We are Buying Gold in Mawson Lakes
If you’re in Mawson Lakes or nearby suburbs like Parafield Gardens and have come across old broken gold jewelry, you’re probably wondering what to do with it. One choice is to sell it, and with even 9 carat gold selling for $40 plus per gram this can be quite lucrative. If you want to sell your old gold, head to The Purple Penny in Mawson Lakes. We pay top rates for all types of gold, we’re transparent about our buying process, and our over 200 five-star reviews show that we are honest and trustworthy. See Our Reviews on Google (4.7 stars from 252 reviews)
If you’re looking to sell scrap gold, broken gold rings, gold bullion, or gold coins, here are some things to keep in mind:
- Avoid selling your gold to a buyer who asks, “What do you want for your gold?” Dishonest buyers rely on people not knowing the true value of gold. If you offer it for far less than its worth, they’ll happily buy it and leave you with less money in your pocket.
- A trustworthy gold buyer should happily tell you the price per gram they pay for gold of different fineness, whether face-to-face or over the phone.
- Choose a gold buyer with a strong reputation. Do they have a storefront or an online presence? Check their recent Google reviews and look at their social media to see what people are saying about them. Think carefully before inviting them to your home, meeting them on the street, or selling via social media marketplaces.
- If your jewelry has stones like diamonds, take it to a jewelry shop for evaluation in case the stones are worth more than the gold itself.
- Some gold buyers may charge a small fee to assess your gold’s value, trying to prevent you from shopping around for the best rate. It’s up to you whether you want to pay these fees, and sometimes they’ll refund the fee if they purchase your gold.
- A good gold buyer should be able to non-destructively test your gold. The best method for this is an XRF machine. Always ask how they will test your gold and ask to see the test results!
- Ensure the gold buyer explains each step of their process. They should be experts, sorting your gold by carat, weighing it, and paying you based on the daily gold price minus a margin. When they sort the gold, ask what carat each group is, ask to see their test results, and check the scales while they weigh it. Some dishonest buyers may try to mislabel high carat gold, like 18 carat, as 9 carat, or even claim your 30 grams of gold is only 20 grams.
- Expect to be paid in cash for smaller amounts of gold. For larger amounts, the buyer may pay by cheque or bank deposit.
- Be prepared to present a photo ID when selling your gold. In South Australia, gold buyers must record your details or take a copy of your ID for their records.
The Purple Penny has been buying scrap gold and broken jewelry in Mawson Lakes for years, working with hundreds of satisfied customers. If you have old rings, necklaces, chains, gold watches, gold nuggets, or any precious metals, call us on 0422 977 753 or drop by our Mawson Lakes shop when we are open. We’ll evaluate your items, explain what we’re looking at, and tell you what we’ll pay, no charge and no obligation!
We source all our gold prices live from Kitco’s live Australian Gold Price.