Selling our old gold

isssey

Hi, I've done exactly that sent my jewellery off to Money4GoldUK and returned their cheque on the very same day of receiving it along with a covering letter. I looked on their website entered my number to track, Status History read: - Hold 7 December 09, Definite Return 8 December 09. Now I understand this to mean that my gold has been dispatched to me....right? Wrong. When finally I received their email response it informed me 'that the return process typically takes 10-15 days'. Nowhere in their correspondence to me or on their website do they inform/notify the return process! I have argued this point with them. Surely some legal action action can be taken against them if they fail to return?

greenfingers99

Hi
I did as others mentioned on other posts. Sent money4gold on email and threatened them with trading standards - quoted various terms from their T&Cs and lo and behold - my items were back within 7 days (i think)

Hope this works for you.

isssey wrote: »

Hi, I've done exactly that sent my jewellery off to Money4GoldUK and returned their cheque on the very same day of receiving it along with a covering letter. I looked on their website entered my number to track, Status History read: - Hold 7 December 09, Definite Return 8 December 09. Now I understand this to mean that my gold has been dispatched to me....right? Wrong. When finally I received their email response it informed me 'that the return process typically takes 10-15 days'. Nowhere in their correspondence to me or on their website do they inform/notify the return process! I have argued this point with them. Surely some legal action action can be taken against them if they fail to return?

weanie

I had a few old gold items - broken or odd earrings, items no longer used etc and also quite a few sovereigns and a some samll gold bars [just 20 gram weights] I went to a coin dealer locally and received a valuation, then I went ot quite a reasonable jeweller specialising ins selling old gold items and I received offers from each.
Finally I travelled to Blackpool and went to CHARDS - they are on the internet too. I received an offer which exceeded both previous ones and a cheque within the hour for my gold. I know it may go uo and down - but I am happy that I got as good as I could a deal on the day. i can recommend the company - it looks to be fair and certainly not 'fly by night' - very established.

DiggerUK

weanie wrote: »

Finally I travelled to Blackpool and went to CHARDS............I can recommend the company - it looks to be fair and certainly not 'fly by night' - very established.

I have only bought gold coins of this company, so do know of them.
Still think that MSE should have a best buy/sell site for gold, same as savings A/C's best buy.
http://forums.moneysavingexpert.com/showthread.html?t=2098815&highlight=

oap

Yes, I think so too, I started this thread (as far as I can remember ages ago) Seems gold is going up all the time.

Best regards
oap

DiggerUK

oap wrote: »

......I started this thread (as far as I can remember ages ago) Seems gold is going up all the time.

When you posted pure gold was 610 per ounce (31.1gms)
Today it is 690 per ounce, two weeks back it went to 730.
A rise of 14% is good in anybodies book, hang on to it unless you need the cash.

http://www.lbma.org.uk/?area=stats&page=gold/2009dailygold

silvasava

I have a number of gold items that I weighed on a postal scale. I took them to my local jeweller who offered me exactly half of what I had valued on Hattons website - no surprise there then. I shall be hanging on to them for a while longer. Just a thought for the people who have gold rings of sentimental value - why not have them re-made into another ring? I did this with my Grandfathers signet ring & my mothers wedding ring & now have something to pass to my grandaughter.
Thanks for all the tips & info everyone & Happy New Year!

oap

What a lovely idea, I knew a lady some time ago who had a bangle made of hers, I have enough to make one I think, but how much does it cost and where do you go to get one made, thank you, I feel guilty about selling them for cash, and as you say you then get to keep them but in a different form.
Cheers, oap

rinroo

I found this thread a few days ago whilst looking for info with regards to selling old gold, after reading through I decided to go with Hatton garden, I sent my gold off on Wednesday via special delivery which they received today, (guessing because of snow) I sent 42g of 9ct gold and they paid me for 41.80g. A bit dissapointed as yesterday price was fixed at £8.14 and today it fixed at £8.01 I know its only a few pence but still, extremley happy with the service provided, would reccomend them!

DiggerUK

There is a thread by MSE Guy, on the news report that the Office of Fair Trading may investigate the sharks in the "We want your old gold pool"
http://forums.moneysavingexpert.com/showthread.html?t=2220857