Before you rush into any deal, the best thing to do is to get your gold to a few local jewellers, as they will be able to tell you the carat of your item and it’s weight.
They will also take into account the craftsmanship of the jewellery itself – not just how much gold it contains. You may discover that your jewellery may be more valuable to a jeweller as a set piece.
A Cartier necklace for example, which you could have originally spent thousands of pounds on, will be worth a lot more to a jeweller than to a postal site looking to melt down scrap metal.
If you decide you want to sell to a jeweller, the best thing to do is to get quotes from three different shops and use them against each other to remind them of their competition and encourage them to raise their offers.
Also, if you have a lot to get rid off, take it all down in bulk and you might get a package deal that’s better than different individual sales.
For gold that may be of no use to a jeweller, it is still a good idea to get a quote from someone face to face. Websites such as PostGoldForCash.com often have online calculators which you can also use to get an idea of what they think it’s worth.
- If the estimated amount is the same as, or better than, the figure you already have in mind, the next step is to request a free pre-paid envelope which is used to send your gold back to the company via Royal Mail Special Delivery.
- Most company envelopes are pre-insured (usually to the value of £500) in case of theft or loss during transit.
- Should the amount of gold you wish to send in be worth more than this, you can secure additional insurance at the Post Office, or simply split your gold into two or more pre-insured packs from the company.
- Just in case, its always a good idea to take a photo of your item before you send it so that you have proof of its condition if anything does go wrong.
- Most gold companies will then call or e-mail you with a confirmation of the online calculator’s valuation, which you can accept or reject.
- Other companies will automatically send you a cheque for what they have valued your gold to be worth, which you must return within a certain time (typically between 10–12 days) if you’re unhappy with their valuation.
- Be sure to check the company’s returns policy before selling gold to them, as they do vary.