Renew Your Look When You Want to Sell Gold or Recycle Your Old Jewellery

You might wish to sell Gold Jewellery items that are broken or outdated and there are many ways of getting rid of your precious assets. However, a quick sale on an online site or at a pawnbroker’s could result in a rash decision that could leave you with buyer’s remorse. If it’s time to cash in on your previously-loved Jewellery, why not consider renewing them instead?

There are several factors to consider before you sell Gold Jewellery and you shouldn’t be left feeling forced to minimise your price for buyers hunting for a bargain. Selling your precious pieces in this manner may offer some return but will not earn you a profit. By contrast, the Gold market remains buoyant and provides sellers with a means to make a substantial profit on their sales.

What Factors Should You Consider When You Sell Gold?

Naturally, you will want the best price you can get for your items, and this will depend on what you are selling and to whom. Consider the following:

  • The Items for Sale: The Gold in Jewellery items that you no longer wear because it’s unfashionable or even broken still has a guaranteed value based on the metal’s spot price at the time of sale.
  • The Potential Buyer: You could sell your items to a pawnbroker or use them as collateral against a temporary loan if they have sentimental value. However, your return will be minimal, as it will be based purely on the broker’s estimate of its value and perceived resale prospects. The better option is to sell to a registered Bullion dealer who will assay the items and offer a sum commensurate with the day’s spot price after deducting a modest amount in grams for melting loss.
  • Seller’s Remorse: To some extent, the pawnbroker’s option to redeem an item offers a means to recover an object with sentimental value. When in desperate need, we may be forced to part with treasured pieces inherited from a loved one, only to regret it later. Mr K is a registered dealer in Precious Metals that understands this common dilemma and therefore offers a Buy-back option. A seller is given 30 days from the date of sale to repurchase an item(s) for the price paid.

Turn Old Jewellery into New Stylish Pieces Instead

Mr K recycles much of the Gold and other Precious Metals retrieved from the Jewellery we buy. The initiative helps to reduce pressure on the limited reserves and the environmental impact of mining. However, unlike Mr K, most other dealers don’t employ a team of manufacturing jewellers. Our experts are skilled in the design and production of bespoke Jewellery. Clients with pieces that have become outdated can submit them together with any suggestions they may have or rely on us to create new and modern fashion items that are more in keeping with the styles of today leaving you with an elegant, hand-crafted piece that can be worn proudly.  

How to Sell Gold to Mr K

We have branches in Gauteng and the Western Cape where you can arrange to sell Gold Jewellery or recycle it. Bullion bars and Kruggerands can also be purchased or sold online. Why not click here to locate and contact your nearest branch?

DISCLAIMER: The information above was derived from reliable sources and deemed accurate at the time of writing. However, changes following publication may have affected its accuracy. Such changes may occur without notice, and Mr K cannot be held liable for inaccuracies in this article’s content or how a reader may choose to interpret it.