It may not be a bad idea to dispose of off some your old gold jewellery as it may assist you to get out of some bad financial circumstances. It is, however, essential that you don’t sell keepsakes or gold jewellery of high value without understanding what they might have been worth had you left them intact instead of having them melted down. Weighing them may help you in assessing their worth.
When not sure about how to go about it, it is recommended that you visit a website such as the Jewellers Association of Australia which provides general guidance to the public on jewellery selling, buying, and insurance. Within the Australian jewellery industry, the Association of Australia promotes business standards and ethics of the highest level.
Methods Of Selling Your Gold Jewellery
First of all, it is important to know that Australian jewellers run a high labour margin when making gold jewellery. The total scrap value of the gold jewellery only takes into consideration the gold content and not the labour. This is because gold buyers are looking to melt down your jewellery; therefore they are not going to pay you anything for the craftsmanship. With this in mind, some gold items, especially smaller ones you may be better off to sell them privately.
Do Shop Around First
It is always a great idea shop around different gold buyers websites before you make the journey to sell your gold jewellery. Different buyers might offer lower rates than others. Also check for hidden fee’s and commissions. One of the leading gold buyers in Melbourne are the Melbourne Gold Company as they do not charge any hidden fee’s and have cash on demand for unwanted gold jewellery.
Precious Metals Refiners
Typically, you are likely to get close to the full market gold value from the refining firms. The catch is that the majority of refiners only purchase in bulk and an ABN is required. This makes it a doubtful route for somebody having only a few tiny gold pieces.
Pawn Shops Or Local Jewellers
Perhaps the second-best alternative is to be found in pawn shops or your local jewellers. After determining the weight of the gold jewellery you wish to sell, call them up and inquire how much they would be willing offer for your jewellery. Remember pawn shops are in business and they will want to pay the least amount possible, so put on your haggling hat. Also bear in mind that they will most likely sell to a gold buyer in the city.
Gold Parties
These kinds of events are taking their cue from lingerie parties or such other gatherings. As you socialize and exchange pleasantries over a glass of wine, you could obtain a sale, but do not go there expecting top dollar bargains.
Mail-in Jewel Buyers
The other possible option tosell gold jewellerycomes from firms and companies advertising on TV, online, or even on billboards along the highways. However, be advised that you are likely to get a raw deal, sometimes less than 30% of the gold market value.
Gold Buyers or dealers
Gold buyers or gold dealers are typically found in your local CBD and often advertise on their website the per gram buying rate for your gold jewellery. If you have a significant amount to sell, it would definitely be worth the journey into town to sell gold jewellery.
It is extremely important that when selling your gold jewellery you obtain a fair and honest deal. Based on the above mentioned options we hope you find the right suitable choice for your gold selling requirements.
