Almost every Finnish jewellery box has gold that hasn't been worn in years: inherited pieces, an old engagement ring, single earrings, or broken gold chains. Gold like that doesn't do anything sitting in a drawer (aside from any rise in the gold price) — only once it's sold does it become money.
This guide walks through in practice how to turn your gold into cash: what counts, how the price is formed, and how quickly the money reaches your account.
Gold to cash: what counts?
A common misconception is that only intact, fashionable jewellery can be sold. In reality, we buy all kinds of gold-containing material, regardless of condition or original purpose.
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Jewellery (intact and broken)
Rings, necklaces, bracelets, earrings. Single earrings, broken chains and stoneless rings are all accepted completely normally too.
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Dental gold
Crowns, bridges and fillings often contain high-purity gold, and their value is a surprise to many.
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Coins and bars
Both old commemorative coins and inherited coins, as well as genuine investment coins and bars.
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Wristwatches
Gold-cased or solid gold watches, even without a working mechanism.
You don't need to clean, repair or sort anything beforehand. Gather all the items you're thinking of selling into the same shipment. Each gold item is analysed and priced separately.
How a gold item's value is calculated
A gold item's value doesn't depend on how it looks or who made it. Its value comes from three factors: weight, purity, and the current world market price.
Weight × purity × world market price = the item's value
For example, a 14K (585‰) gold ring weighing 5 grams contains 2.93 grams of pure gold. Multiplying that by the day's world market price gives the item's true value.
How to turn your gold into cash — step by step
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Send your gold in a security envelope
Order a free, insured postage pack, and send your gold in a security envelope.
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Laboratory analysis
Your gold is weighed to an accuracy of 0.01 grams, and its purity is measured with XRF or acid analysis.
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Receive your offer
The offer includes a breakdown for every item: weight, purity and calculated value.
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Accept and get paid
Accept the offer, and the money arrives in your account via SEPA transfer within 24–48 hours.
The whole process is described in more detail on our page How it works.
How quickly the money lands in your account
The whole journey from jewellery box to your account typically takes under a week:
- Shipping or pickup: 2–3 business days
- Laboratory analysis: the same day your gold arrives
- Payment to your account after acceptance: 24–48 hours
Tips for getting the best possible price for your gold
- Send everything at once. The service fee is charged once per shipment, so combining several smaller items into the same shipment pays off.
- Don't leave anything in the drawer out of uncertainty. Single earrings, stoneless rings and broken chains are all analysed and priced completely normally — read more in our article on selling broken gold jewellery.
- Don't clean or repair anything beforehand. It has no effect on the final price, since the value is based only on the gold's weight and purity.
In most cases the profit is also completely tax-free — read more about when tax is due on selling gold.