Gold is actually a universal world currency. Metal is valued in any country; you can always sell it and get cash in your hands, or keep it as an asset as a long-term investment. Gold is used to make jewelry and is used in the electrical and space industries. The stability of the national currency largely depends on the gold reserves.
Most people have gold in their home. Most often in the form of jewelry - chains, bracelets, pendants, pendants, earrings and other men's and women's trinkets. Some products are not used in any way for various reasons, for example, things are broken, have defects, are out of fashion or do not suit the style. Sometimes gold jewelry is not worn because it is associated with bad memories.
All this precious scrap should not lie dead weight. It can be sold or exchanged for new beautiful products. How and where to sell old gold? There are enough options, you just need to choose the most profitable one.
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.
Is it possible to donate gold without hallmarking?
Unsampled products can be taken to pawn shops and jewelry shops. There they will conduct an examination and establish a gold sample, assessing it by weight. The purchase of unsealed items is carried out in batches, the weight of which is determined by each institution independently.
You can watch the video to see how the percentage of aurum in products is checked without testing.
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.
Ownership of gold
Let's imagine that a man finds a gold nugget. It seems that the treasure is his and no one else’s. But this is only at first glance. Found treasures should be distributed in equal parts between the people who found them and those on whose land the treasure was found. The state owns most of the territory. However, if you accidentally find an ingot on your own property, it will be completely yours. You won't even have to pay taxes. Wouldn't that be a pretty nice bonus?
By the way, the definition of treasure is in Art. 233 of the Civil Code of the Russian Federation. It states that these are valuable items deliberately hidden in the ground or some structure. Moreover, their owner is usually unknown or has lost the right to use precious things.
The situation is different in cases where a thing has cultural or historical value. Of course, everything found must belong to the state. The finder will receive a reward. You can find out what it will be like for each specific case from lawyers.
The above rules do not apply to people who find jewelry while working. This category includes:
- builders;
- gas workers, etc.
Dreaming of finding some gold? Then you should know the following points:
- it is prohibited to destroy historical and cultural monuments and structures;
- excavations at archaeological sites are not carried out, for this there must be a special permit;
- black diggers are prosecuted by the law - Art. 243 of the Criminal Code of the Russian Federation, and what the punishment will be depends on the damage received by the structure.
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.
Where to sell gold is more expensive and profitable
It all depends on the time frame within which the jewelry needs to be sold, the ultimate goals of the owner, and the region. In order to sell metal at a high price, you should take the choice of organization seriously, since certain types of jewelry are valued individually in different establishments.
In bullion
Expert opinion
Lyudmila Pestereva
Our most experienced gold investor
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The correct decision would be to sell the products to the bank where they were purchased. The weighing procedure takes place with the buyer, who can control the accuracy of determining the mass of the product (the discrepancy should not exceed 0.01 g).
Before selling, you should familiarize yourself with the rules established in the selected institution regarding the condition of the product.
In the form of jewelry
Earrings without a pair, deformed chains, broken rings and other unnecessary gold items can be taken to a pawnshop, jeweler or melted down.
Items of artistic and collectible value can be sold through auctions or sold to a private person.
Gold watch
Gold watches are expensive, they can be divided into several groups:
- Copyright. They have a unique design and are best sold to collectors.
- Pocket. If small mechanisms do not have historical value, then you can take them to a pawnshop, put them up at auction, or use the services of consignment stores.
- Wrist. The most common. Sell it to a pawn shop, consignment store or put it up for auction.
- Rewards. They are produced in limited editions, so it is more profitable to sell to collectors.
In the form of scrap
Expert opinion
Vsevolod Kozlovsky
6 years in jewelry making. Knows everything about samples and can identify a fake in 12 seconds
Almost any precious item can be sold as scrap. Jewelers accept deformed jewelry, scratched, unmarked, even small fragments - gold is suitable for scrap in any condition.
There are several structures on the scrap buying market that accept precious items from the population on attractive terms:
- jewelry factories and factories;
- pawnshop;
- purchase points.
Golden coins
Gold coins, like wine, must be aged for years to return at a profit. Banks purchase items at a cost three times less than they sell, and collectors only charge high prices for items that have value.
You can use the services of an auction, but there is a risk of receiving a smaller amount than the owner expects.
Dental gold, crowns
You can donate your gold teeth to a pawnshop that specializes in purchasing such items. Prices are market prices and depend on the exchange rate for the 850 standard precious metal.
Before returning your gold items, you need to make inquiries and read reviews. Even in large cities of Russia, for example in St. Petersburg, prices in different establishments will differ.
In the form of antiques and other items of historical or artistic value
Antique items are items that have historical or artistic value and must be more than 50 years old (items that are 300 years old are considered antique).
To determine the value of such products, it is necessary that the person buying it has sufficient knowledge of the culture, social customs and fashion of the relevant era. It is worth selling such jewelry to collectors.
Purchase of precious metals and currency exchange offices
Where is the best place to donate gold? If you need to quickly and profitably sell gold jewelry that has no historical or artistic value, then you should go to the purchase of precious metals. They usually offer good conditions, and the cost of one gram of 585 gold starts from 1200-1300 rubles. If you monitor offers, you can find a more profitable rate.
Currency exchange offices can also be the answer to the question of where to donate gold. Not all exchangers provide this type of service. But in some you can sell scrap jewelry at a relatively favorable rate.
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 do they put the gold from the pawnshop?
First of all, they sell unredeemed jewelry in the State Treasury of the National Bank and the State Repository of Precious Metals and Precious Stones of the Ministry of Finance. Only then are they handed over to processors and industrial institutions.
According to OKVED, these organizations do not have the right to sell jewelry, but they circumvent this law by opening related enterprises that process and repair gold items. Therefore, you can find used items for sale on the shelves of many offices.
Panned gold
People often ask about where to take the panned gold? The fact is that gold mining by individuals was prohibited in Russia for a long time. Today, according to the latest version of the bill “On Subsoil” of 2021, it is permitted, but with a number of conditions: a license is required, an area of a certain size is rented, blasting operations cannot be carried out and digging deeper than 5 meters is prohibited. All mined gold is handed over only to the state, and you cannot keep a stock of metal worth more than 1 million rubles.
Failure to comply with this law results in real criminal punishment, approximately the same severity as for selling drugs. That is, for trying to hand over panned gold in the form of nuggets, you can get about 5 years in prison. The buyer who bought the precious metal in this form will also be punished.
That is why pawnbrokers and pawnshops willingly buy gold jewelry, but will never accept washed-up sand and nuggets. They are also prohibited from accepting dental prosthetics, technical gold parts, and weapons decorated with precious metals.
Where do treasures go?
So, where to take the found valuables? If a gold nugget is found not on one’s own territory, then the law is inexorable: what is found will have to be given away for the good of the country. However, you will not receive immediate compensation for the find. Do you like to stand in lines and sign dozens of others to get one paper? And what awaits you:
- verification of documents;
- whether an expert assessment has been made, etc.
Many have heard of cases where treasure hunters received their money only after a couple of years. How to proceed? The solution is simple - you need to go to lawyers.
What happens if you don't turn over the jewelry you find to the state? Yes, there is no criminal liability for this. But the law does not apply to treasure that is of cultural or archaeological value. If you don't know what to do with it, just give it to the state. Further actions will already be explained to you.
Finding various ancient treasures is very difficult. It all depends on what technological equipment you have. Plus, a little luck doesn't hurt. It’s better to hand everything over to the state at once to avoid any troubles.
Useful tips
- When selling gold, you need a passport.
- You can sell precious metals from the age of 18.
- You should not contact resellers on the street. They almost always use gray schemes, artificially lower the price, can deceive with weight and fineness, or pay the buyer with counterfeit bills.
- You always need to remove stones from jewelry, since there are practically no salons or pawn shops that undertake the evaluation of stones. If you manage to find it, then you should remember that the service is paid.
- In order to find the best deal, you need to contact several points. Perhaps a pawn shop will be able to offer a better price, rather than a thrift shop or jewelry store.
