Gold Valuation or Sell?

coxella

I have a gold necklace which is many years old which I am led to believe was worth about £600 (according to my dad). I took it into a gold buying business and was offered £340 (obviously declined). What is the best thing to do, is it send it via the jewellers to be professionally valued, or keep pimping it around gold buyers? I don't want to be ripped off but trouble is I don't know the value which I should be looking for. Please advise if you have done similar.... Thank you for looking.

Nile

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lincroft1710

Whereas £600 may (or may not) be its retail value, you won't get that from the trade.

You can try other jewellers, antique dealers who deal in jewellery, cash for gold sites, eBay, bricks and mortar auction houses which specialise in antique sales (you'll have to pay commission). With a BAM auction house you can set a reserve and you may get an idea of its auction value beforehand.

There is of course no guarantee that you'll get anywhere near what you think the piece is worth.

jenhug

have a look on hatton garden metals website for a true value of weight for scrap gold value, should be around twice what high street jewellers offer you. (I've used them twice, great service)
Then take it into a real jewellers and ask for a valuation. (think of a little old place that isn't all bright lights and chain store style!)

Norman_Castle

Does the valuation show the weight?. If so compare online. Lois jewellery has been recommended on here before and has online valuation.

http://www.lois-jewellery.com/