Selling a gold pocket watch can actually be a bit of an odd experience. This is because most people will make you an offer based on the gold, not the watch. This might sound obvious but there’s an important point – a buyer who only wants the gold will melt down the gold pocket watch and sell the gold as scrap. However, a buyer who can sell on the watch as a credible item in itself will be able to make you a far higher offer, as they see the value in the complete product.
This means that when you’re looking to sell a gold pocket watch, you may wish to look further than the standard cash-for-gold offers. Indeed, in order to sell a gold pocket watch, you need to do some research, starting with this article! We’ll tell you a little about gold pocket watches and their value, where to sell gold pocket watches and also how to sell gold pocket watches.
WHAT IS A GOLD POCKET WATCH?
The earliest reference to pocket watches was in a letter from November 1462 written by Italian clockmaker Bartholomew Manfredi to the Marchese di Mantova Federico Gonzaga where he offers him a ‘pocket clock’ better than that belonging to the Duke of Modena. Pocket watches were the most common form of timepiece from the 16th century until wristwatches became popular after World War I.
TYPES OF GOLD POCKET WATCH
Gold pocket watches are all of a similar form but there are a few elements that differentiate one from another which can also affect their age and therefore value. Selling gold pocket watches becomes easier if you know exactly what you are in possession of and there are essentially five types of pocket watch. Do you want to –
- Sell Open-Face Pocket Watch
- Sell Full-Hunter Pocket Watch
- Sell Half-Hunter Pocket Watch
- Sell Double Hunter Pocket Watch
- Sell Double Half Hunter Pocket Watch
In addition, at 62days you can –
- Sell Antique Gold Pocket Watch
- Sell Vintage Gold Pocket Watch
- Sell 9ct Gold Pocket Watch
- Sell 18ct Gold Pocket Watch
- Sell Ladies Pocket Watch
WHAT IS THE VALUE OF MY GOLD POCKET WATCH?
Here at 62days we have gold pocket watch experts ready to offer you a FREE appraisal and you are under no obligation to sell your gold pocket watch unless you are happy with the valuation.
MY OPTIONS TO SELL GOLD POCKET WATCH
Ask yourself ‘where can I sell a gold pocket watch’ and there are a number of different answers. Read through and you will have all the information you need to be able to sell your gold pocket watch for a fair and reasonable price.
Sell a Gold Pocket Watch Online
As discussed, many cash-for-gold buyers will make you an offer for a gold pocket watch. However, these offers may not maximise the value of your watch, though the plus side is that they usually offer a pretty quick and simple service. Most ask you to use the standard postal system to send in your watch so keep in mind whether any protection or insurance is offered against loss. Another popular way to sell a gold pocket watch online is to use a peer-to-peer auction service. Keep in mind that you may not maximise value this way, with people always looking for a bargain. Also remember to follow any security advice offered by the service and the police before selling gold to strangers.
Selling Gold Pocket Watches at Auction
Selling gold pocket watches at auction can, if there’s enough interest in the room on auction day, give you an excellent return but as you know, when the gavel comes down, the pocket watch is sold. Hunt around and you’ll find auction houses that specialise in timepieces and especially selling gold pocket watches but always make sure you know what their fees and commission structure is before you commit. You can set a reserve price but if the watch doesn’t sell, you’re going to have to find another way to sell your gold pocket watch.
Selling Gold Pocket Watches to a Dealer
Gold pocket watches are highly sought after by collectors and horologists (watch experts) and a dealer will value your pocket watch for you and may even offer to buy it from you. They are dealers remember, and will always look to buy your watch with an eye on a profit so you may well be able to get a higher prices if you shop around.
Selling Gold Pocket Watches to a Pawnbroker
Selling a gold pocket watch to a pawnbroker sounds like a plotline from Oliver Twist but if you want a quick sale for your gold pocket watch, this may be the right option. Many people use pawnbrokers to sell wedding rings or to sell jewellery and sell antiques. They will loan you an amount using the pocket watch as collateral and base their loan on the valuation of the watch. If you want the gold pocket watch back, you will have to pay back the loan amount plus a usually higher than average rate of interest.
WHY USE 62DAYS TO SELL MY GOLD POCKET WATCH?
We offer you a safe, reliable and secure way of selling a gold pocket watch–
- Selling a pocket watch with 62days is free, including valuations, FedEx collection and delivery and the item is insured and fully traceable during transit between you and us
- You have 62 days to cool off
- Upload up to five images of the gold pocket watch along with a short description and our in-house experts will get back to you with a valuation
- We can deposit the money into your bank account or we can pay via PayPal or Google Checkout
- Our pocket watch experts are experienced industry professionals and they understand the gold pocket watch market. So when you ask ‘where to sell gold pocket watch’, the answer is 62days!
WHAT TO KEEP IN MIND WHEN SELLING A GOLD POCKET WATCH
‘Where to sell a gold pocket watch’ is the most common question you’ll ask yourself (or Google) but it’s worth reiterating that you need to understand what you have and an estimate of its value. Talk to independent watch dealers and search the internet, starting at 62days, because there are a few things to bear in mind when selling a gold pocket watch –
Why do you want to sell your gold pocket watch? Selling a gold pocket watch is relatively straightforward if you need to realise capital but you may want to sell a vintage gold pocket watch or sell an antique gold pocket watch which could be worth a lot of money. All you need to do is take your time and don’t rush.
Remember, sentimental value is often a lot higher than true monetary value.
Also, if you have the watch’s documentation, receipt and Certificate of Authenticity, it can add to the value of your gold pocket watch.
WHAT TO DO NOW
Selling a gold pocket watch is easy with 62days. Upload your images and we will send you a fast and free quote!