pumpjack Posted October 24, 2018 Share Posted October 24, 2018 need sell 5 baht neckace back to shop in pattaya cost me 100,000 baht 3 weeks ago should i go back to shop mysef or maybe send a thai friend of mine in to resell. what could i expect to get back cheers Link to comment Share on other sites More sharing options...
robblok Posted October 24, 2018 Share Posted October 24, 2018 Talk about bad planning.. i expect you to lose quite a bit on it. I am no expert but there are 2 prices one for buying and one for selling. I think the rates are fixed. 1 Link to comment Share on other sites More sharing options...
Popular Post Vacuum Posted October 24, 2018 Popular Post Share Posted October 24, 2018 (edited) In theory, the difference between buy and sell, the price is 50 or 100 baht for one baht. Edited October 24, 2018 by Vacuum 6 Link to comment Share on other sites More sharing options...
robblok Posted October 24, 2018 Share Posted October 24, 2018 1 minute ago, Vacuum said: In theory, the difference between buy and sell, the price is 50 or 100 baht for one baht. If that is all.. then not much loss.. i expected it to be more. 1 Link to comment Share on other sites More sharing options...
Popular Post Snow Leopard Posted October 24, 2018 Popular Post Share Posted October 24, 2018 Please keep everyone posted on this. 2 1 Link to comment Share on other sites More sharing options...
Vacuum Posted October 24, 2018 Share Posted October 24, 2018 (edited) 6 minutes ago, robblok said: If that is all.. then not much loss.. i expected it to be more. Yes, but they'll always try the normal excuses; some 'nicks' here and there, it's been used, dirty etc. In short, they'll never pay the 'buy price' that they advertise. Edited October 24, 2018 by Vacuum 2 Link to comment Share on other sites More sharing options...
sanuk711 Posted October 24, 2018 Share Posted October 24, 2018 7 minutes ago, Vacuum said: In theory, the difference between buy and sell, the price is 50 or 100 baht for one baht. Sorry Vacuum that is a Bullion price you are quoting ---certainly not the same with jewelry. Work out how much bullion (Baht weight) there is then you will know the minimum you will get back---- then plus how much they will pay for craftsmanship. 2 Link to comment Share on other sites More sharing options...
Popular Post jvs Posted October 24, 2018 Popular Post Share Posted October 24, 2018 The price of gold is up slightly from a month ago. Fixed prices are shown in the shop,your jewelry if it still looks good maybe cleaned and resol as jewelry or just melted down. The difference between buy and sell is only 100baht as mentioned before. You can go by yourself ,no problem.If you do not get the normal price go to another gold shop. 3 Link to comment Share on other sites More sharing options...
janclaes47 Posted October 24, 2018 Share Posted October 24, 2018 21 minutes ago, robblok said: Talk about bad planning.. Did you read his other threads????? Try also Dirtycash, same guy, different username 1 Link to comment Share on other sites More sharing options...
Kwasaki Posted October 24, 2018 Share Posted October 24, 2018 (edited) I would go myself with receipt and a Thai person if poss to explain The loss if any, if gold is the same price as when you bought 100,000 there is a jewelry price and a bullion price, they will go jewelry price which is normally 100 baht per baht price less for buy back. They will examine it, clean it and weigh it and price accordingly. One of the gold shops my wife goes don't charge for time had. Edited October 24, 2018 by Kwasaki Link to comment Share on other sites More sharing options...
Popular Post CharlieH Posted October 24, 2018 Popular Post Share Posted October 24, 2018 In my experience the "jewellery" design aspect is added at sale price and deducted when exchanged or sold back. Around 1000- 1500 baht. Well, thats the story I got and of course being Thailand its going to vary ???? 3 1 Link to comment Share on other sites More sharing options...
Popular Post Kwasaki Posted October 24, 2018 Popular Post Share Posted October 24, 2018 2 hours ago, CharlieH said: In my experience the "jewellery" design aspect is added at sale price and deducted when exchanged or sold back. Around 1000- 1500 baht. Well, thats the story I got and of course being Thailand its going to vary ???? Its so true of Thailand we or I should say the Mrs been going to same shop for years, so lady owner is very fair so a one off like OP it could cost but 1000/1500 on 100,000 ain't gonna kill him. 2 1 Link to comment Share on other sites More sharing options...
expat1010 Posted October 24, 2018 Share Posted October 24, 2018 You might do okay the price of gold is up in the past few weeksTake a Thai friend if you trust themChinatown in BKK would be the best spot to sell IMHOSent from my iPhone using Thaivisa Connect Link to comment Share on other sites More sharing options...
kwonitoy Posted October 24, 2018 Share Posted October 24, 2018 I've sold 5 baht at a random gold store in Udon Thani mall. Didn't have to show any ID, I didn't buy it from that shop. They take the gold put it on the scale, it had lost a couple grams from being worn for years, check selling price, calculate the amount and cash in hand. No problem 2 Link to comment Share on other sites More sharing options...
catman20 Posted October 25, 2018 Share Posted October 25, 2018 need sell 5 baht neckace back to shop in pattaya cost me 100,000 baht 3 weeks ago should i go back to shop mysef or maybe send a thai friend of mine in to resell. what could i expect to get back cheers not the girlfriend 1 Link to comment Share on other sites More sharing options...
OneMoreFarang Posted October 25, 2018 Share Posted October 25, 2018 When you buy a gold necklace: Total price = gold sell price + "design" (in my experience a couple of hundred baht) When you sell it: Total price = gold buy price (at that moment), you won't get the "design" part back. 2 Link to comment Share on other sites More sharing options...
Popular Post smccolley Posted October 25, 2018 Popular Post Share Posted October 25, 2018 Here is todays buy/sell price. On gold bars you lose 100 baht, on jewelry you lose 900-1000 baht... 3 Link to comment Share on other sites More sharing options...
JAS21 Posted October 25, 2018 Share Posted October 25, 2018 (edited) Wow PJ ... this is a bit more up-market topic than asking how much it would cost to drive to Hau Hin ... just keep the gold for the next one you pump ... Edited October 25, 2018 by JAS21 1 Link to comment Share on other sites More sharing options...
Laza 45 Posted October 25, 2018 Share Posted October 25, 2018 22 hours ago, Vacuum said: Yes, but they'll always try the normal excuses; some 'nicks' here and there, it's been used, dirty etc. In short, they'll never pay the 'buy price' that they advertise. My wife often sells back and upgrades her gold.. they always weigh it and pay the price.. never had them haggle.. but that is just our experience.. 1 Link to comment Share on other sites More sharing options...
Vacuum Posted October 25, 2018 Share Posted October 25, 2018 5 minutes ago, Laza 45 said: My wife often sells back and upgrades her gold You're a lucky guy, the norm is that they pawn it. 1 1 Link to comment Share on other sites More sharing options...
Cereal Posted October 25, 2018 Share Posted October 25, 2018 I'd expect a 10% loss. I'd also expect to have a better plan for contingencies in the future. 1 Link to comment Share on other sites More sharing options...
Henryford Posted October 25, 2018 Share Posted October 25, 2018 The thai girls sell it all the time. The farang buys it for them and as soon as he goes home they are down the shop selling it. 2 Link to comment Share on other sites More sharing options...
Dazinoz Posted October 25, 2018 Share Posted October 25, 2018 (edited) The latest price for gold ornaments (jewellery) is 18707/baht weight so 5 baht will get 93535 less commission charged by the shops which sometimes can be negotiated. So Cereal would be close to the mark on a 10% loss. With the stock markets crashing I would wait a bit longer as gold is heading up. Edited October 25, 2018 by Dazinoz Link to comment Share on other sites More sharing options...
Dazinoz Posted October 25, 2018 Share Posted October 25, 2018 23 hours ago, Vacuum said: In theory, the difference between buy and sell, the price is 50 or 100 baht for one baht. Thats for bars not jewellery. It is 100 baht for bars and nearly 1000 for jewellery plus commission. Link to comment Share on other sites More sharing options...
Dazinoz Posted October 25, 2018 Share Posted October 25, 2018 22 hours ago, jvs said: The price of gold is up slightly from a month ago. Fixed prices are shown in the shop,your jewelry if it still looks good maybe cleaned and resol as jewelry or just melted down. The difference between buy and sell is only 100baht as mentioned before. You can go by yourself ,no problem.If you do not get the normal price go to another gold shop. 100 baht difference only applies to bullion (bars), jewellery is nearly 1000 difference. See pic. First price is for bullion or bars and second is for jewellery. 1 Link to comment Share on other sites More sharing options...
Cricky Posted October 25, 2018 Share Posted October 25, 2018 On 10/24/2018 at 9:57 AM, pumpjack said: send a thai friend of mine in to resell Rule #1 - do not trust others with your Gold (valuables/money etc) 1 Link to comment Share on other sites More sharing options...
natway09 Posted October 25, 2018 Share Posted October 25, 2018 The above comments are correct. You should get the buying price of the day based on weight, You will loose the "making charge" which dependent on the complexity of crafting can be as high as 1,200 Bht per Bht Link to comment Share on other sites More sharing options...
BigC Posted October 25, 2018 Share Posted October 25, 2018 On 10/24/2018 at 10:19 AM, robblok said: Talk about bad planning.. i expect you to lose quite a bit on it. I am no expert but there are 2 prices one for buying and one for selling. I think the rates are fixed. That’s right also the price in the shop is he cost of the gold not for the design for example if you buy gold bars then that’s the value of the price in the shop to buy a gold chain the buy price would be the value of gold thag day then a set smaller cost for the design Should get quite a bit back though at least 90% of the value set at today’s gold price Link to comment Share on other sites More sharing options...
BigC Posted October 25, 2018 Share Posted October 25, 2018 What you need to do is go to any shop and get a value then go and calculate the value yourself or with someone who knows about gold then if your happy with the price the shop offered you then go back and sell of not then go to another shop Link to comment Share on other sites More sharing options...
Dazinoz Posted October 25, 2018 Share Posted October 25, 2018 (edited) 3 minutes ago, BigC said: What you need to do is go to any shop and get a value then go and calculate the value yourself or with someone who knows about gold then if your happy with the price the shop offered you then go back and sell of not then go to another shop All shops work on the quoted spread prices of Thai gold both bars and jewellery at any given time then usually add a commission. Its the commission that can vary for a given gold price. Edited October 25, 2018 by Dazinoz 1 Link to comment Share on other sites More sharing options...
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