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Replies: 23 / Views: 4,285 |
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Valued Member
United States
284 Posts |
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
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Pillar of the Community
 United States
3276 Posts |
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.
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Valued Member
United States
71 Posts |
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.
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Valued Member
Canada
85 Posts |
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.
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Valued Member
Canada
85 Posts |
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
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Valued Member
United States
284 Posts |
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
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Pillar of the Community
 United States
3276 Posts |
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.
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Rest in Peace
United States
9104 Posts |
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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Replies: 23 / Views: 4,285 |