How to Get The Best and Highest Price for Your Gold, Silver and Platinum
If you are selling broken gold, silver or platinum jewellery because it is broken, unfashionable, not to your taste or just because you need the money, you’ll want the best price for the items. Here are some tips to ensure you get the best price for them.
If you have any further advice on ensuring the best return from your sales please add them in the comments box below for future readers.
If you are selling broken gold, silver or platinum jewellery because it is broken, unfashionable, not to your taste or just because you need the money, you’ll want the best price for the items. Here are some tips to ensure you get the best price for them.
Image via Wikipedia. This item would be worth far more than its scrap value (see below). This is gold from Ancient Greece dated circa 1700 BC
Tips for Getting the Best and Highest Price for Your Gold, Silver, Platinum and any Other Precious Metal
Firstly, you should ensure you know the quality of the gold, silver or platinum. What is its carat, how pure is it? A reputable dealer will give you this information by performing a chemical test or just by viewing it if they are experts in their field. This is particularly useful if the items are not properly hallmarked – often jewellery bought outside the US, Canada, New Zealand Australia or UK is not hallmarked. The higher the carat the higher the jewellery’s value it commands.
Secondly, to perform your own evaluation you will need to know the jewellery’s total weight. A jeweller or dealer will help you with this but you should keep in mind that you are under no obligation to sell. See them stating that you are “considering selling”.
Thirdly, you should make yourself aware of the going rates for buying gold, silver, platinum or any other precious metal. You should also check out the prices offered by companies bidding to buy scrap gold form the public. Notice the difference between the two. This gap represents some of the leeway buyers have.
Armed with all the information above you will now be in a position to negotiate the price upwards.
Lastly, if you have broken jewellery, you should consider getting this valued at local jewellers. This is because the item/s might be worth more than their scrap value. For instance, an old gold coin is usually worth more than its scrap value as is antique jewellery.
Image via Wikipedia
