Gold question... I want to sell some old jewelry.

[ARCHIVED THREAD] - Gold question... I want to sell some old jewelry.

Posted: 4/18/2006 12:22:34 PM EDT

Here's the deal. I have some gold jewelry that my ex-wife bought me years ago. Some of it is 10k gold and some is 14K gold. Where is the best place to sell it? What price might I get for it? I have no idea how this works. Hell, I would be happy if I got enough cash to get a couple more mags for my P226. Anyone in the pawn shop or jewelry business out there? Thanks.

Posted: 4/18/2006 12:23:11 PM EDT

[#1]

Quoted:
Here's the deal. I have some gold jewelry that my ex-wife bought me years ago. Some of it is 10k gold and some is 14K gold. Where is the best place to sell it? What price might I get for it? I have no idea how this works. Hell, I would be happy if I got enough cash to get a couple more mags for my P226. Anyone in the pawn shop or jewelry business out there? Thanks.

Appropriate name for this question (Junebug Spade!)

Posted: 4/18/2006 12:28:17 PM EDT

[#2]

Some jewelry stores will buy it back by weight.

Posted: 4/18/2006 12:28:50 PM EDT

[#3]

Pawn shop will usually give you near spot price for gold.

Posted: 4/18/2006 12:31:51 PM EDT

[#4]

Quoted:
Pawn shop will usually give you near spot price for gold.

What's that mean?

Posted: 4/18/2006 12:37:57 PM EDT

[#5]

kitco

spot price right now is 610-620 an oz. of course the 10k would be much discounted, also the 14k. pure gold is 24k, so your jewelry is right around 50% gold. so you'd probably get 300 an oz, i guess. I don't think the other allow metals really add much to the value. silver is around 13-14 so that might get you 305ish for 50% silver, 50% gold. I don't know which metals are used to alloy gold though.

Posted: 4/18/2006 12:38:42 PM EDT

[#6]

Quoted:
Quoted:
Pawn shop will usually give you near spot price for gold.

What's that mean?

The daily market price.

Posted: 4/18/2006 12:39:04 PM EDT

[#7]

Quoted:
Quoted:
Pawn shop will usually give you near spot price for gold.

What's that mean?

Spot price is the market trading price for raw assayed ore, volume may vary, there is a 15% charge and whatever the mint charges for refining and stricking a round or bar.

Posted: 4/18/2006 12:42:24 PM EDT

[#8]

Quoted:
Here's the deal. I have some gold jewelry that my ex-wife bought me years ago. Some of it is 10k gold and some is 14K gold. Where is the best place to sell it? What price might I get for it? I have no idea how this works. Hell, I would be happy if I got enough cash to get a couple more mags for my P226. Anyone in the pawn shop or jewelry business out there? Thanks.

how much does the jewelry weigh?

Posted: 4/18/2006 12:50:31 PM EDT

[#9]

Quoted:
Quoted:
Here's the deal. I have some gold jewelry that my ex-wife bought me years ago. Some of it is 10k gold and some is 14K gold. Where is the best place to sell it? What price might I get for it? I have no idea how this works. Hell, I would be happy if I got enough cash to get a couple more mags for my P226. Anyone in the pawn shop or jewelry business out there? Thanks.

how much does the jewelry weigh?

I don't really know offhand. I should really weigh it.

[ARCHIVED THREAD] - Gold question... I want to sell some old jewelry.

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