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Where Can I Sell Gold (Not Coins)

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Pillar of the Community
United States
4008 Posts
 Posted 06/09/2011  11:18 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list
Not all jewelry stores rip people off. If you have one in your area that has been there for a long time, chances are that they are OK. You should be able to get a free quote on how much they will pay you for it. Once you have that, you can decide if the deal works for you.
Pillar of the Community
United States
508 Posts
 Posted 06/09/2011  11:30 pm  Show Profile   Bookmark this reply Add Deltron to your friends list
I'm in the same boat with some old pocket watches that I have, got a couple silver and gold ones that I just really don't know where to go with them, as I believe any shops in my area will just prey on my ignorance regarding their value. I don't know enough about them to list them on ebay and from the research I attempted to do, I just feel overwhelmed.
Pillar of the Community
United States
3276 Posts
 Posted 06/10/2011  01:11 am  Show Profile   Bookmark this reply Add murrellington to your friends list
i think I will try ebay first, but I'm not sure if what I have is what I think. can anyone tell me what these markings mean? It looks like 14k gold but then there are those other weird marks. what does this mean?

Where-Can-I-Sell-Gold-Not-Coins
Pillar of the Community
United States
3670 Posts
 Posted 06/10/2011  01:53 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list
You will make out better on ebay after fees and shipping I bet, compared to a shop that really could care less about buying it or not. At least there, you have hoarders, mostly all new and eager to buy, all happy to get a hold of gold even in 14k, probably with visions of selling it to be melted down, or who knows even used as jewlrey as it was designed. Plus, you have a chance they might push each other up on the price, something that will never happen at your local pawn shop....
Edited by Silverhawk74
06/10/2011 01:54 am
Pillar of the Community
United States
3276 Posts
 Posted 06/10/2011  03:30 am  Show Profile   Bookmark this reply Add murrellington to your friends list
do the markings in the picture mean 14k gold or am I mistaken?

and I think I will try ebay, I was convinced.
Pillar of the Community
United States
3670 Posts
 Posted 06/10/2011  03:39 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list
I am not a jewler, but I believe them to mean 14k yes, and I bet the other markings beside it are the personal signature of the jewler who made it. Just a guess....
Pillar of the Community
United States
3276 Posts
 Posted 06/10/2011  03:42 am  Show Profile   Bookmark this reply Add murrellington to your friends list
thanks for the input silverhawk. I was thinking the exact same thing. i'll show photos on ebay and stuff. here I go!
Valued Member
United States
284 Posts
 Posted 06/10/2011  09:54 am  Show Profile   Bookmark this reply Add christian_cyclist to your friends list
I will add my vote to trying ebay, or some other auction site. Like other's said, make sure you are confident that it is 14k gold. I would post that detailed picture of the stamping. Also, weigh it on a scale and take a picture of it on the scale. You'll get with fees from ebay and PayPal but you may come out better than if you sold it to a jewelry store as a ring or scrap.

I had a 14k gold bracelet that I wanted to sell. My coin shop buys jewelry for scrap and they offered me around $23 per gram which is pure bullion rate. I decided to sell it on ebay and initially got $46 per gram. Then the buyer claimed that the clasp is not 14k and then got so mad that she expanded the claim to the entire bracelet. In between all the messages I offered a $75 partial refund for the clasp. Her feedback is 100% and she buys a lot of bracelets so I trusted her. Back and forth it went with the bracelet until her husband stepped in, cleaned it, and told her that it is 14k gold. Whatever. I ended up giving her $75 for the clasp which brought me down to $35 per gram. The problem was that I couldn't see the bracelet first hand anymore so she could say whatever she wants. I was still doing better than $23 per gram but what a headache!

The moral of the story there is that I was not an expert on jewelry and I got a crazy buyer. If it were a coin or a watch then I could have done better since I know what I'm dealing with. Also, I know coin collectors are a lot more sane.

-- Boris
Pillar of the Community
United States
3276 Posts
 Posted 06/10/2011  3:00 pm  Show Profile   Bookmark this reply Add murrellington to your friends list
Thanks forthe info. I just put it on ebay, we'll see how it goes. I mentioned that I believe it to be 14k gold but I mentioned the photo that has the markings so the buyer can judge themselves. that way they know what they are buying.
Valued Member
United States
71 Posts
 Posted 06/10/2011  4:30 pm  Show Profile   Bookmark this reply Add Geardaddy to your friends list
If you have an idea of what it's worth, I'd run it by a few different jewelry stores and see what they say. Just because they make you and offer doesn't mean you have to take it.
Valued Member
Canada
85 Posts
 Posted 06/10/2011  5:06 pm  Show Profile   Bookmark this reply Add crystalH to your friends list
dont sell it to a pawn shop..they really low ball you. I wanted to sell them some 10k scrap gold approx 20 grams. Market value is $400.00 for it and they offered me $200.00. The chances of you getting full market value is slim to none. I sold it on ebay for $330.00. Maybe you should do the same.
Valued Member
Canada
85 Posts
 Posted 06/10/2011  5:14 pm  Show Profile   Bookmark this reply Add crystalH to your friends list
I would like for you to update the thread on how it goes. Make sure when you list your item that you explain shipping fee's if you're going to be shipping to different countries. I recommend selling just to your country. There are always tonnes of buyers and you will get the best price possible because people won't have to pay so much in shipping. If you want examples go to ebay.com and search scrap gold. You will see all the listings available. Once you list your item..it takes about 4 hours actually appear. So be patient. ebay also has 9% sellers fee. Which means if you sell your ring for $150...they take 9% of that. They bill you at the end of the month. I highly doubt you will get market value for it though. Good luck!
Edited by crystalH
06/10/2011 5:30 pm
Valued Member
United States
284 Posts
 Posted 06/10/2011  5:26 pm  Show Profile   Bookmark this reply Add christian_cyclist to your friends list
I would avoid using the word "scrap" in your listing if you can. Sell your gold as jewelry if you can. Jewelry has a bit more pull than scrap which sort of implies "junk" to me. Remember, you are sort of competing for the attention of bidders interested in many other gold pieces.

ebay takes 9% and PayPal will take their share too. For the convenience, it may be worth it.

Go get 'em!

-- Boris
Pillar of the Community
United States
3276 Posts
 Posted 06/10/2011  7:36 pm  Show Profile   Bookmark this reply Add murrellington to your friends list
i'll let you guys know how it goes. Market value was about $150. i'll try to get $125 and i'd be happy.
Rest in Peace
United States
9104 Posts
 Posted 08/21/2011  7:23 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list



They're advertising 100% on 9999 ($1858.72 CAD) plus $175 bonus on packages over $500.

That would make a 10g bar $597.60 + $175= $772.60, about $2402.79
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