I went through my jewelry box and found some junk gold ( clasp's, pieces of a necklace, old broken rings) and found a bracelet that i had found at work 10 or so years ago(no one ever claimed it). Looking at the bracelet and i wasn't quite sure if it was real or not.
So i went to my FFL guy who is a pawn broker and asked him to acid test it and all of the other junk pieces. Turns out that the bracelet is 14kt and the total weight of the junk gold was 22.7 grams and all of it is 14kt. My FFL guy offered me $500 ( felt like i was on pawn stars for a moment) and i declined his offer and thanked him for the acid test.
I went home and did the calculations for my junk gold and it came to $744 at a gold spot price of $1748. This got me to thinking about finally going ahead with the purchase of a DSA FAL. I'm thinking of holding off on selling the gold for a little while, cause i'm pretty sure that gold is not done bubbling up yet. So when i am ready to sell my junk gold, what would be the best way to sell it and get the closest to spot pricing on it ? I know that all of the "Mr. Gold buyer" type stores and mail in programs will try to rape me and offer 50% or less of the spot value. I have thought about ebay and that may seem like the best way to get as close to spot as possible.
So does anyone else have any better ideas on how to sell my junk gold for as close to spot as possible ?