Jewellery, coins and bars: what changes when you sell

Coins and bars are usually 999 gold, so the test is short and the weight is the weight. Jewellery is mixed with other metals and often carries stones, lac or thread, so more has to be measured before a figure is worked out. The rate for a gram of pure gold does not change with the shape of the piece. We are in Noida Extension (Greater Noida West), and pickups cover Delhi NCR.

Is selling a gold coin different from selling jewellery?

Yes, in what we measure. No, in the rate we start from.

A coin or bar is made to be gold and nothing else. It is usually 999, which means 999 parts in 1000 are pure gold. So there is very little to find out beyond confirming that it is what the stamp says.

A necklace, chain or bangle is a different object. Pure gold is too soft to wear every day, so jewellers mix in other metals. That is why you see 22 karat (916) on most family jewellery. Some pieces also carry clasps, hooks, beads or stones that are not gold at all.

So the question is not "which is worth more per gram". It is "how much of this object is gold, and how much of it can be counted". Both steps happen at the counter, in front of you.

What gets tested and weighed on a coin or bar?

Three things, in this order:

Purity. We test the piece on a karatmeter while you watch. The reading should match the number stamped on it. If it does not, you see that on the screen, and we discuss it before anything else happens.
Weight. The piece goes on the scale, and you read the number yourself.
The rate. Purity and weight are then set against the gold rate. For how that rate relates to the one in the news, read why the published rate is not your payout.

If you are searching for "24 karat near me" because you hold a coin or a bar, this is the whole process. Bring the piece, and the box or card if you still have it. The packaging helps you remember what you bought. A bar or coin that is clean and unmarked is still tested the same way.

One caution. A stamp on a coin is a claim, not a result. That is why we test even when the stamp says 999. The same applies to jewellery. See what a karat stamp does not tell you.

What is different when I sell jewellery?

Three more things come into play.

The alloy. A 22 karat piece is 916 parts gold in 1000. The rest is copper, silver or another metal that gives the piece strength. The karatmeter reads this mix. You are not paid for the other metals. You are paid for the gold in the piece. This is normal for every gold jewellery buyer, and it is not a deduction invented at the counter.

Parts that are not gold. Pendants with stones, lac-filled bangles, beaded chains, hooks, screw backs and threads all add weight to the scale that is not gold. We buy gold only. We do not buy stones, and we do not value them. If a piece has stones, they are not part of the transaction. Ask any buyer how they handle this before you hand over a stone-set piece. Our list of questions to ask any buyer covers it.

Uneven purity within one piece. A chain may be one purity, while a clasp or a soldered joint is another. We test more than one spot, and you can ask to see each reading. The method is in how a karatmeter reading is taken.

Does a coin get a better rate than jewellery?

Not because of the rate itself. Both start from the same gold rate for the purity that was measured. What differs is how much is left to measure.

With a coin, almost all the weight on the scale is gold, and the purity is simple. With jewellery, the weight on the scale includes other metals and sometimes other materials. The gold content is a smaller share of what you put on the scale.

That is the gap people notice, and it is easy to misread. If a coin and a necklace weigh the same on the scale, the coin holds more gold. That is arithmetic, and it is not a difference in treatment. We do not print figures for a piece here, because the amount for your gold depends on its tested purity and weight on the day. It is worked out at the counter, with the numbers in front of you.

Making charges are a separate point. They were what you paid a jeweller to shape the piece. A buyer of old gold values the gold in it, so they do not come back. If that surprises you, you are not the first to feel it. The post on why two shops quote different rates explains where the gaps between quotes come from.

Should I sell the coin or the jewellery first?

If you must sell only part of what you hold, here is a plain way to think about it.

Jewellery you still wear or want to keep for family: keep it. A coin or bar has no personal use, so it is the cleaner thing to sell.
Broken, single or unwanted pieces: these are already gold waiting to be used. See broken pieces and single earrings.
Inherited jewellery with feeling attached: take time. There is no deadline from our side. See selling jewellery you inherited.
Coins and bars bought as savings: if the need is cash, these are the simplest to sell, because the test and the weight leave little to argue about.

You are not obliged to sell everything you bring. If you would like to hear the numbers for each item before choosing, ask us to test and weigh them one at a time, and decide after.

What should I bring, and can you come to me?

Bring the gold, a photo ID, and any bill or box you still have. A bill is helpful but not required. Read selling gold when you do not have the original bill if you have lost it. The full list is in what to bring when you sell gold.

If you cannot travel, we can come to you. For a large coin or bar, or a whole box of jewellery, call or WhatsApp 9217742656 and tell us what you hold. That lets us say what the visit will involve, and whether it makes more sense to come to the shop. You will get an answer without any pressure to decide.

The locality page for Noida Extension has the address and directions. If you are looking for cash for gold in Greater Noida West, the process is the same one described here. If you prefer Hindi, the gold bechna hai page covers purana sona in plain words.

Questions people ask

Is 24 karat gold the same as 999? Yes, in everyday use. 24 karat means pure gold, and 999 means 999 parts in 1000 are gold. Coins and bars are usually sold this way.

Will a coin and a necklace of the same weight be treated the same? They start from the same gold rate for the purity measured. The coin usually holds more gold per gram on the scale, because jewellery is alloyed and may have parts that are not gold.

Can I ask about my coin or jewellery before coming in? Yes. Call or WhatsApp 9217742656 with what you hold and its stamp, and we will tell you what will be tested and weighed. The figure for your piece is only given after it is tested at the counter.

How the karatmeter reading is taken · Why the published rate is not your payout