People give each other gold for various reasons. It could be given to celebrate a momentous occasion or to express affection or some achievement. Gold jewellery is also valuable which is known why people pass it down to from one generation to the next. Jewellery like that might have sentimental value which makes selling it difficult. Gold is valuable and when you need cash you might want to put sentiment aside and use that gold to get the money you need. Your greats grandmother’s ring might have sentimental value to you and you might think that its historical significance should make it more valuable to gold buyers only to discover that most gold buyers are unconcerned about your jewellery’s history. They may only offer you a price based on the quality and weight of what you have to sell. You may think that your heirloom gold jewellery is priceless only to find that it really isnt. For instance, you could have and old ring with high quality precious stones like rubies, emeralds and diamonds on a low karat gold setting. Before you sell gold jewellery Brisbane as part of estate gold you should educate yourself a little bit more about how the gold industry works.
Determining the value of old gold can be tricky. Jewellery that was fashionable and in demand 20 years ago might not be as desirable now which is why it can be hard to sell pieces whole at retail value. There are a couple of simple things you can do to ensure that you get the most for your heirloom jewellery.
- Clean and polish your jewellery
A little bit of dishwashing soap and a gentle rub with a soft cloth will do the trick. If you are unsure or you are worried that cleaning the jewellery yourself could damage it, then the best thing to do is to take it to a jeweller for professional cleaning.
- Keep the original packaging
Certain brands like Cartier and Tiffany put a lot of thought and effort into their packaging. Having the original package can bring a certain prestige to your jewellery, so do keep the box clean as well.
- Shop around for the best price
Have your jewellery appraised by more than one buyer. You should get at least 3 appraisals for you to compare and to choose the one that offers you the most amount of money.
- Find out what the melt value of your gold would be.
If you are new to selling used gold, there is plenty of information available about the spot price and the melt value and how these affect what you when you sell gold jewellery Brisbane. If it all sounds confusing ask a jewellery buyer to explain to you.
- Get your gems graded
IF you have jewellery with precious gems like diamonds, sapphires or rubies imbedded, you should get a grading report for the. You can get the report fro the Gemmological Association of Australia or ask your jeweller. This report verifies that your gems are real and although it would will cost you, the price you’ll pay will be worth it because a report like that can end up netting a sizeable amount of money.
- Consider selling on consignment
If you are not in a hurry to get cash, you should consider selling your gold on consignment. When a dealer has time to look for a buyer and has time to broker a profitable deal, he will be able to ask and get more money for your gold. If a dealer has to buy your jewellery outright, he will need to factor in the risk he would be taking buying something he is not entirely sure he can for a tidy sum.