Contrary to conventional financial markets, the price of gold has always tended to climb in times of economic concern. In two decades, it has thus multiplied by 4.7, while 2019 will be remembered with an increase of + 21.25% in euros.
At the end of the year, an ounce of gold, just over 31 grams, was worth around 1,358 euros. In such a favorable context, the activity of buying gold from individuals is on the rise.
What gold to mint?
Above all, it's about determining what you can sell. Start by gathering all the charms you intend to dispose of. It will then be necessary to go to have them appraised in a specialized brand. Because not all gold is created equal, it depends on their degree of purity expressed in carat. The jewelry is made of an alloy mixing yellow metal with silver and copper, in different proportions.
In jewelry, it is 18 carat gold that has the most value, followed by 14 and 9 carats, the latter being very poor in gold. At the time of resale, each will therefore be worth a different price. To distinguish them, the professional will first of all check which hallmark is affixed to your necklaces and bracelets: the eagle's head (18 carats), the shell (14 carats) and the clover (9 carats). If necessary, he will confirm his analysis by an acid test on a touchstone, since gold has the particular property of not corroding, unlike its imitations.
Who to turn to?
The sector includes many players. In addition to the jewelers and goldsmiths who have been practicing this activity for a long time, this market has led to the creation of a multitude of specialized outlets that own physical stores or offer their services on the Internet.
While the brands dedicated to the purchase of gold only set their price according to the weight of your jewelry, not without having deducted a percentage corresponding to the share of silver and copper present, jewelry stores can sometimes offer you more by taking takes into account the work of goldsmithing and the purity of any precious stones that adorn them.
Bet on competition
In order to protect consumers, the law requires professionals to display their prices in a precise manner, rather than being satisfied with a simple mention "at the gold price" or "at the current price". If most of the market players base their redemption prices on the value of an ounce at the time of sale, they have no obligation to match it. They always give themselves a small margin. In order not to be harmed, comparative quotes from several brands are essential.
Once the jewelry or specialized counter selected, the latter must establish a contract in due form. Each piece sold will be detailed there with its weight, its purity in thousandths and its sale price all taxes included. But while precious objects are subject to a tax of 11.5%, the resale of jewelry benefits from a special regime. Below 5,000 euros, there is nothing to pay. Beyond this amount, you can choose between a 6.5% tax or, if it is more favorable, the capital gain regime. In addition, you have a legal right of withdrawal of 48 hours from the signing of the contract to change your mind.
Economy
Good reflexes to face in the face of the vagaries of the stock market
Economy
Investment in bare ownership, a good plan in the social park
Advice before selling
- Get the facts right: consult the gold price on the Banque de France website and on specialized platforms.
- Make your own estimate: after checking the hallmarks, weigh your jewelry. Then multiply their weight by the price of the gram and then by 75% for 18 carat gold. Please note, the professional will also deduct his margin for the melting costs and commissions.
- Contact several brands: this is essential to obtain the best buy-back rate. Also attend the weighing to prevent it from being undervalued. And before sending your items to a specialized website, make sure of its credibility (Siret number, search for reviews, etc.) and that prices are displayed clearly.
- Jewelry
- Taxation
- Sale
- Money