Selling Gold

Discussion in 'Off-Topic Forum' started by ReefyCane, Jan 17, 2008.

  1. ReefyCane

    ReefyCane SuperNewbie

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    Hi All,

    Just curious does anyone know what's the best way to sell gold? I have a couple of chains and a ring that I'd like to sell, but of course I don't want to be ripped off.

    TIA,
    ReefyCane
     
    ReefyCane, Jan 17, 2008
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  2. ReefyCane

    yote Ceritfied Mantis Hunter Moderator

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    Gold is bought and sold by the ounce.So you'd you have to know what kind of gold you got,how msny karets,and the what it generally runs.
     
    yote, Jan 17, 2008
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  3. ReefyCane

    RigoSharon LIVING REEFS INTERN

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    here they buy it by penny weigth..and as yote said..karats.10k..14k etc
     
    RigoSharon, Jan 18, 2008
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  4. ReefyCane

    Damseluver

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    Midwest refineries will give ya 94 percent melt value. Pawn sh0p a dime t0 the d0ller.

    G00gle "midwest refinery and "g0ld caculat0r" t0 c0nvert kt weight t0 actual gram weight
     
    Damseluver, Jan 18, 2008
    #4
  5. ReefyCane

    Doc I don't work for anybody

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    If you can get it validated as to its weight in Karats by a reputable jewlery store, I would go with a craigslist post. People are always looking for stuff there. probably the fastest way to get at least some money

    -Doc
     
    Doc, Jan 18, 2008
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  6. ReefyCane

    fatman

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    Sell it as jewelery, not scrap gold. Unless you want to feel very used and abused. I have bought good gold jewelery right outside of pawn shops. I felt good about the price I paid and the seller got a lot more than the pawn shop offered. I paid about one third of retail, and the pawn shop offered one tenth of retail. Of course retail jewelery is probably a 10 to 20 times mark up from pure gold costs.
     
    fatman, Jan 18, 2008
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  7. ReefyCane

    fishbait I found Nemo

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    way more than that fatman. a jeweler told me once how much they mark it up. I don't remember the exact amount, but it was a lot. you would be surprised as to how many 300 dollar rings that have 10 dollars worth of gold in them.
     
    fishbait, Jan 18, 2008
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