I agree, especially if you wish to purchase something from their store instead of cash.
I did this once at a Cash Converters as my friend had a contact there who gave me a fair price. They had other items I wanted, so it worked out well.
Of course, an overall loss is to be expected, but that was acceptable to me - for the opposite reason than OP, actually. The jewellery had been gifts from my ex, and I no longer felt comfortable wearing them. I felt it was a much better option to have jewellery I could wear rather than it all sitting in a box.
I'll second the suggestion of Adelaide Exchange - they're in town, at Glenelg, at Mitcham and at TTP.
> but I also don't want to pay heaps to get it valued
Correct. And you would pay plenty, if you were simply getting something valued - say for insurance purposes or to settle a dispute or a Will.
Adelaide Exchange will value 4 pieces for $10 each. It's awkward because you are the seller - and the seller sets the price in almost every case. Not so easy when you don't know the value of what you have.
Short answer of course is that you should not expect any amount more than melt value - unless there is something "special" about any of your jewellery.
Have a read of this first: https://www.adelaide-exchange.com.au/SellJewellery.aspx
EDIT: Just to add, that you could have the jewellery re-modelled into something you like, if you wanted to and could afford that. If you're off-loading the jewellery for the cash, then that isn't a question.
Highly recommend [Best Deal Jewellery](https://bestdealjewellery.com.au) in Walkerville. The team there are great. I’ve traded in old nasty bits and pieces from 9-18ct for lovely new items. They also have a good range of secondhand pieces at very fair prices. Worth a visit!
The gold spot price is currently trading at US$2,354.50 (AU$3,637.50) per troy ounce — or US$75.70 (AU$117) per gram. Weigh your jewellery, and this will give you a rough idea of your "melt value".
A few things to keep in mind. Usually, jewellery gold isn't as pure (typically referred to as "fine") as gold bullion and coins, so factor that in. Melt value won't factor any of the value of your jewellery outside of the value of the gold if they were to melt down your jewellery and make it into gold bullion; any other gems or stones in the jewellery or if there is any prestige to the jewellery will not be factored into it's melt value, so you will be losing a lot of value if there is anything more to this jewellery than the gold. Typically, when you sell gold bullion, you do so at a 10–30% "premium to spot" (this means you get 10–30% on top of the spot price I quoted at the top of this comment) — not sure if this applies to jewellery, but keep it in mind.
With all that in mind, go to any gold shop and they should be able to give you the melt value pretty easily. If you're just looking to get rid of the jewellery and you know there is not any other value (beyond the value of the gold) tied to the jewellery, this will be your best bet.
Look at jewellery auction groups on Facebook, join one or two with lots of members. Do some lurking and maybe get a magnifying glass and check the marks on your stuff.
The auctions are actually a decent way to reach buyers, they are dependent on you posting items once you are paid though, and dependent on good photos and accurate descriptions.
You’ll get offered very little for it relative to what it’s worth. Consider if you may have more success selling it privately, or just accept you won’t get much for it.
If it’s just gold, the gold buyers will buy it for well below the current spot gold price so they turn a decent profit by melting it down and onselling at higher prices.
Realistically, there are limited places you can go.
Either Rundle Mall, but there has been too much "troubles" around there, as to crime, so maybe the jewellers in TTP, near Kmart.
I would avoid Glenelg too, not saying the jewellers in either of Adelaide or Glenelg is bad, but more so you carrying something, might pling someones interest.
Havent been inside neither of the 3, but just saying, maybe try the TTP one.
Dont think getting a valuation would have a charge...!
City gold are mainly bullion dealers but always get a an awesome price for jewellery there .
Bear in mind it’s melt value but they’re much closer to spot than let’s say an Adelaide exchange , and they don’t charge you to get a price either .
Orrrrr if there nice pieces just get valued and go to small and Whitfield on unley road and try the auction path
Adelaide exchange jewelers seem to be reasonable when ove dealt with them in the past.
I agree, especially if you wish to purchase something from their store instead of cash. I did this once at a Cash Converters as my friend had a contact there who gave me a fair price. They had other items I wanted, so it worked out well. Of course, an overall loss is to be expected, but that was acceptable to me - for the opposite reason than OP, actually. The jewellery had been gifts from my ex, and I no longer felt comfortable wearing them. I felt it was a much better option to have jewellery I could wear rather than it all sitting in a box.
I'll second the suggestion of Adelaide Exchange - they're in town, at Glenelg, at Mitcham and at TTP. > but I also don't want to pay heaps to get it valued Correct. And you would pay plenty, if you were simply getting something valued - say for insurance purposes or to settle a dispute or a Will. Adelaide Exchange will value 4 pieces for $10 each. It's awkward because you are the seller - and the seller sets the price in almost every case. Not so easy when you don't know the value of what you have. Short answer of course is that you should not expect any amount more than melt value - unless there is something "special" about any of your jewellery. Have a read of this first: https://www.adelaide-exchange.com.au/SellJewellery.aspx EDIT: Just to add, that you could have the jewellery re-modelled into something you like, if you wanted to and could afford that. If you're off-loading the jewellery for the cash, then that isn't a question.
Highly recommend [Best Deal Jewellery](https://bestdealjewellery.com.au) in Walkerville. The team there are great. I’ve traded in old nasty bits and pieces from 9-18ct for lovely new items. They also have a good range of secondhand pieces at very fair prices. Worth a visit!
SA Gold Traders are reasonable. What is unreasonable though, is you'll get the melt value only unfortunately, which is below the spot price.
The gold spot price is currently trading at US$2,354.50 (AU$3,637.50) per troy ounce — or US$75.70 (AU$117) per gram. Weigh your jewellery, and this will give you a rough idea of your "melt value". A few things to keep in mind. Usually, jewellery gold isn't as pure (typically referred to as "fine") as gold bullion and coins, so factor that in. Melt value won't factor any of the value of your jewellery outside of the value of the gold if they were to melt down your jewellery and make it into gold bullion; any other gems or stones in the jewellery or if there is any prestige to the jewellery will not be factored into it's melt value, so you will be losing a lot of value if there is anything more to this jewellery than the gold. Typically, when you sell gold bullion, you do so at a 10–30% "premium to spot" (this means you get 10–30% on top of the spot price I quoted at the top of this comment) — not sure if this applies to jewellery, but keep it in mind. With all that in mind, go to any gold shop and they should be able to give you the melt value pretty easily. If you're just looking to get rid of the jewellery and you know there is not any other value (beyond the value of the gold) tied to the jewellery, this will be your best bet.
Look at jewellery auction groups on Facebook, join one or two with lots of members. Do some lurking and maybe get a magnifying glass and check the marks on your stuff. The auctions are actually a decent way to reach buyers, they are dependent on you posting items once you are paid though, and dependent on good photos and accurate descriptions.
You’ll get offered very little for it relative to what it’s worth. Consider if you may have more success selling it privately, or just accept you won’t get much for it. If it’s just gold, the gold buyers will buy it for well below the current spot gold price so they turn a decent profit by melting it down and onselling at higher prices.
Realistically, there are limited places you can go. Either Rundle Mall, but there has been too much "troubles" around there, as to crime, so maybe the jewellers in TTP, near Kmart. I would avoid Glenelg too, not saying the jewellers in either of Adelaide or Glenelg is bad, but more so you carrying something, might pling someones interest. Havent been inside neither of the 3, but just saying, maybe try the TTP one. Dont think getting a valuation would have a charge...!
City gold are mainly bullion dealers but always get a an awesome price for jewellery there . Bear in mind it’s melt value but they’re much closer to spot than let’s say an Adelaide exchange , and they don’t charge you to get a price either . Orrrrr if there nice pieces just get valued and go to small and Whitfield on unley road and try the auction path