It pays to look around for the best price for your gold. Most gold buyers will inform you straight away the value per gram they would pay for the separate grades of gold. It is doubtful that any gold scrap dealers will give you 100% of the scrap value for your gold as they want to take home a profit as well. The only place that you can get more than the current scrap rate for unwanted gold is if you sell it on eBay, but then you will need to shell out sale costs and you will most likely be no better off in the end.
The exception to this, may be if you possess any vintage gold jewellery to sell that is in great condition or old gold coins. These things might be worth a lot more than scrap rate so you may want to take these items to a jeweller or else your local auction house for an extra valuation prior to opting for selling these items as scrap.
If you come across any unwanted gold that you feel may perhaps be valuable it could be useful finding out what the hallmarks mean. Every single piece of gold jewellery should have hallmarks. These impart the carat quality of the gold, the place where it was hallmarked, the age and the maker. If you come up with an item that has no hallmarks then it is either very old, very worn or not really gold at all.
You might be able to locate the details you require regarding the hallmarks online or consult your local jeweller, or antique dealer. You can simply get a hallmarks book online. Generally contemporary gold sold in the UK will be hallmarked with either .375 which means the item is 9 carat grade, or .750 which is 18 carat grade.
Finding out if gold items are 9 carat grade or 18 carat grade before selling to a cash for gold company will give you a much better sense of what your unwanted gold is worth. It is doubtful that you will come across any pure 24 carat gold, unless you have stashed any gold bullion under the flooring!
24 carat gold is too soft to be used for jewellery or coins. Gold that contains a lower carat than 24 has had additional metal included for strength. The lower the carat number the less the gold content. Today, usually silver or copper are used to mix with the gold to give it strength.
Related posts:
