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Old 03-07-2008, 05:13 PM   #91
lisaross
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I don't know how many Grams per ounce, but my 1st run at cashing in my gold, i got 920.00 and price that day for an ounce was about 937.00 i don't know how to figure it out but maybe someone here can!

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Originally Posted by gardenhoe View Post
So far here's what I've been offered for 18.5 grams of 14K gold in small thin chains, one thicker heavier rope chain & a couple thin bracelets. I'm not taking either yet.

1. small local jeweler weighed & offered $6/gram for $111
2. craigslist local guy (based on info I provided in email) about $100

I wish more people would get their weight & price per gram for comparing. I still think I'm being screwed based on the math in that article from earlier in this thread.

ETA: Meant to include that based on math in the article, and based on their figure of $958 / ounce for 24k gold at the time, my 18.5 grams of 14K gold should be about $180. Even higher with todays prices.
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Old 03-07-2008, 05:25 PM   #92
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cash4gold.com

Okay, I got my mailer from cash4gold.com today. It seems pretty legit. from what I've read on it. It came with a little ziplock-type baggie to put items in and a card with my address printed on it that I was to put in the envelope with the baggie. It had a tracking number for me to copy down so I can check on the progress on their website. There were two options for payment to choose from on the card, paper check or "fast cash" where you send a voided check and they will deposit your $ into your account (I think that one charged a fee). I wasn't comfortable with giving them access to my bank account so I opted for a check. I just put it in the mail today, it says it will take 3-5 days for payment, I assume that's after they receive it.

The address is in FL so it will probably take about a week to get there since I'm in WA state.
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Old 03-07-2008, 07:17 PM   #93
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Also checked my recipt and i had 1 H.S. ring which was 10K and for that ring i got $55.00 - not sure what the price was for 10k!

hope this helps.

lisa

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Originally Posted by lisaross View Post
I don't know how many Grams per ounce, but my 1st run at cashing in my gold, i got 920.00 and price that day for an ounce was about 937.00 i don't know how to figure it out but maybe someone here can!
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Old 03-08-2008, 09:27 AM   #94
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Woops! I hit submit before I finished answering!

The going rate here is 10% for the party host. Since that could really add up quickly, I'd make sure to have a nice spread for your guests! Will he let you serve "drinks" at his shop? If not, maybe 5% would be more inline. Have your people RSVP so you know what to expect. We had 23 people on Wednesday.
Thanks for the tips-- I was wondering about the drinks in the shop thing, too. We haven't gotten that far in the planning-- he is checking with the local PD to make sure it's OK.

I'll post when I have more info!
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Old 03-08-2008, 09:47 AM   #95
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Those places that send you an envelope to send your gold into them really raise my red flags. I'm sure you'll get paid, but I bet you get paid a heck of a lot less than what you might get by taking it down to a pawnshop or jewelers. Unless I'm missing something here, you don't get a chance to approve or disapprove the price they give you, so really, they can give you whatever they want. I'm pretty sure they aren't going to be generous.
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Old 03-08-2008, 10:03 AM   #96
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Last year I used Goldkit.com. When they receive your package,they price it and send you a quote via email for your approval before they proceed.

Well, they claim they never received my package. I didn't consider sending it certified, getting insurance, etc. Lesson learned. After several months of back and forth they sent me a settlement for $33. This was for several broken chains, 3 bracelets, and at least 2 rings, probably more. I am now sick after reading what others are receiving.

Next time I will go locally where I have more control.
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Old 03-08-2008, 10:03 AM   #97
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Quote:
Originally Posted by Shir Kahn View Post
Those places that send you an envelope to send your gold into them really raise my red flags. I'm sure you'll get paid, but I bet you get paid a heck of a lot less than what you might get by taking it down to a pawnshop or jewelers. Unless I'm missing something here, you don't get a chance to approve or disapprove the price they give you, so really, they can give you whatever they want. I'm pretty sure they aren't going to be generous.
Actually, you have 10 days to say "no" after you get your check. If you don't get the check mailed back in 10 days you can still call them and they will send you back your jewelry as long as you don't cash the check.
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Old 03-08-2008, 10:06 AM   #98
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Ah ok, that does sound a lot better then.
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Old 03-08-2008, 10:08 AM   #99
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I just took some jewelry into a local jewelry store the other day. I took in:

1 pr of earrings
1 THIN ankle chain
1 THIN necklace (no pendant--chain only)
1 bent ring
1 THIN ring
1 broken bracelet

Total = $154

My mom took in a lot more stuff including a pendant with 3 diamonds. She ended up with $2100 for the pendant and $550 for the misc gold.
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Old 03-08-2008, 10:53 AM   #100
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Quote:
Originally Posted by Clemson Cruiser View Post
Last year I used Goldkit.com. When they receive your package,they price it and send you a quote via email for your approval before they proceed.

Well, they claim they never received my package. I didn't consider sending it certified, getting insurance, etc. Lesson learned. After several months of back and forth they sent me a settlement for $33. This was for several broken chains, 3 bracelets, and at least 2 rings, probably more. I am now sick after reading what others are receiving.

Next time I will go locally where I have more control.
This is what makes me nervous also. It says the envelope that you send it in is insured but for how much? Maybe it would be better to go to the Post Office and insure it yourself? Anyway I sent away for the kit also and may send in a bunch of missing half earrings just to test it out.....

Also - does anyone know ANYTHING about these jewelry parties in NY....I would LOVE to host one of these if it is legal. And could anyone explain to me why it wouldnt be legal. Is it because of tax laws or something?
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Old 03-08-2008, 11:24 AM   #101
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Quote:
Originally Posted by mrsbornkuntry View Post
Actually, you have 10 days to say "no" after you get your check. If you don't get the check mailed back in 10 days you can still call them and they will send you back your jewelry as long as you don't cash the check.
Actually, they need to have the check back in their hands by 10 days after the date on the check. In those 10 days, they need to get the check out of their office, it goes thru the mail, you decide & you mail it back, & they acknowledge they received it.

As fas as not knowing how much they will pay, their website does give what they are paying for each type of metal. I ordered a kit yesterday, BUT then realized that their great price per pennyweight for 14K was for 10 oz - 50 oz. That's alot of gold. I only have 18.5 grams. There are 31.1 grams in a troy ounce.

So my question now is, WHAT ARE THEY PAYING FOR LESS THAN 10 OUNCES? I'm not sure if I'm going this route yet after all.
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Old 03-08-2008, 11:44 AM   #102
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Here is what I took yesterday to my local jewlery store. I got $400. I was happy. Most of it came from working in a clothing store. People lost necklaces, earrings, and bracelets all the time while trying on clothes. They never came to reclaim it so the finder got to keep it.

I would definetly try local jewlers over sending it through the mail. If you don't like the quote then try another store.
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Old 03-08-2008, 12:12 PM   #103
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Quote:
Originally Posted by gardenhoe View Post
Actually, they need to have the check back in their hands by 10 days after the date on the check. In those 10 days, they need to get the check out of their office, it goes thru the mail, you decide & you mail it back, & they acknowledge they received it.

As fas as not knowing how much they will pay, their website does give what they are paying for each type of metal. I ordered a kit yesterday, BUT then realized that their great price per pennyweight for 14K was for 10 oz - 50 oz. That's alot of gold. I only have 18.5 grams. There are 31.1 grams in a troy ounce.

So my question now is, WHAT ARE THEY PAYING FOR LESS THAN 10 OUNCES? I'm not sure if I'm going this route yet after all.
www.goldfellow.com lists smaller weights, that's why I figured I'll give them a try.
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Old 03-08-2008, 12:40 PM   #104
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I'm from central MA and would be interested in attending a gold selling party if anyone is organizing one. Also, in the Worcester Telegram this week there was a large article about the price of gold. It mentioned a jewelry store in Southboro that had a gold purchasing day or days recently. Shouldn't be too hard to track down.
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Old 03-08-2008, 01:23 PM   #105
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Depednding where in MASS it is, I may be interested, too
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