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

[wdw_dine_junkie]

Nevermind, dumb question by me... nothing to see here.

 

[TheDISneyFamily]

I don't know if anyone posted this yet, but here is the link to the official daily gold prices...

The London Bullion Market Association

Gold is just about to hit $1000/troy ounce today!

You can see the live feed on spot prices here...

Live Gold Prices

Good luck to everyone selling!

 

[jthompson08]

Interested to hear feedback on all these companies, sounds like goldfellow has been the best experience???

 

[mafibisha]

It is possible to take your stones out of some settings. If the stone is small or chips it isn't worth the effort. If the stone is near impossible to get at but obviously worth your while to remove you can have a jeweler do it for you before selling the gold either elsewhere or to them. Pronged settings are easy to manipulate and gold is soft. Since you are scraping the gold, in most cases it makes no difference if you wreck the piece getting the stone(s) out. Small chain nose pliers can be helpful - don't hurt yourself.

Sometimes a jeweler will offer to buy the stones and if they don't desire them they wont. Again chips and small stones aren't worth the effort. Be careful if removing stones other than diamonds they break.

Another option when removing stones is to save them and have a new piece made up using them. I have done this many times over!

I cant answer if a place you use will send your stones back to you. Personally if the stone is worthwhile remove it before you send it out or have a jeweler do it for you.

Some places actually add a fee to your bottom line for stone removal.

Refining fees, assay fees, treatment charges, brokering fees, handling fees are ALL questions to ask about when you are being told you are getting back over 90% of your value.

Finally, what I'm saying here really doesn't pertain to those that have a minimal amount to sell. But thats an individual call.

If you are unsure what you have and what its worth get an appraisal from a jeweler. Tell them its for insurance purposes. In some cases this is very worthwhile.

Thank you very much, thats good to know.

I'm still confused - is this good or not:

A local coin and jewelry shoppe is paying for 14 K - $14 per penny weight(?)

 

[carymomof3]

I sent mine to goldfellow yesterday. The envelope arrived within a day of my request and the whole process was so easy. I just dropped the FedEx envelope in a drop box at Kinko's. Can't wait to see the outcome! I sure could use some extra Disney dollars!

 

[tinkerbellmagic]

Any idea what a men's class ring would go for at one of these gold places?

thanks!

 

[caitty13]

If we don't accept the offer do they send back all the items? I read though the post but was unsure.

 

[caitty13]

Also one more thing. Has anyone had any luck selling in NH? I think I would rather go in person. I worry to much about the what if's.

 

[DMickey28]

I just called GoldFellow since I am in S. Florida. They were very nice. I am going to make an appointment tomorrow I think to go in and have them look at my stuff!!

 

[AlwaysEeyore]

Oh, now I don't know who to go with Goldfellow or usgoldbuyer?

 

[mafibisha]

I'm still confused - is this good or not:

A local coin and jewelry shoppe is paying for 14 K - $14 per penny weight(?)

So does anyone know if thats a good rate? I'm really confused. (and math challenged )

 

[Pugsley]

If we don't accept the offer do they send back all the items? I read though the post but was unsure.

I was wondering the same thing. Also, what if you send them items that don't turn out to be real gold -- do they return those?

 

[twinsmomvj]

So does anyone know if thats a good rate? I'm really confused. (and math challenged )

The local place I went to offered $22.50 per pennyweight for 14K; usgoldbuyers was slightly higher.

 

[mafibisha]

The local place I went to offered $22.50 per pennyweight for 14K; usgoldbuyers was slightly higher.

I'm tempted to send it out to usgoldbuyers, but I have several rings with gemstones. Not sure how good they are, but they're real.

(sorry if this has been discussed, i must have missed it...)

So if I send it, will they take out the stones and return them, or keep them and add a little to my total? AND, how do I know if thats good - or not?

I'm soo confused!!

 

[JessicaR]

So does anyone know if thats a good rate? I'm really confused. (and math challenged )

If the gold is 14k thats not a good price and its still going up. The companies the other have been discussing seem much more fair.

 

[mafibisha]

If the gold is 14k thats not a good price and its still going up. The companies the other have been discussing seem much more fair.

Thank you, thats what I thought.

I'm still just a little leery of sending it away, and not seeing myself what they do with it. Plus, the thought of it getting 'lost in the mail'.

And then the gemstone thing. Do they keep them or take them out and return them?

 

[mafibisha]

If the gold is 14k thats not a good price and its still going up. The companies the other have been discussing seem much more fair.

Although - on the goldfellow site, it says 14 K is going for $14.08 for less than 1 oz-- so isn't that the same thing....or am I reading something wrong....??? Is it the "less than 1 oz" thats the main factor?

http://goldfellow.com/whatWePay.aspx

 

[mudman]

Thank you, thats what I thought.

I'm still just a little leery of sending it away, and not seeing myself what they do with it. Plus, the thought of it getting 'lost in the mail'.

And then the gemstone thing. Do they keep them or take them out and return them?

I feel the same way. I guess if I know that I'll never wear these items again than any amount is better than them collecting dust. Most of my diamonds and gemstones are just chips, but I don't want to give them away either. Not sure I'd ever use them in another piece of jewelry.

What to do????

 

[gardenhoe]

I just called GoldFellow since I am in S. Florida. They were very nice. I am going to make an appointment tomorrow I think to go in and have them look at my stuff!!

READ POST #206.

Goldfellow is paying 10% extra to DISboard members. Good luck.

If it makes anyone feel better about sending things thru the mail, I took a photo of what I sent along with a ruler for size reference. I printed the photo & included it in the envelope (& kept a copy) so there would be less dispute as to what I sent. After using them, I feel much better than I did before. Everything went fast, smooth & professional with lots of communication initiated from their end by phone & email.

I won't be reposting this again. If people don't read the whole thread, they could be losing money or getting less than they should get. You need to educate yourself before just selling it to anyone.

 

[markmyboy]

I've only got .5 ounces of gold (measured on food scale!?!). So if I'm reading everything correctly that should convert to approximately 10 dwt (what does that abbreviation stand for?). So, according to the goldfellows website that should be $14 PER DWT? (it's all marked 14K) It seems crazy to me that the little bit of old jewelry I have should be worth $140!!!
I've got a ton of old silver, has anyone tried to sell that? I've heard those prices are pretty high right now as well?

I skipped this thread for so long, I figured you guys would be talking about jewelry boxes full of jewelry....if my calculations are correct, then I think I am glad I peeked in!!