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Where Can I Sell Gold (Not Coins)

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murrellington's Avatar
United States
3276 Posts
 Posted 06/09/2011  6:35 pm Show Profile   Bookmark this topic Add murrellington to your friends list Get a Link to this Message Number of Subscribers
I have this ring that is 14 karat gold and I am looking to sell it to get money for my parents who really need it. It is 14k gold like I said and it weighs 5.3 grams so I calculated it to be worth about $153 give or take. Where would be the best place to sell this? who would give me the most and how much do you think I would actually get for it?

I've never sold gold jewelry so any advice would help.
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muddler's Avatar
United States
7194 Posts
 Posted 06/09/2011  6:44 pm  Show Profile   Bookmark this reply Add muddler to your friends list Get a Link to this Reply
You do know that 14 karat is less than 60% gold. Jewelers have used this and even lesser gold content for better strength and durability with use. 24 karat is the reference for pure. I can only think of a pawn shop to sell jewelry.
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murrellington's Avatar
United States
3276 Posts
 Posted 06/09/2011  6:51 pm  Show Profile   Bookmark this reply Add murrellington to your friends list Get a Link to this Reply
i know that, it is about 58% gold content. lots of jewelry is 14k gold. I used that in consideration for my calculations. at 58% gold content and 5.3 grams, the gold value is about $150 for this ring. I'm just asking where I could sell it and about how much I could get for it.
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United States
3184 Posts
 Posted 06/09/2011  7:01 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
sell it here so you don't get ripped off by jewelry stores, cash for gold places, etc
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murrellington's Avatar
United States
3276 Posts
 Posted 06/09/2011  7:03 pm  Show Profile   Bookmark this reply Add murrellington to your friends list Get a Link to this Reply
would anyone here even be interested? it's not coins, and it is 14k.


i don't really ever see stuff in the for sale section that is not coins. would this even be allowable?
Edited by murrellington
06/09/2011 7:04 pm
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swrbxxx's Avatar
Canada
834 Posts
 Posted 06/09/2011  7:23 pm  Show Profile   Bookmark this reply Add swrbxxx to your friends list Get a Link to this Reply
To be honest with you as much of a gimmick most of those cash for gold places are Gold Experts has been nothing but great to me!
Check there rates! The pay is fast and its more than fair!
http://www.goldexperts.ca/rates.php
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murrellington's Avatar
United States
3276 Posts
 Posted 06/09/2011  7:26 pm  Show Profile   Bookmark this reply Add murrellington to your friends list Get a Link to this Reply
i don't know if I want to sign up for all of that just to sell 1 small ring. and that is based in canada...
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throwbackid's Avatar
1283 Posts
 Posted 06/09/2011  9:58 pm  Show Profile   Bookmark this reply Add throwbackid to your friends list Get a Link to this Reply
Is this a trick question? Put it on ebay just make sure it is real.
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numismaniac's Avatar
United States
361 Posts
 Posted 06/09/2011  10:27 pm  Show Profile   Bookmark this reply Add numismaniac to your friends list Get a Link to this Reply
Are you better off on ebay, with the ebay and paypal fees, than you are at a jewelry store or someplace like that?
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Ed_B's Avatar
United States
4008 Posts
 Posted 06/09/2011  11:18 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
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.
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Deltron's Avatar
United States
508 Posts
 Posted 06/09/2011  11:30 pm  Show Profile   Bookmark this reply Add Deltron to your friends list Get a Link to this Reply
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.
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murrellington's Avatar
United States
3276 Posts
 Posted 06/10/2011  01:11 am  Show Profile   Bookmark this reply Add murrellington to your friends list Get a Link to this Reply
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
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 06/10/2011  01:53 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
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
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murrellington's Avatar
United States
3276 Posts
 Posted 06/10/2011  03:30 am  Show Profile   Bookmark this reply Add murrellington to your friends list Get a Link to this Reply
do the markings in the picture mean 14k gold or am I mistaken?

and I think I will try ebay, I was convinced.
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 06/10/2011  03:39 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
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....
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murrellington's Avatar
United States
3276 Posts
 Posted 06/10/2011  03:42 am  Show Profile   Bookmark this reply Add murrellington to your friends list Get a Link to this Reply
thanks for the input silverhawk. I was thinking the exact same thing. i'll show photos on ebay and stuff. here I go!
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