Once the idea of selling some or all of your gold comes into your head, a whole host of questions follow!
How much is my gold worth?
I have several pieces I wish to sell but they are of different carat content – how do I go about separating them?
My gold does not carry a hallmark?
Should my weight not agree with the dealer I send it to, what happens?
How can I be assured my gold will reach its destination safely?
How do I get paid?
Can I trust the company I am dealing with?
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Once you have chosen the company you wish to deal with, check out references and recommendations and how easy they are to arrange personal meetings with should you wish to do so. These specialist dealers have extremely precise equipment for weighing and lots of experience in determining gold content. Many types of gold are of interest to these dealers including unwanted, broken jewellery, dental gold or old gold coins.
In general they are not interested in any gemstones and these will neither be weighed nor returned so be aware of this. A jiffy bag type envelope is sent by special delivery and insured up to a certain limit but should you require a higher limit it is of course possible to request this. When the gold has been assessed you will receive a phone call or email with the offer they are prepared to make.
If this is acceptable payment is usually made within 48-72 hours. Should you not wish to proceed the gold is returned to you. Bear in mind that the offer price is the market price of that day – fluctuations occur as in all traded commodities.
As always if you’re thinking of selling gold jewellery we recommend you read our guide to selling gold online.
If you’re not convinced about selling your gold online but you’re still in need of some fast cash, I’d sell my phone.