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

[wdw_dine_junkie]

I just went to a local jeweler and got a price for my old gold. They offered $680 for stuff I knew for sure I wanted to sell, and $136 for stuff I am not sure about selling yet. Seemed like a good price, but I may try usgold like others on here if they are really paying that much more. Thinking about goldfellow also. Can't decide which one to do! I here the usgold pays better, but if goldfellow is truly paying the 10% more for Dis'ers it may be worth it. But how would I know if they were really giving me 10% more, or just saying that?

When you see your settlement online, you can see that they are giving you the next price level up from the weight you sent in.

 

[DMickey28]

I just came back from going to Goldfellow. They have an office in Weston, FL but mostly do it through the mail. I met Michael there. He runs it with his family. I guess he used to own a LARGE business in Florida and sold it. I am assuming he used his own assets to start Goldfellow but now it is really taking off. He was really friendly and I got a great feeling being there.

I brought in some old chains, mostly broken and a few gold rings from old high school boyfriends and one of those xo bracelets. There were some other odds and ends in it I think. I got $514.00!!! I was pretty excited, I didn't really expect much at all.

If you tell him that you heard about Goldfellow on the DIS then he'll give you an extra 10%, basically the next price tier up.

 

[DMickey28]

When you see your settlement online, you can see that they are giving you the next price level up from the weight you sent in.

On Goldfellow's website they post the amounts they pay per pennyweight (I think that's the measurement) each day. If you have between X-Y amounts it's a certain amount per 10K, 14K etc. Then between Y-Z amounts it's slightly higher. He is paying you in the next step up from the amount that you actually have. It ends up being equal to 10%.

When I was there he showed me the tier that they post online for today and then showed me how on my spreadsheet I was paid in the next category up from the actual weight I had.

Does that make sense?

 

[gardenhoe]

I just came back from going to Goldfellow. They have an office in Weston, FL but mostly do it through the mail. I met Michael there. He runs it with his family. I guess he used to own a LARGE business in Florida and sold it. I am assuming he used his own assets to start Goldfellow but now it is really taking off. He was really friendly and I got a great feeling being there.

I brought in some old chains, mostly broken and a few gold rings from old high school boyfriends and one of those xo bracelets. There were some other odds and ends in it I think. I got $514.00!!! I was pretty excited, I didn't really expect much at all.

If you tell him that you heard about Goldfellow on the DIS then he'll give you an extra 10%, basically the next price tier up.

I'm glad you were able to meet them & got a good feeling. He told me pretty much the same in the emails he has sent me.

 

[wdw_dine_junkie]

On Goldfellow's website they post the amounts they pay per pennyweight (I think that's the measurement) each day. If you have between X-Y amounts it's a certain amount per 10K, 14K etc. Then between Y-Z amounts it's slightly higher. He is paying you in the next step up from the amount that you actually have. It ends up being equal to 10%.

When I was there he showed me the tier that they post online for today and then showed me how on my spreadsheet I was paid in the next category up from the actual weight I had.

Does that make sense?

That's what I meant, but you did a much better job of explaining it! I could see it on the settlement page that he was paying the next tier up. It even says Disboards

 

[rae662000]

Thanks for this info on this subject. I have decided to look in my drawers and jewelry box for old pieces.

 

[twinsmomvj]

Okay, I used usgoldbuyers and had a good experience. The goldfellow guy seems like a nice enough guy and from what I've read, people are also having a good experience using him.

I am no math expert, but I decided to compare the payouts for 14k based on what both websites are offering.

Goldfellow:
paying $14.08 per dwt if less than 1 oz; paying $15.48 per dwt if 1-5 oz.
factor in that he appears to be offering an additional 10% for dis'ers

usgoldbuyers:
pays $27.70 per dwt for 5-50 oz.; when I called, I was told that I would receive 10% less, if I had less than 5 oz.

Sample 1:
.8 oz of 14k gold = 16 dwt
Goldfellow: 16 x 14.08 = 225.28 (+ 22.50 if in fact he is giving an additional 10% to dis members) = $247.80
usgoldbuyers: 16 x 27.7 = 443.32 - 44.32 (10% less b/c under 5 oz) = $398.88
goldfellow payout $247.80 vs. usgoldbuyers payout $398.88

Sample 2:
3.0 oz of 14k gold = 60 dwt
Goldfellow: 60 x 15.48 = $928.80 (+ possible 10% more? of 92.88) = 1021.68
usgoldbuyers: 60 x 27.7 = $1662 - 166.2 (10% less b/c under 5 oz) = 1495.80
goldfellow payout $1021.68 vs. usgoldbuyers payout $ 1495.80

Hope that helps someone!

 

[tycopj]

Thanks for the great info. I have some scrap gold and a few items with some stones. I think we are going to go to two jewelry stores, and then check out the two mail in places. Thanks again!

 

[momtokendantom]

I got my goldfellow's kit today and will ship tomorrow. I will let you know about my experience with them. Thanks OP

Michelle

 

[SnowWhite12]

OK, so now I am a nervous wreck. I am waiting for Fed Ex to bring my shipping supplies. Decided to go with usgoldbuyers. Convinced DH to add a ring, necklace, and bracelet to the collection. Keeping my fingers crossed that all goes well! Would be great to get $1000 (could be wishful thinking I know).

 

[mafibisha]

Okay, I used usgoldbuyers and had a good experience. The goldfellow guy seems like a nice enough guy and from what I've read, people are also having a good experience using him.

I am no math expert, but I decided to compare the payouts for 14k based on what both websites are offering.

Goldfellow:
paying $14.08 per dwt if less than 1 oz; paying $15.48 per dwt if 1-5 oz.
factor in that he appears to be offering an additional 10% for dis'ers

usgoldbuyers:
pays $27.70 per dwt for 5-50 oz.; when I called, I was told that I would receive 10% less, if I had less than 5 oz.

Sample 1:
.8 oz of 14k gold = 16 dwt
Goldfellow: 16 x 14.08 = 225.28 (+ 22.50 if in fact he is giving an additional 10% to dis members) = $247.80
usgoldbuyers: 16 x 27.7 = 443.32 - 44.32 (10% less b/c under 5 oz) = $398.88
goldfellow payout $247.80 vs. usgoldbuyers payout $398.88

Sample 2:
3.0 oz of 14k gold = 60 dwt
Goldfellow: 60 x 15.48 = $928.80 (+ possible 10% more? of 92.88) = 1021.68
usgoldbuyers: 60 x 27.7 = $1662 - 166.2 (10% less b/c under 5 oz) = 1495.80
goldfellow payout $1021.68 vs. usgoldbuyers payout $ 1495.80

Hope that helps someone!

Great info, thanks.

It's starting to sound like the local jewelers pay out less because they're the 'middlemen' who ALSO sell to the online people....right?

 

[mafibisha]

OK, so now I am a nervous wreck. I am waiting for Fed Ex to bring my shipping supplies. Decided to go with usgoldbuyers. Convinced DH to add a ring, necklace, and bracelet to the collection. Keeping my fingers crossed that all goes well! Would be great to get $1000 (could be wishful thinking I know).

Can I ask why you chose usgoldbuyers instead of goldfellow? I'm thinking of using one of them and can't decide!?

 

[kimmie]

Just sent my gold off with FED EX! Sent it to US Gold Buyers. We will see what happens!

 

[KerriL]

FEDEX is coming tomorrow for a pick-up...too late for today.
I am using US Gold Buyers, too.

 

[flagdaytwins]

I don't have a scale.....I'm going crazy looking at my jewelry box!!!

I have a 14k gold and diamond bracelet that was purchased in 2003 at a mall jewelry for $555. I'm thinking........is it worth that or more with how high gold is??? I know the jewelry markup is huge......but could I break even for something I never wore???

 

[flagdaytwins]

I just looked up 2003 gold prices......$380 per oz!!!! OH MY GOD.....maybe I could get more than what I paid for that bracelet in my PP!!! I'm an optimist......

 

[Lisa11130]

I was also going through USGold Buyers but when I called Federal express they told me I had to put the shpiping charges on MY Credit card, the info I read said that US Gold Buyers pays to send items to them so how did you guys do it? Maybe I got a wrong answer. Thanks! Lisa

 

[kbkids]

I was also going through USGold Buyers but when I called Federal express they told me I had to put the shpiping charges on MY Credit card, the info I read said that US Gold Buyers pays to send items to them so how did you guys do it? Maybe I got a wrong answer. Thanks! Lisa

The way I read it is that they reimburse your shipping fees, but you've got to pay it up front.

 

[lisaross]

Just heard on the news that Gold hit its record high today ove 1,000!!!

 

[twinsmomvj]

The way I read it is that they reimburse your shipping fees, but you've got to pay it up front.

I called usgoldbuyers and they gave me a link, which provided instructions as well as their fed ex account #. I did not have to pay for the fed ex.