Need to Know
Before selling your valuables, there are a few aspects of the process that you need to understand.
Work through the following list before you embark on negotiations with gold and diamond dealers:
- Knowing what you own is vital to ensure that you are not mislead in the sales process. Sort your gold according to carat i.e. 9ct, 14ct, 22ct ect. Most of the time there will be an inscription on the piece of jewellery that tells you what the carat value of the piece is. A gold chain stamped with “375” means that the precious metal contains 37.5% gold and are thus 9ct. If you are uncertain about all these inscriptions, have your jewellery tested by a reputable jeweler.
- Determine the weight of each piece using a gram scale. Should you only have an ounce scale, convert the weight to grams by multiplying the weight in ounce by 28.35
- Phone around to determine the best price on gold or silver for the day. Be aware of dealers quoting you different rates depending on the logistics of the transaction. To get our latest prices on gold and silver, simply sms “Gold” to 34484 or click on the “Today we pay” page. The price you see is the price you will receive at any of our outlets.
- When arriving at the dealer, ensure that your valuables are never removed from your sight and that all tests and calculations are done in front of you. Also ask the dealer when last his scale was calibrated.
At First Choice we use state of the art metal analysers in all our outlets to determine the carat value of your jewellery and our scales are calibrated every morning. This way we ensure that your transaction is always handled in the most honest and ethical manner.
If you would like to find out more about First Choice Gold, please contact us!