Gold Selling Guide

How do I sell my gold?


With prices above $1,000 per ounce, gold is becoming more and more popular to sell. It’s always a good idea to do away with the things that don’t bring you joy anymore and leave room for the things that do. You’re old or unwanted gold can help you do just that, by helping you get cash for the things that you do want. When selling your old and unwanted gold pieces, it’s important to keep three things in mind.
  1. Price
  2. Security
  3. Knowledge
First, you want to get the highest possible price for whatever you are selling. Gold value is determined by the weight and melted value; when you are deciding, “where to sell my gold”, it’s important to find a place that will give you a price higher than anywhere else. Second, the security of the location that you are dealing with is important to keep in mind. You need to make sure that the jeweler you are selling to is reputable and has a reputation for honesty and will not pressure you into make a decision that you don’t want to make so quickly. Third, to know what you are selling is essential to get the highest offer. Many jewelers, pawnbrokers, or online gold buying companies will take advantage of the fact that you don’t know what you have and offer you a price lower than the value of your gold.
Unique Diamonds & Gold is here to offer you the highest price, treat you with respect during a transparent buying process, and to make sure that if you don’t know what you have, you’ll know before leaving our shop. We often have customers that don’t realize the value of their jewelry, and we inform them to make sure that we are taking care of the people of our community. We live and work in and near Passaic, Bergen, Essex, or Hudson counties, and we only want the best for our neighbors. Read further below for more information about the important points to keep in mind before selling your gold.


Isn’t all gold the same?


All gold is gold, but the gold used for jewelry is almost never pure gold and each piece is a little different. Pure 24k gold is too soft to be worn as jewelry. The gold is blended with other metals that add stability and durability so that you can wear your jewelry so that the design and gemstones or diamonds will stay securely in place. That’s also what gives gold it’s modified white or rose color. Pure gold is naturally yellow, so by adding other metals, we can modify the color. What is gold made up of?
White Gold is normally blended with: Nickel, Palladium and/or Manganese
Rose Gold is normally blended with: Copper and Silver
Yellow Gold is normally blended with: Copper and Zinc