I just weighed my stuff on a postal scale and it was 8oz. I guess that's 160 pennyweight. Even at the lowest price per pennyweight I was quoted that'd be over $1100. I plan to take it a few places.
As a point of comparison, I had weighed my gold on a postal scale and had about 4.2 oz and I got $1140.00 for my gold so that is half of what you have.
All of it was 14k and some of it had some gemstones in it.
Shipped my goldfellow.com envelope yesterday afternoon. I had used the print the label myself option. They received it at 1:37pm this afternoon & called at 2:55pm to say my settlement was now available online.
Local jeweler paying $6 / GRAM was going to give me $111 for approx 18.5 grams of 14K.
Goldfellow.com settlement came to $180.86.The price paid was $15.16 per pennyweight for 14K & $10.83 for 10K. That is actually about $17 more than I had calculated since the prices went up.
Before accepting, I changed my payment option to paypal & accepted.
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Just wanted to chime in and say I'm very interested in selling some old gold that is broken or I no longer want.
1. What is everyone's opinion is it best to go local or online?
2. For those who have done it were you educated in it's worth first or did you just send it off and hope for the best.
3. What to do with pieces that have gemstones in them. Is it best to remove them or do they buy those as well is the value more than or less than gold for diamond chips, emerald chips etc...
Thanks!
Michelle
Just got my settlement from goldfellow also. Local jeweler offered $100. Goldfellow gave me $189. I accepted!
I am happy with that but now that I checked back on this thread I don't understad why I received less per pennyweight than the OP did. Both packages were processed today and at about the same time. We both had under an ounce total too.
I got 9.86 for 10K and 13.80 for 14K. Dunno!
That IS weird. ??? Maybe its paid on a sliding scale?
Here's my breakdown:
10K .3 DWT $10.83/dwt = $3.25
14K 11.7 DWT $15.18/dwt = $177.61
total $180.86
FYI: when I changed it from check to paypal, it said both of those options were free. I did not see a $6 charge from goldfellow for paypal. There was a fee for other methods like wire transfers, but I didn't really look at those closely.
I think the fees are charged by Paypal for receiving the funds.