Should I Sell My Antique Gold And Jewelry Now or Wait Longer?
- Posted on 13th April 2017
- in Antique Gold and Jewelry, Antique Jewelry, antique jewelry appraisal, Antique Jewelry value, Estate Jewelry
- by Alan
If you collect antique gold and jewelry, you may have heard that the value of these items changes on almost a day-to-day basis. This can make it difficult if you want to sell your items, as you may question whether it is better to sell now or to wait. While a trip to a professional jeweler or antique dealer can give you some guidance on current and future market trends, there are other important factors that you can consider on your own.
Understand the Value of Gold
For thousands of years, gold has been one of the world’s most valuable substances. Originally used as a currency, gold is still highly valued today due to its rarity, and there are many reasons that the substance has had enduring value. Gold is stable and does not rust, and it can easily be shaped into jewelry, coins, and other valuables. This malleability led to the creation of a variety of items that are considered prized antiques in today’s market.
Remember that Gold Prices Fluctuate
The value of gold is tough to pinpoint because the price fluctuates constantly. Gold is traded on numerous financial markets, and if you want to sell your gold or gold jewelry today, you need to be concerned about the spot price, or the current price for which gold may be bought and sold. This is different from future prices, which are prices that are based on the predicted gold values.
Consider Your Financial Situation
Once you have a better idea about the current price of gold, you’ll need to consider your financial position when you decide whether or not to sell. The best time to sell your gold or gold jewelry is when you need the money, and if you sell your pieces today, you’ll get cash that you can spend in other places. In some cases, you may be able to take the money gained by selling your gold and jewelry and invest it elsewhere for an even higher return.
Talk to an Antique Dealer
If you are still confused as to whether or not you should sell your antique gold and jewelry today – or to wait it out – talk to a reputable antique dealer. These antique professionals know about the trends in gold and jewelry values, and they will know what the market looks like today. They may be able to provide a historical analysis of the value of gold over the years so that you can know if the current market is at a high or low point.
Antique dealers like Sarasota Antique Buyers can also provide you with a value of your items – or what they would sell for should you take them to an auction today. If you are happy with the value and choose to sell immediately, we can provide a bid that is just under that value. You’ll know that you got a great deal and will leave with money in your pocket. Call us today to learn more.