Selling Gold

Selling gold can be as risky as buying it. Thieves are attracted to gold and precious metal as flies to a honey jar, and selling gold by credit card or paypal carries a substantial risk of fraudulent charge backs. You should contact the vendor by telephone and ask her a few basic questions as a minimum precaution.

Gold shops will buy gold jewelry from you at the spot price of gold ie the price of the piece you bought less the design fee although some shops try to give you less. You generally get the best price by selling it to the shop you bought it from. If you exchange  you will be charged the design fee for the piece you bought. If you exchange it only a few days after you bought it, you will probably not be charged anything.

Selling the gold outside Thailand should be no problem. Selling it just as scrap, you will get back the spot price of gold at the very least. You could not do this with 14 or even 18 karat gold, where to extract the gold would probably cost more than the piece is worth. 

To find out how much your gold is worth use our precious metal calculator.

It is possible to sell gold on ebay. The problem with ebay is that their fees are so high. You have to pay an initial Insertion Fee and a Final Value Fee of 5.25%.  For some products this is not significant, but for gold jewelry, where the cost of the metal  makes up most of the price, it becomes an important factor. If you pay by Paypal there is an additional 2.9% you need to pay in order to fund your Paypal account.

The total costs of buying a piece on ebay and using paypal to pay for it, all of which must be born by the buyer in some way, can be calculated using this calculator.

You can sell gold on this site for free using the form below.

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