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How To Get Cash For Gold Jewellery

  Posted By: Gareth Hoyle   |   Views: 1101  |   Words: 348  |   PDF View   |   Print View   |  HTML Version
  
 
Many of us have old gold jewellery and other gold items that are broken or have simply gone out of fashion. We keep them in the hope of doing something with them one day or the hope that fashion will come full circle. The reality, though, is that broken and old jewellery will rarely ever see the light of day again. By getting cash for gold jewellery you can buy new items that are both in fashion and in one piece.

There are several factors that online and high street buyers will consider when buying gold. They will look at the hallmark, the purity of the gold, and the weight of gold as well as the current gold price.

Buyers will usually prefer to see British hallmarks on gold because this guarantees the quality of the gold in question. Some buyers will still offer cash for gold even if it has no hallmark or has a foreign hallmark but it will take longer to assess its value and you should expect a slightly lower price than if the pieces were to have British hallmarks.

The purity of the gold jewellery is obviously important. This is measured in karats with 24 karats being pure gold with only a bare trace of other minerals. As such, 14 karat gold has 58% purity and 9 karat gold is 37.5% pure. The karat of gold is usually verified by the hallmark but further checks may be made.

Once the buyer has determined the purity of the gold they will then weigh all of your gold items to calculate how much gold there is. For example a 3 ounce gold bracelet that is 14 karat is made up of 1.74 ounces of gold and this is the amount of gold that the buyer is looking to purchase.

The final factor to consider when you are looking to get cash for gold jewellery is the current scrap gold price. The price can fluctuate throughout the day and from one day to the next but the amount of change for a piece of gold jewellery will be fairly minimal.


About the Author

Visit Cash4MyGold.co.uk to get cash for gold jewellery and other gold items. Raise some extra cash and clear out your jewellery box of broken and unwanted items.

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