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Thread: selling gold - any tips

  1. 27th May 2018, 11:34 AM #1
    Gullible's Avatar
    Gullible
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    selling gold - any tips

    I am not sure this thread will live up to the title...

    I have a gold identity bracelet that was given to me by my Gran in 1972. it has hand made links and is not engraved.

    the bracelet weights 1.366 Oz

    We need as much cash as possible for a house deposit and I hear that the price of gold is currently high.

    My question is; how do I get a good price for the bracelet and not get ripped off.
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  2. 27th May 2018, 01:07 PM #2
    speleomike
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    Hi

    If your selling it for the gold you won't get much. You need to do some internet searching and looking in antique stores and see what something similar goes for as an antique or vintage item i.e. not melted down for gold. As for putting it to a house deposit, my humble prediction is that in 20 years time it won't seem much money and you will regret selling it.

    Mike
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  3. 27th May 2018, 06:45 PM #3
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    ramblingboy42
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    I asked a goldsmith that question today. His reply...you will never get what you expect because the person you sell to wants the gold as cheap as possible. Then he said the gold purity also determines value...jewellery is not very pure as it has to wear. His advice , unless you are destitute , is dont sell it as scrap metal, you only get scrap metal price for it.
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  4. 27th May 2018, 06:58 PM #4
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    I was afraid that would be the case.
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