How to Sell Gold jewellery, Coins, and Metals — A Chill Guide to Getting the Best Deal
Hey! If you’ve got some gold jewellery, coins, or metals just sitting around and you’re thinking about selling, you’re in the right spot. Maybe it’s that old necklace you inherited, some coins you found in a drawer, or scrap gold from who-knows-where. Figuring out how to sell gold can feel a little confusing at first, but don’t worry—I’ve got your back. I’ll walk you through everything in a laid-back way so you can feel confident and make smart choices. Let’s get into it !
Why Bother Selling Gold Anyway?
First things first—why sell gold? Well, maybe you want to clear out your stuff, make some cash, or take advantage of high gold prices. Gold’s always been a popular choice because it tends to keep its value. Plus, it’s pretty and sentimental, so parting with it can be tough—but sometimes it’s just time to say goodbye.
Step 1: Figure Out What You’ve Got
Before you sell, get familiar with what’s in your stash:
Jewellery: Rings, necklaces, earrings—sometimes with stones, sometimes not.
Coins: Old coins, collectible coins, bullion.
Metals: Gold bars, ingots, or scrap gold.
Check for tiny stamps or markings—things like “14K,” “18K,” or “22K.” Those tell you how pure the gold is. For coins, note where they’re from and what year they’re from.
Step 2: Know the Purity and Weight
To get an idea of what your gold is worth, you need to know how pure it is and how much it weighs.
Purity: Measured in karats (K).
24K is pure gold, but most jewellery and coins are mixed with other metals.
– Examples:
– 10K = 41.7% gold
– 14K = 58.3% gold
– 18K = 75% gold
– 22K = 91.7% gold
Weight: Use a scale to weigh your items in grams.
Once you know these, you can estimate the value.
Step 3: Check Out the Current Gold Price
Gold prices change all the time—sometimes by the hour. It’s a good idea to look up the latest spot price.
Keep in mind, most buyers won’t give you the full melt value—they’ll pay a bit less to cover their costs and make a profit.
Step 4: Decide What You Want to Sell
Are you selling just for the gold content, or because it’s sentimental or collectible?
Scrap gold: If the jewellery is damaged or outdated, this is your route.
Coins: If they’re rare or valuable beyond just gold weight, you might get more.
Jewellery: If it’s pretty or meaningful but not worth much as scrap, you might want to sell it as jewellery. Note that repairing broken jewellery time and again, such as a fine chain, can sometimes become more expensive than selling the item itself.
Your choice affects where and how you sell.
Step 5: Where Can You Sell?
Here are some options:
- The Gold Buyer Boutique: Offers a convenient and ethical service for women by women.
- Local jewelers and pawn shops: They buy for melt value, quick and easy, but pay less.
- Specialised coin buyers: They often know more about specific coins and might offer better prices.
- Auctions or collectors: For antique or collectible coins and jewellery, auction houses or collector groups can sometimes fetch higher prices. It’s a bit more work but can pay off.
A Few Tips to Get the Most Out of Your Gold
– Clean it up: A gentle cleaning can make your gold look better and possibly get you a better price at specialised coin buyers and jewellery shops.
Or save yourself the effort – the look or condition of your gold makes no difference to The Gold Buyer Boutique!
Wrapping It Up
Selling your gold doesn’t have to be stressful. With a little info and some shopping around, you can make sure you get a fair price. Whether you’re doing it to fund a trip, clear out space, or just cash in, doing a bit of homework will help you walk away happy. Happy selling!
