Tips to consider before selling your gold

August 24, 2011 10:57:59 PM PDT
With gold selling at well over $1,7000 an ounce, many may be considering selling their gold jewelry to cash in.

But before you sell off those family heirlooms, there are things you should know.

Make sure your gold is weighed by the gram, and not by the penny weight which is often just a sneaky way to pay you less.

Check the current market price at to make sure you get the right value. Shop around and have your jewelry appraised to ensure you're getting the best price.