WOW - I just sold my old gold........

[deerhart]

How can you tell which of your old jewelry actually has gold in it or not?
Thanks

 

[springandmac]

I finally got around to mailing off DH's old gold rings and guess what?

UPS lost my package and now I'm having to jump through hoops for the claims process. This is so frustrating!

 

[agnes!]

can I ask about stones in jewelry? do you take them out or do they and then renturn..the pin I have has like 4 I think pink saphires, they are too lite to be rubys but also have ring with topaz 50 years old and diamond chips? in some. Thanks

Do not remove any of the stones. Take the intact items to an antique jewelry dealer (before you sell them for scrap), they might be collectible/vintage. Even if the items are costume, if you have any of the top-notch designers, their stuff can be worth more than no-name genuine jewelry.

Pink stones can be: Tourmalines, Topaz, Garnets, Sapphires, Spinels, Kunzite, plus others. images...http://www.bernardine.com/gemstones/pink.htm
http://www.gemselect.com/other-info/about-pink-gemstones.php

Besides, semi-precious stones in jewelry are almost worthless in the secondary market. Even if they are genuine, popular tastes (re: cut, colors, styles, etc.) change, what's in one decade is out the next.

Good luck with whatever you decide to do.
agnes!

 

[Maliki2]

Where do you find the current price for gold? I'm trying to find something I can understand on the web--I just don't understand it. I hear lately gold is at 1000 an oz.

Great site to check out current gold prices and how to tell pennyweight.

http://www.tomstreasures.com/gs.html

 

[Maliki2]

Any gold experts able to let me know what a 14k gold necklace that weighs 28.5 grams would be worth at todays rates?

 

[Kay1]

Where do you find the current price for gold? I'm trying to find something I can understand on the web--I just don't understand it. I hear lately gold is at 1000 an oz.

kitco.com and ino charts and quotes are clear and easy to understand.

 

[Kay1]

Any gold experts able to let me know what a 14k gold necklace that weighs 28.5 grams would be worth at todays rates?

Gold and silver are measured in troy ounces. There really is no simple answer to your question, I'm afraid. It just depends on how much someone wants to pay you.

Where we live, near St. Petersburg, there are many local jewelers and dealers who constantly beg (TV, newspaper ads, billboards) to buy our PMs. If I wanted to buy or sell, I would look in the Yellow Pages under coins or jewelers and find on that offers to buy or trade.

If you could find one of these businesses you could at least know the weight of your necklace. Usually, when you buy bars or coins they charge $1 more than spot (the price the PM is trading at) and when you sell, they pay you $1 less. That's not carved in stone - it depends on how badly they want it.

 

[1tricky1]

i live in canada and am seriously thinking of doing this. i have tons of small stuff charms old chains at least 30 rings etc although most of it is in 10 kt i think i have my grandma 18 kt thick wedding band.. my mom worked in a jewellery store for over 30 years so i always got pressies of jewellery. now i dont wear that stuff usually only what hubby buys. one gal here from canada sent it to the usa and im waiting to hear back if there were any problems cashing check, shipping it etc.

thanks
vicky

 

[SOnotLayuh]

I wish I wasn't allergic to gold so I would have some to sell!

 

[hinodis]

I will never understand why anyone would send there gold away rather then have someone local buy it where they can watch what they do and be paid immediately.

 

[LexiC123]

I will never understand why anyone would send there gold away rather then have someone local buy it where they can watch what they do and be paid immediately.

Local = $1600
Sent away = $3000

Can't speak for everyone else, but that's my *why*.

 

[Maliki2]

I will never understand why anyone would send there gold away rather then have someone local buy it where they can watch what they do and be paid immediately.

For the simple fact that I would rather wait a few days to get a much better payout.

 

[Purseval]

Consumer guru Clark Howard writes off gold parties and most buyers as poor deals for everyone except the people buying the gold, basically the Midas touch in reverse:

http://clarkhoward.com/liveweb/shownotes/2009/02/10/15093/

It's even more interesting to read the comments on his show notes because there are notes from people who run parties, buyers, jewelers, pawn shop owners and refiner representatives.

 

[jfoofj]

I had a bunch of old gold from years and years ago, stuff that I would never wear again and that held no sentimental value. Tangled chains, earrings missing their mates, gifts from old boyfriends. I brought the bunch of it to 2 local jewelers who had "we buy gold" signs in their windows. I was offered $700 and $900 for the lot of it. I almost took the $900, but I decided to send it to USGoldbuyers because they guarenteed that if you didn't like their offer, they would send it back to you. I decided to take that chance and they offered me $1400!!!! I was VERY happy that I decided to send it in.

My understanding of the gold parties that everyone is having is this.... the people buying the gold from you are going to do what? Sell it to a refiner who is going to melt it down. Same with the jewelery stores who are buying gold, for the most part. SO, they want to make a profit, right? (or they wouldn't be doing it.... they are the middle man). USGoldbuyers IS the refinery, they melt it down right there (I believe they are located in NYC, I had a lengthy conversation w/ a rep when I was considering selling my gold). When you send it in, you essentially cut out the middle man and get the most bang for your gold. I don't understand why anyone would want to sell to the middle man, get the most profit for your gold!!

ETA...It was a superfast process. I send it on a Tuesday, got my offer on Wednesday afternoon, had the check Friday. Check cleared no problems. I will do it again in a heartbeat if I come across any other old gold.

 

[mollybug2]

After reading this thread I sent in a few things to US Goldbuyers. Nothing big, nothing pricey. Mailed them via Fed Ex yesterday as directed, got the call a few minutes ago (so about 32 hours later) and will get $120. I am happy, it truly was JUNK to me! A nice bit in my Disney fund! Thanks for all of your posts, if I hadn't read the thread it would still be sitting in my jewelry box!

 

[2005s4]

all the money these people are making.. the owner of cash4gold just purchased a $4,000,000+ home in my neighborhood

 

[klynn]

all the money these people are making.. the owner of cash4gold just purchased a $4,000,000+ home in my neighborhood

Awesome! It sounds like a win-win situation for both sides.

 

[cultureart]

I was about to go into a jewlery store at the mall - when i saw a stand that said "we buy gold" figured it was a scam - anyway went over (happened to know the kids from my sons camp) anyway i told him i was about to go to a jewlery store but lets see what his price was - i almost fainted - he said jewlery is the highest its been in the 8 months he's been working the stand! So of course i said i'll sell it! He said the jewlery stores give a bit less - if thats true or not - i would have been thrilled with a few hundred but $900.00 i was flawed..........

That's really fantastic!!!!!!!!!!

 

[bas71873]

After reading this thread I sent in a few things to US Goldbuyers. Nothing big, nothing pricey. Mailed them via Fed Ex yesterday as directed, got the call a few minutes ago (so about 32 hours later) and will get $120. I am happy, it truly was JUNK to me! A nice bit in my Disney fund! Thanks for all of your posts, if I hadn't read the thread it would still be sitting in my jewelry box!

do you have a web address or phone number? when I googled it and www.usgoldbuyers.com, there are also tons of sites that say this is a scam? i just want to look into the correct one before I do anything. thx.

 

[LexiC123]

do you have a web address or phone number? when I googled it and www.usgoldbuyers.com, there are also tons of sites that say this is a scam? i just want to look into the correct one before I do anything. thx.

That's the place. It most definitely is not a scam. I went there in person, watched them test and weigh each and every piece of gold I had, and received a payout double the size of what my local jeweler offered.

There are a few hundred people in this thread who will tell you the same. They're the real deal.