Buying old gold over the counter is where a jeweller's money is most at risk. Every purchase here is weighed, tested, valued at the buy rate less your deductions, approved, and paid — with the seller's identity on file, a receipt, and the metal in stock by weight.
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No old gold is bought without the seller's ID document recorded. That rule is not a setting that can be switched off.
Gross weight, deductions for stones and dirt, the purity you measured and how — touchstone, XRF or fire assay — then the value at today's buy rate.
Purchases above your limit wait for a manager's approval before any money is paid.
What you buy goes into old gold stock by fine weight, ready to melt, refine or send to a supplier against a settlement.
Yes. On the sale screen the old gold is tested and valued at the buy rate, and its value comes off the new invoice — one receipt for both.
