Your main options
Most people in South Africa sell gold to one of these:
- Pawn shops: fast, but offers are usually low because they need room to resell.
- Jewellers: some buy scrap gold, but many only offer a trade in on new pieces.
- Online buyers: you post your items and wait for a price, which means sending gold away.
- Private gold buyers like WM Gold Exchange: we test your items in front of you and pay on the spot.
What makes a fair offer
A fair offer is based on the weight of your gold, its purity (9ct, 14ct, 18ct, 22ct) and the gold price on the day. Coins, branded watches and good stones can be worth more than their gold weight.
Ask the buyer to weigh and test your items where you can see them. If they will not explain how they got to their number, go somewhere else.
What to bring
Dealers in second hand goods in South Africa must record who they buy from, so bring your ID. Any boxes, papers or certificates you have for watches, coins or diamonds can help with the value.
Common questions
Is it safe to sell gold to a private buyer?
Yes, if the buyer tests your gold in front of you, explains the offer and pays immediately. WM Gold Exchange meets you at home or in a safe public place.
Do I need to sell everything at once?
No. You can get a free valuation and decide what to sell. There is no obligation.