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How it works
Q: How is payment of my items determined?
A: Payment is based on gold content (karat), weight when you sell gold to us.
Q: I paid R12 000 for my ring. I should expect to get R12 000 from Pot of Gold, right?
A: Retail stores mark up jewelry 5, 10 and even 20 times or more. Pot of GOld pays for the “melt value” of your jewelry – that is, the value of the gold itself once it has been melted down and sent to the refinery.
Q: There is a stamp on my ring indicating “18K.” Is this reliable?
A: Unfortunately, not always. Although most countries require manufacturers to stamp the gold content of their jewelry, very few countries enforce these laws or require an independent third party to evaluate the item. The stamp on your jewelry may be correct, but it is quite common to receive jewelry that is fraudulently stamped. Our trained professionals will test each piece before the deal is concluded.
Q: What testing methods are used to determine purity of gold?
A: Upon receiving your gold, POT OF GOLD testers will first look for a stamp on the jewelry made by the manufacturer indicating the karat. Testers then have three testing methods (acid/scratch test, electronic tester and or X-ray fluorescence scan) to verify the gold purity of your items.
Q: What if My Old Jewelry I want to Sell is Broken?
A: Selling gold jewelry is an effective means of getting some needed extra cash. However, the state of your jewelry need not necessarily impact the value of the gold of which the jewelry is made of.
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