Selling Your Gold Jewellery For Cash: What You Need To Know

When you need some extra cash, looking through your jewellery box is not a bad idea. Selling your old gold jewellery is one of the best ways to boost your finances. While this may sound like a straightforward process, it is not always as easy as it seems. However, with reliable Melbourne gold buyers like us, you can be certain that you will enjoy the best value for your precious metal items. Here is everything you need to know about selling your gold jewellery for cash:

 Manage your expectations

Granted, the idea of exchanging your jewellery for money is exciting. But it is always best to be realistic about your expectations to avoid getting disappointed during the selling process. While that gold necklace you have is a precious gift from your great-grandmother, to
everyone else, it is merely a gold necklace. It may not be as valuable as you think. It is often impossible to sell your second hand jewellery piece for an amount close to its buying price as jewellers run large margins for labour and rent that you can not get back.

 Learn about the different appraisal processes

When looking for the best Melbourne gold buyers. Do not bother with appraisals, jewellery will not sell for its appraised value because appraisals are for insurance purposes only. Surprisingly, appraisals have nothing to do with the intrinsic value of your gold jewellery items. Granted, the appraised value is more determined by the retail cost to replace and profit for the retailer. However, the amount that you will receive from the gold buyers for your gold jewellery depends on variables such purity, weight and the market prices for gold.

 Evaluate, evaluate, evaluate!

In order to settle on the best value for your piece, it is advisable to be objective. For instance, when providing the value of a car, factors such as the model, the make and the year of manufacture are always taken into consideration. The process of selling your gold jewellery is no different. A professional gold buyer will evaluate your gold items based on the weight and purity. It’s best to shop around multiple gold buyers to see who is offering the highest price per gram for gold.

 Sell it to a reputable gold buyer

There are many pawnbrokers and gold buyers out there in Melbourne, unfortunately only a few do the right thing by their customers. At Melbourne gold buyers you can rest assured that our professionals will make you the best offer and we always do the right thing by their customers. We value all our customers and will always purchase any precious metals you have for sale regardless of its condition.

We are reliable Melbourne gold buyers who offer friendly services, convenience, high prices and no-obligation quotes. Do you have old jewellery that you need to sell? Bring it to our store and we will offer immediate payment. We look for a reason to buy and promise you fair and honest prices.