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I have just inherited a lot of gold jewellery and as I don’t know anything about this market was wondering if it’s a good idea to keep it or sell it now. I’ve heard that gold gets a good price today and especially old gold?? Any ideas please?? Thanks.
5 Answers
Gold has high value at the moment but it depends on the carat … 18 will get you more money than 9 for example. There are loads of shops who buy gold now in the high street but you need to shop around.
Sell, sell, sell!!! Now is a really good time to sell but of course make sure you shop around for the best price.
You need to know what you are selling. Pure gold is too soft so it’s usually combined with other metails to make it stronger. One carat equals 1/24 of pure gold by weight. It’s important to know the carats of your gold to make an informed decision on the scrap value of your jewellery.
Shop around. You don’t have to jump at the first offer. Get an appraisal before you sell so that you can make sure you are getting the best price. Jewellery may be worth more than its weight when you include workmanship, artistic value and gems for the whole piece.
Also be realistic about the value of what you are trying to sell. It could be that the pieces have more value to you sentimentally that what they will actually have in terms of profit and market interest.
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