GOLD prices are at a six year high, so if you are thinking of selling your old gold jewellery now is the time to do it.
According to auction experts, prices have reached unprecedented highs and now is the best time to get a good deal.
4 Get a great price on your unwanted goldCredit: Getty – Contributor
Helen Smith of Hansons Auctioneers said: “The current uncertainty in the world’s economy has driven the price of gold up to its highest level in six years.
“Prices are rocketing and that means it’s a very good time to sell your gold jewellery or coins.”
Like other metals prices can change very quickly and can vary depending on which jeweller or postal gold website you visit.
We compared the price of gold per gram from four different online cash for gold sites.
4 The price of gold per gram can change fast and prices have rocketed recently. All figures correct as of June 26
How to sell your gold jewellery
There are many online services that will value the worth of your gold jewellery and these will typically ask for the weight of the item and the fineness of the gold by carat (ct).
The majority of the time these sites also ask you to send your items via post before you can receive payment and postal costs are not always free.
These websites only deal in plain scrap gold, as they usually melt the gold down, so don’t send any precious items or jewellery with gemstones.
If you don’t want to risk your jewellery getting lost in the post you can always take it to a jewellers where they can valuate it.
A jeweller is also more likely to be able to tell if it is real or fake gold.
Some jewellers may also buy your jewellery from you.
You can also sell your unwanted jewellery via an auctioneer such as Hansons.
Hansons offers valuations of your items free of charge and these can be carried out at its Derby auction centre, at a valuation event or in your home. You can browse all its valuation locations on the website.
Ms Smith said: “We’ve witnessed impressive prices in the last couple of months, such as gold charm bracelets and chains achieving hammer prices of well over £1,000.”
4 This gold charm bracelet sold for £1,160 at auction
How much can you get for your jewellery
So how much can you get? We compare prices for different gold items on four scrap gold sites.
4 These figures are based on selling items for scrap gold not for resale
Gold prices can vary massively depending on which site you use, so it is always best to compare to get the best deal for you.
All the sites used above for prices are trusted, well reviewed websites and many have jewellers based in London (Hatton Garden Metals and Gerrards) and Birmingham (Lois Jewellers and Scrap Gold UK).
Advice for first time jewellery sellersIt is always best to do your research before selling any of your jewellery. Some of it may be worth more than you think, so you should consider a valuation.
Be aware of branded jewellery as this can often be more valuable in one piece rather than being sold for scrap.
Always compare prices between different cash for gold companies both on the high street and online as they can vary.
Ensure the item you have is real gold, any local jeweller will be able to tell you if your gold is real or fake. Don’t send any items to online gold scrap sites until you guarantee the authenticity as you could lose the item and not receive any money.
While in a jewellers it can be worth asking for a trade-in, so you can get something new from your unwanted jewellery.
Check out London and Birmingham’s jewellery quarters for some of the best deals for your gold.
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Earlier this year, Ebay announced that sellers would be able to list up to 1,000 items for free.
The Sun also put together a guide you need to read before listing anything online.
Meanwhile online currency Bitcoin’s value has increased to £10,000 as Facebook revealed plans for its own cryptocurrency.
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