Are you looking to earn extra money by selling gold jewelry that you do not use anymore? You will need to find a legitimate appraisal to make sure that your valuables are correctly valued, so you obtain the best prices for your gold. Before you sell gold in Phoenix, you should do some research to ensure you to get the best value for your jewelry.

Valuation

Always find an independent and legitimate gemologist. They will be able to determine the real value of your jewelry. The price is determined by purity, weight and daily spot price on the stock market. Ralph Mueller & Associates sell gold in Phoenix and advise customers to always conduct thorough research on the current gold prices before making a trade. Purity is determined using an electronic tester, acid or scratch test, and a fluorescent X-ray scan. After purity is determined, the weight is determined in grams and the real value is calculated using current gold prices.

Understand the scales

Since weight is a major determinant of the real value of gold, make sure that your possession is measured using the standard scales. Most jewelers use a Troy ounce standard scale. Others use a pennyweight (dwt) to measure a Troy ounce. A pennyweight is the equivalent of 1.555 grams. Make sure that the correct weights are used to avoid being cheated.

Know your Karats

Before you attempting to sell gold in Phoenix, engage an independent gemologist to determine the karats in your jewelry. Karat values will be different in every piece. This is why consulting a legitimate and independent gemologist, is best when you are looking to sort your jewelry into different karat categories.

Shop around

After determining all these factors, the last thing you need to do is make sure that your buyer is legitimate. Legitimate and established jewelers will always offer you the best prices for your jewelry.

Before selling your jewelry, visit as many jewelers as possible to make sure you are getting the best value for your jewelry. Ralph Mueller & Associates buy and sell gold in Phoenix and offer the best gold prices in the Phoenix and Scottsdale regions. Contact them today to arrange the sale of your old gold jewelry and gemstone pieces.