Thinking of selling your gold necklace?
The reason for selling may be financial — you need money, quick! to pay the rent, mortgage, fix the car, pay for daycare, or any other good reason that is none of anyone’s business.
Reasons for selling may also be emotional.
Whether you choose to admit it or not, jewelry often carries a strong emotional bond with it – for better or for worse.
A piece of jewelry that you know has value, but you no longer like — or perhaps it was an heirloom or antique that you don’t mind parting with.
Whatever the reason, there is a very good chance that extra cash will serve you better than stale memories.
If you want the best place to sell your gold necklace for cash, we recommend CashforGoldUSA, with its A+ BBB rating and payment within 24 hours (more later).
How to sell gold necklaces
1. Check jewelry stamps to understand the value
It's important to understand exactly what your gold jewelry is — the karat of gold, weight, and in some instances, the brand. Familiarize yourself with gold hallmarks, or stamps, that signify the karat of gold — even if you think you know what you have.
This chart gives you an idea of the value of amount of gold per karat in yellow gold, assuming a price of $2,000 per troy ounce:
| Stamp | Purity | % gold | Spot value |
| 999 | 24 karat | 99.9% | $1,998.00 |
| 990 | 22 karat | 99% | $1,980.00 |
| 750 | 18 karat | 75% | $1,220.60 |
| 585 | 14 karat | 58.3% | $1,166.00 |
| 375 | 9 karat | 37.5% | $750.00 |
2. Check today’s gold price
Gold prices go up and down. On May 3, gold prices climbed to just shy of 2020 record highs to $2,072.19 per ounce. Experts expect gold prices to break records this year.
As of , the spot gold value in the United States was trading at $ per ounce, or $ per gram.
Learn more about what affects the price of gold in this post.
3. Research reputable gold buyers
Ask friends and neighbors for recommendations for where to sell your gold necklace, and then do a google or Bing search: look for Better Business Bureau, Yelp! and Trustpilot reviews, look for price-match guarantees, free shipping for online gold buyers.
This post outlines top gold buyers, including in-person gold selling options like pawnshops, antique and jewelry stores, cash for gold locations, gold recyclers, and online gold buyers.
Where to sell gold necklaces
Typical places people sell old jewelry include jewelers nearby, pawn and consignment stores, cash for gold outlets, and online jewelry buyers.
There are safe, reputable sites that will help you sell a necklace and other fine jewelry — including gold, platinum, gemstone, pearl, diamond, engagement and bridal, and designer jewelry, fast, safely and for the highest price. A bonus is that you can ship from your own home, which is both convenient and private.
CashforGoldUSA also buys estate and antique jewelry, watches, bracelets, earrings and loose gemstones and diamonds, too.
3 tips before you sell gold necklaces
To get the most cash for your gold necklace:
1. Know what you have
The value of your gold is based on its weight and quality — not what you assumed it is worth, or based on the retail value you paid, or what it might go for at retail today.
Your gold chain will be valued based on the weight and purity (measured in karats) of its gold content. You can get the melt value of your gold chain with CashforGoldUSA's gold calculator, which factors in the current price of gold. It is important to note that this is the melt value, not an offer:
2. Get an appraisal
You can get an appraisal or quote from a local jeweler, pawnbroker or cash for gold location to understand the value of your item. You can always sell to those businesses on the spot (assuming they make an offer). More here on jewelry appraisals.
Check out your online selling options; our top recommendation is listed below. CashforGoldUSA offers free returns if you choose not to sell with them after sending in your necklace or other jewelry.
3. Don’t accept the first offer + negotiate
You can always negotiate any offer, including with online gold buyers.
FAQs about selling gold necklaces
Common questions about selling gold necklaces:
How much can you get for a gold necklace?
The value of your gold necklace depends on many factors. These include the materials used (quality of gold, silver and/or platinum), the quality of any gemstones or semi-precious stones, if it has a designer luxury hallmark, and the current market value of your necklace.
Gold and other metals are commodities, and their prices go up and down each day — as do the prices of gemstones (which are less volatile).
How much is a gold and diamond necklace worth?
The best way to determine the value of your gold necklace is through a formal appraisal at a local jeweler near you, which I recommend for items valued at $1,000 or more. Otherwise, you can get quotes from local jewelers, pawn brokers, gold buyers, or send your item to CashforGoldUSA to get a quote.
Otherwise, your necklace is likely worth the scrap value of its gold content and any gemstones or diamonds it includes.
Overall, the price of gold is very high, while the price of diamonds is low and sinking.
How much is a gold necklace worth?
The higher the karat amount in gold, the more valuable it is. Again, this depends on the factors mentioned above. A simple, thin necklace without gemstones, will typically be worth between $100 and $200 in scrap prices.
At the time of publication, these are the scrap market prices for a 5-gram gold necklace, according to CashforGoldUSA, which is a good option for lower-priced gold necklaces, silver necklaces, and smaller diamonds — whether they are loose or set in jewelry.
Are gold necklaces worth anything?
The higher the karat amount in gold, the more valuable it is. Again, this depends on the factors mentioned above, which include:
- Type and quality of the materials used
- Quality of any gemstones, diamonds, or semi-precious stones
- If it is from a luxury brand
- Current market value of its metal content (metals and gemstones)
How much is a gold necklace worth?
A simple, thin necklace without gemstones, will typically be worth between $100 and $200 in scrap prices.
As of , the spot gold value in the United States was trading at $ per ounce, or $ per gram.
Here are some recent CashforGoldUSA necklace sales:
14 gold chain necklace with pendant, $390.16 paid:
10 carat gold chain necklace sold for $177.34:
14 gold chain necklace and charms sold for $283.75:
Bottom line: What is the best way to sell a gold necklace?
The best way to sell a gold necklace is to an online gold buyer.
Based on my own personal experience and an exhaustive review of gold buyers, CashForGoldUSA is our top recommendation for selling gold necklaces and any other gold or precious metal items you own.
CashforGoldUSA has very high user reviews and ratings, plus we love that they pay within 24 hours and offer a 10% bonus if you mail your items within 7 days.
Get a free estimate on your gold necklace now >>
Typical places people sell old jewelry include jewelers nearby, pawn and consignment stores, cash for gold outlets, and online jewelry buyers.
You can get an appraisal or quote from a local jeweler, pawnbroker or cash for gold location to understand the value of your item. You can always sell to those businesses on the spot (assuming they make an offer). Check out your online selling options, too.
The value of your gold necklace depends on many factors. These include the materials used (quality of gold, silver and/or platinum), the quality of any gemstones or semi-precious stones, if it has a designer luxury hallmark, and the current market value of your necklace.
The higher the karat amount in gold, the more valuable it is. Again, this depends on the factors mentioned above. A simple, thin necklace without gemstones, will typically be worth between $100 and $200 in scrap prices.
