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Any advice on selling gold and other jewellery?

Discussion in 'General Chat' started by Carole, Feb 22, 2021 at 6:09 PM.

  1. Carole

    Carole Well-Known Forumite

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    I’m in the process of going through every room in the house, every cupboard and every drawer to clear out the clutter.
    Lots of trips to the charity shops when they were open, various tip visits and selling some items on e bay.

    I’ve now reached my jewellery box and I’ve got various items of things that I’ll never wear again.
    Some of it from various ex’s with no sentimental value whatsoever.
    Examples are 18 carat gold chain and bracelets, various diamond, sapphire, ruby rings from the 80’s.

    I was just about to put a few things on e bay but I had no idea of a starting price or even how much a similar item would cost brand new so I did a bit of Googling.
    I came across some of those sites where you post your gold off and they pay you the same day but I’ve no idea how honest they are or how genuine.

    Anyway I just wondered if anyone has any advice about the best way to sell jewellery.
     
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  3. staffordjas

    staffordjas Well-Known Forumite

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    I sold several gold earrings (Odd ones) in the stall in the guildhall centre a few years ago . Only got £2 for the lot . I'd asked in Hinds beforehand and they were only going to give me around that as well. The odd ones weren't any good to me , so the £2 in my pocket was better than them sitting in the box unable to be worn.
    But if you have decent stuff I'd avoid the cash for gold places until you have checked elsewhere first.

    Whilst clearing my parents house out , I got an antiques dealer to come and look around to see if I could sell anything to them. They weren't interested in the furniture and ornaments. BUT did offer to buy the jewellery box contents that I hadn't shown them as wanted to keep my mums jewellery. (He'd been nosing around upstairs whilst I left him for a couple of minutes while a charity was collecting some furniture ! )
     
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  4. Studio Tan

    Studio Tan Well-Known Forumite

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    Do a search on ebay for items the same as / or very similar to the item you want to sell to get an idea of what people are asking. You could also click on the ‘Watch this item’ for any piece you find on ebay so you can call it up when the auction is over and see what it sold for.
     
    Last edited: Feb 22, 2021 at 7:30 PM
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  5. Trumpet

    Trumpet Well-Known Forumite

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    I'd be looking to take them to Birminghams' jewellery quarter for valuation first and take it from there. You may even get an acceptable offer, certainly better than 'cash for gold' cowboys.
     
  6. Carole

    Carole Well-Known Forumite

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    Yes I've done that and I've got an idea on the rings.
    It was the gold chains that I wasn't sure about.
    I'd seen similar chains on eBay but nothing that is 18 carat like mine.
    On one of the postal sites you can input the weight and they tell you an estimate so I did that and they say the scrap value is £700 which I find somewhat unbelievable.

    @Trumpet
    Any recommendations of shops on the jewellery quarter?
     
    Last edited: Feb 23, 2021 at 8:07 AM
  7. Carole

    Carole Well-Known Forumite

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    That was my thinking at first. A few pounds was better than something sitting cluttering up a drawer. It was only when I started looking at the online sites that I realised that they might be worth a bit more.
    However I don’t want to pop them off in an envelope only to never hear from them again which Is why I was wondering if anyone had used one.


    For example this site when I put in 22 grams at 18 carat it estimates £650, just seems to good to be true to me.

    https://www.hattongardenmetals.com/sell-gold-jewellery.aspx

    Just edited to say that I’ve now found a company in the jewellery quarter Birmingham and they say the same amount

    .https://lois-bullion.com/gold-2/
     
    Last edited: Feb 23, 2021 at 8:36 AM
  8. Glam

    Glam Mad Cat Woman

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  9. staffordjas

    staffordjas Well-Known Forumite

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    I'd feel a lot better waiting to have a trip out to the place in Birmingham . Rather than popping them in the post and risk them going astray or suddenly finding out they aren't going to be paying you anywhere near the estimated price afterall.
     
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  10. Trumpet

    Trumpet Well-Known Forumite

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    Not for gold I'm afraid. You'll probably find that they're all pretty much the same for 'scrap gold.
     
  11. proactive

    proactive Enjoying a drop of red.

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    Unless you've got some of the Crown Jewells hidden away, your jewellery will only be worth its weight in gold (or whatever precious metal it's made out of).

    If it were me I'd wait till lockdown has ended or been seriously relaxed, book a night at the Hotel du Vin in Birmingham, and take a stroll over the road to the jewellery quarter and go to a few of the dealers there to get the best price. You can then treat yourself with some of your ill gotten gains to the room plus cocktails and a slap up meal at the hotel bistro. Maybe even a bottle of decent wine from their extensive menu.
     
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  12. Thehooperman

    Thehooperman Well-Known Forumite

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    You'll probably be best calling in a few and playing them against each other. They're all close by.

    Also don't take their first offer, walk out and come back a bit later and ask them for say £20 or £50 more.

    I've done this when purchasing jewellery and got some good deals so it will probably work for selling as well.
     
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  13. Mudgie

    Mudgie Well-Known Forumite

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    And I call in at the Rose Villa Tavern whenever I'm around there.
     
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  14. littleme

    littleme 250,000th poster!

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    I just hope @Carole has watched the end of tonight's, 'Million pound pawn' before she makes any decisions!
     
  15. Carole

    Carole Well-Known Forumite

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    Ooooh yes, .... £150,000 would be nice.
     
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