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A Complete How to Guide for the Scrap Gold Buying Business

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7 tips for selling gold jewellery at the best price

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Get involved in our latest campaigns and find out how to take action. We use cookies to allow us and selected partners to improve your experience and our advertising. By continuing to browse you consent to our use of cookies as per our policy which also explains how to change your preferences. There are plenty of specialist cash-for-gold companies to choose from, but these may not offer you the best price.

The rules of supply and demand dictate that if more people want to invest in a commodity, its price will increase. If you think harder times are on the horizon, it might be worth holding out for gold prices to rise. Using a specialist cash for gold company may seem convenient, but previous Which? We found prices offered by cash-for-gold companies compared poorly with high street jewellers, pawnbrokers and online gold buying services.

Compare prices from as many sources as you can before selling your gold. Looking at the hallmarks and weighing your jewellery will help you to assess how much your items might be worth, based on current gold prices. You can also get a valuation from high street jewellers to give you a firm idea of what your gold is worth.

If you do send your items to a cash-for-gold company always get a valuation first. Check how many jewellers there are in your area. Gather quotes from several jewellers, then play them off against each other. See our tips on haggling etiquette to increase your chances of a successful negotiation. If you live in an area with few jewellers, or are unable to find a good deal for your gold on the high street, you could try selling your items online on websites such as eBay. As you're potentially selling an expensive item, it will help to build up a reasonable level of positive feedback from other site users so buyers know you are trustworthy.

Gold buyers are generally interested only in the value of the metal making up gold items, rather than any precious stones in them or the value of the craftsmanship. Cash-for-gold companies may remove stones from gold jewellery and discard them if you send off rings, earrings and necklaces set with precious gems - preventing you from cashing in on their value.

Likewise, high-fashion or branded jewellery may be worth more if kept whole, than if you sell it on for melting. Other items, such as old coins, medals and keepsakes, may be worth far more than you'd ever receive from a cash-for-gold firm, or even from a non-specialist high street jeweller. If you suspect any items you own have more value than just the gold in them, are antiques or might be of interest to collectors, get them properly assessed and valued before selling them.

If you're determined to use a cash-for-gold firm, research their reputations online. This might help to flag up firms you would rather avoid. Type the names of specific cash-for-gold firms into a search engine and look for reviews or comments about their service. Make sure to ignore paid adverts.

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If you are purchasing gold on another company's behalf they should be sharing their marketing techniques and plans. Some may even pay for your local marketing efforts. You could advertise online and accept gold that customers mail in. Continue to expand your local and regional marketing efforts. A marketing investment should pay for itself with increased sales. Another source to find gold to buy is at garage and estate sales.


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Many sellers price their jewelry low to make sure it sells, or they don't know the current value. Check your local classified ads in your town's newspaper each week to find sales. If you Google "gold refinery near me," you'll get the closest local results. Not Helpful 0 Helpful 1.

Buying and selling gold on any scale other than that which could be considered a hobby VERY small amounts will necessitate your obtaining a license wherever you live in Australia. Not Helpful 1 Helpful 2. Answer this question Flag as My china plates have gold trim that I wish to remove. How can I do so? Do I need a licence to buy and sell scrap gold in Scotland? Who do you find to melt your gold or can you do it yourself? Include your email address to get a message when this question is answered. Already answered Not a question Bad question Other.

Tips When working as a broker for someone else, you will be given paperwork to fill out. Each sale must be documented, and the store you are working for should give you this. Things You'll Need License: Get a license or work with someone who has a license. Gold Buying Precious Metals In other languages: Altgold ankaufen Print Edit Send fan mail to authors. Thanks to all authors for creating a page that has been read , times. Did this article help you? Cookies make wikiHow better. By continuing to use our site, you agree to our cookie policy.