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When You Sell Gold In Albuquerque by Sam Aston
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When You Sell Gold In Albuquerque |
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Business
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Because the gold prices worldwide are now at the highest levels that have been seen in decades, it has become a very opportune time to consider whether you want to sell gold in Albuquerque. Receiving cash in exchange for your gold jewelry is really a very easy process, however to guarantee that you get the most you can for your gold, it helps to learn a little bit about the gold buyers Albuquerque and how they determine your gold values. When you go to sell gold in Albuquerque, the first thing that the gold buyers will need to do is to verify that your jewelry is indeed gold. Even though a piece of jewelry may be marked as gold, it could be only gold plated or gold filled, so testing is typically required. Gold buyers will often do a scratch test in which a very small and non-visible part of the gold is scratched lightly and then tested with special gold testing chemicals. If you have more than one type of gold jewelry -- for example some of the pieces are 10 karat and others are 14 karat, then the types of gold will need to be separated and verified independently. Once the gold has been verified, the gold's value will be determined by weight. The gold buyers will weigh the gold on a specialized jewelry scale that is configured by the Troy ounce. The Troy ounce is different in the standard U.S. scale because in a Troy ounce scale, 31.1 grams equal one ounce. However, standard scales measure 28 grams equal to one ounce. When you sell gold in Albuquerque, the gold buyers will give you a price for each type of gold that you bring in. The lowest valued type of gold is 10 karat gold because it is actually only 10 parts gold and is mainly other metals. The next lowest value is 12 karat gold, which is exactly half pure gold and half other base metals. 12 karat gold is not commonly seen today but was much more popular several decades ago, but it is worth slightly more than 10 karat gold is. 14 karat gold is one of the more common kinds of gold jewelry made today, and it is 14 parts gold and the other 10 parts base metal. It is more valuable than 10 karat and 12 karat gold because it has more genuine gold in it. Next is 18 karat gold. This is normally the highest karat of gold used in jewelry making today, and it is 18 parts pure gold and the other 6 parts of base metal. You can often spot the difference between 18 karat gold and the lower karats of gold visually: 18 karat gold tends to have more of a buttery yellow color, a more true gold sheen, than 10, 12, or 14 karat golds do. 18 karat gold is usually the highest valued type of gold that gold buyers Albuquerque purchase, but if you have 22 karat or 24 karat gold pieces those are certainly quite valuable and a gold buyer will make an excellent offer to purchase those as well. The best way to get top price when you sell gold in Albuquerque is to sell it to a gold buyer rather than a "mail in your gold" facility. When you have the gold evaluated in person you can actually talk to the buyer about exactly what your gold is worth and why. Although the majority of gold sold in Albuquerque today is jewelry, other gold types like gold bars and gold coins are also quite valuable. Although most gold will be purchased based upon the "melt value" -- how much it's going to yield upon being melted down -- some certain pieces will be more valuable intact. This applies in cases of high end designer jewelry and some special gold coins. Your gold buyer will let you know if any piece in particular is unique enough to be considered apart from the rest of the gold during buying.
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