It is much talked about and written about today; with the current high gold price it is interesting to sell unused gold jewelry, dental gold and other objects. On radio, television and the internet you come across many advertisements from jewelers, appraisers, gold traders and buyers, but is that reliable? And will you get the best price and will not be ripped off? You will have to deal with issues such as carat and weight of the gold and you will soon find out that you should not go out unprepared in this unusual activity.

Preparation

Do not go out with your scrap gold without knowing the potential value of your stuff. Determine how many carats of gold you have. This is stamped on every gold piece of jewelry or object and can be read with a magnifying glass, strong magnifying glass or binoculars (use upside down!)

• 585 = 14 carat
• 750 = 18 carat
• 833 = 20 carat
• 916 = 22 carat
• 1000 = 24 carat

Carat, value and weight

Additional information about the meaning of the carat value can be found on various sites. Weigh the objects individually and note the carat and weight for each object. Make an overview of all goods, with approximate weight, carat and value per item. To be on the safe side, take a photo of the objects. Go for the Cash for gold in Melbourne in this case.

Buyers

There are several parties on the market to buy old gold and you can choose from:

• The local jeweler
• The certified gold and silver appraiser in your area
• The specialist gold buyer in your area
• The gold buyer by post
• The local jeweler

Benefits

• You don’t have to travel far
• Discreet handling
• It is a trusted address
• You will receive written proof
• The local jeweler has a reputation to uphold

Cons

• He is not specialized and “adds up”
• He rarely gives the best price, because he does not convert much into it
• Sometimes you will not receive money, but you can use the value for purchases in his store

The certified appraiser in your area

Benefits

• Decides to trust; he certainly works with calibrated scales
• Discreet handling
• You will receive written proof
• You can also sell your excess silver

Cons

• Due to its overhead, it rarely offers the best price

The specialist gold buyer in your area

Benefits

• Convert a lot, so often give the best price

Cons

• Often not the most reliable entrepreneur
• No or hardly any discreet handling; just at the counter, in view of the other audience
• You rarely receive written proof

The gold buyer by post

Benefits

• You don’t have to leave your home; you will send your jewelry insured in a return envelope sent to you

Cons

• Your shipment could be lost
• You are not there when your gold is weighed and the value is calculated

The prices used are not known in advance

From experience, a very low price is used and the weight is “rounded off” to your disadvantage. You generally get the best prices from regional specialized buyers. If you choose to do this, you will look for the best party. The gold loan options are open.

Bring your own magnifying glass or magnifying glass so that you can check on the spot if there is a difference of opinion. Know approximately what you think you can get for all goods. Check the reason for major deviations.