Everybody is still going eBay crazy, searching their homes for stuff to flog and hoping to make a little cash to cover the bills, or put towards their summer holiday.
You may have considered selling your unwanted gold jewellery on eBay, but before you do, we would like to show you how much more you could receive by selling your gold to Falkos.
On 13th July 2011, granny-g-attic sold 10.2g of 9ct scrap gold on eBay (listing id 260817001219). The listing closed at £124.01 and the seller kindly offered to offer free postage.
On the face of it, it would initially appear that granny-g-attic is getting a better deal selling their gold on eBay rather than going to Falkos. FalkosGold today are paying £11.10 per gram for 9ct scrap gold today, meaning that 10.2g * £11.10 = £113.22.
But is granny-g-attic really getting £124.01 for her scrap gold? See table below for a breakdown of what eBay and Paypal would deduct for listing, selling and taking payment for the item.
|Total Cash received||£100.39||£107.22|
|10.2g of 9ct Scrap Gold sale price on 13 Jul||£124.01||£113.22|
|Auction listing fees
(starting price of £30.00)
|Final selling price fee (10% of selling price)||£12.40||£0.00|
(3.4% of transaction + £0.20 GBP)
|Cost of Special Delivery Postage||£6.00||£6.00|
|Auction Listing Time||3-7 days||0 days|
|Time taken to receive cash in hand||> 5 working days||1 – 3 working days|
|Total time to get paid||Around 2 weeks||1 – 3 working days|
Not only would our granny have been better off selling her gold to FalkosGold, but she would have received cash in her hand 1.5 weeks sooner too.
If you know somebody about to put their gold on eBay, show them this post.
The UK’s ethical gold buyer