Auction - Jewellery
Tricks for selling gold jewellery for the best price
Use these seven nuggets of advice to ensure you get the best offer when selling gold jewellery.
Selling unwanted gold generally is a quick way to earn extra cash, but getting the best selection isn’t simple. There are lots of specialist cash-for-gold companies available, however, these may not give you the best price. Selling gold into a high street jeweller or by using an online trading website for example eBay will take more time, but it’s likely you’ll be provided more money. Take a peek at these tips to ensure you get the best selection when selling gold jewellery. Find out more: 50 strategies to make money – our comprehensive money-making guide |
- Consider the most effective time to sell gold
It’s therefore worth looking at the state of the economy when selling gold. If you think harder times are saved to the horizon, it will be worth longing for gold prices to increase.
Nevertheless, as with every investment, it’s tough to accurately predict future rises or falls in value.
- Don't rush to cash-for-gold companies
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Using an expert cash for gold company might appear convenient, but previous Which? studies have shown it's unlikely to obtain the most money so they could earn your silver.
We found prices supplied by cash-for-gold companies compared poorly with high-street jewellers, pawnbrokers an internet-based gold buying services. Compare prices from numerous sources as possible before selling your gold.
You will also have a valuation from standard jewellers to provide a firm thought of what your gold may be valued at.
If you are doing send your items to your cash-for-gold company always obtain a valuation first. If you think it’s an unhealthy deal, you may ask for a better price or request the return within your gold.
We found prices supplied by cash-for-gold companies compared poorly with high-street jewellers, pawnbrokers an internet-based gold buying services. Compare prices from numerous sources as possible before selling your gold.
- Get a value on your gold
You will also have a valuation from standard jewellers to provide a firm thought of what your gold may be valued at.
If you are doing send your items to your cash-for-gold company always obtain a valuation first. If you think it’s an unhealthy deal, you may ask for a better price or request the return within your gold.
- Haggle before you sell gold
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Don't be worried to haggle if you agree you're not offered enough on your gold.
Check the amount of jewellers you will discover in your area. If you can find several competing for business, you might find they’re more happy to negotiate over the most beneficial price for ones unwanted gold, in particular when you’re offloading plenty of jewellery. |
Gather quotes between many jewellers, then play them off against one another. See our tips on haggling etiquette to boost your chances of an effective negotiation.
As you're potentially selling a pricey item, it helps to build up a good level of positive feedback business site users so buyers know you happen to be trustworthy.
Find out more: selling goods safely on eBay - tips on how to set up and utilize an eBay account
- Sell gold online
As you're potentially selling a pricey item, it helps to build up a good level of positive feedback business site users so buyers know you happen to be trustworthy.
Find out more: selling goods safely on eBay - tips on how to set up and utilize an eBay account
- Look with the value of the complete item, not only the gold
Gold buyers usually are interested only in the valuation on the metal creating gold items, as an alternative to any precious stones included or the worth of the craftsmanship.
Cash-for-gold companies may remove stones from gold jewellery and discard them when you send off rings, earrings and necklaces set with precious gems - preventing from cashing in for their value.
Likewise, high-fashion or branded jewellery might be priced at more if kept whole, than in case you sell it on for melting.
Other items, including old coins, medals and keepsakes, will probably be worth far more than you'd ever receive from your cash-for-gold firm, or even at a non-specialist street jeweller.
If you think any stuff you own acquire more value than only the gold within them, are antiques or could possibly be of interest to collectors, make them properly assessed and valued before selling them.
Cash-for-gold companies may remove stones from gold jewellery and discard them when you send off rings, earrings and necklaces set with precious gems - preventing from cashing in for their value.
Likewise, high-fashion or branded jewellery might be priced at more if kept whole, than in case you sell it on for melting.
Other items, including old coins, medals and keepsakes, will probably be worth far more than you'd ever receive from your cash-for-gold firm, or even at a non-specialist street jeweller.
If you think any stuff you own acquire more value than only the gold within them, are antiques or could possibly be of interest to collectors, make them properly assessed and valued before selling them.
- Compare cash-for-gold companies' reputations
If you're determined to employ a cash-for-gold firm, research their reputations online. This might assist to flag up firms you'll rather avoid.
Type names of specific cash-for-gold firms in to a search engine to investigate reviews or comments regarding their service. Make sure to ignore paid adverts.
Type names of specific cash-for-gold firms in to a search engine to investigate reviews or comments regarding their service. Make sure to ignore paid adverts.
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