8 Tips for Selling Gold Jewellery In Melbourne

Having good jewellery can be handy. You can sell your gold jewellery when you need quick cash however, gold jewellery is valuable and you should pawn take time finding out the best way to get the best price for your gold.

  1. Find a trusted gold buyers

Finding gold buyers Melbourne is as easy as doing a simple Google Search. Once you have gotten a list of gold buyers you should ask questions like: How long have you been in business? Gold buyers in Australia are expected to have a Second Hand Dealers license so you should ask if the gold buyer have such a license. Gold buying businesses in Australia are subject to their respective State and territory laws, you might want to familiarise yourself with them.

  1. Be informed

Whenever you have to sell something, you should make sure you know what you are doing.  It is best to educate yourself about the jewellery selling process and the different ways you can go about selling your jewellery for the best price. Research the various Gold buyers Melbourne has to offer. However as with any transaction always take the ‘consumer beware’ approach.

  1. Find out the spot price of gold

Find out what the price of gold is. This precious metal is traded 24/7 and the price changes all the time. This price is for pure gold or 24k but pure gold is soft and jewellery is made with gold alloyed with other metals to make it more durable, so this means you probably have jewellery made of gold purity less than 24k. You need to check the hallmark on your jewellery pieces and weigh your gold. The purity of your gold and the amount you have will determine how much you can vet for your jewellery pieces.

  1. Find out what gold buyers pay for

Most gold buying companies are only interested in the gold content if your jewellery, they will not be interested in any gemstones. If you have diamonds in your jewellery then you might want to get the stones out and get a separate quote for them. Most gold buyers buy gold jewellery to resell to gold refineries who will melt it down and refine it into new gold products.

  1. Heirlooms and estate jewellery

You want to be careful with family heirlooms. This might be jewellery passed down from generation to generation or included as part of a family estate. This will have a history and will be attached to some sentiment. If it’s antique, it might turn out to be more valuable than gold that is only bought to be recycled.

  1. Understand the gold buying process

Some gold buyers may ask you to leave your gold for evaluation. Make sure you understand what that entails. Will they have to send the jewellery off-site? If so, when will you get the jewellery back. You should make sure you get a receipt.

  1. Be careful when selling to online buyers

If you are considering an online gold buyer there are two things you need to do:

  • Call and speak to an actual person
  • Ask what you would ask as if you were in an actual brick-and-mortar store.

Wherever or whomever you decide to sell to always follow the 3 quotes rule before making that final sale.

Jacob Littlejohn

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