Second Hand Gold Prices

This article will look at:

• Gold prices on the open market
• Which factors affect second hand gold prices
• How to decide when to sell your second hand gold

Traditionally, gold has always been weighed in Troy ounces or grams. If the gold has been made into an alloy with other metals, the term 'carat' is used to specify the amount of gold in the alloy. 24 carats means that the metal is pure gold. Metals with lower ratings have proportionally less gold in them. The value of gold usually rises when the economy is depressed. It is at these times that second hand gold prices are at their highest. Just a few years ago gold was trading at less than $500 dollars per ounce on the market - now it is trading at over $1000 dollars per ounce. Because of this, second hand gold prices have also gone up.

Changes in second hand gold prices are due to a large number of economic factors and it is difficult to predict how second hand gold prices will be affected in the future. If you are thinking about selling your gold then it is worth noting that second hand gold prices rose to their highest ever prices in 2009 and then then dropped significantly, like house prices. If you are questioning whether to sell your gold now or wait, then our research suggests that it is so difficult to predict what the gold market will do going forward that you are better off taking the following factors into consideration before you make a decision:

- Do you need the money now?
- Will you get more enjoyment from spending the moeny on something you prefer or having it held as scrap?

It is worth bearing in mind that second hand gold prices depend only on the weight of the gold contained in the jewellery, i.e. the carat of the gold. The quality of the jewellery itself does not impact on the price of second hand gold so if you have a piece of jewellery that is broken it will command the same second hand gold price as if it were not broken. As long as you use a reputable company you will get a good second hand gold price.

One activity that some people are doing is purchasing old damaged gold jewellery from their friends and family. By selling damaged gold on their behalf they are able to make some money and provide a service to their family and friends. By selling at a good second hand gold price to a company that specialises in buying gold, some people make a nice extra side income.

Here at Grants of Cornwall, we provide a simple and quick service for people who are looking to get a great second hand gold price. We are online buyers who pay top prices for unwanted gold. Because we are an online provider, we are able to keep our overheads low and offer fantastic second hand gold prices.

Here at Grants of Cornwall, we offer you top cash for your gold. Call us free on 0800 612 2304 for more information.

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