13 gold and jewelry terms to know

Selling jewelry and gold can always be a great way to turn old, tucked-away items into cash – especially when the price of gold is as high as it is right now. But before getting involved in the market, it can be helpful to understand exactly what you’re getting into from a selling perspective.

Here are 13 key gold and jewelry terms to know to help educate yourself.

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Pawning gold and jewelry vs. Selling gold and jewelry

Because the price of gold is higher now than it has been in years, many people are looking for the best possible way to turn their gold and other precious metals into cash.

When it comes to making quick cash, many people turn to pawnshops as a means of turning their gold, jewelry, and other items into money. On the other hand, many prefer to sell their items outright to get the process over with quickly and to walk away with cash in their hand. But which is better – pawning or selling?

Jewelry has a high retail markup compared to an item’s actual market/secondary value. Here is a breakdown of the key differences between pawning and selling to help determine which can produce the best value for your gold, jewelry, and other precious metals.

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How to tell if your silverware is real sterling silver

Whether you’ve recently inherited some antique silverware or are looking to get rid of those pieces that have been collecting dust in your china cabinet for years, there’s a chance you may be able to fetch a fair amount for it. But how much your silverware is worth depends mostly on one thing: Is it sterling silver or silver-plated?

Here is a breakdown comparing sterling silverware to its most common silver substitutes, as well as a few tips on how to tell if your silverware is real sterling silver or not.

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What to expect when selling a diamond

Selling diamond jewelry can be an extremely frustrating and overwhelming process. First and foremost, the item up for sale is most often a wedding ring or engagement setting, which can bring with it its own emotional challenges and difficulties.

Second, most people selling a diamond expect to receive a great price in return – at least, a price fairly close to the one they originally paid. This is rarely the case, however, and can result in dissatisfaction and added frustration for the seller.

To further complicate matters, it is difficult to know if the price you’re being offered is good and fair – or how to go about finding a good price in the first place.

Here is a breakdown of what you should expect when selling a diamond and how you can go about making sure you receive the best possible price.

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How to sell dental gold

Most people are familiar with the common practice of selling their old gold or silver jewelry, but your old dental work may also have a fair value of its own. If you have old dental crowns or bridges stored away that you’re not sure what to do with, there’s a chance they may contain gold or other precious metals.

Here’s a breakdown of everything you need to know about how to sell your dental gold.

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