woodster
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| posted on 26/5/10 at 09:00 AM |
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cash for gold
Has anyone cashed any old gold in ?.... a guy i work with has just sold 42g of 9k gold for £406 on one of those send any old jewelry sites i think it
was cashmygold.co.uk ........ my questions are
1. how do i know what karat my gold is ?
2. which is the best site/place to sell?
3. do you think i will get ripped off?
we had a quick look round and found a few broken old chains the odd earing and a gold watch about 50gs
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cd.thomson
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| posted on 26/5/10 at 09:06 AM |
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i read a report recently that suggested they were even bigger ripoffs than cashconverters/webuyanycar
http://www.dailymail.co.uk/news/article-1212891/Firm-CashMyGold-buying-old-jewellery-gives-fraction-true-value.html
http://forums.moneysavingexpert.com/showthread.php?t=2084899
http://whatconsumer.co.uk/cash-my-gold-consumer-warning/
Take it to an established pawn broker or jewellery shop
[Edited on 26/5/10 by cd.thomson]
Craig
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mangogrooveworkshop
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| posted on 26/5/10 at 09:12 AM |
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They measure the resistance of it and will give you the karat value from that.
Burglars must love those fences Break in post off and cash by return post
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woodster
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| posted on 26/5/10 at 09:18 AM |
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the site was cash your gold
http://www.cashforyourgold.co.uk/
which has a scrap calculator ..... will its karat be on any hallmarks
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Tipster69
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| posted on 26/5/10 at 09:18 AM |
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A few months ago I got together our (s)crap gold, old broken earings, knackered rope chains, everything was sh*te apart from an old 1/2 sovereign from
a past life.
I got nearly £800 quid for it all from a local Jewellers (ok I know the Jeweller personally), so I know he gave me a fair price. But I was
slartybartfested at the amount we got back - spoiled the kids rotten with it.
Happy days.
(a vote for your local Jewellery shop from me)
EDIT: Correction, the missus has just told me it was £600 I got (old age).
[Edited on 26/5/10 by Tipster69]
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iank
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| posted on 26/5/10 at 09:36 AM |
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quote:
Originally posted by woodster
the site was cash your gold
http://www.cashforyourgold.co.uk/
which has a scrap calculator ..... will its karat be on any hallmarks
Yes, if you can read them its got from the three digit number in the rectangle.
http://www.gold-traders.co.uk/news/2008/01/simple-gold-hallmark-guide.html
--
Never argue with an idiot. They drag you down to their level, then beat you with experience.
Anonymous
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BenB
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| posted on 26/5/10 at 10:01 AM |
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They give rubbish prices. It's quick and simple but if you've got some gold you'ld likely be better taking it to a local jewellers
as they'll likely give you a better price.
The price of gold reached an all time high last week, it's a good time to sell.
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hughpinder
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| posted on 26/5/10 at 10:23 AM |
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Which? tries some recently - the conclusion was that you get more (by a large amount) from a local jewelers.
Regards
Hugh
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r1_pete
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| posted on 26/5/10 at 11:09 AM |
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SWMBO's used a local jeweller a couple of times, to either cas in old crap, or have it made into something else, very happy with the service /
prices.
I personally wouldn't touch these postal services, posting a few hundred quids worth of gold in a bag advertising what it is!! no thanks.
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mad4x4
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| posted on 26/5/10 at 11:54 AM |
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quote:
Originally posted by r1_pete
I personally wouldn't touch these postal services, posting a few hundred quids worth of gold in a bag advertising what it is!! no thanks.
Biggest problem is that all the postage is only insured up to the large sum of £22. ( Royal Mails Limit) and then you have to try and get them to
return it on even acknolegde it was sent.....
Scot's do it better in Kilts.
MK INDY's Don't Self Centre Regardless of MK Setting !
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woodster
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| posted on 26/5/10 at 12:08 PM |
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quote:
Originally posted by iank
quote:
Originally posted by woodster
the site was cash your gold
http://www.cashforyourgold.co.uk/
which has a scrap calculator ..... will its karat be on any hallmarks
Yes, if you can read them its got from the three digit number in the rectangle.
http://www.gold-traders.co.uk/news/2008/01/simple-gold-hallmark-guide.html
thanks for the link i'll get a mignifying glass find out whats what on the karats and have a trip to the local jewelers
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Ninehigh
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| posted on 27/5/10 at 09:01 AM |
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1. Hallmark on it (no hallmark means it's not gold btw) iirc they have hallmarks for silver too..
2. Probably jewellers
3. If you go to one of them places that advertise then yes. They offer bottom dollar. Surely there's somewhere on this internet that will tell
you how much gold is worth by weight.
Aha linky! says £836 per Troy ounce (31.1g)
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woodster
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| posted on 18/6/10 at 09:17 AM |
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just an up date we took the gold to prestons of bolton for a price .... 30 grams ... £220 was their offer cheeky monkeys so we sent the gold to cash
my gold on the internut £289 was deposited in the bank 2 hours later ...... so local jewelers is not always the best ..... easy money for broken
chains and odd earings
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Peteff
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| posted on 18/6/10 at 10:04 AM |
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A friend of mine sent some off and was offered £430 for the contents of the envelope. He declined and it was sent back. He went to a local second hand
shop with an advert in the window and they valued it and gave him over £700 and one of the items, a watch was rejected as it was not good enough
material even though it had a hallmark. They tested it with acid or some liquid according to him.
yours, Pete
I went into the RSPCA office the other day. It was so small you could hardly swing a cat in there.
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MikeR
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| posted on 18/6/10 at 10:07 AM |
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Ah, but i wouldn't recommend prestons of bolton - they sold me an engagement ring in a past life. What a rip off, we split up a couple of months
later!!!!
(i do think it depends on the jeweller. Prestons isn't the sort of place i could see buying gold when i used to live in those parts).
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gazza285
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| posted on 18/6/10 at 11:52 AM |
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quote:
Originally posted by MikeR
Ah, but i wouldn't recommend prestons of bolton - they sold me an engagement ring in a past life. What a rip off, we split up a couple of months
later!!!!
I wish you had mentioned that earlier, I'd have got mine there too.
DO NOT PUT ON KNOB OR BOLLOCKS!
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wilkingj
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| posted on 20/6/10 at 09:35 PM |
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All these "we buy anygold" type merchants are rip off merchants.
Weigh the gold, check the scrap gold price and work from there with a jeweler you can visit in person, and leave in person with your gold still in yer
pocket!.
The post us yer gold people are poor value, and often difficult to get your gold back from, ie it takes ages for them to find it and rteturn it to
you. Loads of bad press on these companies.
Be Warned!
1. The point of a journey is not to arrive.
2. Never take life seriously. Nobody gets out alive anyway.
Best Regards
Geoff
http://www.v8viento.co.uk
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