sell tiffany and co designer jewellery

Know the Designer Brands Before You Sell Your Jewellery

Are you thinking about selling your high-end jewellery? There are a wide variety of reason why you may want to part with your precious items. Maybe you no longer wear them. Maybe they were passed down and you would like some extra money. Or maybe you simply want to make more space in your home.

Whatever the reason, make sure to bring your jewellery to a reliable buyer. But before you do, it is always a good idea to know where your jewellery came from. After all, luxury designer brands will fetch you a higher return—especially if you still have the original boxes and papers.

Not sure you own luxury jewellery? Here is a rundown and some history of some of the more common high-end designer brands.

Selling your Tiffany & Co jewellery

sell tiffany and co designer jewellery

Founded in 1837, Tiffany and Co. originally dealt in stationery and luxury household goods. It was only several years later in1853, that they began to focus on jewellery. For well over a decade, they would sell jewellery imported from overseas and were, in fact, one of the first jewellers to import diamonds to America, allowing for luxury jewellery to be purchased locally. Starting in 1868, Tiffany began designing and manufacturing their own creations. Tiffany’s also introduced consumers to a variety of new coloured gemstones such as Morganite in 1910, Kunzite ten years later in 1920, and Tanzanite 1968. Tiffany is still going strong today, known as one of the world’s leading jewellery brands.

how much is my tiffany ring worth? where to sell Tiffany jewellery

Selling your Cartier jewellery

sell Cartier jewellery

Cartier was founded a decade after Tiffany in 1847, starting off as a seller of luxury goods. Based in Paris, Cartier soon found fame among the Royals of the world. This led King Edward VII to dub them “the jeweller of kings and the king of jewellers.” This nickname became official as they were granted the Royal Warrant of Appointment by Britain, Spain, Russia, Portugal, and the House of Orleans, officially recognizing them as providers of Royal jewellery. In 1904, Cartier was among the first makers of wristwatches, and more than a century later they are still known as a maker of luxury watches. In 2019, Cartier was recognized as the 64th most valuable brand in the world.

how to spot fake cartier jewellery cartier ring value how much is it worth

Selling your Birks jewellery

sell your old Birks jewellery

Birks Jewellery came into being in 1879. Founded in Montreal, Birks remained a Canadian-owned company until 1993, when it was sold. Although bought by an Italian-owned company, Birks maintains its headquarters in Canada. Granted the British Royal Warrant of Appointment in 1934, Birks today remains a preferred brand of British Royalty, and in recent years has been seen being worn by Meghan Markle at a number of royal events, including the announcement of her engagement to Prince Harry. The recipient of many awards in recognition of their design and quality, Birks was named the “Brand of the Year” in 2018 at the World Branding Awards.

how much is Birks ring worth how to sell Birks ring

Selling your Tacori jewellery

sell my Tacori jewellery

Tacori was founded by Roman Immigrants to California in 1979, where they still craft their jewellery to this day. A relative newcomer to the jewellery business, it has been recognized for both its craftsmanship and intricacy of design, with Indesign Magazine naming them among the “Top 5 Most Visible Brands in Jewellery.” With a focus on bridal and engagement jewellery, Tacori is known for their signature design: side-by-side crescents representing the top of a heart.

how much is my Tacori ring worth? Tacori ring value prices

Do you have designer jewellery from luxury brands you want to sell? At Canada Gold, we pride ourselves on our knowledge of the second-hand luxury market, providing the ultimate in customer service and best prices, guaranteed.

royal canadian mint gold coin

Does it matter what kind of gold or silver I buy?

Not sure where to put your hard-earned investment dollars? While stocks and bonds can fluctuate, precious metals usually tend to rise, making silver and gold smart investments. But with so many options out there, it can be confusing deciding which precious metal option is best for you. 

Bullion ranges from a 99.9% purity to 99.999% purity and are priced accordingly. The main difference between bullion is the size, shape, and mint. When it comes to buying bullion, it boils down to a personal preference. Some investors prefer coins while others prefer bars.

 

Bars, Coins, and Rounds

When a new investor thinks about bullion, they typically envision gold or silver bars; however, bullion comes in bars, coins, and rounds. 

Bars hold no face value or numismatic value. They are purely worthy their weight in gold or silver. Bars typically have no dates, and instead often have serial numbers. However, mints rarely track where the bars are sold. Gold bars can be found in 99.9% or 99.99% purity. Most silver bars are .999 purity but can occasionally be found in .9999 purity.

Coins typically carry a higher premium than bars, but also hold a higher resale value. Coins have a face value (e.g. a gold maple has a $50 face value). Most coins have dates on them, which identifies the year it was minted, but also often attracts collectors who looking to buy bullion to represent birthdays or anniversaries. Most coins are .9999 pure, however some coins are only .999 pure. Only the Royal Canadian Mint provides an option for .99999 pure coins. 

Rounds have a similar look to coins, however, hold no face value or date. Most rounds, in both gold and silver are .999 pure. Rounds often have lower premiums than bars or coins, but also have a lower liquidity rate or resale value. 

 

Recognized vs Unrecognized 

A recognized mint is a popular mint that is identified by the bullion industry for its validity, purity, and desirability. Recognized mints tend to hold higher resale values and can be easier to liquidate. 

Popular Recognized Mints

 

Royal Canadian Mint:

Founded in 1908, the RCM (Royal Canadian Mint) is a government-backed producer of both bullion and legal tender. The RCM strives to lead the industry in terms of purity, creating the first .9999 pure gold coin in November of 1982. In 2005, the RCM accomplished its first .99999 gold maple, the purest gold coin in the world. In 2014, the RCM began adding DNA anti-counterfeiting technology to its gold maples, making them the most secure billion coins in the world. From special edition collector coins to standard bullion bars in both gold and silver, the Royal Canadian Mint offers something for everyone.

royal canadian mint maple leaf coins the purest in the world new royal canadian mint gold maple leaf coin royal canadian mint gold maple 1oz pure gold royal canadian mint gold coin royal canadian mint pure gold bar royal canadian mint silver maple leaf coin royal canadian mint silver bullion bar

Engelhard

Founded in 1902 in New Jersey, Engelhard is one of the world’s oldest metal manufacturers. However, they did not start producing bullion until the 1980s and ceased production in 1988. While still widely available, it is not known how many of these bars still exist, making them quite desirable to collectors. Engelhard created both poured and struck bars.

Engelhard 1 troy oz silver bar Engelhard one ounce gold bar 999 pure Engelhard struck silver bar Engelhard struck gold bar

Johnson Matthey: 

Founded in 2011 in Texas, USA, JM is a newer, yet highly sought-after mint. While the company itself sells a variety of mints, they mint their own bullion as well. Specializing in both struck and poured bars, JM bullion appeals to investors and collectors alike.

Johnson Matthey gold bar Johnson Matthey silver bar

Choosing which kind of gold or silver is up to you. At the end of the day, precious metal ownership is clearly a smart plan.

UK and British Silver Hallmarks – A Complete Guide

Understanding British hallmarks can be a tricky task. This article will hopefully put some of that confusion to rest. The first thing you need to know is that you will be looking at a series of five symbols if the piece was manufactured before 1999. If it was manufactured during or after 1999, it may only contain three symbols, with the inclusion of the other two being optional.

What the symbols are and what they mean:

1. The silver standard mark.

This mark indicates the item’s silver content. Without one of these marks, the item is most likely plated. There are 13 potential purity markings, depending on the purity as well as the city of origin.

sterling silver place hallmarks

*It is possible for the item to be stamped with just a number to indicate its purity (e.g. 800,900,925).

The Lion hallmark is the most common silver stamp. Here are some variations:

lion hallmark veriations – pic

2. City Marks.

This mark is exactly what it says, as it states the city in which the item was manufactured. There are far too many to list here, but some common symbols include:
• The Leopards Head- London, England
• The Crown- Sheffield, England
• The Anchor- Birmingham, England

uk city hallmarks on silver

 

3. Duty Marks.

In 1784 the duty mark was created to indicate that a tax on the item had been paid to the crown. The mark used was a profile portrait of the reigning monarch’s head. This is one of the marks that is no longer mandatory as it was abolished in 1890.

duty marks

4. Date Letters.

The date letter is a letter that will indicate when the item was manufactured and assayed. This letter system was created all the way back in 1470. For example, the date letter for our current year 2020 is a lowercase v.

silver hallmark date letters

5. Makers Mark.

The maker’s mark is akin to the manufacturer’s signature, giving credit to their work. It is two initials to signify who made the product. This mark was instituted in 1363. Its purpose was to prevent forgery.

The images below show examples of what the 5 marks look like sequentially on a piece of flatware:

makers mark on silver

From Left to Right (1927, Dublin, Brittania Standard Silver 95.8%, London)

uk cities silver hallmarks

From Left to Right (London, Sheffield, 1942, England Sterling Silver)

If you’re considering buying silver made in the UK, you want to be sure you’re getting the real deal. After all, you don’t want to be spending money on anything less than authentic. With the above handy tips, you’ll be able to properly identify the hallmarks on British silver pieces.

home test for gold - how to tell if your gold is real or fake

Home Tests For Gold – How to Tell If Gold Is Real or Fake 

Many of us have seen old movies and TV shows where a character tries to determine whether a coin is gold by biting it. While there may actually have been a time when this was a useful means of testing gold, it is probably not something that you would want to try today, whether you are in a thrift shop looking to make a purchase or checking out jewellery at home. So how do you know if gold is real or fake?

Read more

how to calculate the value of your old gold jewellery

Math Of Gold – How To Calculate The Value Of Your Gold

Does the price of gold have you tempted to sell your unwanted jewellery? Before you part with your gold pieces, it may well benefit you to know the karat weight. But density, gold-plated jewellery, and pennyweight measurements can cause confusion, leading to improper karat rating for purity. What does all this mean, you ask? Don’t worry about frightening flashbacks of math class. We are going to answer how to figure out the pure gold content in any karat weight. 

What Is A Troy Ounce?

A Troy ounce is a unit of weight used for precious metals, such as gold, silver, platinum, and palladium. One Troy ounce is equal to 31.103g. A Troy ounce should not be confused with a regular “Avoirdupois” ounce, which is 28.35g. And, further complicating the definition of “an ounce,” a US fluid ounce has a volume of 29.57mL, while an imperial fluid ounce has a volume of 28.41mL.

one ounce gold coin - what is a troy ounce
A one troy ounce gold coin being weighed

 

What Is a Karatage of Gold?

Karatage is a measure of the gold’s purity (in percent) or fineness (in parts per thousand), with pure gold defined as “24 karat.” Karatage is not used to describe the purity of silver or any other precious metals. The purity of gold can be calculated by dividing the karat number by 24, as in the table below. Note that this “karat” should be distinguished from the “Carat,” which is a measure of gemstone weight, equal to 0.2g). 

Karatage (k, or kt) Fineness (parts per thousand) Purity (percent)
24kt 999 99.9%
22kt 916 91.6%
18kt 750 75.0%
14kt 583 58.3%
10kt 416 41.6%
9kt 375 37.5%

how to work out what karat your gold jewelery is

Why Your Old Jewellery Is Worth More Today Than You Paid For It

Jewellery is often sold to a retail customer for far more than the value of its precious metals content. This markup, which often ranges from 2 to 10 times the precious metal value, pays for the cost of the jewellery manufacturer, wholesaler, retail store expenses, wages, and profit margin. When a piece of jewellery is recycled for its precious metals content, the recycler (such as Canada Gold) pays a percentage of the precious metals content. At Canada Gold, we pay from 80% (for pieces that are refined) to 110%+ (for pieces that can be reused). Over the past 20 years, gold prices have increased by more than 500%, from $250 in 2001 to $1500+ in 2020. As a result, the gold content of old jewellery is often worth more than what the customer initially paid at a retail jewellery store. 

how to make money from your old gold jewellery
A Gold Jewellery Recycler Melts Down Gold

 

What Is Gold Filled?

A piece of jewellery hallmarked “Gold Filled” contains a thick plating of gold, of the specified purity, surrounding a core of brass. Interestingly, a gold-filled piece actually contains gold on the outside, and it is filled with brass. By definition, a “14k G.F.” piece contains 95% brass, and a thick, durable plating of 14kg gold, making up 5% of the piece’s total weight.  Accordingly, since it contains 5% of its weight of 14kt gold, the piece contains 2.91% pure gold by weight. Antique Pocket watches from the US are often Gold Filled, and hence do not typically contain enough gold content to justify refining them.

A Gold Filled Pocket Watch
A Gold Filled Pocket Watch

 

What Is Rolled Gold (RG) or Rolled Gold Plate (RGP)

These are additional terms that describe a similar gold plating process as “Gold Filled,” and the math to calculate the purity is identical.  A piece hallmarked RG or RGP contains 95% base metal (e.g. brass or copper), with an outer layer of gold, typically of 14kt or 18kt purity. A piece hallmarked “1/20 18k RG,” for example, contains 3.75% pure gold by weight (not usually worth the expense of refining).

How Much Is My Gold Plated Jewellery Worth

A piece of jewellery that is gold plated contains a very thin coating of gold on the outside, applied with an electrical process.  Hence, this technique can also be called “electro-gold plated,” and these pieces carry a hallmark of GP or EGP. The gold plating is typically less than 1 micron in thickness (less than 1/1000th of a mm!). The plating is prone to rubbing off, and the piece contains less than a few cents worth of gold. 

How To Calculate Gold Density 

Gold is one of the densest metals, with a density of 19.32g per cubic cm.  This means that a volume of gold is 19.32 times heavier than the same volume of water. Lead, which anyone who has had a dental X-ray knows, is another very dense metal, with a density of 11.5g per cubic cm.  Amazingly, gold is 68% more dense than lead. An Apple iPhone 11 has a volume of 87 cubic cm and weighs 188g. A gold bar of the same size would be almost 9 times heavier (1,680g) and have a gold value well in excess of $100,000CAD at 2020 gold prices. 

What Is A Pennyweight

Pennyweight is a fairly antiquated measurement of weight. One pennyweight is equal to 1/20th of an ounce. So 1 pennyweight is equal to 1.56 grams.  Nowadays, the most common use of pennyweight seems to be unreputable gold buyers posting rates in pennyweight instead of grams to make prices appear higher. Definitely something to watch out for!

Understanding how to calculate the pure gold content in any karat weight will help you make the most informed decision possible when it comes time to selling your unused jewellery.

 

 

 

Is Gold Still A Good Investment?

Gold bars are one of the things people think of when they imagine wealth or treasure. Gold is known all over the world for its value and history, with wars having been fought and lives lost in its pursuit.

Today, gold remains valuable for a variety of reasons, with many investors still seeking it out. Just look at the 24-karat gold bar price in Canada to see how it is still prized. But is gold still a good investment today? Why are people putting their money into it?

Here are some reasons to continue to own gold today.

It Holds Its Value

Paper money had fluctuated considerably, as have other assets. Gold, however, has maintained its value through the ages. Some have passed gold down through their families for generations, whether as jewellery or in some other form.

Gold will not corrode, and it can easily be melted and reworked to give it new life in new forms. It is also beautiful.

A Hedge Against Inflation

Gold tends to rise in value with the increase in the cost of living. As such, it makes an excellent hedge against inflation. In years of high inflation, gold has increased dramatically in price while the stock market plummets. Gold is viewed as a good store of value. Because of this, when the local currency is struggling, people may turn to gold to protect their wealth.

Protection Against Deflation

Gold is also a means of protecting oneself against deflation. Although deflation—defined as business activity slowing, prices dropping, and extensive debt arising—has not been seen on a very large scale for the better part of a century, gold is considered good protection should it occur. During the Great Depression, for example, the purchasing power of gold grew tremendously, and so for many, gold became the best place to store their wealth.

Decreasing Supply

The supply of new gold has been in decline during the 2000’s, with a large portion of gold in today’s market coming from global central banks. As is often the case, diminishing supply leads to an increase in price. Gold can be expected to increase in value.

An Increase in Demand

Going hand-in-hand with a decrease in supply, there is an increase in demand. In many emerging market economies, gold plays an important part in the culture. India, for example, is one of the largest consumers of gold, where it is valued not only for jewellery, but several other uses as well. The highest global demand for gold occurs in October, which is the Indian wedding season. China has also been seeing a steady demand for gold.

Investors have been increasingly turning to gold as well, seeing it as a worthy class of investment.

These are just some of the reasons to consider gold as an investment. The price of 24-karat gold bars in Canada can be expected to rise, so choosing to invest now is an excellent means of preparing for the future.

When Is A Good Time to Sell Gold?

Virtually everyone who owns gold has wondered at one time or another if they should sell it. It may be out of need for quick cash or any number of other reasons. If you are considering selling your gold, you should be aware of your options. Your first step should be understanding what it is worth, and when is a good time to sell gold in Vancouver.

How Much is it Worth?

Gold has been used for thousands of years, whether as a means of trade or to store and protect your money. Its value has fluctuated however, making it difficult at times to know when the most opportune moment for selling has arrived.

The exact value of your gold can vary from day to day and even from hour to hour. The amount is based on several factors, including supply and demand, inflation, or deflation. The price is also impacted during times of economic uncertainty.

Is This the Right Time to Sell?

Owing to the number of factors affecting the price of gold, predicting its future value is extremely difficult. For that reason, when the question of when to sell gold is asked, the simplest answer that can be given is that you should sell it only when you are in need of the money it would bring you, or when you simply no longer want to keep it.

It is also possible that you might wish to sell your gold for another reason: keeping it may, in a sense, be costing you money. Consider the fact that you might be able to sell your gold and take the money you receive to invest in more lucrative investments.

In essence, while owning gold is a great way to protect your wealth, selling it may be worth considering if you wish to invest in something that you anticipate will offer a greater return or if you want to put the money to use in other ways. This may include anything from a long-overdue vacation to applying it toward a large purchase like a car.

Where Can You Sell Your Gold?

You will likely find no shortage of potential buyers for your gold, but you would do well to do a bit of research. You will want to deal with a buyer that has a good reputation and is known for their ethical and professional conduct.

At Canada Gold, we are accredited by the Better Business Bureau and take pride in our reputation as a trusted gold dealer. We take our position seriously and work hard to be worthy of your business. And with our 120% Best Price Guarantee, you can be sure that you will/ be receiving the most money possible for your gold.

When it’s time to sell gold in Vancouver, it’s time to visit Canada Gold.

Gold in CDN Dollars 2019

Why is the price of gold at record highs in Canadian Dollars?

In the past, the highest price of gold ever in Canadian Dollar terms was $1883.07 in mid-2001. Today (August 25th) it is around $2060 per ounce. (Check Today’s gold price here ) – above that long-standing that record high. So, why is the price of Gold at record highs against the Canadian Dollar? What is driving this trend?

1) A Relatively Low Canadian Dollar

One key factor is that the Canadian Dollar is somewhat on the weak side compared to historic averages. We are not near the historic lows of around 65 cents we saw from 1999-2003, but for most of the last year, the Canadian Dollar has been in the mid to low 70 cents to the US Dollar. far off the close to parity we saw from 2010 – 2014.

Canadian Dollar vs. US Dollar
Canadian Dollar vs. the US Dollar into 2019

The Canadian Dollar has historically been tied to the price of oil, and while crude prices have been climbing since mid-2017, from about $50 per barrel to pushing towards $70, the Canadian Dollar has not followed the increase yet. Part of this could be transportation constraints and a lack of demand from our main export target, the US.

Provincial Governments in Ontario and particularly British Columbia have also been implementing changes to cool what they see as over-heated real estate markets. Real Estate has played a strong part in these economies over the last few years, particularly in bringing in foreign capital. It remains to be seen how resilient these economies will be to factors such as vacancy and foreign buyers’ taxes.

So, a big part of this story is the relatively weak Canadian Dollar, and this pushed the price of gold higher in Canadian Dollars.

2) The price of gold has been rising.

Key drivers of the price of gold have historically been real interest rates, the US dollar, and risk aversion, or the need to hold gold as an investment as investors look for a commodity that will not lose value.

The US Dollar has also been seen as a good investment and is a major competitor to gold. It is often being impacted by trade and political uncertainty. Whether this uncertainty is more or less than historic averages is anyone’s guess.  One week Iran in seizing oil tankers, the next week either or both China or the US are imposing new tariffs on each other. There are always threats and opportunities with the US on the world stage that could impact the value of the US dollar and its attractiveness versus gold as an investment. Some will have staying power; some are just this week’s news.

One long term factor that is impacting the price of gold is the growing demand for gold jewelry China, India, and other populous, rapidly developing countries that are becoming more affluent. Jewelry is the largest source of demand for gold, and we increasingly have people in these very populous countries looking to gold as an investment. Long term, this could push gold prices.

Gold vs. the US Dollar
The price of Gold in US Dollars into 2019
Gold in CDN Dollars 2019
The Price of Gold in Canadian Dollars in 2019

 

US interest rates spent much of the beginning of this decade at historic lows, pushing up the demand for gold as investors looked for commodities with better returns. Since early 2016, US interest rates have been steadily climbing, and it remains to be seen where the “new normal” will land as strong US economic growth could be leading to upward pressure on interest rates, while the US Fed has signalled it may keep interest rates down.

The last time gold was above $1400 USD for more than a few days was in May 2013 when the Canadian Dollar was in the mid-90 cents to the US Dollar, and in fact, most of the time gold prices were high from 2010 to 2013, the Canadian Dollar was at, or just below parity with the US Dollar. This time, the Canadian Dollar is much lower against the US Dollar, and that has resulted in putting Gold at record highs, historically, in Canadian Dollar terms.

These are, as we see it, the main reasons why gold at record highs, all-time, against the Canadian Dollar.  It is likely an excellent time to take advantage of the opportunity to cash in on any gold jewelry, coins, or investments you may have. As always, it is hard to say what the future holds. Will higher oil prices and more access to world oil markets or a change in government bring Canada’s dollar back up and gold prices down compared to the Canadian Dollar? or will continued increases in demand from industry and consumers in growing economies and political uncertainty around the world continue to push gold prices up? No one knows for sure, but that is the challenge of being an investor.

Gold Buyers Canada

What Makes Us the Top Gold Buyers in Canada?

Got gold on your mind? Before you set out to sell your precious metal items, you’ll want to find a reliable dealer to get the biggest bang for your buck. From coast to coast, when it is time to sell your gold, read on to learn what makes us the top gold buyers in Canada.

Our convenient nation-wide locations

You lead a busy life. With so much on your to-do-list, you simply don’t have the time to waste searching for places to sell your gold. If you value your time as much as we value your business, choose a company that has established businesses across Canada.

Canada Gold is the largest network of neighbourhood Canadian gold buyers and sellers. To better serve you, we have 12 locations across the country, from British Columbia to Nova Scotia.

And if you live too far from any of our locations, we also provide a free and secure mail-in option for your convenience.

Our reputation

You wouldn’t sell your gold items to just any dealer, right? The best in the business are accredited, trustworthy, and transparent companies.

Here at Canada Gold, we take great pride in our reputation. Testing is done right before your eyes. We are also accredited through the Better Business Bureau, as well as the authorized DNA dealer for the Royal Canadian Mint.

Our prices

Selling your gold items is a great way to earn some extra money. So, when it comes to getting the best prices for your gold, don’t settle for less.

Why jump on the first offer from random gold buyers in Canada when you can make more with us? Our prices can’t be beat. If you receive a higher written offer from one of our competitors, we’ll beat it by 20% of the difference. We also pay cash on the spot!

Our accurate testing

Whether you are a first-time seller or an experienced gold trader, you’ll want to get your items properly appraised to yield the highest return.

Our expert appraisers have you covered. We use state-of-the art testing equipment to ensure 99.9% accuracy. When you want to know the true value of your gold items, bring them to Canada Gold.

There are many gold buyers in Canada. Don’t put your precious metal in the hands of an inexperienced business. At Canada Gold, we are committed to providing the highest level of customer service and best prices in the industry.

What We Pay For Gold

Customer Payouts

What We Pay

For Your Gold

Customer Payouts

What We Pay For Your Gold

Learn about

Selling your gold

We believe that having the right information and knowing what your gold is worth is the most important thing to know when deciding to sell your gold. Used and second-hand industries – from pawnshops to used car lots – have a bad reputation when offering a fair price for gold and we believe this comes from the imbalance of information between dealer and seller. The dealers often know much more about their product and it’s true value than their customer. This often results in the dealer using that knowledge to their advantage and offering the lowest price they can. If you go into a pawnshop you might expect to get a low offer and negotiate from there. So, if they initially offer you $100 and you settle on $150 you might be very happy at first… until you learn that they would have been willing to pay $300 if needed.

We want to be a different kind of business and earn your trust with transparency and honesty by always offering a fair price.
Here is how we aim to do that:

gold buyers stick image icon

We Share

We share our payout percentages here to make it easy for you to understand our margins and “what’s in it for us”

cash for gold exchange dollar green image icon for web design

Honest Pricing

We list our gold prices online for what we offer on all gold jewellery up to the minute basis so you are never surprised.

price of gold in Canada thumbs up icon image

No Pressure

There is absolutely no pressure to sell and no costs for testing to make it easy to shop around.

Learn about

Selling your gold

We believe that having the right information and knowing what your gold is worth is the most important thing to know when deciding to sell your gold. Used and second-hand industries – from pawnshops to used car lots – have a bad reputation when offering a fair price for gold and we believe this comes from the imbalance of information between dealer and seller. The dealers often know much more about their product and it’s true value than their customer. This often results in the dealer using that knowledge to their advantage and offering the lowest price they can. If you go into a pawnshop you might expect to get a low offer and negotiate from there. So, if they initially offer you $100 and you settle on $150 you might be very happy at first… until you learn that they would have been willing to pay $300 if needed. We want to be a different kind of business and earn your trust with transparency and honesty by always offering a fair price.

Here is how we’re different:

sell gold buyer stick figure image for web design

We Share

We share our payout percentages here to make it easy for you to understand our margins and “what’s in it for us”

cash for gold exchange dollar green image icon for web design

Honest Pricing

We list our gold prices online for what we offer on all gold jewellery up to the minute basis so you are never surprised.

price of gold in Canada thumbs up icon image

No Pressure

There is absolutely no pressure to sell and no costs for testing to make it easy to shop around.

Where Does the Money Go?

Our 2017 Gold Purchase Audit

As you can see, the payout to customers for their gold makes up for the largest amount. We pay a minimum of 80% on all scrap jewellery and much more for bullion, premium jewellery, and large amounts of gold. In 2017, our average payout for refined gold was 91% of the market rate of gold.

Gold Refining Audit

By percentage

vancouver gold buyer stat breakdown transparent image

Where Does the Money Go?

Where Does the Money Go?

As you can see, the payout to customers for their gold makes up for the largest amount. We pay a minimum of 80% on all scrap jewellery and much more for bullion, premium jewellery, and large amounts of gold. In 2017, our average payout for refined gold was 91% of the market rate of gold.

Gold Refining Audit

By percentage

vancouver gold buyer stat breakdown transparent image

Our business is based off volume and we help people cash out on millions of dollars of gold every year. We strive to keep our costs as low as possible while still offering the highest level of expertise and a safe place to sell valuables.

Other businesses that pay less often have much lower volumes and much higher costs per dollar of gold they bring in.

Timing

When is the right time to sell?

Our business is based off volume and we help people cash out on millions of dollars of gold every year. We strive to keep our costs as low as possible while still offering the highest level of expertise and a safe place to sell valuables.

Other businesses that pay less often have much lower volumes and much higher costs per dollar of gold they bring in.

Timing

When is the right time to sell?

Our prices are

based on

two factors:

buy gold Canada information image
gold buyer percentage payout image

Our prices are based on two factors:

buy gold Canada information image
gold buyer percentage payout image

Market Price

In terms of the market price for gold, as of early 2018, we are at about $1700/oz which is way above the long-term average and over 90% of the all-time high reached in 2012 of around $1800/oz. So, based on past gold prices, this is one of the best times to sell. Projecting forward is much harder and at any given moment you can find lots of varied opinions on whether gold prices and going to go up or down. We never try to time the market with our sales and refining, but we have lots of customers who keep a close eye on what’s happening with gold price to decide when to come in.

gold prices NYSE graph 2008- 2018

Money Talk

Our Payouts

When we opened for business, gold was around $600/oz (compared to around $1700/oz as of May 2018) and our prices started at 73% of spot price for scrap gold – which was significantly over the industry average of 40%-50% offered by most local and mail-in buyers. As we have grown, higher volumes and better testing have allowed us to raise our starting and minimum prices to 80% of the market value in our gold. In addition, we now pay much higher prices for premium items such as bullion, coins, jewellery with diamonds, brand name items, and large purchases. Factoring in all gold purchases, our average CASH FOR gold payout was 91% of spot price in 2017 – our highest payout percentage ever.

Do you pay the most?

A quick google search will find lots of articles like THIS ONE that show that most gold buyers across the industry pay between 30-60% of the market value for scrap gold. In Kiplinger.com’s post, one buyer even offered 9%! Canada Gold offers a minimum payment of 80% of the spot PRICE OF GOLD IN CANADA, and higher for bullion, premium items, and larger transactions. In many areas, our prices are the highest advertised price out there!

Obviously, the advertised price is not everything though, and what really matters is getting the highest actual offer for your gold. Differences in how the metal is tested (the composition of the gold, any subtractions for stones, etc), fees and minimums, and the occasional dishonest dealer – we recommend checking with the Better Business Bureau – make it much better to actually compare offers for your gold rather than just the listed prices (warning though – if the dealer does not list a price or won’t tell you over the phone what they pay they almost always offer very low rates). We are very confident that the offer you receive from us will be the highest, and if you do receive a higher offer we will beat that price by 120% of the difference.

Higher payouts lead to more business, more referrals, and more happy customers!

Market Price

In terms of the market price for gold, as of early 2018, we are at about $1700/oz which is way above the long-term average and over 90% of the all-time high reached in 2012 of around $1800/oz. So, based on past gold prices, this is one of the best times to sell. Projecting forward is much harder and at any given moment you can find lots of varied opinions on whether gold prices and going to go up or down. We never try to time the market with our sales and refining, but we have lots of customers who keep a close eye on what’s happening with gold price to decide when to come in.

gold prices NYSE graph 2008- 2018

Money Talk

Our Payouts

When we opened for business, gold was around $600/oz (compared to around $1700/oz as of May 2018) and our prices started at 73% of spot price for scrap gold – which was significantly over the industry average of 40%-50% offered by most local and mail-in buyers. As we have grown, higher volumes and better testing have allowed us to raise our starting and minimum prices to 80% of the market value in our gold. In addition, we now pay much higher prices for premium items such as bullion, coins, jewellery with diamonds, brand name items, and large purchases. Factoring in all gold purchases, our average CASH FOR gold payout was 91% of spot price in 2017 – our highest payout percentage ever.

Do you pay the most?

A quick google search will find lots of articles like THIS ONE that show that most gold buyers across the industry pay between 30-60% of the market value for scrap gold. In Kiplinger.com’s post, one buyer even offered 9%! Canada Gold offers a minimum payment of 80% of the spot PRICE OF GOLD IN CANADA, and higher for bullion, premium items, and larger transactions. In many areas, our prices are the highest advertised price out there!

Obviously, the advertised price is not everything though, and what really matters is getting the highest actual offer for your gold. Differences in how the metal is tested (the composition of the gold, any subtractions for stones, etc), fees and minimums, and the occasional dishonest dealer – we recommend checking with the Better Business Bureau – make it much better to actually compare offers for your gold rather than just the listed prices (warning though – if the dealer does not list a price or won’t tell you over the phone what they pay they almost always offer very low rates). We are very confident that the offer you receive from us will be the highest, and if you do receive a higher offer we will beat that price by 120% of the difference.

Higher payouts lead to more business, more referrals, and more happy customers!

“What to do with the (many) gold earrings where I only have one of a pair or broken pieces? With Christmas coming up, I thought I’d see if I could sell them for extra cash. After talking to friends of friends, Vancouver Gold seemed to be one of the more reputable places to take my small collection of odds and ends. The offices are clean, the staff are friendly, efficient and knowledgeable. They test and weigh the gold then calculate the cost. There is no obligation to accept their offer.”

-Yelp Review

“What to do with the (many) gold earrings where I only have one of a pair or broken pieces? With Christmas coming up, I thought I’d see if I could sell them for extra cash. After talking to friends of friends, Vancouver Gold seemed to be one of the more reputable places to take my small collection of odds and ends. The offices are clean, the staff are friendly, efficient and knowledgeable. They test and weigh the gold then calculate the cost. There is no obligation to accept their offer.”

-Yelp Review

Product Melting FAQs

While most of the gold we buy does get melted down, about 5% of the items we see do actually get polished, repaired and resold. By buying gold with the intent to resell, we are able to offer higher prices for these items. We also buy and resell diamonds and bullion. Here are some of the things we consider when determining if an item can be resold – and a premium price offered:

1) Are there any diamonds in the piece? We always pay a higher amount for items with diamonds.

2) Is the piece from a brand name like Tiffany or Cartier? Again, we always pay a premium for high-end brand name items.

3) Is there a resale market for this item? Items that are still in style and purchased in the last few years, antique jewellery, and staples (diamond studs, eternity bands) are the most likely to fit into this category.

4) How heavy is the item? While we pay a premium price for heavier jewellery, often this gold was purchased and popular when the market value of gold was much lower and the piece more affordable. Heavy jewellery (chains etc.) are usually melted downs. Smaller pieces with a high degree of craftsmanship and intricacy are more likely to be resold.

5) What kind of condition is the item in? While we do repair many pieces before reselling them, this does add to our cost. Some items move from the online store to the melting pot based on condition.

If you want to get a fair price for your gold, visit one CANADA GOLD’S LOCATIONS in Vancouver, Surrey, North Vancouver, Richmond, Hamilton, Ottawa, Calgary, Edmonton, Toronto, Ottawa, or Halifax, find one of our nearby locations here. Canada Gold is accredited with the Better Business Bureau and is an authorized DNA dealer for the Royal Canadian Mint.

*This breakdown is based on our gold purchases we refine in aggregate (so does not include items we resell like bullion or premium jewellery). Individual transactions range from payouts of 80% to 99.2% of market price. If broken out, smaller transactions would have a larger percentage of value going to wages and overhead and profit, while still returning 80% to the customer. Larger transactions paying over 91% would obviously be the opposite!

Product Melting FAQs 

While most of the gold we buy does get melted down, about 5% of the items we see do actually get polished, repaired and resold. By buying gold with the intent to resell, we are able to offer higher prices for these items. We also buy and resell diamonds and bullion. Here are some of the things we consider when determining if an item can be resold – and a premium price offered:

1) Are there any diamonds in the piece?
We always pay a higher amount for items with diamonds.

2) Is the piece from a brand name like Tiffany or Cartier?
Again, we always pay a premium for high-end brand name items.

3) Is there a resale market for this item?
Items that are still in style and purchased in the last few years, antique jewellery, and staples (diamond studs, eternity bands) are the most likely to fit into this category.

4) How heavy is the item?
While we pay a premium price for heavier jewellery, often this gold was purchased and popular when the market value of gold was much lower and the piece more affordable. Heavy jewellery (chains etc.) are usually melted downs. Smaller pieces with a high degree of craftsmanship and intricacy are more likely to be resold.

5) What kind of condition is the item in?
While we do repair many pieces before reselling them, this does add to our cost. Some items move from the online store to the melting pot based on condition.

If you want to get a fair price for your gold, visit one CANADA GOLD’S LOCATIONS in Vancouver, Surrey, North Vancouver, Richmond, Hamilton, Ottawa, Calgary, Edmonton, Toronto, Ottawa, or Halifax, find one of our nearby locations here. Canada Gold is accredited with the Better Business Bureau and is an authorized DNA dealer for the Royal Canadian Mint.

*This breakdown is based on our gold purchases we refine in aggregate (so does not include items we resell like bullion or premium jewellery). Individual transactions range from payouts of 80% to 99.2% of market price. If broken out, smaller transactions would have a larger percentage of value going to wages and overhead and profit, while still returning 80% to the customer. Larger transactions paying over 91% would obviously be the opposite!

Ready to sell your gold?

Choose from 12 locations across Canada with access to parking and transit.
We also offer a free secure mail-in option if you live far from a store.

Ready to sell your gold?

Choose from 12 locations across Canada with access to parking and transit.
We also offer a free secure mail-in option if you live far from a store.