sell ur gold ?

[UNC]

so when yall sell ur old rings and things where do u sell it would appreciate the feedback ?

[ERnurse]

Coin shops, Pawn shops, Jewlery stores, some places advertise to buy gold.

[EBCIII]

I have heard very good things about this place, Beale.

Gold metals page of Midwest Refineries web site with information about types of gold materials we are refiners, buyers and smelters of, payable percentages of scrap gold, settlement options and images of gold metals in various forms

[Dylan]

A jewelry store probally..

[Steve in PR]

I have used Midwest Refineries. IMHO, they offered the best and clearest terms. You need to be careful regarding the "mark-down" or commission that some places use. They can put you at a distinct disadvantage.

Gold Kit, for example, does not specifically mention anything about what they take as fee or commission on their website. At least, I could not find anything mentioned there.

When dealing with some jewelers and some merchants, you must make sure that their terms and conditions are clear.

Like any sort of business transaction, do your research. Make sure you understand how much actual gold your items contain. In other words, understand that 10 karat gold is 41.7% pure gold, 18 karat is 75%, etc.

This means weigh your items and compute their actual gold value based on their purity and weight.

PS: It is also claimed that some people sell their finds at auction and receive substantially more than the weight value of the item. This has it's risk and rewards. Not for everyone but, again, educate yourself about the potential pros and cons, like everything else.

Ask to be notified of their estimate BEFORE you agree to sell them your gold.

Look out for your own interests and if the deal does not seem right, don't sell it.

[smartfox]

This is an interesting post. I asked the same question last time. My dad told me that a pawn shop always gives you 1/3 of the value on an item so I do not think that is wise. That is only 33.33% of the value. I think when I get time I will try to go to 2 or 3 places and shop around until someone gives me the best price. I also want to invest in some kind of system or kit to determine the value of gold, silver, diamonds, etc. so that way I know the real value beforehand and of course like everything I will go a couple of dollars under the current value market so that person could make some profit but what I do not want is to get stiffed.

[bdahunter]

I am in complete agreement with Steve, Midwest Refineries if you want to have your gold melted down. You can recieve your pay out in the form of a cheque or in precious metals be it coins or troy oz. bars.
Before you send all of your loot to the refinery you should examine each piece and determine whether the jewellery value is significantly greater than the gold value. It may be worth your while to sell it on E-Bay or other auctions. The piece should not be engraved, in very good condition and be a saleable item. Plain gold bands go to the smelter, virtually all silver goes as well, ornate jewellery I tend to keep and Platinum I never part with.

Cheers,

BDA