Selling gold

[hubner]

I don't actually have any gold or even jewellery but asking for someone else.

Does anyone have experience of selling gold jewellery, preferally not online? Is it a case of taking it to a jewellery shop or gold dealer? A quick search turns up a gold dealer in Hatton Garden (London's jewellery street) who claim they offer the best price for scrap gold.

[citoyen]

My wife sold some gold sovereigns a few years ago. I can't remember the details but I think she did it online. I vaguely recall there are various hoops to jump through, mainly to prevent money laundering and/or fencing stolen goods, but yes, it's basically a case of asking a dealer for a valuation and agreeing to it.

[neilrj]

We had 'heirlooms' to dispose of and didnt fancy online nonsense. So we read hallmarks for carat, weighed the items on 0.1g druggie scale and googled value, asked local jeweller and his price was bob on, none of that postage malarky.

[rafletcher]

We went to local, family run (3rd generation now) jewellers and bullion dealers. Probably not the absolute best rate but trustworthy.

[yoav]

Bear in mind that unless the Jewellery has some special or antique value (then they should sell at auction), a jewellery dealer will only pay the scrap value of precious metals and stones rather than an amount related to the cost of the item when new.

[Jaded]

Sure there is someone in a local pub that can take it for someone else?