Selling outright, pawning and consignment
| Arrangement | What happens | Ownership |
|---|---|---|
| Selling outright | You are paid the agreed amount and the transaction ends. | Transfers to the buyer |
| Pawning | You borrow against the item and pay interest to redeem it. | Stays yours, subject to the loan |
| Consignment or auction | The item is sold on your behalf, less fees, after a delay. | Stays yours until it sells |
Gold Up buys gold outright. There is no loan, no commission and no waiting for a piece to sell.
The phrase is not the offer
"Cash for gold" tells you the type of transaction, not its quality. A high advertised rate applied to an understated weight, or to a mixed lot valued at the lowest standard present, produces less than a modest rate applied properly. This is why the process questions matter more than the headline — see questions to ask a gold buyer.
What to check before accepting anything
- Hallmarks read and items grouped by standard, in front of you.
- Each standard weighed separately on visible, calibrated scales.
- A price stated per gram at each standard rather than one blended figure.
- A clear explanation of how the figure relates to the fine gold content.
- Your items back in the drawer, at no cost, if you decline.
Payment and records
Payment method and timing have not yet been published on this site, because Gold Up has not confirmed them. Ask when you make contact. What you should expect anywhere is identification being recorded and a receipt describing the items and the amount — normal practice in the second-hand and precious metals trade.
Where the money comes from
The value in your jewellery is its fine gold content: weight multiplied by fineness. Everything else — the style, the box it came in, what it cost new — is not part of a metal valuation. How much is my gold worth walks through the arithmetic.
