Cash for Gold

[Kos]

These organisations that offer cash fo gold............ what is the difference between the price they offer you and what the item is actually worth as jewellery?

I.e I was offered £170 for an Italilan-gold bracelet. I hate it so would never wear it but if I were to sell it would I expect the same price for it?

[sandyRoe]

The offer is considerably less than the scrap value. If they can buy something that has value over and above that they're quids in.

[LoftyLottie]

I suppose it depends on it's desirability. A jeweller would give you a price based on what he thought he could sell it for (obviously with a view to making a good profit). Selling it to melt down for the gold just means you would get the going rate for 1oz for the gold.

[LoftyLottie]

True what Sandy says. If a gold dealer recognises a desirable piece of jewellery you are unlikely to be told that and you will only get the value of the gold.

[society]

They are scheming thieves.

[Dodger666]

Organisations that offer cash for gold will only offer you the scrap value. The scrap value varies daily with the world price of gold.

[Dodger666]

Forgot to add, those who advertise on the TV will give a lot less that local jewellers. It pays to shop around.

In the Midlands jewellers, Rex Johnson, tend to offer the best price.