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Should I sell my gold
Comments
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No, I was asking why you 'imagine there will be a lot of jewelry without hallmarks making its way into the country in the near future'.
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Ah! I would have thought that was self evident as well.
If you have been following recent events in the middle east
In times of uncertainly and when people are looking for ways of transport wealth which will be sellable at their destination they turn to gold for that, I would imagine if the gold souks are open at the moment a lot of people will be using them and in I my experience the jewelry sold there does not have hallmarks, hence my pointing out that you can get your local Assay Office to hallmark pieces for you.
Play with the expectation of winning not the fear of failure. S.Clarke1 -
most respectable places that buy gold can test the karat of gold within seconds, so no need for hallmarks.
A thankyou is payment enough .1 -
Isn't it illegal to sell gold silver platinum etc in this country without a hallmark?
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yes for business, but private individuals it’s not as jewellers and gold buyers will test it. But it has to be hallmarked if selling on online auction sites.
Most rings / bracelets etc people have worn for years the hallmarks have worn away.
A thankyou is payment enough .0 -
But if you have a nice piece of jewelry that could have its look deminished by having multiple test marks on it I would say it is better to have it hallmarked, also if you take a piece into a jeweler's and they see previous test marks they may wonder why no sale was agreed and that dubiety could cause them to lower their offer or indeed decline to make one.
Play with the expectation of winning not the fear of failure. S.Clarke0 -
most reputable dealers don’t do the scrapping and acid tests any longer . They use XRP analysers which that seconds to do. And don’t leave any marks on item.. but the first test is the magnetic one.
I agree if someone takes a piece that’s been tested many times by the old method, then it will look iffy. But you only get that at small high street shops and local dealers, and you will get lower valuation.
A thankyou is payment enough .2 -
Is it not XRF instead of XRP analysers?
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Presumably it's referring to X-ray fluorescence spectroscopy, so yes.
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