GOLD JEWELLERY - Am I right to sell?

dmreader

Hello,

I have been searching through my old (mostly broken) jewellery and have found many items I no longer wear and have no use of. Recently I have seen and heard TV and radio adverts for companies offering to exchange unwanted gold for cash.

Will I recieve a good deal from these companies (and if so, which offer the best prices) or is there an alternative?

I haven't seen any threads on this forum concerning this but if there is please direct me to them.

Many thanks

ginnyknit

Gold is at a very high value at the moment so I would imagine its a good time to sell. I got a kit off them but only have silver to get rid of, though it is quite a heavy bag so am going to post it off tomorrow, will let you know how it goes.

Rowan9

I sold some gold jewellery last summer and got a good price even then. I did go to a jewellers though and got a receipt, then they sent it off for testing. Good price and was glad to do it. Price will be even higher now
W

irishwexford

I thought about doing this but would have no idea what a good price should be. Our local paper has an advert for local jewellery shop offering to buy gold so may pluck up courage to go along (or perhaps send O.H)

erichamster

Having seen loads of these adverts atm, I never knew so many people had these piles of unwanted gold in every drawer and cupboard, I certainly haven't. Anyway the best one seems to be cash4gold as they say if you can find a higher price they'll double it. But I still have no idea how much they actually offer but as its scrap value would still imagine as long as your stuff isn't broken then you would get more in a jewellers?

nanokitten

get an idea of the gold price (scrap prices at the bottom).
http://www.cooksongold.com/mp/prices.jsp
They change twice a day so be aware that what you are quoted wont be the same if you wait even half a day.
Look at the graphs over a year to get an idea of the trend, the price is pretty stable at the mo, not as high as it was 6 months ago, but still pretty good. Get a few quotes before you make your mind up.

Penelope_Penguin

Take a look at this recent thread on selling gold I'll move this thread to the same board, and it may be merged.

Hi, Martin’s asked me to post this in these circumstances: I’ve asked Board Guides to move threads if they’ll receive a better response elsewhere (please see this rule) so this post/thread has been moved to another board, where it should get more replies. If you have any questions about this policy please email [EMAIL="abuse@moneysavingexpert.com"]!!!!!![/EMAIL].

dave-_3-2

Cash4gold offer £3.50 per gram of 9ct gold so probably the worst buyers.

nexuss

Trading standards are currently investigating all these gold buyers as a lot are offering just 25% of their true value.

~~Diane~~

I sent some jewelry off last week, got my cheque on Saturday and sent it straight back. The cheque was for a fraction of the price quoted on their website. In fact I got more for it a couple of years ago pawning it when I was strapped for cash.

I think I'll be putting it on ebay when I receive it back.

Poorbuthappy55

My local independent jeweller was buying for £4.50 per gram at the end of last week but it does fluctuate.