Cash for Gold...

eGoCeNTRoNiX · Post by **eGoCeNTRoNiX** » Tue Jun 12, 2012 4:33 pm

Rip off or Not? I have some old jewelry some with diamonds, some without, anywhere from 10-18 karat gold and I'm curious as to whether or not it's worth doing something like this. Or should I just take it to a pawn shop? I'm not attached to it in any way. The only piece I will keep is her Wedding set, the rest of it is not they style of my fiance and she won't wear it. So I figure I might as well sell it to have some extra money for fun on the Honey Moon.. Should I go this route, or try to sell it on eBay? Or do jewelers buy vintage jewelry? Never been in this situation before, so I'm totally curious.

Thanks!

eGo

renovation · Post by **renovation** » Tue Jun 12, 2012 4:45 pm

take it local and hit 2 shops !
they did a thing here on the news a while back .they bought 5-6 of the same item and it turned out locally they got the best prices -the mail in- really screwed them .
the places that said they payed the highest were not. also its such a blind market its really easy to be rip off as a buyer or seller . they had the peices all certified by a guy as to weight and value retail and wholesale before they even tryed reselling them.

renovation · Post by **renovation** » Tue Jun 12, 2012 4:53 pm

ps it was wxyz tv detroit who did this if you want to try and do a search for it.

eGoCeNTRoNiX · Post by **eGoCeNTRoNiX** » Tue Jun 12, 2012 6:37 pm

I'll do that.. I just hate not having some idea of what it's worth.. I have a couple of necklaces, 3 large rings w/diamonds and one with a pearl.. lol.. I guess we'll find out in a week or so. I may just take them to one of the jewelers I've been working with on our wedding sets and see if he can at least appraise them..

renovation · Post by **renovation** » Tue Jun 12, 2012 6:57 pm

eGoCeNTRoNiX wrote:I'll do that.. I just hate not having some idea of what it's worth.. I have a couple of necklaces, 3 large rings w/diamonds and one with a pearl.. lol.. I guess we'll find out in a week or so. I may just take them to one of the jewelers I've been working with on our wedding sets and see if he can at least appraise them..

mile

Koo Koo Mouse · Post by **Koo Koo Mouse** » Tue Jun 12, 2012 7:34 pm

I going to do the same thing soon. I have two gold rings from the first and second wife. Going to weigh them on my works (very accurate) gram scale and do lil math, check gold prices and have somewhat of and idea?
In fact got them out ready to weigh tommorow. Wish I knew more for ya!

normalicy · Post by **normalicy** » Wed Jun 13, 2012 12:18 am

I've heard nothing but bad things about the cash for gold places. I believe that pawn shops are one of your best bets. But the idea to take it to a few places is probably best.

Post by **MidnightSin** » Wed Jun 13, 2012 9:54 pm

Worked for 3 years at a cash for gold place.

Understand that they dont care how it looks or how much labor was put into the piece. Its only about the metal.

Check the current price of gold the day you go in and make sure they are paying you current spot price for your stuff. I have even bought old dental gold with the gold still in it. Take it to the back room and knock the teath out with a hammer and all is good.

eGoCeNTRoNiX · Post by **eGoCeNTRoNiX** » Thu Jun 14, 2012 8:23 am

Yah, from what I've found in further research I will probably get more for it if I have it appraised (I don't know what quality some of the diamonds are) and try to sell it on eBay. I don't "need" to sell it so I'm not willing to let it go for a pittance. If I'm only going to get $100-$200 for it, I'll keep it. heh Thanks for all the input!

eGo

Pugsley · Post by **Pugsley** » Thu Jun 14, 2012 8:56 pm

Most if not all cash for gold places are like automotive scrap yards. They don't really care what it is worth as a car, just its value as scrap metal.