best place to sell gold on high street

daz378

bought myself a kindle bit guilty about splurging .... so want to sell my
half sovereign ring . think it cost me about 70 pound about 4 years ago....what should i get now? thank you

harrys_dad

A quick search online shows offered to buy prices of about £120 for a half sovereign. No idea if rings make more or less. There are plenty of traders who will rip you off by paying less than it is worth. Why not look in the shops and see what they are selling for first as I doubt they depreciate. Gold prices are rising and above $1700 an ounce now.

doelani

Get it valued a lca jewellers who buy scrap gold. I had some gold t steel, was offered "top price" of £320 from a gold buying shop, went to a jewellers and walked out with £620

daz378

yes i will shop around just wanted a baseline figure......thanks

FireWyrm

Current scrap price for 9ct gold is £399 per ounce at trade but consumer is slightly less. Most soverigns are 18ct so £964 per oz, but remember that the price you get will be less because of the mounting and whether it has to be melted.

Spot price is around the £1000 mark per troy oz now.

However, rings are graded according to rarity. See here : http://www.goldsovereigns.co.uk/forsalerings.html


See here : http://www.cooksongold.com/metalprices/

daz378

went in mays, couple more jewlers only offered me 58 pound, although the bar is twisted at back of ring so was offered scrap value...... il just keep hold of it

FireWyrm

daz378 wrote: »

went in mays, couple more jewlers only offered me 58 pound, although the bar is twisted at back of ring so was offered scrap value...... il just keep hold of it

Yes, our point exactly. Current scrap 9ct gold (and this would be 18 if it WAS a soverign) is more than £58. The jewellers suspect it's stolen and wont trade with you. The price was ridiculously low to discourage you.

Go to a reputable professional jeweller that specifically buys and sells these items.

triple_choc_chip

Look at the top right of the page, click on income/family, then click on gold selling. Scroll to bottom of that page and click the link for Hatton Garden Metals.

I sold my old gold with them and the money was in my account in 48hrs.

Today's price is £12.50 per gram 9ct, £25 for 18ct and half sovereign is £122.

exarmydreamer

You might want to try a coin merchant instead. I have 6 gold sovereigns, a friend in a jewellers said they would only buy for scrap but coin merchants buy to keep as a coin.

The more coins that have been scrapped now makes some of certain hallmark years more valuable i.e I have 1997,2x 1998, 2001, 2005, and 2007. I won't part with mine, as they are childrens birth years and gift to DH. You might be able to find a coin collector or merchant in phonebook. Hope that helps.