Advice when selling gold

Know what you are selling.........

Right! First of all on your journey to find the best price for gold do ensure you are aware of the weight of your gold! Kitchen scales can often supply a surprisingly good indication and at least a ball park if nothing else! Depending on how much gold you have it is possible to purchase accurate small digital pocket scales for £10 or less on-line! Try to weigh in Grams if possible as this is less complicated than weighing inTroy ounces. There are approx. 31.1 grams within a Troy ounce.

Be sure to have an awareness of the gold content of your items as so to acquire the correct value of your gold. A gold hallmark chart is always the best place to start. We offer a free testing service where hallmarks cannot be found.

Do undertake your research concerning the daily value of your gold. Gold fixes change twice daily AM and PM although prices change constantly through the day in line with the economic markets which dictate the price. Our real time on page independent Kitco graphs indicate whether prices are going up or down.

Do browse the Internet for gold prices. Reputable gold dealers should be offering around 75% upwards of the worth of your gold in line with the day’s gold fixes. Insist on a price from any dealer up front albeit a guide and trust your gut instinct on whether you sell or not to a particular company.

Should you consider selling to a postal gold company then make sure you keep a record of the gold items you are selling including the weight, type and carat. Also make sure that you are aware of their returns policy should you decide not to sell.

Disreputable companies.

If you have completed your research on where to sell scrap gold and you find some dealers are offering say up to 30% more than the advertised AM/PM gold fix price then it is probably means that when they receive your gold the price has dramatically decreased! This is particularly relevant to companies that conduct on-line advertising such as Google ads so please beware

There are lots of on-line companies in for the short term return of profit. These too are more likely to offer less for your items and if you conduct research by on-line reviews on particular companies then you will find evidence of unscrupulous dealings.

We try to ensure that we 100% adhere to best practice as we describe in our blogs when dealing with our customers and we are now proud members of the British Jewellers Association (BJA).

Transparency in our business is something we pride ourselves on. Please remember that our values are, Honesty, Integrity and Excellent customer service.

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