Frequently Asked Questions
Table of Contents
1. Selling Process & Payments
How does selling process work?
Bring your items to Kingsway Gold. Our experts inspect and test your items in front of you, confirm purity and weight, and provide a cash offer based on the current market price.
Do you pay cash right away?
Yes! Most transactions are completed instantly with cash.
- For larger amounts, payment may be made via same-day cheque or next-day wire transfer.
- Fast service: Single items are typically evaluated and offered a fair market price within 10 minutes.
What types of items can I sell and how fast is it?
You can sell:
- Gold: Coins, bars, jewelry
- Silver: Coins and bars
Quick service: Single items are typically evaluated and offered a fair price within 10 minutes.
Do you buy broken gold jewelry?
Yes! We purchase gold in any condition, including broken or damaged pieces.
What if I’m not happy with the offer?
You are under no obligation to sell.
2. Gold & Diamond Questions
What gold items do you buy?
We purchase gold in any condition, including:
- Jewelry (rings, bracelets, necklaces, earrings, brooches, pendants)
- Bars, wafers, ingots
- Scrap or broken pieces
- Jewelry (rings, bracelets, necklaces, earrings, brooches, pendants)
- Bars, wafers, ingots
- Scrap or broken pieces
Do you buy diamonds or gemstones?
Most smaller diamonds and gemstones have little to no resale value and are usually melted along with the jewelry. Our focus is on precious metals only, so we do not purchase stones separately.
We offer the best rates at our Concord Vaughan location, recognized as the top cash-for-gold spot in York Region.
What gold items do you NOT buy?
We do not accept:
- Gold-plated or gold-filled items
- Catalytic converters
- Rocks, dust, or computer parts
- Watches with non-gold content
- Items marked GP, GF, GE, etc.
3. Silver Questions
What silver items do you buy?
We purchase only high-purity silver (999), including:
- Silver bars and coins
- Silver bullion
- Silver bars and coins
- Silver bullion
What silver items do you NOT buy?
We do not buy:
- Silver jewelry
- Old or collectible coins
- Scrap silver
- Items below 999 purity
4. Testing & Appraisals
How do you test my gold or silver?
Our experienced professionals use advanced testing methods:
- Magnetic and electrical conductivity checks
- X-ray purity testing
- Water density testing
Safe and transparent: All tests are performed in front of you.
⚠️ If an item does not match standard purity (10k, 14k, 18k, 22k, or 24k), it may require filing or scratching, or in some cases, melting before we can make an offer.
- We will inform you of the rate per gram for your karat range before melting.
- After melting, if the purity is lower, you’ll already know the approximate payout.
Do you offer appraisals?
We provide free evaluations for selling purposes only. We do not offer certified appraisals for insurance.
5. ID & Compliance
How do you test my gold or silver?
Yes. A government-issued photo ID is required.
- Additional ID may be requested if we suspect stolen items, fraud, or any suspicious activity, as per FINTRAC regulations.
6. Hours & Appointments
Are you open on weekends?
Yes! We are open 7 days a week, and only closed on mandatory statutory holidays.
- Check our Google Maps listing for current hours.
Do I need an appointment?
No appointment is required for regular transactions.
- For larger quantities, we recommend scheduling an appointment for faster, personalized service.
7. Pricing & Timing
Do I pay tax on the cash I receive?
For individuals, no HST is charged.
- For businesses or commercial sellers, tax may apply—consult a tax advisor.
Where can I sell gold for cash in Vaughan and York Region?
Visit our Concord Vaughan location. Walk-ins are welcome, though appointments are recommended for larger amounts.
Where can I get the best price for gold?
We offer the highest rates at our Concord Vaughan location, recognized as the best cash-for-gold in York Region.
When should I sell my gold?
Gold prices fluctuate daily.
- You can check live market rates online or visit us for a free evaluation.
- Selling when prices are higher maximizes your payout, but we always provide a fair offer based on the current market price.