When selling gold anywhere, there are a few important things that you ought to keep in mind. Understanding that gold is rare, pennyweights and grams are not equal, and that gold value goes down and up will help you to better choose the best time and location to sell your valuable gold jewelry.

Gold is Rare

There is a very limited amount of gold available on the entire planet, and much of that came from meteorites a few billion years ago. It might sometimes seem like gold is everywhere, but the actual amount is finite, which is why it is so valuable. When you go to sell gold Arizona dealers want, remember one of the most important facts about gold: it really is rare.

Pennyweights and Grams Are Not Created Equal

 Before you actually sell your gold, you or the dealer will need to figure out how much the gold weighs. There are two ways that gold is often weighed: pennyweights and grams. It's important to know how your gold is weighed to make sure you are paid a fair price. One pennyweight is equivalent to approximately 1.56 grams.

Gold Is Down and Gold Is Up

Selling your gold is often about timing. The actual cash value of gold fluctuates. It might be really high one day and really low the next. Luckily, there are usually trends with gold. Often, the price will rise for a while, then drop again. Then it will go through another period of rising before dropping again. The trick to getting the most for your gold is to try to sell when the value is at its peak, just before it drops. Be careful, though; wait too long, and your gold might not be worth as much as you hoped.

When selling gold, it is important to keep the above facts in mind. Find a trustworthy dealer that will fairly weigh and pay you for your gold jewelry. Arming yourself with knowledge about your gold now should help you get a fair price later on.