To find the best gold buyers in London, if for instance you wanted find the price of 9ct gold you have a few options open to you. Firstly you need to understand what you have in order the find the price of 9ct gold for example.

What to Look For

The first step is to look over the items that you have gathered together. Looking at them in more detail, has the gold faded to a grey/silver colour or has the gold been scrapped off leaving a silver colour beneath? If this is the case then it is likely that your item is not carat gold but rather gold plated. These items don’t command any value at all when it comes to the scrap value, gold buyers London will not give you much if any money for an item like this. If they have gemstones, then you might be able to sell these items for their retail price.

Look at the Items In Detail

If the items feel quite heavy in your hand and have a uniform gold colour throughout, including the chain links, for example then they could be carat gold but you will have to do some tests. Run a magnet over them, if anything sticks to the item then it is not gold. Although it is very important to understand with the magnet test that even if something does NOT stick to the magnet it does not mean that the item is gold. The price of 9ct gold is dependent on the item being made of no less than 37.5% of pure gold by weight. Gold buyers London will be looking at these figures before making you an offer. It is important to understand if you have carat gold or not.

How to Weigh The Items

The next step is to weigh the items. But remember that this can be problematic especially if you don’t have an expensive set of digital scales. The typical scales that a professional gold buyer would use cost at least five hundred pounds and are regularly calibrated by a professional. The scales will weigh down to the nearest 1000th of a gram and even after repeated use will stay accurate. Post Office scales or kitchen scales will give you an inaccurate reading. The price of 9ct gold is dependent on the weight of the item and so it is important to get a reading of some sort even if it is not 100% accurate – it will give you piece of mind when dealing with gold buyers London. An option is to buy or use a set of kitchen scales to give you a rough idea, remembering that this figure could be out by as much as 20%. Never rely on Post Office scales for a guideline as to the price of 9ct gold.

How to find hallmarks

Once you have identified what you think is gold and have a rough idea as to the weight of the item(s) then you need to find the hallmarks as they will give you the next piece of information needed to find the price of 9ct gold – the carat. All items sold in the UK weigh over 1gram and by law must have a hallmark depicting the carat value of the item. Although some items could be carat gold but have no hallmark. There are many good hallmark guides available on the internet. Perhaps it is safest to go to The Goldsmith Company website http://www.thegoldsmiths.co.uk/assay-office/hallmarking/. All gold buyers London will look at the hallmark when giving you a price for 9ct gold items. They will be very familiar with these marks and should pay out straight away if the items are fully hallmarked from a recognised assay office in the UK

Act Today

If you are thinking of selling your gold items it is important to act now. Gold has up until recently been at multi year highs. The price could drop at any minute, meaning that you would get less for your gold items as the scrap price is predicated on the global price of gold.

When you are looking to sell your gold it is important to understand the gold price per gram and how that affects the price of gold. It is wise before you get to that stage check what you have. One of the first things you should do when you have a piece of jewellery which you think is gold, is to run a magnet over it. If the item is attracted to the magnet in anyway then it is not gold, but also understand that even if the item is not attracted to the magnet it does not mean that it is gold.

Hallmarks

Next you should check for hallmarks. There are many good hallmark guides available on the internet. Or you could check out the Goldsmiths Company site which has a very comprehensive guide on the matter. http://www.thegoldsmiths.co.uk/assay-office/download-centre/hallmarking/. Basically the hallmark consists of 3 stamps. The markers mark, carat and assay office stamp. There can be other stamps but these are the ones to look out for. The most important stamp in understanding the gold price per gram is the carat. This tells you how much pure 24 carat gold is in the item. When you sell scrap gold this and the weight are two of the most important figures in arriving at the gold price per gram.

Carat Stamp

The carat stamp is usually made up of three figures which directly correspond to the amount of pure gold in the item. For example if the stamp says 750 this means 75.0% pure gold or 18 carat if the stamp says 375 this corresponds to 37.5% or 9 carats of pure gold in the item. If the items don’t have a hallmark don’t worry they could still be carat gold rather than gold plate or gold filled items. Don’t throw these items away just be aware that they could turn out to be non carat gold when you have your items valued.

Weighing the Items

Next the difficult part, weighing the items after you have identified that they are likely to be gold and what the carat values are. The issue is that most scales are pretty unreliable and often give false readings either over or under the true weight. This means that finding the correct gold price per gram can be difficult and may lead you to making false conclusions. If you have a set of digital kitchen scales that are relatively new. Then use these under the proviso that the reading will only be a guide and the weight could be significantly over or under the figure. Also another problem is the fact that these scales do not weigh to 100th and 1000th of a gram. This can be a problem especially when the price of gold is at 32.75 per gram price levels. Perhaps the only option is to choose a specialist and trust them not to under-weigh your gold items. As a general rule a 9ct male gold wedding ring should weigh about 8 to 9.5 grams. If the quote weights are significantly under this then walk away or ask for your gold back. Remember it is your property until you accept the offer and they can’t just melt it down to get rid of evidence, this is theft.

Gold is Price Volatile

When arriving at the gold price per gram you will have to do some legwork and research into the gold market. Also remember that the price of gold changes on a second by second basis and there can be large swings in the price over the course of a day. With the price today at historical highs now is a great time to move and cash in at these prices.

With current highs experienced in the gold market many are thinking if now is a good time to sell their gold for cash. If you do your home mark and learn about the markings on your gold items then you be in a better position when it comes to negotiate with a gold buyer. Most jewellery sold in the UK should be stamped with a number of symbols called the hallmarks. If your items don’t have hallmarks it does not mean that the items are not gold, rather that they will have to be tested before any gold buyer will offer you a price. If this is in case the item will be gold plated or a low cartage gold item. These items don’t much of a scrap gold value, you might be able to get a price based on the retail price, especially if there are any gemstones in on the items.

How to search for hallmarks before you sell your gold.

The hallmarks on a ring for instance will be located on the inside band, on any other items they will be located in an inconspicuous part of the item. You will probably need a strong magnifying glass ( at least x5 magnification ) to see the hallmarks and asses the item before you sell your gold. Some times in can be difficult to see each individual stamp which makes up the hallmark due to dirt and grease obscuring the stamp relief. If this is the case, wash the item in some hot soapy water and gently wash the item including the hallmarks with a soft sponge. Do not use an abrasive pad to wash your gold items as this will damage and mark the gold – gold can be a very soft metal, especially at higher cartages. After this you should be able to see the hallmarks clearly and this will help you to draw a conclusion on what carat the items are before you sell your gold.

Understanding the hallmarks.

Hallmarks for items made in the UK follow a set protocol. This is the case with new gold items manufactured and sold in the UK over the last 20 years or so. Previously their where different standards. There should be three stamps. One from the sponsor, one indicating the carat value, one from the assay office. Sometimes there can be a date stamp at the end, this usually takes the form of a letter. In terms of finding out the pure gold value before your sell your gold item, you need to be looking for the carat stamp. This will be a three letter figure and correspond directly to the percentage of pure 24 carat gold in the item. For instance; 375 is 37.5% pure gold or 9carats. 916 is 91.6% pure gold or 22 carats.

The Carat Value

Once you have your carat value, if the item has three stamps and the gold has been assessed by a UK assay office it can be assumed that it is correct and not a forgery. Once you have this value then you can find the total weight of the item and then the value, using as a guide cash for gold websites online gold calculators.
When you are looking to sell gold it is important to act quickly. The simple reason when is that the price of gold is very volatile and just because it is high today it does not mean that it will be high tomorrow or the day after. When you sell your gold it is important to act soon, that way you can secure the best price for your gold.

It is important to research the gold market and look in detail at the items that you wish to sell, before you send them to gold buyers. The first test you should do and all gold buyers will do, is to run a magnet over your gold items. If anything sticks to the magnet then it is not gold. Although just because it does not stick to the magnet, this does not mean that it is gold, it could be a non magnetic base metal. Also look for any hallmarks, these are almost always located in an inconspicuous part of the gold item. If your item has a full set of hallmarks from a UK assay office you can be pretty sure that everything is above board, if your items don’t then fear not. All good gold buyers will have the right specialist equipment in house and will be able to test the gold items and judge the gold carat content using the notch and acid test. This may result in some very small discolouration to your items but it should be limited to a small area. The notch and acid test is the only fool proof way of quickly testing the carat content of your gold items, it should and in reality, only take a few seconds. All good gold buyers should be well acquainted with this age old method used to test gold.

Another important consideration is which gold buyers to choose? The are many different types and each offer a different service. A few, will offer you the best price for your items, this will mainly be gold buyers such as postal gold companies. As they only specialise in buying gold from the public then it is likely that they will give you the best price for your gold. Many have their own refinery operations in house and reprocess the gold into a higher cartage form, they would then sell this on to larger refineries. Pawnbrokers and high street jewellers don’t do this.

When dealing with a postal gold company you should request a gold pack. This usually contains packaging for your gold items and a return envelope which you use to post your items back in. This service should be free and all good gold buyers will pay for this service.

Due to the global economic issues the world is facing, the gold price has had a massive run up in it’s price over the last four to five years. Many people are aware of this fact, especially gold buyers. It is important to understand that is situation may not last forever. Like every asset the price of gold rises and falls on a daily basis. It is important to be aware that just because the price is high today does not mean that the price will be high tomorrow. If you act now, you could secure this high price for your gold items before the price drops in the future.

You many have seen a number of advertisements recently advertising cash for gold, they look very appealing and you might be tempted to sell some gold. Before you do that, here is a very quick guide on how to get the highest cash for gold prices when selling your scrap, broken, or unwanted gold items.

What do you have?

This is very important, as in some cases people think that they have gold jewellery when in fact they have costume jewellery items, or heavily plated gold items with a base metal interior. Cash for gold prices for these items are very low. You may be able to get some money for these items based on their retail price, this is especially the case if these items have large gemstones or even diamonds.

Retail Price and the Scrap Price

This is important to understand and it confuses many people when they try to get the best cash for gold prices. When you sell your gold items at a cash for gold company, postal gold company, or in some cases jewellers or pawnbrokers. You are selling the item based on its scrap gold price, this is the price of the item if it was melted down and the pure gold content sold based on the London Fix Price. ( when we talk about pure gold we mean 24 carat gold ). If the item is only 9 carats and weighs only a few grams then you will get less for it based on the scrap gold price than if the item was of high carat consisting of 18 carats and the item weighing over 15 grams. There would be more, 24 carat pure gold in this item than the previous item mentioned. The retail price is the price based on the resale of the item on a retail basis. The amount of money a jeweller would get for the item if they sold it in their shop. Usually the retail price is far more than the scrap price. This is due to the fact that most jewellers add a 300% mark up on items they sell in their shops. If an item has gemstones and has in attractive intricate design, this would sell for more based on the retail price than a heavy unfashionable curbed gold chain for instance.

Hallmarks

Hallmarks are important to understand when you seek to get the highest possible cash for gold prices. They will show what pure gold content is in the gold item. There are many online guides detailing how to assess the hallmarks on a piece of jewellery. Usually there will be a 3 figure number which corresponds to the percentage of pure 24 carat gold in the item. 12 carats is 375 – 37.5 % pure gold. 22 carat is 916 – 91.6% pure gold. etc.

Move today

Finally if you are looking to get the best cash for gold prices now might be a good time to move as the price of gold could dramatically fall in the near future. Don’t just take our word for it look at the Wall Street Journal reporting on the issue http://blogs.wsj.com/marketbeat/2012/04/30/gold-shakes-off-1-24-billion-fat-finger/. There are large players in the gold market and it appears that they would like the price of the yellow metal to go down significantly in the near future. They are taking massive positions in the gold futures market and attempting to manipulate the market. Today really is a good time to sell to get the best cash for gold prices.

In these difficult financial times, with the price of gold hitting all-time highs, many people are thinking; is now a good time to sell my gold jewellery? So is this the answer to your financial troubles, by selling gold jewellery, the best way to get you out of this short term financial bind?The answer is yes for a number of reasons . Firstly if you have some short term financial issues then selling gold jewellery could very well be the answer. This is because you are selling an asset you already have and will not go into debt in the transaction. The process in selling gold jewellery is very simple. You request a gold pack from a postal gold company and then you return the insured self-addressed envelope to the company for valuation. You should get your money the day they receive your gold or a few days if you want hard cash. This process does not involve taking on debt, which would happen if you went to a payday loan company or pawnbroker.

A few Important Points to Remember

Obviously there are a few important points to remember before you send you gold off in the post. Firstly you need to know you have gold. You can look for hallmarks or run a magnet over the items. If anything sticks to the magnet then it is not gold. Next try to weigh the gold items that you have. This can be quite difficult as to get an accurate figure you will need a set of precise jewellers scales which usually cost upwards of £500 pounds. This clearly defeats the purpose of selling you gold jewellery for some quick cash. Rather than buying a set of jewellers scales a better option is to pick a good postal gold company and trust them to accurately weigh the items. This brings us on to the next important point when selling gold jewellery.

Choose the Right Company

It is important to choose the right postal gold company when you are selling gold jewellery. The best tack to take is to avoid any companies who advertise on TV or use Z-list celebrities to endorse their service. The simple reason behind this argument is that it costs allot of money to have these so called celebrities endorse a product or service. The postal gold service will have to find the money to cover this expense, and this usually means taking it from the customers, by offering them a lower rate for their Gold. Also the same principles apply to TV ads, they can be even more expensive and you are likely to get very little for your gold if you send it to a company who advertise on TV. A better option, is to look on Google and find a company that is on the first page for a search related to selling gold jewellery. This means that google ranks them highly and they will have a allot of customers. If that is the case then it usually means that they will offer a good price for your gold. If they did not, then they would not be as popular and so would not be on the first page of google.

The Gold Price is Volatile

Finally one of the most important things to remember is to act now when selling gold jewellery. The reason for this is that the price of gold is at all-time highs and this may not last for very long. It is important to cash in today or the price of gold could drop dramatically in the near future.

Many people have unwanted broken or scrap gold lying around their house. Some may think that it’s worthless because it is broken or too old. Given the price of gold at the moment this is a big mistake. Now is a great time to cash in and get the best price for gold. The question for many is how do I get the best price for gold?

A Good Guide

First of all let’s give you a really good guide on how to secure the best price for gold. To start with, you need to ascertain if you have gold or not. When I mean gold I mean gold alloy were as a pure gold content is at least 37.5% or 9carats. It is easy to be fooled by jewellery not entirely gold. A lot of items have a heavy gold plate but the interior will be made from a base metal. An easy way to test is to use a magnet. Whatever sticks to the magnet is base metal. If it does not stick to the magnet then it is likely to be gold.

Hallmarks

In order to get the best price for gold you need to understand how much pure gold is in your items. The simplest way to check is to look for hallmark’s. Any item weighing more than 1 gram or more than 9 carat will have a Hallmark according to UK law. You can use many of the online Hallmark guides to work out how much pure gold is in your items. Usually you need to look for a three digit number which corresponds to the amount of pure gold.

Weighing the Gold

Next you must try to weigh the items. This sounds simple but in reality it can be very difficult to get accurate figure. When the price of gold is so high a couple of grams here or there can make a big difference. You get a completely accurate figure you need to buy a set of jewellers scales. The cheapest will cost around 300 pounds. Clearly this defeats the purpose of selling your gold to get some quick cash. The best solution is to use a set of digital kitchen scales. These will give you a rough figure, a guideline that you will use to get the best price for gold. Then choose a good firm that you trust in order to give you the correct weight for your items.

Who to Sell Your Gold Too

The next step, to secure the best price for gold, is to choose which type of buyer you are going to use. One option is to down to your local high street and try to sell you a gold a jeweller or pawnbroker. These organisations specialise in selling gold, or using gold as collateral to lend money. None of these organisations specialise in buying gold from the public. Another option is to use a specialist in this area. A postal gold company specialises only in buying gold. They will have the right equipment and have refiners in place. All this means that they are likely to give you a higher price than you would receive if you went down to your local high street and dealt with a jeweller or pawnbroker.

Choose a Specialist and Act Now

Choose a specialist in the area to secure the best price for gold. Although it is important to act as soon as possible as the price of gold is at all-time highs. Now is a great time to cash in securing the best price for gold

I bet you have been thinking should I sell my gold? In fact many people are thinking exactly the same given the unprecedented rise in the price of gold. Like all assets, the gold price rises and falls due to a number of global financial forces. The question is when should I cash in and sell my gold.

Gold Is At All Time Highs

Given the fact that gold is at all-time highs many would say now would be a good time. Others might suggest that the best thing to do is to wait until the middle of this year when the price would be likely higher due to the Eurozone crisis, which would send the price of gold massively higher.
For many the most important point to remember when you ask the question when should I sell my gold. is what type of gold to I have and in what form. If you have gold bullion then it might be a good idea to wait. Any large scale crisis in the global economy will send gold higher, and in particular gold bullion. Gold bullion will have a particularly high premium attached to it, which would be more than the London Fix-Price This is because many people will want to cash out of the local currency into hard asset, and there is no harder asset than gold bullion.

Gold Jewellery

If you have gold jewellery, that is unwanted, broken, or scrap then this does not have a particularly high premium attached to it. When you sell your gold you will get the scrap price which is below the London Fix Price. As this is the case then you would have less by waiting to see if the price might go up in the future. The best bet is to sell now and cash in while the price is at historical highs.

Who to Sell Too

Your next question should be who should I sell my gold too to? If you make the assumption that you have gold jewellery, or scrap gold. Then you have a number of options open to you. You could for instance go down to the local jewellers and try to get as much is possible. Or you could go to the local pawnbroker. Or you could look online to find a specialist deals only in buying gold from the general public. These firms have specialist equipment used to value gold and have agreements with refiners in place. This means that when you sell gold to an online postal gold company, for instance, it is likely that you will get a good price because they specialise in only buying scrap gold from the public.

Postal Gold Company

The best way of choosing an online postal gold company is to look at Google and type in a term that is relevant to selling your gold. ie, sell my gold. The best companies will have a contract in place with the Royal Mail. This means that you can post your gold to the company free of charge with its contents insured. Also it’s important to get a good quote. One of the easiest ways to do this is to go online and use one of the many online cash for gold calculators to work out how much you will likely receive your gold. Remember this figure can only be a guide price. As we have learnt before the price of gold is very volatile and rises and falls on a daily basis. For this reason the quote to get from a cash for gold calculator cannot be 100% accurate. But if you do your homework then you can easily pick the right postal gold company to sell your gold too.

To Answer the Question

To answer the question; who should I sell my gold too? Is easy as there are many options open to you. Obviously it is important to choose the right firm to get the best price. The more important question is when should sell your gold. The answer to this question is straightforward, as soon as possible, given the high price of gold at the moment, and it’s volatile price history. As mentioned previously, gold is a global commodity traded on the open markets. There are many forces that pull the price of gold higher and lower. These forces may not be apparent to the average person on the street. You don’t need to know the ins and outs of the global financial economy, rather the simplest thing to remember is if the price is high then cash in.

Many of us have one or two old gold coins lying around their homes. Sometimes these can be in the bottom of jewellery boxes, bedroom drawers and cupboards.
When you’re looking to sell gold, be that gold jewellery, scrap, or coins it is important to understand what you have and were to go to get the best price.
Gold coins can have a number of different values associated with them. Sometimes they can have high numismatic value, bullion value, or because of their high gold content had very good scrap gold price. When you are looking to sell gold you need to know what you have one of the best places to get a good idea is to go on the Internet.

Postal Gold

Once you have found and identified your gold coin the next step is to pick who you are going to sell it to.
Depending on if your gold coin has a high scrap gold price you could choose to use one of the many postal gold companies. These are firms that specialise only in buying gold from the public. They usually offer a very good scrap gold price. If you’re gold coin does not carry a high premium over the spot price this can be a good place to sell gold too. The reason for this is straightforward, these companies only specialise in buying scrap gold from the public and so they have strong agreements in place with the large precious metals refiners and also the most up-to-date equipment used to value scrap gold. This means that they’re likely to give you a very strong price for any scrap gold. Many of the larger firms have gold calculators that you can use to get a rough idea of how much you will likely receive for your gold items.

Other Choices

You could try going to a pawn broker or high street jeweller.
These firms specialise either in lending money or selling gold to the public. When you sell gold is important to choose a specialist who buys gold from the general public, thus getting the best price when you sell gold.
You could try listing the gold coins on eBay. Although you will have to photograph the coins and list them on the site. Then you will have too deal directly with the buyers and in particular if they don’t pay up. After all that eBay will take 10% of your money for the pleasure of listing your gold items on their site. In many cases this 10% fee makes listing and selling your gold coins on eBay prohibitive.

Act Now

If you’re looking to sell gold is important to act as soon as possible. The reason for this is very straightforward, the price of gold has reached all-time highs. When a volatile commodity such as gold reaches such highs the price usually drops quickly afterwards. This is because many people cash at and sell their gold holdings, and in the process depressing the price. Gold is a very volatile commodity. Unlike many other commodities its price is manipulated in the short-term by global forces which act to push the price down or raise the price to multi-year highs. They do this in order to profit from the trades. As the gold price is at these levels today, now is a great time to cash in and sell gold.

Strange as it is, really there is no such thing as Rose Gold, pure gold is too soft to be made into every day jewellery. Instead it is mixed or alloyed with other metals in order to increase its strength for it to be made into every day jewellery.During this process, when gold is mixed with other metals such as copper zinc nickel and silver, the color changes. Gold with a high nickel content is commonly called White Gold. Since we are talking about Rose Gold let’s look at that in more detail

Russian Gold

Rose gold, it is sometimes called a Russian gold. It first started to be used for jewellery during the early 19th century in Imperial Russia. During this time the Russian ballet had a great influence over everything in society and thus set fashions and trends in society.Ballet dancers started wearing brightly coloured costumes and rose gold became popular with the dancers and so the wealthier parts of Russian society at the time. The colour comes from a heavy mixture of copper in the gold alloy making the colour a reddish tone, the more copper deeper the red colour.

Lower Amount of Pure Gold

Rose gold items will typically contain a much lower amount of gold in the alloy. And so will carry a lower price. When you sell scrap gold it is important to be aware of the gold content in any item. This is particularly the case if you have a Rose Gold items that you are looking to sell. To sell scrap gold you have a number of options available to you.
Your first stop should be to go on the Internet and find out the scrap gold value of the items. When you are looking to sell scrap gold is important to understand the carat value of the item. This is especially important when you have rose gold. You can look at the many postal gold companies and find out easily using their scrap gold calculators. Once you have an idea of the scrap value then you must decide who you should sell the items to.

Retail Price Vs Scrap Gold Price

If the items are likely to have a strong retail value then it is best talking to a jeweller first. They should be able to offer a good price and perhaps more than if you are looking to sell scrap gold. The retail price is simply the price if it was sold in a shop window in a high street jeweller.
The scrap gold price is simply the price based on the amount of pure gold in an item and the given gold price on that day. Nothing has any bearing when you are looking to sell scrap gold
If you decide to use a postal gold firm it is important to choose the right one. As a rule of thumb do not choose an organisation that advertises on TV nor an organisation that engages celebrities to endorse their product. Typically these organisations have to cover the cost of high budget marketing gimmicks and so are unlikely to offer a high price for your scrap gold. It is best to sell scrap gold to an organisation that has a good ranking on Google. This means that they are very popular and so by definition will likely offer a good price for your scrap gold.
Weigh your items and try to find out the correct carat value for each item. Then you will have a good idea of how much you will likely receive. Obviously take into account the London fixed-price at all scrap gold transactions should be based on this price. Use the online gold calculators on many of the larger postal gold firms websites and send your gold off to the firm gives you the best price.

Retail Price Vs Scrap Gold Price

It is important to act quickly if you are looking to secure the best price when you sell scrap gold. The price of gold is very volatile and there is no guarantee that they will remain at the highs we have experienced recently. By acting now you can secure the best price for your scrap gold.