Many of us have inherited gold coins, old gold watches, or twentieth-century jewellery from deceased estates. We store these items with bric-a-brac in a jewellery box that is locked away and looked at occasionally. All gold has a value, even a knotted 18k gold chain, a gold watch that no longer works, or a jumble of old coins. These items are worth money, especially at today’s gold price. In times of economic hardship, these items are worth selling.
It is easy to get cash for gold by visiting your local gold buyer. Delve into that jewellery box and convert their value into instant cash. Most gold dealers will test your items at no cost and give you information on their purity and weight in grams. They will then give you a price for your collection based on the current gold or silver price.
People who have found gold treasure.
There are several unbelievable stories of people who have found gold bars, gold coins, or luxury items. In May 2018, a stash of seven gold bars worth $400 000 was found by a cleaning employee in a rubbish bin at Incheon International Airport in South Korea. South Korea have a policy that if no one claims an item within six months, it reverts to finders’ keepers. These gold bars were part of a gold smuggling syndicate, and so the finders keepers law did not apply.
In 2007, a family in east London were building a water feature in their garden. They dug up 80 US Double Eagle gold coins buried in a glass jar. These coins, worth over $130,000, were minted in the late 1800s in San Francisco. The original owners of these coins were a Jewish family who had buried their wealth, fearing a Nazi invasion during World War II.
An American couple found a pile of 1427 gold coins in 2013 buried under a tree in their garden. The coins were minted in the late 1800s and were worth $10 Million. In the United States, the descendants of the original treasure-owner rightfully inherit the treasure. If these descendants are lost, the finder can claim. This couple remained anonymous and sold most of their find online.
Do you need cash for your gold?
The economic shock of the Covid-19 pandemic over the past year has left many people unemployed, in debt, or feeling financially vulnerable. If you need cash for gold, we recommend that you do the following:
- Sort your gold items into piles according to their karat value.
- Weigh each pile in grams.
- Know what 24k gold is currently paying per ounce, gram, and pennyweight.
- Search the internet for sites that can calculate the paying price for different karats of scrap gold items.
- Take these items to a reputable dealer in your neighborhood or downtown.
- Understand that you will not receive the exact calculated amount for your gold.
- Be practical. A gold dealer is also in business to make a profit.
