Buyers Of Gold

Frequently Asked Questions

1. QUESTION:
   I have gold to sell. Do those TV announced gold buyers really work or is it better to pawn?
   I received the envelope to send in my gold, but I'm kind of unsure of whether to send it or not. Does anyone know how the pay is?

   • ANSWER:
     Take it to a coin shop. Definitely do not take it to a pawn shop. I know someone who used the envelope thing and she seemed happy with what she got though. Personally, I think you'll get more from a coin place - with the added benefit that you will walk out with cash rather than waiting and wondering if the envelope thing is a scammer.

2. QUESTION:
   Why do gold buyers complain the value of dollar is declining?
   Is that not the reason they buy gold in the first place? or do they want the dollar to rise just like gold?. ???? The problem when the dollar gets back on track then gold will decline... right?

   • ANSWER:

3. QUESTION:
   How much per gram or ounce do gold buyers pay for old gold?
   I know the price of gold is over 00.00 per ounce right now, but I'm wondering what jewelers and pawn brokers pay for your unwanted old gold. Has anyone sold their old gold and know exactly what they were paid per ounce or gram?

   • ANSWER:
     The quoted price of gold (,100 plus per ounce) is for pure gold (24 carats). Most reputed jewellers will pay you the current market price for the pure gold portion of the jewellery. However, since most jewellery in North America is made from lower quality gold (often 18 carats or less), you will get less than ,100/ounce. As for pawn brokers, they may pay whatever they can get away with. I would advise you to talk to more than one jeweller before selling your jewellery.

4. QUESTION:
   Scrap Gold Buyers on eBay: How do you find your treasures and profits?
   eBay is saturated with fine gold jewellery. How do you sift through it all in order to find your pieces? What are your secrets, tricks, etc? I realize some undesirable keywords can be eliminated in search like gold fill, gold plate, etc. But there has to be a better way than scrolling through hundreds of listings.

   • ANSWER:
     Use a tool like this: http://www.offcost.com/ebay

5. QUESTION:
   Will a Gold buyers shop take a Gold plate?
   My mom was looking through some old things to sell and she found three Plates she got for a wedding Gift back in the day. They are glass plates and the rims of the plates are coated with 18 Karat Gold.

   I wanted to know if I brought these in to a place that buys gold to melt down would they be willing to buy them or do they only deal in Gold Jewelery?

   • ANSWER:
     In my experience they only like to deal with gold jewelry or items that are entirely gold. If the plate were entirely gold, I'd say you'd probably be able to do this. However, since only part of the plate is gold, and since the extraction would be somewhat difficult, I don't think they would want to.

     The best thing to do would be to call your nearest cash for gold place and ask them.

6. QUESTION:
   How safe is the internet when useing buyers of gold,is there any standards.jesuit?
   Simply are there any risk or is it that safe as suggested.

   • ANSWER:
     Better to hawk it around shops, to compare offers. Sending it off will probably get you an offer, and a pay out, but you will never know whether you could have got more for it. You cannot value it properly, without knowing the purity; I would not buy it from you on eBay, as suggested, for that reason.

7. QUESTION:
   Whats with all the advertisements by gold buyers on tv?
   I remember the first one i saw was the "cash man" with the extremely cheesy theme song and dancing showgirls in the background, ending with the resounding "OH YEAH" at the end. A few months passed and i've probably at least seen 5-6 other commercials trying to get at the same thing. Its kinda pathetic, im not sure if that's the correct word to describe what i think of them, but i guess its just the imagery of these grown men fighting over this one thing

   • ANSWER:
     There are always people out there ready to take advantage of desperate people or ignorant people looking for some extra money. In a bad economy they seem to multiply like flies. Almost any local jeweler will buy used jewelry and in most cases offer more for it than the TV pitchmen.

8. QUESTION:
   Will Midwest Refineries pay more for gold jewelry than Gold Buyers of America?

   • ANSWER:

9. QUESTION:
   Give me contacts of gold buyers in SINGAPORE. I want to sell gold from Papua New Guinea to them?

   • ANSWER:
     ask in SINGAPORE

10. QUESTION:
    What is the money value of the 50 dollar gold buffalo coin?
    My sister- in- law gave me 10 .00 gold buffalo coins that she purchased 3/2011. Are they worth anything? How much gold do these coins have? Will gold buyers buy them?

    • ANSWER:
      If they are the real thing (and not some sort of copy), they each contain 1 troy ounce of gold, which means that each coin would be worth a minimum of 00 right now, although the "Buffs" usually sell for more than just their gold price.

      As I mentioned, there have been a lot of cheap copies made that are usually just plated with a few cents worth of gold. Copies should say "copy" on them somewhere, but you could always take them to a coin dealer to have them checked.

11. QUESTION:
    Where is the best place to sell broken gold jewelry?
    I have a broken gold necklace and want to sell it. However, I have seen in many news stories that those gold buyers in the mall, and on TV, are scammers and only give you a fraction of the gold's actual worth. Who should I look to sell to? Jewelry store?

    • ANSWER:
      Yes, do not go to one of the places that pay you a portion of what ever gold is selling for via the stock market. The "Cash for Gold" places will scam you for as little as 30% of what the true price of gold is that day.

      Every city has one place in town that pays what ever the stock market (or very very close to what the stock market is that day) is at that day. So if you have an ounce of gold, and gold is at 1,100, they will give you 1,100. They then sell sell it to a guy who melts it down and makes it into rings, and triples the price and resales it at places like Kay Jewelers (huge scam btw).

      So what you need to do is call around to each place in town that buys gold and ask them how much they pay. Usually the best one is just called "Gold and Silver" and is not a pawn shop. A pawn shop will give you about 40-60% on gold. Make some calls. And do not look on Craigslist for a private buyer, they pay about 80% of the true price--all they do is run to the gold shop and make 20% off what you just sold.

      Hope this helps.

12. QUESTION:
    How to we find Gold Sellers in America?
    We are Regal gold buyers, and we buy all forms of gold. How do be find clients online, who are ready to sell their scrap gold to us? We provide the best rate in the whole of America

    • ANSWER:
      I think Online is best for finding a reliable suppliers/buyers contract info for Gold try http://www.hellotrade.com/buyers/ for any buyers info all over the country or research more in Google for finding a better solutions.

13. QUESTION:
    GOLD, How do I get 1450 per ounce of pure gold?
    We have dodgy gold buyers, but how do you get gold price when you hold a few ounces?

    • ANSWER:
      Since you asked about "pure gold", you must be referring to gold coins or bullion. (Most gold jewelry will be 10K, 14K, or 18K gold - not "pure".)

      I understand your apprehension about gold buyers. As a former gold buyer I am quite aware that gold buyers don't enjoy a sparkling reputation. However, we are not all the same. More importantly, even a trustworthy gold buyer needs to make a living. So he would have to subtract a commission from your items' value when calculating his price.

      A few ounces of pure gold or even gold jewelry is worth a bundle right now. I assume you'd rather get the whole price than share it in the form of a buyer's commission. My new book, Secrets of a Successful Gold Buyer, exlains the details of gold buying. It also shares the names, phone numbers, and web addresses of the organizations that gold buyers sell to. You can sell your items to them too - and get the price that the gold buyer gets.

      This book is quite inexpensive comparing to the value of the information. A gold buyer's commission on even one necklace would cost you more than the book. Plus, you can visit my website if you'd like to learn more first:

      http://www.beagoldbuyer.com/

      Secrets of a Successful Gold Buyer is available now on Amazon:

      http://www.amazon.com/dp/0615456081/beagobu-20

      I started as a gold buyer when I found out about one of these companies and sent in a few old silver necklaces. They sent me back a check, and the rest is history. Who knows? You might see how easy it is and decide to move further with it too, whether full-time, part-time, or even through gold parties with friends.

14. QUESTION:
    in the philippines are there buyers of gold bars that weighs 6kg each , how much does it cost each bar?

    • ANSWER:
      A troy ounce is 31.1 grams, thus, there are 32.15 troy ounces in a kilogram.
      You can find the current price per troy ounce here:
      http://www.kitco.com/market/

15. QUESTION:
    Who are the biggest buyers of gold?
    the biggest country that buys gold

    • ANSWER:
      I don't know.

16. QUESTION:
    what company is a reputable gold buyer?
    I have some gold I am thinking of selling. Some krugerrands and jewelry. What commissions should I expect to pay?

    • ANSWER:
      For scrap gold and jewelry i recommend cash4gold:
      http://www.goldintomoney.com/company-reviews/cash4gold-remains-committed-to-complete-customer-satisfaction

      For the Krugerrand, it's hard to say. But your first stop should be coin dealers in your area. You want to shop them around for the best price you can find.

17. QUESTION:
    How much is 4 ounces of gold jewelry worth?
    I would like to sell some gold jewelry that I have. In total, the weight is about 4 ounces. What would this sell for if I were to sell it to a jeweler, pawn broker or gold buyer. Thank you

    • ANSWER:
      4 oz of gold jewelry is not 4 ounces of gold. It depends on if it is 10 k or 22k. I actually just sold some old jewelry through the goldkit.com folks. I got 5 for 2 broken chains, a gold tooth, a completely smashed watch and 2 10k rings. I was happy with that....you can send your jewelry to them and ask for a phone quote. If you don't want to accept what they offer, they will send it back. Shipping both ways is free.

18. QUESTION:
    Is the price of gold jewelry different than the price of gold bars?
    I called a local gold buyer and he told me that the price per ounce for gold jewelry differs from the price per ounce for gold bars. I thought that it didn't really matter. I have pure 24 karat gold items and I thought I could get at least 00 per ounce, the official price for gold per ounce. Is this wrong? Any advice would be appreciated. Thanks

    • ANSWER:

19. QUESTION:
    anybody use empire gold buyers?
    curious as to if anybody has used it and if it was a scam or if they paid you. it says its ok by the BBB. I cant think of the word but if you have experience, let me know before i sent jewelry off

    • ANSWER:
      Keep you gold. They are probably not a scam but they'll pay pennies on the dollar the true worth of your gold. There'll be a day soon when you'll be able to take your gold into a bank, have it weighed and walk out with some of the new currency that replaces the dollar.

20. QUESTION:
    How much would I make from my gold?
    I have 3 - 11oz solid 18k Gold plates. If I went to a local gold buyer/jeweler how much would I make and what percentage of that would they keep?
    I know that the 11 oz is 8.25 troy oz and a little more the 200 DWT.
    Do they keep more then half of what the gold is worth.. Thanks

    • ANSWER:
      Get offers from at least 3 different places. This helps keep the cheaters out that may try to low-ball you. If you live in or close to a decent sized town, the more offers you get the better you'll feel about what you finally accept.

21. QUESTION:
    mygold4cash - buyers of gold, any problems?
    Anyone used these? Any problems, any email addresses that get answered?
    thanks

    • ANSWER:
      Ask at a gold4cash (or equivalent) store for a quotation over the counter. Ask at a jeweller for one there too. He may well offer you quite a lot more. Don't use the envelopes you simply post - I have heard you get relatively little, and if you don't agree with the price on the cheque, it is virtually impossible to get your gold back into your hand. These websites reckons it is a scam.
      http://www.complaintsboard.com/complaints/cash-4-gold-c115287.html
      http://www.complaintsboard.com/complaints/scam-c411468.html

      Keep in mind they want to make a profit out of you. They are taking advantage of people with money problems and aren't going to offer you anything like the real value. I have seen prices for gold items fetch surprisingly high amounts on ebay - sometimes more than I would expect to pay for a new item.

      Edit
      a search for mycash4gold produced nothing. There is another company cash4mygold. It is still a post-your-gold-away system, and I wouldn't touch it. However, an answer to a question on this website praised it. http://bestcanadabrokers.info/tag/sell/

22. QUESTION:
    Deduction of shipping costs in gold and silver buys?
    Can I deduct the cost of shipping and insurance on the purchase of bullion?
    I'm a small buyer of gold and silver bullion and coins. Of course the trick is to purchase at or below market spot (no interest in the numismatic value) however by the time shipping and insurance are added to the bullion it is sometimes well above spot. Can this be deducted as an "investment" expense?

    • ANSWER:
      No, it is not an investment expense. It is part of your basis when you sell it.

      Even if you could use it as an investment expense, it may not give you any benefit. Investment expenses are "miscellaneous deductions," and are reduced by 2% of your AGI. IOW, you don't get any benefit from miscl. deductions unless you itemize your deductions, and only if those deductions exceed 2% of your adjusted gross income.

23. QUESTION:
    who are all these people selling gold?
    i see a lot of ads for gold buyers on tv and i was wondering where are all these people getting gold from all of a sudden?

    • ANSWER:
      Many people have old gold jewelry which they do not wear

24. QUESTION:
    Recommendation for reliable gold buyer on line.?
    I've browsed web site Cash for Gold, We buy Things and Craigslist. Has anyone sold their gold jewelry satisfactorily through any of these buyers on line? Thank you very much.

    • ANSWER:
      cash4gold has a very good reputation, and is the largest buyer of scrap gold out there. Your best option is to shop it around, in the end, you should sell to a metal refiner like cashforgold

      Here's a quick guide on how to do it
      http://www.goldintomoney.com/how-to-sell-online/how-to-sell-gold-and-silver-jewelry-for-maximum-cash

25. QUESTION:
    Looking for Gold Dust serious buyers for our mines in West Africa.?
    On behalf of some mines owners in West Africa (Sierra Leone, Ivory Coast, Mali) I m looking for an established gold refinery in the States, Asia or anywhere else to enter into a monthly contract. If anyone has any kind of information on this I will truly appreciate the help. Please let me know.

    • ANSWER:
      I can't comment on refineries in North America but I'm well aware of the Johnson-Matthey gold refinery in Enfield, London & I'm also well aware of the Rand Refinery in Johannesburg (links below).

      If you are wanting to sell your gold on international markets, it will be necessary to have your gold refined at an internationally respected refinery (as these two refineries are) with their stamp upon it stating it to be 99.999% pure gold.

26. QUESTION:
    How much is 1 oz of 9ct gold worth?
    if i sold it to a gold buyer

    • ANSWER:
      9 carat gold is only 9/24 or 37.5% gold.
      If 24 carat gold is 90 per troy ounce (and a troy ounce is 31.1 grams),
      then one troy ounce of 9 carat gold is 8.75.
      You would get about 80% of that at a coin shop, maybe 50% at a pawn shop, and 20% at someplace like Cash4gold.com.

27. QUESTION:
    Which country produces the most gold?
    Who is the biggest buyer of gold from the biggest gold producing country?

    I hear it is Indonesia that it the biggest gold producer and the US is the biggest buyer.

    • ANSWER:
      The Republic of South Africa is the world's largest producer of gold.

28. QUESTION:
    if no one isn't wearing gold anymore why is there such a demand for it?
    if people are not wearing gold and it is not the latest trend why does gold cost
    so much? shouldn't the value go down for instance cassette tapes are no longer
    desired i can buy one for 10 cents at a thrift store. women are wearing flower
    design necklace i saw these on home shopping network women are the the
    largest consumers if they aren't wearing it it's not the latest trend right
    what are they doing with this gold? the tv gold buyers making some kind of
    device to clean up the oil spill in the gulf wtf!!!!!!

    • ANSWER:
      Gold will always be popular just because it is gold and its high class and stylish to own whether it is worn or not. Gold always comes back into style and thus the high demand for it!
      Gold is cute and classy and will soon come back into style for the younger generations as well.

29. QUESTION:
    buyers of white gold single diamond princess cut engagement rings?
    cost £675.00 open to offers

    • ANSWER:
      are you on the right site ?? think you should try ebay???? by the way the ring sounds great

30. QUESTION:
    how much would a gold buyer buy an ounce of gold for now days ?

    • ANSWER:
      About 00 right now.

31. QUESTION:
    10kt gold necklace and ring?
    how much do you think i could get for selling my 10kt gold necklace and my 10kt gold class ring to one of those professional gold buyers? and how much do you thing a class ring would weigh?

    • ANSWER:
      It depends on the necklace weight and class ring size. Also, what kind of gold used on your jewelry.

32. QUESTION:
    selling physical gold at a good price?
    hi,

    what are the most reputable seller and buyers of gold bullion online? from what i have discovered so far, there is a huge difference in the cost you buy it at and the money you get when you sell it, however it could be that I have been looking at the wrong places. Please let me know the best sources to look at that enable easy and good price selling.

    Thank You

    • ANSWER:
      I think you are finding the fallacy of buying gold bullion. You buy at a premium, and you sell at a discount. You might look at kitco. but I think you've got this problem where ever you buy and/or sell.

33. QUESTION:
    How much would a 8 oz. .999 fine silver sell for? And where can you sell it?
    this is a 8 oz .999 fine silver proof baseball card of Honus Wagner. how much would it sell just for the silver and where could i sell it? would gold buyers buy, or r they strictly gold buyers?

    • ANSWER:
      These commemorative items are from the 1990s, when the economy was strong. Silver was relatively cheap - the average daily price in January 1995 was .75 - so the actual silver value of the piece () was substantially below the value as a collectible. This particular item would have been marketed for a minimum of .95, and the economy, as well as the sports collectibles market in general, was more than strong enough to support that pricing.

      Today, the market has fallen way off for sports collectibles in general (though rare items and vintage pre-WWII sports cards have continued to appreciate) and the value of the silver has far outstripped the value of the collectible. There is no added collector value for this piece. Due to the volatility of the precious metals market (silver has risen 100% from where it was one year ago, and while no one expects it to be back down there any time soon, it can drop dollars per ounce in a matter of days). Therefore, anyone looking to buy this that is not going to hold it will be looking to flip it fast to avoid being burned by one of those sharp drops. So they'll be looking to buy at 85%-90% of the current value. - per ounce. Maybe 0. A local coin dealer that advertises to 'pay top dollar for your gold and silver' is the best bet for this. It's fast and easy.

      But there are a few who do think that silver is going still higher and are buying anything they can get their hands on. .999 silver is the best you can buy, as 90% junk silver and sterling .925 both require refining to turn into pure silver, and the scrap buyers will discount. So a bullion buyer knows this and will pay more than any dealer, maybe even a small premium over 'melt'.

      The best place to find these bullion buyers is eBay. But that comes at a cost. By the time you get done with fees, (about 12%) it might be easier to just sell it to the dealer.

      Let's say the dealer would pay 0. You could get per ounce on eBay, about .50 per ounce premium over market as of now, as long as shipping was fairly cheap, under .. The more shipping is, the less someone will pay for the per-ounce price. So that's 8. After fees, you'd see about 4. Now, if you had 20 or more ounces, eBay is definitely the place to sell, because at about 0, the selling commission tops out at a flat . A 00 sale is going to cost you about 8% and a 00 sale, 5.5%.

      For just 8 ounces, the local dealer is probably your best bet.

34. QUESTION:
    The best deal for Get More Buyers?
    I have searched all over the internet for the absolute best offer.
    So far the best I found was at http://moveto.ws/cyi4qhacu
    Anyone know of a better deal?

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    • ANSWER:
      I'm not sure.

35. QUESTION:
    I've recently inherited a lot of items how do I tell what is of value?
    A relative died and I inherited all of his things and I am trying to determine what of it is value and what is junk. He has a lot of jewerely that looks like gold and diamonds, but how do I tell if they're real or not? Also where should I go to get the best deal selling this stuff. A place like gold buyers? Pawn shop? Or what?

    • ANSWER:
      <>

      Ask a couple of jewellery valuers.

      <>

      A gold buyer would buy gold, and need have no interest in other golden-coloured things. Still, as they're usually also jewellers... You could try that.

36. QUESTION:
    How much is 25.5 grams of 14k white gold worth? ?
    Who is the highest paying buyer of white gold, besides a private buyer?

    • ANSWER:
      Multiply 25.5 by 14/24 to get the grams of pure 24K gold in your sample. My calculator says 14.875 grams.

      Gold is selling for 1.90 per troy ounce, about .00 / gram.

      So based on today's spot price, your gold is worth 14.875 x = 1.33.

      Many people will offer you less than spot price, but nobody will offer you more.

      One online buyer posts what they pay on their website:

      http://www.goldfellow.com

      By the way 25.5 grams = 16.4 pennyweights.

      Grandpa

37. QUESTION:
    How much is my gold worth?
    I'm not very educated when it comes to gold, so I need some advice. Today I took an old 14k gold bracelet of mine to the Gold Buyers kiosk in the mall (similar to Cash for Gold). They determined that is was in fact 14k gold and that it weighed 18.8 pennyweights (measurement used to weigh gold). Their offer was 6. Is this a rip off? I don't know what's a good price and what isn't. Needless to say, I declined their offer to do some research of my own.

    This is what I found (let me know if I'm calculating this wrong)

    1 ounce of pure 24k gold = ,399.28 (as of 12/7/2010)
    1 pennyweight = approx. 0.054 ounces
    18.8 pennyweights x 0.054 ounces = 0.98 ounces

    14k / 24k = 58.3% (14k gold is approx 58.3% pure gold)
    ,399.28 x .583 = 5.78 (price of 1 once of 14k gold, (if I'm doing this correctly))

    5.78 x 0.98 ounces = 9.46

    In conclusion, I feel as though my bracelet is worth 9.46 for just the gold, let aside the value of the bracelet itself (perfect condition, not broken, chipped, etc.)

    Thanks for your time and I look forward to your responses!!!!!!!!!

    • ANSWER:

38. QUESTION:
    Why is Gold so high?
    gold is close to 0.00 per oz. ! Why is the price of gold so high but yet last week I could not get .00 for my 14kt. solid gold Geneve Watch. My inlaws paid 50.oo for this watch in 1990 when gold was much lower. The gold buyers store said that the watch is a real gold geneve watch but it is only worth .oo ! If i invested 50.oo in a mutaulfund in 1990 I would have about 00.00

    • ANSWER:
      invest in pure gold coins or ingots...not 14k jewelry for investments....

39. QUESTION:
    When selling Gold; does anyone pay for the value of the diamonds/ etc. on top of the gold price?
    I have three rings - two 14k yellow gold with diamond clusters close to 1 karat each. The last one is either white gold or silver with blue topaz - london cut. I know from experience to stay away from the pawn shops/ and so-called gold buyers you see on the street. So my choices for selling are down to just a few reputable dealers.

    All the comments I've read center on the metal BUT what about the stones? They are supposed to be 'precious' and they were a major component of the price paid when originally purchased. Now when you sell the ring, suddenly they have no value whatsoever?? Get real! Am I the only one who thinks the dealers are making 'bank' breaking out the jewels and reselling them??

    If I'm wrong, please educate me. I think the public at large is being ripped off,

    • ANSWER:
      Try to sell it to a jeweler. Even ebay would be better than the cash4gold types.

      Jewelry is sold at incredible markups, far more than the stones and metal are worth. The stones should be worth more than the small amount of gold, so a gold-only offer is a huge ripoff.

40. QUESTION:
    Selling Gold Jewelry?
    Hello, my mom is looking to sell some 14 KT gold jewelry for money. A few bullion gold buyers wouldn't buy from individuals but the website USGOLDBUYERS.COM would. Is this website legitimate? Does anyone have any better gold buying websites (that will accept 14 KT jewelry)? What about verification and insurance, I work at a lab so was able to get the exact weight (to the 10th of a millgram) with an analytical balance. How does one know that they will get the same weight agree to the purity (14 Kt)? Once you send it in is there proof of submission and do you have the option to turn down their offer and get your jewelry back?

    • ANSWER:
      Well. spot gold price is 5.70 / troy ounce. Divide by 31.1 grams / troy ounce, then multiply by 14/24, because of the 14K. So the gold in your jewelry is worth .30 / gram. Probably a bullion buyer will not offer you more than the spot value, and may offer you substantially less.

      You can check spot prices anytime, they change often:

      http://www.kitco.com/

      Grandpa

41. QUESTION:
    Selling gold to precious metal buyers...?
    I have just started importing gold into the country and its proving difficult to find info of buyers apart from local jewellers. Any one knows where I can find companies that buy precious metals?

    • ANSWER:
      http://www.allamericangold.com

      I deal with them and they are very good.
      Today gold is 8.00 oz.

42. QUESTION:
    Looking for a buyer for Gold Dust?
    I have quite a large amount of Gold Dust that I need to sell. However, Ive had a very hard time finding a buyer. Does anyone have any "real" companies that would be interested in buying Gold Dust... not Gold Scraps, Gold "Dust"?

    • ANSWER:
      how about ebay

43. QUESTION:
    How many of you are actually at work?
    I am the store manger of a Gold Buyers Business, and its flippin slow. What do you do?

    P.S. If you don't have a job, dont leave lame answers

    • ANSWER:
      I am - but I work for myself, at home - so I can screw around on Answers for an hour or so every day. It's cool when, if the boss don't like it, I can tell him to go to hell and he can't do a thing about it!

44. QUESTION:
    Selling gold question?
    I have old 10k rings that are either missing stones or i just dont wear or plan towear. anyways. i plan to take them to a local gold buyer. If they have jewels on them, how will it be weighed? Dothey take the jewels off? If they take them off and I decide not to sell then what? am i stuck with pieces of jewelry? I would just like to know before I go tomorrow. I plan on selling for any price they give but just curious about that question.

    • ANSWER:
      We have a good friend that owns a gold and silver exchange. They are going to pay you the weight of the gold based on the price of gold that day - they don't care about the stones. It makes me crazy to hear him talk, but even if it's got a 1/2 karat diamond, they don't care because it isn't worth enough.

      They won't remove the stones for you and give them to you at a gold and silver exchange. They will just pay you for the gold weight. All they are going to do is melt down the gold anyway. So, you just have to decide whether you are happy with the price they offer you and to take it, or keep your jewelry.

45. QUESTION:
    where to sell gold bullion / dore from dental scrap gold to?
    I've melted lots of dental scrap into an ingot / gold bar and refined it using a home refining system. its 99.98% gold. where can i sell it to? I saw others on Ebay which sold for a lot less than the gold spot price (ie, spot was /gram and other home-made bars were selling for roughly /gram only) The only ones selling for a good price were the stamped ones from Metalor, Suisse, etc. Since I made it myself, what do I do with it? I tried selling some before to refiners I found online like Midwest Refineries and Garfield, but the return was NOT as advertised. They claimed I would get 94%-96% of the value but they really only gave me like 60% - scammers, to say the least. Anyways, does anyone have experience with a reputable gold buyer for non-minted gold bullions? Allso, I have a good amount of palladium which is about half the price of gold - who can buy that at a good price? Thanks
    im dealing with about 50 oz. what is the minimum for a known refining company to refine my gold, and do you know what rates they charge?

    • ANSWER:
      Many coin dealers will buy bullion. You might also try jewelry stores (real jewelers, not the places in the mall).

46. QUESTION:
    I need legitimate and financially capable buyers of precious metals like gold bars,etc.,how do I contact them?
    For interested prospective buyers of precious metals in big volume,I can send them the project perspective and proposal for their evaluation upon request.

    • ANSWER:
      Good luck with that.

47. QUESTION:
    What's the difference between 14k and 14kt jewelry?
    We sent a bunch of gold jewelry off to a good gold buyer and they sent back some bracelets that were clearly marked 14k mexico, 14k Italy. Was just wondering why they would send some back but buy over 0 dollars worth of gold and silver???

    • ANSWER:
      I'm sure they sent the pieces back because they weren't gold. The karat markings have nothing to do with what's really in the metal.
      One can purchase a karat marking stamp and stamp their currency or their car or any other metal objects, yet those heretofore steel, copper, nickel, etc. objects aren't magically transformed into gold by virtue of a stamping.

48. QUESTION:
    How can I get the most money for my gold?
    I have a few ounces of 24 Karat gold for sale. 24K gold spot price is currently ,400 an ounce but many of these sealers only want to rip me off by offering 450-900 an ounce for my gold. Are there any buyers whio pay in the ballpark of 10 or 15 percent below spot price. I understand they need to make a profit but not by ripping me off

    • ANSWER:

49. QUESTION:
    Are there still Egyptian gold in private families today, passed down from tomb raiders and buyers?
    THERE'S GOT TO BE. They can't ALL be in museums. And I'm sure tomb raiders and such kept passing it down until some 21st century girl today has it in a glass case at home and looks at it with fond memories of her no good thieving great-great-great-great-great-great-great-great-great-great-great-great-great grandpappie.

    • ANSWER:
      Lol at great-great-great grandpappie.
      I think so too. There has to be. There are private collections that we've heard about or it's in museums. But the ones unaccounted for must be currently held onto in secrecy, in a private private collection. It's interesting to imagine how it was passed down through the families. Actually, it's hard, but I imagine there's still gold in private families.

50. QUESTION:
    can I sue to get back my stolen items from a gold buyer?
    I was robbed while I was out of town. When I got home I found a thief had stolen gold and jewelry. I called the police and filed a report. The police found the 'we buy gold' place that bought my stolen items. They said I was too late, because it had been 30 days and the buyer had sold the items.... He bought a double eagle 1 oz gold coin from the thief for 1300.00.......The only ones I can find for sale are 2000.00+..Can I sue the buyer for the price of the items?

    • ANSWER:
      Probably not.

      Good faith purchasers for value (also called bona fide purchasers for value) are protected from civil liability.

      If you can prove that this store was NOT a good faith purchaser, meaning you have to prove that they knew or should have known the items were stolen, then you have a cause of action against them.

      But if the store obtained personally identifying information from the person who sold your belongings and has turned all of that information over to the police it is very unlikely you will be able to prove they were not acting in good faith.

      I'm sorry. I know this is unfair and frustrating. Hopefully the thief is caught and prosecuted - the thief would be ordered to pay you restitution.