Can I Make Money Selling My Gold Jewellery: Answered by Experts

Sell Your Old Gold Jewellery for Cash

To assist you to get through the financially tough times, you can try going for sell my jewellery or coins is a good option in the UK. Just don’t expect to get the full market value for an ounce of gold as advertised.

To begin, you’ll receive a part of the scrap value for your gold, rather than the market value. The gold is melted down by the buyers, who don’t care about the artisanship or elegance of the jewellery. Second, merchants must pay a smelter or someone who melts gold, up to 30% of the value of the precious metal in order to purify it. Then there’s the profit made by the buyer. Therefore you have to look for value in my diamond jewellery.

Sort through Your Jewellery:

Before you start looking to sell my jewellery for money, for the first stage, I recommend locating all of your jewellery, which may be stashed in various locations. Examine each item and sort it into one of two heaps. Put any piece of jewellery that is worth something, or that you aren’t sure is worth something, in the grown-up jewellery bin. Anything you bought or received as a gift from Claire’s, for example, should be placed in the appropriate pile to sell jewellery for cash. I’m not disparaging fun, play jewellery because it has its place, but it’s unlikely to produce enough money to justify the effort of selling it.

Make a List of the Jewellery You’re Willing to Sell:

Be completely honest with yourself about what jewellery you’re willing to part with for cash and only you can sell your jewellery. Put a family ring in the no-sell pile if it has been passed down from generation to generation. If you have lovely jewellery that you virtually never wear yet adore, perhaps you shouldn’t sell it either. However, if you’re anything like me, you may have numerous pieces that you’ve entirely forgotten about, never wear, and have a neutral feeling about. You may like the pieces, but you have no emotional attachment to them, so keep your mind straight when you need cash for jewellery.