Gold is at the highest price it’s been since 2013. At $1,650 per ounce, you could make bank off one piece of jewelry you never wear.
But with everything else going on in the world right now – the coronavirus spreading, a contentious presidential race, global warming, etc. – searching for gold jewelry and watches in your dresser drawers probably doesn’t make your priority list. However, if you sell your gold today, you might walk away with a bunch of cash.
A lot of factors are driving up the price of gold. For one, the worldwide coronavirus is wreaking havoc on the global economy, and the U.S. markets are spiraling downward with uncertainty (because when markets have high volatility, the price of an asset can change dramatically over a short time period of time in either direction.) As awful as it sounds, COVID-19 makes now an ideal time to sell your gold.
This advice doesn’t only apply to collectors and millionaires. Here’s an example: you find a gold chain bracelet in your bedroom drawer. You vaguely remember getting it as a Christmas gift 20-plus years ago from an aunt you barely remember. Sentimentality aside, you make an appointment to have it appraised and are shocked by its value: over $1,200 for the piece. Of course, that’s when you continue digging around in every drawer in the house looking for more long-forgotten jewelry.
Basically what to look for is a “stamp” on the jewelry or watch, which lets you know the gold is real. If it’s stamped with a name like Tiffany & Co, your gold piece will be worth even more. This includes coins, gold pieces and Rolex watches – the older the better.
The most important thing to remember is now is the best time to scour your jewelry drawers for disregarded pieces. SELL THAT GOLD!
Read The Latest News From Samuelson's
The History of the Cartier Love Bracelet
The History of the Cartier Love Bracelet Have you ever heard of a bracelet that locks? No, not with a clasp or a hook. Cartier’s Love bracelet uses tiny screws that join the bottom and top halves. Inspired by the free love movement in 1970s New York…
Financing your purchase through our Affirm Partnership
We’ve got some big news! For the first time ever, you can buy jewelry, watches, and other fine goods on our website. You can browse our full-collection online or in person and discover what catches your eye. We’ve also made it easier than ever…
Meet the Key 10138, a 101.38 Carat Pear Shape Diamond up for Auction at Sotheby’s!
Meet the Key 10138 Move over, Hope Diamond - there’s a new diamond in town. Weighing in at a whopping 101.38 carats, Sotheby’s is auctioning off a pear-shape D color flawless diamond for an estimated $10-$15 million. Here’s the kicker: unlike…
Why a Rolex Watch Makes the Perfect Father’s Day Gift
Why a Rolex Watch Makes the Perfect Father’s Day Gift Wondering what to get your dad for Father’s Day? We’ve got you covered. One of the most timeless gifts (pun intended) is a Rolex watch. They’re beautiful, stylish, functional, and impeccably…