A Guide To Gold Buyers: What Exactly Do They Buy

Tips Tricks

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You have probably seen many advertisements for We buy gold companies over the years. You have likely sold some leftover gold jewelry through them. But did you know that We Buy Gold companies buy more than just gold jewelry? You can sell all types of precious metals, such as silver and platinum, which can come in many forms. 

Continue reading the article below to learn more about the many things these companies buy online and whether you have anything worth selling.

Jewelry

Cash for gold buyers will take almost any jewelry you have. The one exception is gold plate jewelry, as there isn’t enough gold on the jewelry to repurpose. Gold-filled jewelry is the only gold jewelry a We Buy Gold company will touch. Their value primarily depends on the amount of gold in the jewelry and its purity represented in karats.

Your gold-filled jewelry will likely have a hallmark denoting how much gold is proportional to other metals, either one fifth, one-tenth, or one-twentieth.

Karats are represented as a number with a lowercase “k” next to it. The highest quality gold is 24k, and the smaller you get from that number, the lower the gold purity becomes and, consequently, cheaper.

Coins

We Buy Gold companies will buy almost any silver and gold coins; however, it’s essential to know how to differentiate them so you can choose the best ones to sell. Below is a list of every coin available to trade:

  • Uncirculated coins: These are official coins that have yet to enter circulation; they are usually rarer and therefore more valuable.
  • Proof Coins: Proof coins are coins created explicitly for the collectors market and are rare due to their limited availability.
  • Numismatic Coins: These coins hold value due to their historical significance rather than the precious metal they have. A favorite among collectors, and depending on their historical importance, can be worth quite a lot.
  • Commemorative Coins: are coins created by the US Government to commemorate an event or raise money for a national museum or park. They are made with limited quantities in mind to be quite valuable.

Diamonds

Four factors go into evaluating a diamond’s worth; color, cut, clarity, and carat.

Diamonds are prized for their purity, so any coloration to a diamond usually devalues its price. The same principle applies to clarity: any blemishes outside or inside the diamond will lower the diamond’s value.

How a diamond is cut will determine how light interacts with the rock, affecting its beauty and, therefore, its value. Finally, the carat of a diamond determines a diamond’s density, or how much a diamond weighs relative to its size.

Bullions

Bullions are gold and other precious metals melted in a bar shape and valued by their weight. Bullions are popular among investors looking to put their money in a physical object, rather than stocks are other speculative products.

You Might Have a Lot Of Cash Sitting Around The House

 As we have shown, We Buy Gold companies will buy much more than just gold jewelry. If you need some quick cash check around your house, you might be surprised by what valuables you offer.

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