Spot on.... hang on to it!

I would never use one of those stalls, always go to a reputable dealer. I passed a stall near work and asked how much they would give for 22ct gold. They said £9 something a gram (I think). That's shocking! Check the current day's gold price on the net, then take off anything between 10% and 20% and that would be a fair price, and what a reputable dealer would give. After all, they do have their costs, to melt down, sort etc.

In effect one sells something in demand, gold, for something not as much in demand, cash.
People hoard gold just in case the worst happens.

so do you go to a jewler? I have been thinking about it for quite a while, not got a lot.. a neighbour went to one in the market to sell an old watch he got over £200. I have just few bits and pieces, including silver that was valued over 12 years back but people say that value is different as it was for insurance purposes.
I hav couple relly old bits jewlery that was my garndmothers who i loved dearly and am torn as to what to do. my son is not interested in any thing "memorablier" and his wife is some one i would not even discuss it with to be honest.
I have a grand daughter who is only 3 years old. I feel with her it might be lik her mother, look down on my stuff. so i end up thinking what would my grandmother say! she would say what ever makes you happy dear, so that does not really help me.. I could seriously do with the money though, thats for sure!! any advise? opionions?
Thanks for this thread to lady who started it, its been an eye opener and very helpful.

If the old jewellery is "nice" I would take it to a jeweller who buys 2nd hand items, and see if they are interested in buying it for resale. If it's really nice, then perhaps an auction would be better.

If it's just run of the mill items, I'd look up a local jeweller/dealer who says they buy scrap gold, and see what they have to offer. If you are selling just for scrap, they don't seem to take too much notice of the stones as far as value is concerned. I reckon they think thats a bonus to them! Do check the price of gold on the day though. As I said, if they offer you less than 20% of the day's price, they are taking advantage imo. Oh, and don't forget, different carats pay at different rates.

If you live around London then go to one in Hatton Garden as they offer the best prices I think.  These TV ones are very very variable.  Someone did a comparison a few weeks ago.

Okay, thanks Jenny and daniel, couple pieces are nice i think, will go round few jewlers then check on line as well; quite exciting really! let you know how I get on. take me few weeks I expect.

I've got a couple of biscuits 

Just in case it goes tits up  

I've got a jewellery box full of gold that I dont wear, I've gone onto Silver and haven't worn any gold in years.Rings, watches, bangles, bracelets, earrings, necklaces!!


After reading this thread I dunno whether to sell or not??

for me, it was a stall on the local market, the bracelet was broke and i haven't worn it for years, maybe i could have got more for it else where, but i was so surprised by what i got for it, i was happy  and it paid my phone bill