Stretching Your Shopping Budget With Surplus StoresStretching Your Shopping Budget With Surplus Stores

About Me

Stretching Your Shopping Budget With Surplus Stores

When you're looking to get great products and even better prices, one of the things I've learned is how to shop surplus stores. When you shop a surplus store, you can buy overstock items from your favorite name brands at a fraction of the price. After shopping stores like this for many years, I've learned how to maximize my money when I'm looking at overstock like this. I created this site to help others learn how to save money on their shopping adventures as well. I hope that the information here helps you to better prepare for your next trip out and make the most of your budget.


Latest Posts

Exploring The Benefits Of Candy Shop Gift Stores
30 January 2024

When it comes to finding the perfect gift, a candy

Shopping For A Mini Fridge? Consider These Things
31 August 2023

The full-sized fridge in your kitchen might be the

What To Include When Getting A Custom Mailbox Name Tag
17 July 2023

A custom mailbox name tag not only identifies your

From Hallways To Staircases: How Runner Rugs Can Transform Transitional Spaces In Your Home
19 April 2023

If you're like many homeowners, runner rugs simply

Supporting Cancer Patients Through Donations
7 March 2023

Shopping for a cause can be one of the most meanin

Three Things That Affect The Price You'll Get For Your Gold...And Two That Won't

Everyone seems to be interested in selling their old gold pieces for extra cash. Most households have broken jewelry, single earrings, gold fillings and even gold flatware that they don't want anymore. It just makes sense to turn those items into cash. However, the price you'll get for your gold pieces varies enormously. Though some of this variance is due to the fluctuating price of gold on the world market, there are many other factors that come into play when the gold buyer determines the price they will quote you.

What affects your gold pricing?

1. The spot price of gold/weight. The most important factor in determining the price you'll get for your old gold is the price of gold by the ounce on the world commodity market. Although you won't get that full price, this price relates to what the buyer will get when he resells your items.

2. Carat/purity. The carat of gold indicates its purity. The higher the carat number (e.g. 24k), the higher the percentage of gold in the item. Since gold is a very soft element, no gold jewelry is made from 100 percent gold. The carat marking is stamped on all gold pieces.                                                                   

3. Dealer commission. The commission that gold buyers take for their efforts and their risk (after all, the price could decrease before they resell your items) varies quite a bit among different buyers. It's always a good idea to visit a couple of buyers before making a final sale.

Two things that don't affect the pricing

1. Designer labels. Since the major price determinants for most gold buyers are weight and purity, they will pay the same for a Tiffany piece as they will for a "no name" gold piece of the same weight and carat. If you have pieces with artistic or "snob" value, you're better off taking them to a pawn shop.

2. Gemstones. A gold ring with a diamond in it is worth the same amount to a gold buyer as a gold ring of the same weight without the diamond. For that reason, it's wise to remove all of the stones from your rings and other items before you visit the gold buyer. You can sell gems separately. 

Pricing at gold buyers can seem random and confusing at first glance. However, if you learn the things that determine the price you'll get (and those that don't), you can maximize the amount of money you'll get for your unwanted gold. For more information on selling or buying gold, talk to a company like Certified Rarities.