Old jewellery - worth its weight in gold?

The price of Gold per gram is high at present albeit with frequent fluctuations.

The price of gold tends to increase when the economy is performing poorly. Over the last two years, gold prices have dramatically increased. Though the price has dipped a tad since reaching record highs in 2011 and 2012, gold still shines for any prospective buyer or seller.

Gold has been recycled since ancient times. It has been reused over and over again for thousands of years.

Any type of Gold can be sold from inexpensive gold trinkets, solid gold coins, fine jewellery, solid gold coins, old and broken gold to wait for it…even dental gold!

Selling your unwanted jewellery

  

A jeweller, pawn broker, gold refiner or scrap gold dealer will purchase any gold kept under the bed or in family jewel box long forgotten at a price based on the weight of its gold content, usually minus a handling fee. The items are melted down and the gold extracted where it is sold on or it is utilised by the buyer.

The gold content of jewellery is indicated in carats. Solid gold jewellery is 24 carat and is 99.9% gold.. Lesser jewellery has less gold content and more of other metals and hardening agents as in 9 carat which has a content of 37.5% gold.

Generally, the gold content of any piece of jewellery will be marked on it somewhere especially UK gold but necessarily with foreign gold. Any good jeweler or gold buyer will be able to test and inform you of the carat and value. The less gold content in a piece of jewellery, the less money it will be worth to anyone who intends to melt it down. When you buy jewellery in the store, you are paying for the design and craftsmanship, as well as any precious and semi-precious stones that may be a part of the item. A beautifully designed piece of jewellery may have more resale value than it will have as recycled gold. If you think that might be the case, obtain an appraisal or approximate value and maybe have a go selling on an on-line auction site.

Heavy gold chains and ID bracelets that were popular among men in the 1970s are perfect candidates for meltdown. Arguably they have no resale value as jewellery because they are so far out of fashion, but the best of them had substantial gold content. (no offence to customers who still wear them!!) People are often stunned how much these pieces are worth!

 

    

Worth a fortune!!

Please check out our current prices for gold and contact us for a free no obligation gold valuation service.

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