In the world of trading precious items, it is crucial to be aware of who you are dealing with, as experts often advise. The stakes are high when it comes to valuable possessions, and a cautious approach can safeguard against potential pitfalls.

Take Loralie Bodle’s experience, for instance. With a box brimming with items she no longer wanted, Loralie decided to visit her local jeweller. Her curiosity had been piqued by the possibility of uncovering a small fortune hidden in her belongings.

“I was thinking maybe it’s time to go in and find out what it’s worth,” she reflected, driven by the potential of her collection.

Upon evaluation, the jeweller appraised her 143 grams of gold at an impressive $10,000. The outcome was a delightful surprise for Loralie.

“I really didn’t think that it was going to be that much,” she admitted, astonished by the unexpected value of her items.

The value of gold has doubled since 2023, causing a gold rush as customers bring their old rings, bracelets and watches into jewellers to find out if they’re worth anything.

“It can be broken, knotted, tangled. It can be in any kind of condition,”  Imperial Jewellery valuer Judi Hening said.

“We have even had people’s teeth.”

Specialist gold buyers have outlets nationwide, mostly with no appointments needed, with cash or bank transfers done in minutes.

“It’s had an extraordinary rise in 2025, really building on strength that we saw coming out of the pandemic,” ABC Bullion general manager Jordan Eliseo said.

Customers are always advised to compare offers before settling on a deal. 

“Making sure you’re dealing with a reputable, trustworthy company that has hopefully been in business for many years,” Eliseo said.

Professional companies rely on tools such as X-ray machines or acid testing to determine the carats of the gold. 

“Everything goes under the microscope to make sure it is what it looks like,” Henning said.

Jewellers also advise people to ensure they’re checking with family members before selling items that could potentially hold sentimental value.