Best place to value and sell jewellery?
![[Deleted User]](https://w2.vanillicon.com/v2/29173f2f9f92053e5139622111fbe86c.svg)
[Deleted User]
Posts: 1,037 Forum Member
✭✭✭
I have some inherited jewellery items such as a watch, some cufflinks etc which appear to be gold (gold plated?).
I am considering selling them to acquire some money.
I don't have any documentation or details for the items.
Where is the best place to go for valuations and / or selling?
I visited a few high street jewellers and pawnbrokers today but it appears there is no such thing as a free valuation?
Thanks for any advice.
I am considering selling them to acquire some money.
I don't have any documentation or details for the items.
Where is the best place to go for valuations and / or selling?
I visited a few high street jewellers and pawnbrokers today but it appears there is no such thing as a free valuation?
Thanks for any advice.
0
This discussion has been closed.
Comments
I took my daughters ring that cost £5000 one year ago to a jeweller and he offered less then £300 for it :eek:
So after getting it valued best place to sell would be ebay or take your chance with the auction house.
Gold is valued by weight and a High street jeweller will weigh it and offer you a price per gram.
If the jewellery is antique it will be valued as is, but if it is pure gold it will be melted down.
I took some gold jewellery to a local second-hand jewellery seller on our high street, and I got a few hundred pounds for it.
You can try the online place, its free to get a quote or try an independent jewellers. If i is antique you could try auctioning it.
http://www.moneysavingexpert.com/family/gold-selling-sites
The items are not antique; they are just a bunch of items that look like they might be worth something. Of course, I have no idea if they are worth £50 or £500.
I'm guessing going to an auction house for these items might be OTT or unnecessary.
Essentially then, I could visit a high street pawnbroker or one of those 'cash for gold' type shops, show them the items with no commitment or outlay and see what they offer? Then presumably I could say 'I might be back later', and go to a different one for another offer.
Then decide which one I want to sell to?
Martin's moneysaving guide seems to only mention jewellers in terms of physical shops, so I'll visit 3 and see if they want to buy what I've got and for how much.
He does talk about the online ones too (the site's not very well set-out) but there is a step by step guide to selling to both postal cash for gold companies or hawking around jewellers - there is also a valuation calculator on there.
Yes, but you will probably find that the offers are quite similar (* see below). They will examine the hallmark to establish the purity (carat value) of the gold and then weigh the item (in grams) in order to calculate the value. They probably won't be interested in anything which isn't at least 9 carat gold.
When you have this information, you can obtain a much better price by selling to a specialist dealer, such as those listed in the link given above by lozenger. I can personally vouch for Hatton Garden Metals - I recently posted two 9ct gold rings to them on a Monday and the funds were in my bank account at 11am on the following day. This company has received universally positive feedback on a thread which has now been running for two years on Martin Lewis's website (38 pages, 750 posts).
http://forums.moneysavingexpert.com/showthread.php?t=2084905
* I'm pretty sure that these high street "cash for gold" shops simply forward their purchases to bullion dealers for a quick and easy profit. In my case, I was offered approximately £50 by several high street dealers/independent jewellers, but received £78 from Hatton Garden Metals.
You thought it was worthwhile to bump this thread to spam your website
Jewelry
What a load of waffle (not to mention bad spelling and grammar) on that website!