If you’ve ever thought about selling your gold jewelry or coins, now might be the best time to do it. Over the past several years, gold has continued to hold strong, and while the numbers move daily, the value has remained significantly higher than what we saw a decade ago. But what does that mean for you as a customer? Is it really worth selling your gold now? And does every type of gold jewelry bring the same return?

Keep reading as we walk you through what’s happening with gold prices, why they remain elevated, which items are most valuable, and how to know whether it’s the right time for you to cash in. Whether you have a broken chain collecting dust, inherited gold jewelry you’ll never wear, or old earrings missing their matches, this could be the perfect time to turn them into something useful, like cash in your hands.

Why Are Gold Prices Still High?

Gold is unique among precious metals because its value is influenced by both supply-and-demand and global economic confidence. When the stock market is unstable, inflation is high, or global events create uncertainty, investors tend to buy gold. That extra demand drives the price upward, and in recent years, that demand hasn’t slowed down.

Even when prices fluctuate, they continue to stay elevated compared to past decades. For instance, according to Nasdaq, ten years ago, gold averaged around $1,158 per ounce. Today, it consistently stays well above $2,000 per ounce, reaching all-time highs of close to $4,000 per ounce in the last month. That means your gold jewelry, whether it’s brand new or 40 years old, is worth significantly more today than it would have been just a few years ago.

In short, even if gold dips slightly from week to week, it’s still considered a strong and unusually valuable seller’s market right now.

What Do High Gold Prices Mean for You as a Customer?

High gold prices mean you have leverage. Whether you sell for cash or trade your gold in toward a new piece, you’ll get more value today than you would have five, ten, or twenty years ago. Many of our customers are shocked when they finally bring in old jewelry and find out how much it’s worth. Things like broken chains, outdated class rings, mismatched earrings, and tangled scrap gold are suddenly valuable, and that surprises people who thought they needed big, bold pieces to make money.

The other benefit? You don’t have to time the market perfectly. That’s our job. You don’t need to know if gold is going up or down next week. The fact that prices are historically high means you’re already in a winning position.

What Types of Gold Bring the Best Returns?

Not all gold is created equal. Here’s what truly affects your payout:

1. Karat Purity

Gold purity is measured in karats. The higher the karat, the higher its pure gold content and the higher its value.

• 10K gold = about
• 41.7% pure
• 14K gold = about 58 % pure
• 18K gold = about 75% pure
• 24K gold = 99.9% pure (usually in coins and bars, not jewelry)

Many pieces are stamped, but if yours isn’t, don’t worry, we test everything on site.

2. Weight Matters

Gold is purchased by weight, so heavier items generally bring in more value. Gold coins are often profitable because of their density.

3. Condition Doesn’t Always Matter

One of the biggest misconceptions is that gold must be in perfect condition. This is not true.
Broken clasps? Dented ring? Single hoop earring? As long as it’s real gold, it has value.

4. Designer Pieces May Be Worth More

If you have branded jewelry like Cartier, David Yurman, Tiffany & Co., or pieces with original paperwork, sometimes their resale value exceeds their gold melt value.

How to Know If It’s Time to Sell

Ask yourself these questions:

• Am I wearing it?
  If it’s been sitting in a drawer for years and you don’t plan on wearing it, the only value it’s giving you is potential value.
• Could the cash serve a better purpose?
  Many of our customers sell gold to:
  • • Pay down debts
    • Build savings
    • Buy a new piece of jewelry they will wear
    • Fund vacations, weddings, or family events
• Is this an emotional heirloom or just old jewelry?
  There is a big difference between meaningful family pieces and accidental inheritance of tangled chains. You never have to sell anything sentimental, but you also shouldn’t feel guilty letting go of unwanted jewelry.
• Would I get a better piece by trading up?
  If you’ve been thinking of upgrading your wedding ring, or getting a new bracelet or watch, trading in old gold can make that purchase much more affordable. At Munchel’s, when you trade in, you will receive more in value from your old gold when it’s applied to something else in our store.

Why Selling to a Jewelry Store Matters

Not all gold buyers are equal. Pawn shops and pop-up events often offer far less than a trusted jeweler like Munchel’s Fine Jewelry.
A reputable jewelry store:

• Tests your gold in front of you
• Weighs it accurately and transparently
• Gives fair, market-based pricing
• Offers cash or superior trade-in value
• Respects heirlooms and never pressures you to sell

We want you to leave confident and feel like you made a sound decision to sell your gold.

Ready to Find Out What Your Gold is Worth?

Gold prices are still high, and that means your old or unworn jewelry may be worth more than you think. Whether you’re looking for extra cash, want store credit for something new, or simply want to clean out forgotten items, now is a smart time to see what your gold is worth.

Visit us at Munchel’s Fine Jewelry today and bring in your old gold jewelry and coins. We’ll evaluate it for free, walk you through the process, and let you decide what happens next. You’ve got nothing to lose, and potentially a lot of value to gain.