry for cash buyers is found anywhere in the world. Nevada Coin Mart is the best Gold jewelry buyers in Las Vegas.
Gold in its many forms is accepted worldwide and can be sold for cash.
To know the value of your Gold Jewelry, bring it into Nevada Coin Mart for a free verbal appraisal and evaluation today!