I am selling a 22k solid gold chain on Ebay, have only a vague idea how to price it. Have been advised that should be the spot price + value of the work in making the chain. There are sellers on Ebay charging close to double the spot price. I have an offer that is close to the 75% of the spot price per gram. Should I take this offer or is too low as it doesn't include anything for the design of the chain?
Help pricing a gold chain that I am selling.
Cave Fire on 28/12/2014 - 21:10
Last edited 28/12/2014 - 21:19
Last edited 28/12/2014 - 21:19
Comments
No I haven't… read on here prior to posting that they generally offer 98% of the spot price. The last time I tried Gold Buyers in a shopping centre here in Brisbane and was offered around 50% of the spot price at the time. Thought this was common practice. Have now found others that are offering good rates.
Gold Buyers are crooks. ACA did a story on them but I knew they were bad news when they're a convenience model for the lazy.
Only stupid people think the first offer is the best offer, and one unsolicited in a Westfield's kiosk.
If anyone wants to read up on a shocker of a biz in the US called Cash4Gold preying on the naive with massive ad campaigns and big promises and literally stealing people gold jewelry by claiming it was lost in the mail etc check out some articles. Also Glenn Beck (tea party Mormon personality) and GoldLine https://duckduckgo.com/?q=US+cash4gold+goldline+scam
This might not be of much help, but it is very easy to sell gold in Thailand - there are stores everywhere quoting buy/sell prices. As PVA said, it is only worth the 'buy' price of the gold. (Unless it has some intrinsic antique value) Maybe Asian Jewelry stores are more into trading gold?
The price you get would be roughly 22/24 x spot price the jeweler follows. There is Perth Mint quote and London etc. They vary.
its only worth the price of the gold.
did you take it to any jeweller stores that buy gold? you may get a better price than ebay.