Sell Your Scrap Gold

The gold rush has started with scrap gold buyers wanting to get their hands on your damaged, broken or unwanted jewellery. It does not matter what state your scrap

gold is in as they will melt it down into gold ingots to resell. These firms offer to buy your scrap gold for cash in a quick and seamless transaction.

Unfortunately most of us find ourselves at an unfair disadvantage when we sell our scrap gold jewellery. We don’t know what the real value of scrap gold is or how much we should expect for our jewellery. The adverts on television inform potential customers that the price of gold has risen sharply. The advertisers are willing to buy any scrap gold above 9 carats irrespective of its condition.

Advertisers say they offer a fair price for scrap gold and explain how easy it is to turn your jewellery into cash for gold. Most scrap gold dealers offer to double their original offer if you find a better offer from elsewhere. This is done to convince you that their offer is the best offer in town.

The Value Of Scrap Gold Has Gone Up

The value of gold has risen five fold during the last ten years. As a result of this price rise there has been an increase in the number of firms offering to buy scrap gold jewellery. They all say they offer a fair price for your scrap gold. All you need to do is contact them and they will send you an envelope for you to send your broken, damaged or unwanted gold jewellery to them. Once they have received your jewels they will generally send you a cheque for around 20% of the market value by return post.

If you’re not satisfied with their offer you can always refuse their offer and ask them to return your jewellery. Today the price of gold is around £17 to £20 per gram. It seems that some firms that advertise on the television, the internet and radio are offering clients around £1.50 to £4 per gram. This is in sharp contrast to the more reputable high street jewellers that are offering their customers around £6.50 to £8.95 per gram for scrap gold. The price of scrap gold will fluctuate from day to day so the price offered to you can of course change without notice.

Beware When You Sell Scrap Gold

\’Caveat Emptor\’ This means “Let the Buyer Beware.” You should always beware when things sound too good and someone is willing to pay you money quickly. Scrap gold dealers are not breaking the law as they are only making you an offer and it’s up to you to accept or refuse their offer. There is absolutely nothing illegal in what these firms are doing.

Scrap gold dealers believe they are offering a service that allows people to sell their jewellery confidentially as they may be in financial difficulties and need to pay bills or they maybe trying to get out of debt. Unfortunately, these adverts attract people that are struggling with debts and are desperate to turn anything they have into quick cash.

10 Money Saving Tips for selling your scrap gold

If you must sell scrap gold for cash then always weigh your gold first so you know how much you have.

Always check the Hallmarks on your jewellery so you know it is genuine.

If you are selling jewellery always remove the gem stones as you may be able to sell them separately elsewhere. (Diamonds, rubies, sapphires, tanzanite, etc)

With gold at an all time high it’s a sellers market so don’t sell scrap gold if you believe the offer is too low.

Ask the gold buyers for their scrap gold price per gram.

Shop around for the best offer.

Talk to a local reputable high street jeweller.

If you do send your gold to any company then always send it recorded delivery.

Ask a Pawn broker what they would offer you per gram.

If you are asked to a jewellery party and invited to take your unwanted scrap gold to sell, then don’t be fooled into thinking they will offer you any more than the TV, radio and internet advertisers. They too will offer you around 20% of the market price.

Talk to a local reputable high street jeweller about how much they can offer you for your scrap gold before taking the advice from the television, radio or internet advert.

Contributing author Mark Aucamp has been providing Money Saving Tips with regular Money advice and comments. Mark has extensive knowledge in providing Mortgage Advice, Debt help and finance solutions. He is also recognised as an authority in the field of debt management and mortgage advice. http://moneysavingtips.net

Contributing author Mark Aucamp has been providing Money Saving Tips with regular Money advice and comments. Mark has extensive experience in providing Debt Help, Reortgage Advice and Money solutions. http://moneysavingtips.net

Author Bio: Contributing author Mark Aucamp has been providing Money Saving Tips with regular Money advice and comments. Mark has extensive knowledge in providing Mortgage Advice, Debt help and finance solutions. He is also recognised as an authority in the field of debt management and mortgage advice. http://moneysavingtips.net

Category: Advice
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