Sell Gold Online By Post & In person - Simple Guide
When you want to sell Gold to a Gold Buyer you need to follow the 4 steps here ie
IDENTIFY - WEIGH - CALCULATE - SELL
1/ Identify each carat of gold you may have and wish to sell ,
2/ Weigh each carat of gold
3/ Calculate the price we would pay for each carat using our gold price calculator eg total value of your 9 carat gold and get a total and Finally
4/ Sell your gold to us We will buy any type of gold. Remember the price for gold our calculator shows is the price you will get providing your weights and carats are correct. Remember also weight can be deducted for stones, springs, and non-silver metals etc Either send your gold to us or call in.
Step 1 Identify Gold Carat - Use The Hallmark Chart
Please use the above hallmark chart to sort your gold out into piles.
NB It is important to remember that whilst UK Hallmarking Law is strict and you can read more about Uk Gold Hallmarks and the law here Gold bought from many countries abroad is not often tested to a certain standard so what is sold to you as 14 or 18 carat abroad can fall under that purity. We have often had rings marked as 18 carat that test as 16 carat and rings marked as 14 carat testing less than 13 carat, see some of our Gold Purity XRF test results here
You want to get the most for your gold, we understand that , but we cannot afford eg to pay 14 carat prices for gold which is less than 13 carat
Step 2 Weigh Each Pile of Gold Separately
Weigh each separate pile of gold that you want to sell (ie the gold that you have split into its various carats) and record the weights in grams. If you only have kitchen scales, your weights will be approximate. if you can only weigh in ounces then remember that cooking scales will calculate an ounce as a cooking ounce (28 grams) whereas as Jewellers scales calculate an ounce as a Troy ounce ie 31.1 Grams .
Non Gold /Silver metal/stones etc
NB we do not pay gold or silver price for springs, wire, stones, and metal in your Gold or Silver . We will deduct a fair weight for all non-gold /silver metal in your items in-line with industry practice. remember there are springs in clasps, & wires in bangles as gold and silver is not flexible. Your gold and silver items might also have stones. we do offer good diamond prices for diamonds above 25 points.
NB if you have unhallmarked gold including Asian and foreign gold then call us on 0121 448 0488.
Step 3 Calculate the Value of Your Gold
A lot of online gold and silver calculators today simply show the spot price( the fix) for the precious metals.Spot price is the FULL market price for gold and silver This is not the same as showing the price they actually pay for gold and silver. All gold and silver buyers pay a percentage of the price or they wouldn't make a profit and as a seller you should ask yourself why they prefer to show you the full market price or gold rather than the price they actually pay you Alarm bells should ring if their gold site shows you the spot price first with their calcultor hidden below. Our gold calculator shows the actual price we pay you and is up ton date.
Using our online gold calculator
First click on the white space right of the carat/purity section of the calculator (roughly in the middle where it shows 9 carat first) The drop-down box will show up
Select the carat you want to get the value for . In this case we have selected 18 carat.Then enter the weight of the eg 18 carat that you have weighed in the previous step. In this case we had 1 gram of 18 carat which is worth £22.07. (as at 10/10/17.) Prices could be up or down since then but remember the calculator rate changes daily. NB You don't have to press any more buttons, the price of 18 carat gold shows up in red as soon as you have entered the weight
NB NB If you have gold coins do NOT enter the weight. Just select the type of coin ie Sovereign, Half-sovereign or Krugerrrand and enter the number of them you wish to sell
Finally remember also weight can be deducted for stones, springs, and non-gold metals etc. Its a good idea to estimate weight loss at this stage if you can. If not we will agree with you a suitable amount via the phone call we will make to you.We can pay more if you have diamonds etc.
Step 4 Selling Gold & Silver to Us
Once you have established the price for your various gold carats you can ...
1/ Call in to sell your gold Visit our Gold & Silver Counter Page Here
2/ Post Your Gold. To Post Gold and Silver To us Read our Postal Gold & Silver Page Here
3/ Telephone Us on 0121 448 0488
Consider whether your gold jewellery item is worth more than the scrap gold value .
Is My Gold & Silver Jewellery Worth More Than Scrap?
Now we do pay more than scrap for certain items but please read on so you understand how it works. You may well value some of your jewellery items as being worth more than scrap. Deciding what gold items to sell for scrap is a difficult decision but this article has been written to guide you. After all nothing is more soul-destroying than spending huge amounts of valuable time and effort trying to sell your Gold and Silver jewellery items and meeting with negativity.
There are three main factors to take into account when deciding whether a Gold or Silver ring, necklace, bracelet etc is worth more than scrap. The first is condition, the second is the type of hallmark and the third is market demand.
Let's look at each of these factors in turn
Condition is everything with regard to Gold jewellery. remember that any jeweller will examine a piece of jewellery under a high-powered magnifying glass or loupe. . Gold and Silver jewellery may be scratched, chipped, misshapen, with a worn shank in the case of a ring or worn links in the case of a necklace or bracelet. The hallmarks can also wear down and be illegible in some cases.
If the ring has stones then the condition of these stones must also be taken into account. Even diamonds can be scratched or chipped and many softer stones wear badly . Diamonds Rubies and Emeralds are the top-value stones but if they are damaged their value plummets . Diamond retailers make a colossal profit when they sell diamonds, sometimes in excess of 1000% and tiny diamond chips or very small stones have little value in today's marketplace, especially when you consider any jeweller can buy diamonds from a diamond wholesaler at a fraction of the price a similar diamond might have cost you.
Returning to the matter at hand, the problem is that it costs a lot of money to refurbish a piece of Gold or Silver jewellery and you must take this into account if trying to sell privately. private Buyers will examine every facet of the item and a small scratch can make a sale difficult. At the same time you also face the usual hassle of finding a private buyer and online selling fees (eg ebay) can be very high. Refurbishing a stone is equally costly.
2/ The Type of Hallmark
Many gold and silver jewellery items that you own, such as rings, chains, bracelets, necklaces etc may not be fully hallmarked. They may also have a foreign hallmark. Be aware that any type of hallmark other than a full UK hallmark makes it difficult to sell your item on to a private buyer, because only a full hallmark is proof that the purity of the gold content has been tested by an Assay office. For more information about the importance of hallmarking please refer to our gold and silver hallmarking article Be especially careful when trying to sell Gold that has a foreign hallmark eg 14k 18k 22k or 14ct 18ct 22ct etc because in many countries around the world the hallmarking laws are far less strict than in the Uk. We have had for example Gold rings being brought in to us with a 22k mark stamped on them and they have been xrf-analysed at less than 17carat. Please refer to this article on Gold Hallmarking. If in doubt phone us on 0121 448 0488 for advice.
3/ Market Demand.
The third factor is of course market demand. fashions and tastes change and many Gold and Silver jewellery items simply fall out of fashion. At the same time many people shun pre-owned jewellery items as they prefer to buy new. Consider what age group would be interested in purchasing your Gold and Silver jewellery item and remember that certain older age-groups are no longer in the market for jewellery. The key purchase group by age and disposable income is currently the 35-50 age group. Remember also that most stones in 9 carat gold are not valuable. More valuable stones are normally set in 18 carat or Platinum.
Of course there is always a market for certain antique and vintage items of jewellery, especially vintage named items eg by Asprey, Tiffany, Cartier etc and these items are certainly not scrap UNLESS they are in rough or damaged condition.
It is a given fact that you must maximise your return when you want to sell your antique, vintage and modern gold and silver jewellery. However look at all those jewellery items that you value morte than scrap and check the condition of the metal and the stones first after which you should be realistic as to the chances of the demand for the item in question being strong enough for you to sell it on.
Remember as we say on our website ..."...Scrap Gold or Silver price is NOT bottom price!. Cash for Vintage companies not only do not publish their prices they also offer considerably less than scrap. So if they can't re-sell your item as vintage or antique they still earn by selling the item to companies like us . We pay the highest prices for antique, vintage and modern gold and silver jewellery and scrap. How? We will pay even more than scrap for the right antique, vintage or modern gold or silver item and without the heavy fees charged by ebay and auction houses..."
For more information visit our Sell Gold & Silver Antique, Vintage & Modern Jewellery Page