WHAT YOU NEED TO KNOW

Important details about AGoldenGoose

Before you send your items please take a few minutes to learn some of the facts about gold and jewellery prices, so that you know what to expect as we process your transaction. Most importantly, remember that your payout is strictly for the materials in your jewellery. If you know artistry, craftsmanship, and uniqueness add considerable value to your piece, you probably should sell it on an internet auction site or consign it to a jeweller.

Essential Facts about Gold and jewellery Prices

• AGoldenGoose payouts will not correspond with the jewellerys retail price When you buy gold or other precious metal jewellery from a retailer, you pay considerably more than the cost of the metal. A craftsmans labour adds value to the piece, and the jewellers transportation and overhead costs add to the pieces price. Even at the jewellers invoice price, you are paying considerably more than simply the materials value. Retailers typically mark-up the cost of rings, bracelets, necklaces, and earrings at least ten times their actual worth. Retailers in exclusive locations mark-up prices even more. We compensate you for the value of the materials in your jewellery, all of which currently sell at record-highs, but probably will fall well short of retail prices. Especially if you are selling an antique, work of art, or hand-crafted one-of-a-kind piece, you will command far higher prices at auction than can be offered for the materials intrinsic value.

• Beware of inflated appraisals and trade-in values When a jeweller appraises your items for their trade-in value, he can afford to inflate his appraisal because his purchase of your old jewellery commits you to a purchase of new items from his collection. Although the jeweller fosters the illusion that you are receiving more money for your sale, you also will pay more for the jewellery he sells you. When you receive a high trade-in, you probably cannot capitalise on other discounts, promotions, or incentives; your trade-in comes with the condition that you will pay full retail price for new jewellery.

• Insurance appraisals reflect replacement value or fair market value Insurance companies calculate the value of your jewellery according to their best estimate of how much you would pay to replace it. Your insurance premiums vary according to replacement valuea reputable retailers price for your piece, or fair market value the average cost of similar items at nationwide retailers. Neither estimate reflects the price of the materials alone. If you own especially valuable heirloom pieces, you probably have paid extra insurance premiums for their protection. You should sell exceptionally valuable items through a broker or prestige auctioneer, who accurately can assess their value.