Keep these things in mind when selling gold
Sell gold so that you know what your offer consists of.
What things should you consider when you are selling your gold?
Have you considered selling your gold jewellery and gold objects? Are you wondering if you are getting the right price for your gold? How long does the valuation take and when can I get paid? Who can I trust?
These questions are on the minds of most people who are looking for the best place to sell their gold jewellery and other gold items. In this article, we will outline the most important things to consider when selling gold. By googling “sell gold” or “buy gold” you can compare the gold buying prices, policies and practices of different companies.
In this article, we will cover the most important things to always consider when selling gold. Read also how we at Holmasto buy gold.
Selling gold; take note of these
Familiarise yourself with the tips below before you start selling, and you’ll probably get a better price for your gold when you make your final decision to sell. You’ll learn many topics worthy of your attention that will help you sell your gold wisely and help you avoid unpleasant surprises.
In return, you can also read at the end of the text how we at Holmasto work.
COUNTERS
When you are looking for the right place to sell your gold or the best gold buyer, you will find a variety of counters. The calculators will calculate the price that the company in question would pay for your gold. You will need to enter the weight of your items and the gold content/concentration.
The consumer often lacks an accurate enough scale and the knowledge and skill to determine the gold content. Even if your gold object is stamped with a certain content, in reality the content can only be determined with the appropriate tools and methods.
When weighing the weight of gold, a sufficiently accurate balance is important. The price you pay for gold is affected by even a small change in weight.
Taking the above into account, the figures given by the calculators are rarely correct. It is good to know this so that you are not disappointed when you receive payment for your gold.
HIDDEN CHARGES
Even if you manage to enter the correct information about your gold items into a calculator of the type mentioned above, the final amount to be paid will be affected by various incidental costs for many companies. These may include handling charges per lot, handling charges per gram, delivery charges, etc.
You should carefully check the possible side charges before you send or sell your gold jewellery. You don’t want to be unpleasantly surprised when you receive final payment for your valuable items.
PRICE GUARANTEE
Many gold buying companies, especially online, will tell you about their 100% price guarantee and 100% best price. Of course, this cannot be the case.
A price guarantee would effectively mean that companies offering such a price guarantee would all commit to paying the best price on the market. There are also a number of conditions attached to these promises.
Conditions may include, for example, that you must receive a (sealed) package from a competing company, including their offer, before sending the gold to another company in the hope of getting the best price, or that the competitor’s price may be from another online-only company. In practice, these conditions are often very difficult or impossible to meet. And if they are, it is laborious and the chance of error is high.
It might be possible to meet the above conditions in so-called “bricks and mortar” shops, but they are excluded from price competition by the terms of the conditions.
DAMAGE TO JEWELLERY
Some gold buying companies will dismantle your jewellery during the valuation process. Demounting jewellery means using pliers to remove jewels, for example, from the jewellery. The jewellery is dismantled in order to determine the proportion of gold in the weight of the jewellery. Most gold buyers also do not credit anything for diamonds or other precious stones.
Unpacking and removing stones can be a problem, especially if you decide not to sell your jewellery after receiving an offer. Breaking and dismantling your jewellery will significantly reduce the value of your items when you offer them for sale to another company. Damage to your jewellery is particularly significant if you sell it to the next company that could have bought your jewellery as jewellery, not just as material.
With all companies, there is not always a guarantee that you will get all the parts of your items back. This is a point worth paying particular attention to. It is possible to value your jewellery with the right equipment so that it is not damaged.
Jewellery can also be damaged in other ways during the appraisal process of some companies. For example, the content of gold jewellery is tested by various acid tests and by scratching the surface, unless you have an X-ray analyser specifically designed for precious metals.
TERMS AND CONDITIONS
All of the above should be clearly stated in the terms and conditions of any company buying gold. They should be read carefully before deciding to send the gold or, at the latest, before accepting the purchase price. The terms should explain to you all the issues that concern you about the sale of gold and the price you will receive for it.
We buy gold at Holmasto
Holmasto is a third generation family business that has been trading gold since 1949. We buy gold in all its forms and quantities on a daily basis. When you sell your gold at Holmasto, you are selling it to a trustworthy trader with long experience. We are always personally available on site at our shop, even after the sale, if you have any questions or concerns. Our friendly and professional staff will be happy to assist you in any way they can.
SELLING GOLD AT HOLMASTO, YOU DON’T HAVE TO WORRY ABOUT THESE
We do not have a counter on our website. The reason for this is simple: each piece of gold is unique to us and we estimate our purchase price based on whether it could be restored and resold to the next user.
We always pay at least the world market price for gold. Of course, we also take diamonds and other precious stones into account in our purchase offer. The purchase value of your items is influenced by design, brands (e.g. Cartier, Tiffany, Bulgari, Lapponia, Kalevala Koru, Tapio Wirkkala, Liisa Vitali and many others) and demand.
When you sell your gold to Holmasto, you will not incur any additional hidden costs. We carry out the majority of our valuations on weekdays while you wait. We have no handling fees.
Holmasto has the appropriate research equipment and long experience in gold buying. We have an X-ray analyser specially designed for precious metals, so we can examine your item reliably without leaving any trace. We also buy unstamped gold and precious metal products.
At Holmasto, we never remove diamonds or other precious stones from your jewellery. Our professional staff is used to handling valuables.
When assessing the value of gold, an X-ray analyser is an indispensable tool to accurately determine the gold content of each item. Once we know the exact concentration of the precious metals, we can make you a reliable and accurate purchase offer.
We do not use acids or chemicals, nor do we scratch your jewellery to determine the gold content. When you bring or send your gold items to us for appraisal, you can be sure that they will be returned to you in the same condition as when they were submitted for appraisal.
SELLING GOLD AT HOLMASTO IS EASY AND SAFE
- You want us to make you an offer to buy gold jewellery or other precious metal items.
- Contact us using the button below, shop@holmasto.com or come to our shop at Aleksanterinkatu 50 Helsinki.
- We will evaluate the lot and make you an offer. We do most of our valuations while you wait.
- You can also send us your gold lot safely by post.
