Gold, silver, and precious gems often increase in value during economic downturns. With a little bit of research you can gather up the valuables you rarely use, offer them for sale, and turn your old jewelry into a profitable investment. 

Finding the Value of Your Precious Metals

 Locate the spot price (found online) for gold and silver, then determine the melt value of jewelry. You won’t get the spot price because buyers must cover their overhead and still make a profit. Your goal when selling gold and silver should be about 90 – 95% of the spot price.

The melt value is also found online and is calculated using a combination of the weight and purity of gold and silver. You should expect to receive between 70 – 80% of the melt value.

Finding the Value of your Diamonds and Other Gems

Knowing a little about the history of diamonds helps to understand the first step to finding the value of your diamond jewelry. It is important to remember you will never get your purchase price. Have everything professionally appraised by several appraisers to get a sense of the real value of your jewelry.

Locating a Reputable Dealer

Operating in the Phoenix area for 30 years, Ralph Mueller & Associates has an impeccable reputation for their valuable appraisals and professionalism. They are members in good standing with the BBB and have many satisfied customers.

Ralph Mueller guarantees that when you convert your jewelry into cash, you will be satisfied. Experienced gem experts use state-of-the-art equipment to identify and grade your products. The grading experts follow the standards established by the Gemological Institute of America. They rank using color, karat, clarity, and weight. For gold, the criteria includes purity, weight, and spot price.

If you need a dealer with integrity, who also knows the history of diamonds, so you can turn your precious metals and gems into cash, visit Ralph Mueller & Associates website to fill out a contact form or call  (480) 949-9299.