Information for selling gold

Information for selling gold FAQ: the most frequent asked questions

We buy every type of material containing precious metals (gold and/or silver and/or platinum and/or palladium) such as gold bars and coins, gold plates, gold jewelry no longer in use and of any caliber or size.
No problem! Italian law obliges to keep any goods firm for any checks, so after this 10-day period we will carry out a merger so as to send a single analysis to our laboratory which will proceed to the determination of the real precious metal content (gold and/or silver and/or platinum and/or palladium) in the objects of different caliber received and will be contacted for the communication of the outcome and the net final value that we will recognize by bank transfer directly to your bank account.
After an appropriate laboratory analysis, the pure gold content is determined, which will be valued at the precious metal price. To give you an example, out of 100 grams of used jeweler, which are generally 18 carat (750/1000), this means that there are 75 grams of pure gold content which we value at the price of Euro/gram 51.13 (Thursday, 30 July 2020 at 17:53), the net we will transfer is Euro 3834.75 directly to your bank account. You can calculate the recognized value via the Online Estimator. The Online Estimator assigns a lower value than the real one, because there may be stones and non-gold objects that end up being melted down. Please note that there are treatment costs to be deducted from the web quote. And they are 100€ (for Gold and Silver), and 300€ (for Platinum and Palladium).
Online quotations
Each precious metal object must contain the so-called legal trademarks: the trademark of the legal title (our ingots report 999) and the trademark of the authorized producer which is issued by the metric office of the competent Chamber of Commerce (in our case, Chamber of Commerce of Milan and our trademarks is MI1748).
If the price of the precious metal has been blocked and defined in the online booking, it is not possible to withdraw as our company has engaged with other companies on the national and/or international market to guarantee the promised price. If the price of the precious metal has NOT been defined and contracted, it is possible to request the return of your material after the 10-day compulsory administrative stop period; Any costs incurred such as shipping and costs incurred for the enhancement of products such as melting and chemical laboratory analysis will be charged. After the administrative stop and as specified in the contract, the objects may no longer be in the state in which they were delivered as the analysis procedure may require cutting or partial or total destruction of the objects.
You can also come to our premises by appointment. Otherwise, you can do the operation online 24/7 without having to come to our offices in Milan or Pero.
Book an appointment
The Trading department is a company that has all the legal requirements to be considered among the «Professional Gold Traders». OROvilla, which is a division of the 8853 SPA group, is a Professional Gold Operator authorized by the Bank of Italy with number 05000211 and is a manufacturer with the 1748MI identification mark issued by the Metric Office of the Chamber of Commerce of Milan Monza Brianza and Lodi .
OROvilla, which is a division of the 8853 SPA group, is a Professional Gold Operators authorized by the Bank of Italy with number 5000211 and our operations comply with ISO 9001 standards and are certified and controlled by the Bureau Veritas, a company French of world importance in the assessment and analysis of risks related to quality, the environment, health, safety and social responsibility. In addition to this, we have implemented our general policy with the sustainability project by obtaining the voluntary «Code of Practice» certification of the «RJC» (editor's note Responsible Jewellery Council, which is a non-profit organization founded to promote responsible practices from a ethical, social and environmental view, which respect human rights, along the production chain of Precious Diamonds and/or Gold, from extraction to sale and groups over 400 companies among the most important worldwide representing the entire supply chain gold, from the mine to large jewelry manufacturers such as Cartier, Bulgari, Tiffany, etc.
OROvilla, which is a division of the 8853 SPA group, is registered in the buy gold register of the Mediating Agents Body (O.A.M) with the number OCO251.
Italian law identifies that only Professional Gold Traders authorized by the Bank of Italy are authorized to buy and sell investment gold on a professional basis. The subjects must have previously communicated to the Bank of Italy in the manner provided for by art. 5 of the UIC provision of 14 July 2000 and meet the following requirements: 1) legal form of joint-stock company, limited partnership company, limited liability company or cooperative company, having in any case fully paid-up share capital not lower than the minimum required for joint-stock companies. 2) corporate purpose that indicates the activity of the gold trade as defined by art. 1, paragraph 1, of the Law of 17 January 2000 n. 7. 3) possession, by the participants in the capital, of the directors and employees vested with technical and commercial management functions, of the integrity requirements provided for in articles 108 and 109 of the Consolidated Law on banking and credit laws, issued with Legislative Decree September 1, 1993, no. 385 and by the implementing decrees of the Ministry of the Treasury no. 516 and 517 of 30 December 1998. Operators who purchase gold for the purpose of earmarking it for their industrial or artisanal processing or entrusting it, exclusively for processing, to a holder of the identification mark referred to in the legislative decree of 22 May 1999 are excluded from the discipline referred to in paragraph 3, n. 251.
The price of precious metals indicated in newspapers or on official websites is the world reference price set daily by 4 members of the LBMA ( London Bullion Market Association ) in London since 1919 ( The Bank of Nova Scotia - Scotia Mocatta, HSBC, Deutsche Bank AG, Société Générale and Barclays Bank PLC ).
This price is set in $ US per troy ounce , since the euro has been in force, however, we can also find it expressed in this currency. The price called FIXING has a purely statistical reference value.
During the day the prices of precious metals then follow the indications of the world stock exchanges in Zurich , New York , Hong Kong and Singapore so that metal can be treated 24 hours a day and that large industries and manufacturers all over the world use to establish their selling and buying prices.
Each Precious Metals Bank then applies its own purchase and sale price, which takes into account the fees for management, property, insurance and processing.
We confirm that it is possible to regenerate your used precious objects, but two separate operations are required for tax reasons.

Practice 1: our purchase of your precious objects


1) delivery of your precious objects to our counter in Milan or Pero.

2) after administrative detention and merger/analysis of the material received, we will inform you of the exact amount that will be transferred to the customer's bank account.

3) upon receipt of our bank transfer, you will place an online order for the amount next to our bank transfer, and arrange for the bank transfer to settle the order.
WOULD YOU LIKE MORE INFORMATION?
Contact us by filling out the form at the side, our consultants are at your disposal and will be pleased to help you. Without obligation and totally free. Enter your details and we will contact you quickly. Or go to the FAQ section to find answers for selling, buying and investing in gold.
Pero
Via Pitagora, 11 - 20016, Pero (MI) ITALY
MM1 - Molino Dorino underground station
Tel: +39 02-8853
We receive by appointment only, from Monday to Friday from 09.00 to 16.00. We are closed on Saturdays and Sundays.
Click HERE to book
Milan
Via Mazzini, 16 - 20123, Milan ITALY
MM1 - MM3 undergound station Duomo
Tel: +39 02-8853
We receive customers in the historic office and in the new shop, by appointment only, from Monday to Friday and from 09.00 to 16.00.
We are closed on Saturdays and Sundays.
Click HERE to book
I consent to the processing of my personal data pursuant to art. 13 of Regulation EU 679/2016 ex art. 13 D.Lgs 196/03
Acconsento di ricevere la newsletter in ambito delle iniziative di marketing profilato correlate ai servizi offerti da Orovilla. Non ti invieremo mai spam e potrai toglierti in qualsiasi momento!