Selling your gold jewelry, the ones that are no longer used or broken is a great way to put them to god use and get some money. But when it comes to selling gold in UK most people cannot decide where to sell gold and they end up getting far less then what they should have got.
Deciding on the right cash for gold company is therefore very crucial as you would always like to get the best payout when it comes to selling gold in UK. Usually when people want to sell their old gold jewelry they first think about their local jewelry shop. Local jewelry shops are a good choice to exchange gold for cash but not the best choice. Most of these local jewelry shops act as middlemen to refineries so they offer smaller cash payouts. They sell the jewelry that they bought from you at a higher price to refineries, so to remain profitable in business they take a cut from the sale proceeds of your jewelry.
The next option is pawn shops; the payouts they offer are even lower then jewelry shops. Pawnshops will never shell out according to the real value of your gold as they don't actually buy your jewelry, they pawn it. Pawn shops loan you a certain amount of money for your ornaments and if you are unable to pay off the loan within a certain period of time they will auction or sell your ornaments.
The third option is to sell gold online. There are many reputed online cash for gold companies who buy gold for cash. If you want to sell gold online in UK then you just have to send a request and the cash for gold company sends an envelope in which you can send your gold or silver or diamond jewelries. The company then sends you a check for your item. If by any chance you are not satisfied with the payout you can return the check and get back your items.
Online cash for gold businesses generally offer higher payouts as most of them are refineries and not middlemen. Moreover you can exchange gold for cash from the comfort of your home, you don't have to hop around different jewelry shops and you don't have to spend a single penny. All shipping costs are taken care of by the cash for gold company; they even provide insurance of the package.
Deciding on the right cash for gold company is therefore very crucial as you would always like to get the best payout when it comes to selling gold in UK. Usually when people want to sell their old gold jewelry they first think about their local jewelry shop. Local jewelry shops are a good choice to exchange gold for cash but not the best choice. Most of these local jewelry shops act as middlemen to refineries so they offer smaller cash payouts. They sell the jewelry that they bought from you at a higher price to refineries, so to remain profitable in business they take a cut from the sale proceeds of your jewelry.
The next option is pawn shops; the payouts they offer are even lower then jewelry shops. Pawnshops will never shell out according to the real value of your gold as they don't actually buy your jewelry, they pawn it. Pawn shops loan you a certain amount of money for your ornaments and if you are unable to pay off the loan within a certain period of time they will auction or sell your ornaments.
The third option is to sell gold online. There are many reputed online cash for gold companies who buy gold for cash. If you want to sell gold online in UK then you just have to send a request and the cash for gold company sends an envelope in which you can send your gold or silver or diamond jewelries. The company then sends you a check for your item. If by any chance you are not satisfied with the payout you can return the check and get back your items.
Online cash for gold businesses generally offer higher payouts as most of them are refineries and not middlemen. Moreover you can exchange gold for cash from the comfort of your home, you don't have to hop around different jewelry shops and you don't have to spend a single penny. All shipping costs are taken care of by the cash for gold company; they even provide insurance of the package.