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Thread: Selling gold

  1. #1
    Master
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    Selling gold

    Two bangles, originating in Hong Kong. Extremely heavy, and soft. approx 80 grammes, marked 999.9, been in family for years.

    Anyone who can suggest a decent place to deal with, help would be appreciated.

    Last time I did this I really got my fingers burnt.

    Photobucket playing up so no piccie
    Last edited by BrianT; 1st August 2017 at 09:46.

  2. #2
    Master
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    I would contact Baird & Co in London as they buy scrap gold by quality and weight.

  3. #3
    Hatton Garden Metals have a great reputation.

  4. #4
    Just another one to consider ,i have used these guys with no problems.
    https://www.ukscrapgold.co.uk/why-us

  5. #5
    Master
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    Hatton people are certainly the highest offer, by about 5%.

  6. #6
    Master jimp's Avatar
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    Have you got pics of them, if they are a nice design it may be worth selling them as jewellery instead of scrap, so many nice pieces of jewellery have been lost to the scrap dealers.

  7. #7
    Master
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    I think the best price is usually for scrap value.
    In Dubai, you don't pay for the workmanship, only the value of the actual gold, where the price is made available every day.

  8. #8
    Master
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    Not very pretty.
    untitled 10.26.54 by Brian Tompkins, on Flickr

  9. #9
    Thread resurrection….. wife has been having a clear out and has about 103 grams of old gold jewellery. Where best to sell ?


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  10. #10
    Grand Master
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    Ive always used Hatton Garden Metals

    Depending on if their any stones making up the weight (they will be removed and will not count against the weight) should net you around £1500 +

    Based on 9ct but obviously more f the grade is higher

    Payment is same day as they receive and check it.

    https://www.hattongardenmetals.com/


    Quote Originally Posted by dandanthewatchman View Post
    Thread resurrection….. wife has been having a clear out and has about 103 grams of old gold jewellery. Where best to sell ?


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    Cheers,

    Ben



    ..... for I have become the Jedi of flippers


    " an extravagance is anything you buy that is of no earthly use to your wife "

  11. #11
    Journeyman
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    Another nod to Hatton Garden Metals. I used them a few years ago when I was visiting to sell my mothers rings etc on behalf of my father. The ones no-one was interested in went to HGM and they paid me for them in cash whilst I was there. All very professional and a decent rate for the gold.

  12. #12
    Thanks - HGM are sending me secure package. Will report back how it goes


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  13. #13
    Master
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    Where abouts "up north" Dan? I've a guy in Prestwich who buys my gold. HGM are good but they have dropped their prices a bit recently, I generally get 3% - 5% higher than their offer, which is worth having if you've got 100 grams (£1500 worth).

  14. #14
    Think I'd be a bit miffed if you get nothing for the stones. Tiny little one's fair enough but if you have a few carats worth it might pay to shop around.
    Some do pay for the stones separately.

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  15. #15
    Craftsman
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    Quote Originally Posted by sickie View Post
    Think I'd be a bit miffed if you get nothing for the stones. Tiny little one's fair enough but if you have a few carats worth it might pay to shop around.
    Some do pay for the stones separately.

    Sent from my SM-N976B using Tapatalk
    Gotta say, used Hatton Garden Metals today and was excellent. Best price, no fuss easy to deal with
    Recommend.


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  16. #16
    Master M1011's Avatar
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    Quote Originally Posted by sickie View Post
    Think I'd be a bit miffed if you get nothing for the stones. Tiny little one's fair enough but if you have a few carats worth it might pay to shop around.
    Some do pay for the stones separately.

    Sent from my SM-N976B using Tapatalk
    HGM simply don't buy stones. They don't take them either though, so you can do what you want with the stones separately. Seems fair enough.

  17. #17
    Master
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    Quote Originally Posted by Bazzman View Post
    Gotta say, used Hatton Garden Metals today and was excellent. Best price, no fuss easy to deal with
    Recommend.


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    I've used them before. I'll echo with a +1 for ease of use, but they are currently a quid a gram under what I get from other places.
    They used to be down by a few pence but that's a real drop - bear in mind that's £2 a gram on 18ct and almost £3 on 22ct. I still keep an eye on their prices but they won't get any of my stuff.

  18. #18
    Would a 1/2 sovereign (1982) sell just for the scrap value ? 9ct about £15 a gr is that about right ?

  19. #19
    Master
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    Quote Originally Posted by sickie View Post
    Think I'd be a bit miffed if you get nothing for the stones. Tiny little one's fair enough but if you have a few carats worth it might pay to shop around.
    Some do pay for the stones separately.

    Sent from my SM-N976B using Tapatalk

    I don't know of anyone who pays for the stones separately, not unless it's a decent size (for me I'd say fifth of a carat or better, as a rule). It's cheaper for a trade jeweller to buy wholesale than mess about grading small stones, they are really not expensive to buy, it's setting them that costs a fortune.
    I do save everything out of scrap jewellery though - most stones sit gathering dust forever but something will occasionally come in handy for a repair, or a bespoke design I've come up with.

    Now and again I have a clear-out and chuck a load on eBay, lots of hobbyist jewellery makers like a little box of treasure to play with setting, but it's rare that they have much value sorry.

  20. #20
    Master
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    Quote Originally Posted by TheTigerUK View Post
    Would a 1/2 sovereign (1982) sell just for the scrap value ? 9ct about £15 a gr is that about right ?

    It trades on its bullion weight, so yes - 3.99 grams of 22 carat gold which is around £38 a gram. £150 or so at its smelting value.
    However, there are tons of collectors for sovereigns so you'd probably do a bit better on eBay, or even here. Anything in the £150-£200 ballpark.
    Last edited by kevkojak; 5th December 2021 at 17:05.

  21. #21
    Quote Originally Posted by kevkojak View Post
    It trades on its bullion weight, so yes - 3.99 grams of 22 carat gold which is around £38 a gram. £150 or so at its smelting value.
    However, there are tons of collectors for sovereigns so you'd probably do a bit better on eBay, or even here. Anything in the £150-£200 ballpark.
    Thanks, I hadent thought about the gold "scrap" I had knocking about until this post, 17gr plus the half sovereign, could pay for some of my MR2 suspension I want to refresh :)

  22. #22
    Craftsman
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    Kev is right about the half sov. Some are very valuable. I dabble in sovs a fair bit as a side hustle. That said…

    1982 not a great year. Huge mintage and you can find them everywhere. If you are a regular user of eBay wait for a cheap listing. It will go circa 175 plus post. Not worth selling with normal fees as that’s about net scrap.

    Anything else you’ve got that’s saleable 9ct will go about 30quid a gram as jewellery.
    Really old fashioned pieces go for around scrap only.

  23. #23
    Quote Originally Posted by Sean89 View Post
    Kev is right about the half sov. Some are very valuable. I dabble in sovs a fair bit as a side hustle. That said…

    1982 not a great year. Huge mintage and you can find them everywhere. If you are a regular user of eBay wait for a cheap listing. It will go circa 175 plus post. Not worth selling with normal fees as that’s about net scrap.

    Anything else you’ve got that’s saleable 9ct will go about 30quid a gram as jewellery.
    Really old fashioned pieces go for around scrap only.
    Thanks, is the half sovereign best to sell on its own or with the mount for use with a neck chain ?

  24. #24
    Whilst talking about gold is there any value in these 10K graduation rings ? the only time I wore them was in the early 80s whenever I went to the Casino as I considered them my lucky rings, I never won a lot but then again never lost a lot so perhaps they were lucky :)

    1970 Central Bucks and 1977 Massapedqua High (Chiefs).


  25. #25
    Master M1011's Avatar
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    Quote Originally Posted by TheTigerUK View Post
    Thanks, is the half sovereign best to sell on its own or with the mount for use with a neck chain ?
    If it's been mounted, odds are the soverign is worth scrap gold value as usually it'll be malformed.

    To be honest when selling a single half sov I'd take the HGM over the hassle of eBay for a few quid anyway. Save the potential hassle of scammers.

  26. #26
    Quote Originally Posted by Sean89 View Post
    Kev is right about the half sov. Some are very valuable. I dabble in sovs a fair bit as a side hustle. That said…

    1982 not a great year. Huge mintage and you can find them everywhere. If you are a regular user of eBay wait for a cheap listing. It will go circa 175 plus post. Not worth selling with normal fees as that’s about net scrap.

    Anything else you’ve got that’s saleable 9ct will go about 30quid a gram as jewellery.
    Really old fashioned pieces go for around scrap only.
    That’s interesting as I inherited a full sovereign from Queen Victoria’s era. Not sure what year but it is a young Queen Victoria early 18xx.

    No idea if this worth anything more than it’s gold value but wondered if it would of interest to collectors

  27. #27
    Master
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    Quote Originally Posted by paw3001 View Post
    That’s interesting as I inherited a full sovereign from Queen Victoria’s era. Not sure what year but it is a young Queen Victoria early 18xx.

    No idea if this worth anything more than it’s gold value but wondered if it would of interest to collectors
    Condition is key, as is the country of origin, back then we had a few Royal Mints including three in Australia - some of those can be worth really good money.
    Date doesn't factor in quite so much, most years there were millions of sovereigns minted so there are very few "rare" years. Worth googling though once you've has a look which year it is. There are a few sites which give you mintage numbers.

  28. #28
    Master murkeywaters's Avatar
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    Quote Originally Posted by TheTigerUK View Post
    Whilst talking about gold is there any value in these 10K graduation rings ? the only time I wore them was in the early 80s whenever I went to the Casino as I considered them my lucky rings, I never won a lot but then again never lost a lot so perhaps they were lucky :)

    1970 Central Bucks and 1977 Massapedqua High (Chiefs).

    I wouldn’t sell those for scrap, surely someone/collector would pay above that value.

  29. #29
    Master murkeywaters's Avatar
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    Quote Originally Posted by kevkojak View Post
    Condition is key, as is the country of origin, back then we had a few Royal Mints including three in Australia - some of those can be worth really good money.
    Date doesn't factor in quite so much, most years there were millions of sovereigns minted so there are very few "rare" years. Worth googling though once you've has a look which year it is. There are a few sites which give you mintage numbers.
    As you say it’s all about where it was minted, I have a few Spinks books that give values for all English coinage, we’ll worth it for anyone dabbling in numismatics..

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