Greetings! Investing in gold is much safer than in any other asset, since regardless of the exchange rate, it is valued all over the world. It is used in the jewelry, electrical and space industries, in the form of assets. The stability of the national currency depends on the gold reserves.
People use the precious metal as a store of capital and an investment that sooner or later has to be cashed out. I will tell you where to donate gold and how to get a decent payment in this article.
How is the cost formed?
It is known that the weight value of a product changes regularly, and fluctuations can occur several times a day. This fact is influenced by:
- volume of supplies to the world market;
- dollar exchange rate against the ruble;
- demand among investors;
- activity of state banks in countries with stable and developed economies;
- influence of the London Stock Exchange.
In our country, the price indicator for precious metals is set by the Central Bank. This happens every day after 10 am. Based on the rate announced by the Central Bank, other financial and credit organizations set their prices. But they add interest rate. Ingots and coins can be purchased and sold profitably.
In addition, the form of gold is taken into account when pricing. It can be in the form of ingots, scrap, jewelry, etc. It is important that a sample is present. This is an indicator of quality and purity.
You can find out the price per gram on gold buying and receiving websites. Thus, the website of the Charoit pawnshop in Penza has a built-in calculator. Anyone wishing to sell or pawn an object needs to enter data on weight and fineness, and he will find out the approximate cost.
Please note that this is not the final result. The appraiser needs to inspect the item being surrendered to determine its condition.
Banks
The next place to donate gold is banks. However, there are some nuances here. Banks do not accept scrap jewelry; they only purchase gold bars and coins legally purchased from banks. And if everything is clear with bullion, then there are two types of gold coins: collectible and investment.
Collectible Russian gold coins are products of limited editions, of different mintage and design. They are sold at a price higher than the cost of the metal, as they are of artistic value. But they will be accepted back only if they are in perfect condition. The slightest defect will mean that the coin will be bought at the price of the metal.
It’s easier with investment gold coins. They are minted in large quantities, and their price always depends only on the weight of the metal. Of course, banks always buy a little cheaper than they sell, but their exchange rate is good - about 2400 per year.
It is important to remember that after selling the bullion you must pay 13% income tax. Investment coins are not subject to this tax.
What to do if the sample is missing?
If the tag is missing, it will be difficult to sell the item. But there is a way out. You should consider offers from pawnshop organizations or jewelry workshops.
The staff includes appraisers. They will conduct an examination and independently determine the ratio of impurities and precious metal. Depending on the result obtained, the price will be announced to the customer.
It also happens that the owner does not even suspect that he is storing a high-quality imitation. In this case, the expert will inform him about the fake. The deal will not take place.
Commission shop
Where is it profitable to donate gold if the jewelry is in perfect condition? If the chains, earrings and bracelets are beautiful enough, have no defects and are polished to a shine, then they can be sold through a consignment store.
The advantage of this selling method is that you can get the value not of scrap gold, but of a full-fledged piece of jewelry. Of course, a certain percentage will have to be discounted for the fact that the item is second-hand, and besides, the store will take its own commission. However, in some cases this option will be more profitable, although the process will take a long time.
Where is it profitable to sell gold: options and advantages
Certain types of organizations and individuals are engaged in the acquisition of precious metals. Before handing over your inventory, you should carefully study the offers of all potential buyers and only then enter into an agreement.
Pawnshop
They take any form that has value. So, in “Charoit” they will take gold regardless of its condition and type. No one will require quality certificates.
If a client urgently needs money, but plans to return the rental property, you can draw up an agreement to borrow funds against collateral. In the future, the seller will buy back his property, returning the borrowed finances with interest.
If the client knows that he will not buy anything back, it is better to sell it right away. It's more profitable.
The appraiser will examine the sample and make a conclusion. The outcome will be influenced by factors such as:
- weight;
- try;
- state;
- loan term;
- form.
All adult citizens can apply here. You will need to provide a passport. Without identification, the transaction is impossible.
Purchase
They are engaged in buying scrap and gold items for the purpose of subsequent resale to jewelry workshops or pawnshop companies. Here is the lowest rate. This is justified. Otherwise, the activities of such establishments will not be profitable.
The advantage is that it is possible to get rid of scraps, parts of jewelry, and dentures. Experts say that organizations accept the precious metal at a price one and a half to two times lower than the market price.
Internet auctions
Pawn shops sell unclaimed gold here. It is unlikely that you will be able to personally hand over an item to an auction. But you can buy good, high-quality jewelry.
Only original, exclusive jewelry in excellent condition is exhibited. Persons who have reached the age of majority are allowed to participate in the process.
Also, to take part in the auction, you can call the specified phone number or send an electronic application.
Consignment specialty stores
They specialize in the sale of jewelry purchased from private individuals under a contract. The seller receives income only if the item is successfully sold.
If the goods cannot be sold, they are returned to the owner. The profit of commission merchants comes mainly from interest.
Banks
You can sell bars or coins here. Jewelry or figurines will not be accepted. Samples must be in excellent condition with no obvious defects. They will also be required to provide a certificate.
Selling stocks to banks is not always convenient. The population generally has jewelry, but the financial and credit organization does not purchase it.
Private individuals
Sales can be complicated by finding the right seller. There is a high risk of running into a scammer. In addition, private receptionists are interested in collectible exhibits. They will not deal with scrap or damaged products.
Thus, it is wisest to turn to pawn shops. Let's note their advantages:
- speed of transaction;
- availability of a minimum of documents;
- the opportunity to return the deposit;
- money will be received instantly;
- the opportunity to sell precious metals in any form and condition.
"Charoit" receives flattering reviews from customers. They are satisfied with the work of the experts and the results obtained.
FAQ
Let's look at the questions that usually concern owners who want to donate jewelry. I will try to answer them as completely as possible.
How to protect yourself from scammers when selling gold
To avoid falling into the hands of scammers, you must use the services of only trusted workshops, pawnshops and stores. To obtain a jewelry license, these organizations are officially registered and operate under a certain code from the OKVED classifier.
Any deviation from the activities specified in the documentation will deprive the establishment of its license, and the owners will face legal proceedings.
Buying dental gold - who benefits from it?
Not all organizations agree to buy dental gold. Most often it is accepted as scrap, very cheaply, because the crowns are unsuitable for further use and do not have any artistic value. MosGosSkupka offers a favorable price for dental gold in Moscow.
Why are crowns made from 850 gold?
In those days when it was popular to wear gold teeth, it emphasized a person’s status. However, it was not possible to use pure metal due to its plasticity, so impurities were added for strength: silver, which also has antibacterial properties, and copper.
That is, the product contained a large amount of precious metal and at the same time was strong enough to withstand certain loads when worn.
Rules for buying teeth: why you shouldn’t take them to a pawnshop
In the presence of the owner, a specialist checks the dental gold for the amount of impurities and establishes the sample of the item using special reagents. If the client has not changed his mind, then after completing the check, the buyer fills out a form indicating the following information:
- date;
- weight;
- sample;
- payment amount.
The owner is given money, the transaction is completed.
Pawnshops benefit precisely from the interest that the client pays for the returned item, and if he does not return for the item, then it is sold. Crowns cannot be reused, and the only solution is to sell them as scrap, that is, at a very low price. That’s why pawn shops buy dental gold cheaply.
Purchase price of gold crowns per 1 gram
The cost depends on where the items will be delivered. 850 standard in St. Petersburg is estimated at 1900-2200 rubles.
What to do with the crowbar?
It can not only be sold. Many owners who have accumulated a certain amount of scrap become buyers in jewelry stores. Retail outlets provide the opportunity to exchange old, damaged jewelry or scrap jewelry for new ones. Sometimes an additional payment is required.
The assessment is made without taking into account the presence of stones.
Some people turn to melters. You will have to pay from 500 to 1000 rubles for the service. The process takes a long time. Sometimes a month or even more passes. The price factor is influenced by conditions such as:
- the complexity of a jewelry masterpiece;
- sample (amount of impurities);
- weight according to the result.
Workshops can increase the percentage and weight of the final product by adding pure Aurum to the alloy. You must pay extra for the service.
A suitable option is to take advantage of pawnshop offers. They will also accept scrap here. If you need a new product, you can get acquainted with the offered assortment and, if necessary, make an additional payment or choose jewelry in a jewelry store.
Where to sell gold is more expensive and profitable
It depends on the type of gold, its condition, the timing available to the seller, and the final result. Although all organizations are assessed using almost the same criteria, the cost varies significantly.
Banks will offer the highest price provided you have bullion or coins. It's best to go to where you purchased them. Elsewhere they may refuse.
Any type will be accepted for purchase, but the conditions often do not suit the sellers.
Private individuals will only take exclusive, rare samples that are of interest to collectors.
Owners of gold watches turn to buyers depending on what format they are. Pocket species that have historical and collectible value can be sold at a profit to collectors or you can try to sell them through auction sites.
Wristwatches are most often handed over to loan offices or put up for auction. Collectors of rarities will be happy to purchase premium options. They are produced in limited editions; such copies are valuable for a certain category of people.
The most profitable and fastest way is to take Aurum to a pawnshop. The seller immediately receives the money, no quality certificates are needed, the item can be of either high or low quality.
Pawnshops
Where to donate gold? The first thing that comes to mind is a pawnshop. The advantage of this type of return is that you can return your jewelry if you wish. That is, pawn them for a while, and then pay at the pawnshop every day you use the money. In a difficult life situation, when you urgently need to borrow cash for a short time, such a scheme can be a great help.
The disadvantage of a pawnshop is that they offer the lowest price. Sometimes the cost of 1 gram of 585 grade metals is less than 1000 rubles. In addition, not a single pawnshop evaluates the stones in the product and you can either take them out yourself or give away the entire piece of jewelry for the cost of one metal. If you ask the receiver to remove the stones, he will charge a certain amount for this procedure.
What do owners of precious metals need to know?
Holders of values must be guided by certain rules. Then it will be possible to sell the reserves safely and profitably. Remember:
Contact only reputable organizations. Do not sell jewelry by hand in passages, on the street, to random acquaintances. There is a high risk of running into scammers or receiving a small reward despite the rarity and exclusivity of the product.
Dental gold can be sold to pawn shops or purchases. Other institutions are not interested in it. Don't waste time and contact the address immediately. Although the rates are much lower, this is the only way to get rid of unnecessary crowns.
Collectors
It is much more profitable to sell gold to collectors and antique lovers. But the method will only work if there is something worth selling. For example, ancient gold coins, watches, jewelry inherited from a great-grandmother, figurines and other valuable rarities. Things made in the USSR are in good demand among collectors - they are interesting in themselves, plus they are made according to GOST, and with a high content of pure metal in the alloy.
So if a gold product has at least some history, then it makes sense to show it to antique dealers and collectors. They can also be found on the Internet, on various Internet sites, so even residents of the outback can profitably purchase goods. The price will depend on the cost of the metal, plus a premium for the product itself, plus artistic and historical value. But antique dealers and collectors are not interested in the remake.
Advantages of contacting Charoit
"Charoit" has a number of advantages over other institutions of this type. That is why those who want to act for their own benefit most often come here. Let's note the main advantages:
- The highest score in the city was recorded.
- There was a low interest rate under the loan agreement.
- Located in convenient places. They are easy to reach from anywhere in Penza.
- Bonuses and special programs are provided for regular customers.
- The safety of the pledged property is guaranteed. It is insured and stored in secure safes.
- For registration you only need a passport.
- Qualified employees will appreciate the deposit and offer favorable conditions.
The staff of the Charoit network use the principle of an individual approach to each client. Here you will be able to sell or pledge gold on favorable terms with the possibility of subsequent redemption. You no longer have to waste time searching for the right buyer. The safety and legality of concluded transactions is guaranteed. The applicants do not have any problems. The cash you receive will help you out in difficult moments in life.
