Sell Your Gold Jewelry

Frequently Asked Questions

1. QUESTION:
   what is the best to sell your gold jewelry in new york and new jersey area?
   it's recession. not finding job to trying to sell my jewelry to bring food on the table.

   • ANSWER:
     The gold and jewelry district in New York is based on West 47 Street, between 6th and 5th Avenue. Lots of small jewelry stores. You can't walk down the street without being approached by a hawker (some may be con men), asking "Have any jewelry to sell?"

     Here's an article about the area. I can't say whether they provide the best prices or whether all of them are honest, but at least there are a large concentration of potential buyers there.

     http://www.nyc.gov/test/nextstopnyc/html/neighborhoods/diamond_district_main.shtml

     Better bring proof of ownership, or they might not want to deal with you, thinking that you might have stolen merchandise.

2. QUESTION:
   What's the best way to sell your gold plated jewelry with swarovski crystals?
   I have a few really nice pieces of gold plated jewelry, mainly necklaces with pendants and some earrings/bracelets.. A couple have a beautiful heart shaped swarovski crystal. I am looking to sell it and not sure where to advertise/ how to let others know about the product. The pieces are beautiful, won't tarnish and look expensive. I am willing to sell them for a very reasonable price, any ideas?

   Thanks in advance!

   • ANSWER:
     ebay or cash for gold

3. QUESTION:
   Where is the best place to sell your gold jewelry? Or to sell gold?

   • ANSWER:
     I don’t know what cash4gold will pay. I do know from my past experience, that I sent them a scrap jewelry ring and they paid me .26. I rejected the offer and they returned my ring promptly. I then found another company, http://www.captaincashforgold.com/ that paid me 3 for the same ring!! and they enclosed a track able Fedex pack along with 0 insurance as opposed to some crappy envelope from cash4gold that you cant even track. I really got burned a couple of times using a couple of different cash for gold companies but with http://www.captaincashforgold.com/ I feel I finally found one that I could really trust with my valuables.

4. QUESTION:
   Is it better to pawn your gold jewelry or sell it to a cash for gold place?
   I need some extra cash and wanted to get rid of some gold jewelry I never wear. I don't know which would be more profitable... Pawn Shop or Cash for Gold store.

   • ANSWER:
     Neither, Consumer Reports has some good advice on selling gold:

     "The Consumer Reports Money Adviser compared what one of the television companies offered for a gold band a couple of years ago with what a local jeweler and an on-line gold buyer would pay, the TV company paid a much lower price. Instead, take your gold to a reputable jeweler in your area for an appraisal. Note the carat of the metal, and ask the jeweler to tell you the weight in pennyweights or troy ounces. Use this online calculator to figure out the value based on the price of gold that day.Then quickly (because prices fluctuate) call several jewelry or coin stores and ask how much they pay for gold. Aim to get about 85 percent of what you calculated it’s worth. "

5. QUESTION:
   Have you or anyone you know sold your gold jewelry for cash?
   Do you think you got a fair amount for your jewelry?

   Would you recommend it to others?

   • ANSWER:
     in most places you will loose considerable
     you will get a better deal when you purchase new jewelry
     I would try the diamond district in NY city
     http://www.diamonddistrict.org/

6. QUESTION:
   Would you sell your old gold jewelry....?
   There's a legit jewelry store in the NICE side of town that is buying gold jewelry. When I called today she encouraged me to come in. I have lots of old rings, bracelets, and necklaces that I don't wear and don't want to wear anymore. The only problem is that some of them have stones in them. I asked about that and she said they weren't buying gems right now. So I asked if they would take them back and give them to me.... she hesitated and said they COULD take them out, but there might be a charge for it depending on the degree of difficulty on getting the stone out. Well, in other words, they just keep the stones for free and then probably turn around and use them? Is this standard practice?

   Would you sell your old jewelry?

   • ANSWER:
     Weird. There are tons of jewelers who buy gold here. In fact I recently had a gold buying party. And my husband sold his class ring. He had a ruby in it and we asked if they could take it out and they said yes and did not charge me for it. I made 0+ dollars from selling all my gold at that party and I made another 0+ from the 10% I got off the other gold that was sold at my party. I highly suggest it if you don't use it anymore.

7. QUESTION:
   Is this still a good time to sell your gold (eg jewelry)?
   If so, where is the best place or way to sell it? (I live in CA)
   Thank u!

   • ANSWER:
     ANY LEGIT COIN SHOPPE
     going much higher and you should not sell

8. QUESTION:
   Can you sell Your own gold to a jewelry store?
   I might sell my gold and idk if ifngood to sell it there or the pawn shop??

   • ANSWER:
     Not to the pawn shop, they offer slightly lower price, whereby they will sell the items as second hand goods to make profit in the case of no redemption.
     A goldsmith or jewellery store may be a better alternative, they have the resource to recycle the gold into new items for better price.

9. QUESTION:
   where is a good place to sell your gold/silver etc. Jewelry?
   a place where they will pay you the best highest price

   • ANSWER:
     Any potential buyer will evaluate your jewelry for gold content, then offer you somewhat less that the spot value of the gold in your jewelry.

     You might get an appraisal at a jeweler so you have some idea of the value.

     Grandpa

10. QUESTION:
    We see lots of places willing to buy our gold jewelry for lots of cash. Who is buying the gold from them?
    If you sell your gold jewelry at one of those places that buys your gold, who buys the gold from them? It looks like there is a demand for the gold and we just don't know about it and seem to be selling our gold jewelry at these places. The value of the dollar is declining and it's no longer backed by gold. What happens if the dollar collapses?

    • ANSWER:
      They are hoarding it. They will not pay you a fair price either. You are better off selling at a garage sale, online, or to a person. The ones that are buying it up now are speculating that the price will go sky high and it will. Keep it if you don't really need to sell it.

11. QUESTION:
    How do i sell my gold jewelry?
    I have plenty of real gold jewelry.
    I am only 14 years old.
    I need money.... and i cant get a job yet.
    So, how does this whole selling gold work?
    At the mall near me [LINCOLNWOOD TOWN CENTER] there is a stand and it says "we buy your gold here" and i was wondering how does this process work?
    how do i sell my gold?
    my gold is real, its not that cheap crappy junk.

    • ANSWER:
      You should go to more than one pawn shops and ask how much they'd give you for the gold so you don't get ripped off. But if you look 14, maybe it'll be better if you go with an adult.

12. QUESTION:
    how to open a shop to sell coins & gold & jewelry?
    help! some things aren't clear to me, i know that you can sell your precious silver and gold coins on ebay or other retailer(coin shops)
    BUT what i dont know is that do you need special certifications or anything else to open your own coin shop to sell and buy jewelry, silver or gold

    sue-

    • ANSWER:
      Inquire at City Hall of your town.
      Suggest you also write a business plan before you open your doors.
      Also: Are you educated in precious metals and numismatics?
      Very serious prerequisites....if you hope to derive a Profit.

13. QUESTION:
    Where is the best place to sell old or broken gold jewelry?
    I have been looking at selling some old and broken gold jewelry. I have looked at the websites of several places you can mail your gold to. The prices beat pawn shops. How much can I expect to get per ounce of 14k gold and has anyone had any good or bad experience in selling their gold?

    • ANSWER:
      You can get a rough estimate here: http://www.goldintomoney.com/calculator

14. QUESTION:
    Where can i sell my gold jewelry for cash?
    I live in Long Island, NY and I was wondering where there are places that give you cash for your gold jewelry. Also, how much can i get for it? How does this work?

    • ANSWER:
      My friend wanted to do the same thing.
      She did a lot of research, and she found a great place online. I will provide the link for you below if you are interested.
      She compared a lot of places. She felt good about this one because it was featured in USA Today, and she liked the fact that they are members of the BBB.
      They were willing to give her the best price for her gold, and they were willing to pay her fast.
      There is a ton of information on that site if you would like to check it out. You can put in your information if you would like to find out what you can get for your gold.
      Good luck, I hope you get they money you want for it!

15. QUESTION:
    Best way to sell gold jewelry?
    I have a lot of gold jewelry, some of which is damaged but suspect that it is worth more melted down than in its current form. Where does one go to sell gold like this without being ripped off? If your advice is to use Cash4Gold, then please don't bother responding.

    • ANSWER:
      You are never going to get market value for your gold. A lot of people forget that it is a business and there are expenses. About 2% of the gold immediately evaporates upon melting, market price may drop, rent, assay fees, permits, labor, taxes, etc etc. Also market prices are based on 1,000 ounces of bullion (bars, coins etc) on a trading level.

      If you have one ounce of jewelry, and gold is ,000 a ounce you don't get ,000 for that jewelry. Most jewelry is 14k gold and that is only 58.5% pure gold.

      10k- 41.7% Gold
      14k- 58.5% Gold
      18k- 75% Gold
      22k- 91.7% Gold

      I am a refiner and diamond buyer in Florida, and will give you the information you need to sell your items without getting ripped off.

      Gold (Based on todays price of 3/oz)- 10k- gram, 14k- gram, 18k- gram.

      Silver- 925/Sterling- a ounce.

      This is the absolute least you should get per gram. A lot of place buy it according to pennyweight (DWT) to convert grams to pennyweight just multiply the gram price by 1.55.

      I pay around 6% more than the numbers I listed above for 100 grams of gold OR LESS, if you 100-200 grams I pay 10% more than the prices above, 200 grams or more 12% more than the prices above.

      I buy from jewelers, dealers, pawn shops, and the public all over the country. If you know the approx weight and karat of the gold I will pay you PRIOR to you shipping your items using paypal. If you dont have a scale I send them to customers FREE OF CHARGE! If that sounds like something you would be interested in doing call me anytime. My number is tollfree. (877) 487-1386. Either way I hope you get a fair price no matter who you sell it too. Just Do YOUR RESEARCH!!!

      A few last things. If you have any gold or silver coins or bars (bullion) you should get about 1%-2% below market value if they are pure gold (most are) since they do not need to be melted.

      Also now is NOT the time to sell anything but gold, silver or platinum. If you have diamonds (larger than a 1/2ct), or a high end watch, KEEP THEM IT!! Wait until the economy rebounds a little. You would get half of what you would of got 6 months ago for them!!

      Hope this helped.

16. QUESTION:
    what is the best way of selling gold jewelery ect. that will give me the most profit?
    I learned that when you sell your gold jewelry to a regular jeweler that buys "estate jewelry" that before it comes to the final buyer it will be worth 3 to 6 times the amount I was paid for it. So how do I bypass all of that to get the fair amount and value???

    • ANSWER:
      eBay or Consignment

      ---
      Kasey C, PC guru since Apple II days
      Don't take life too seriously; you won't get out alive.

17. QUESTION:
    Which in your opinion would be better, sell my gold jewelry online or take it to a jewelry store?

    • ANSWER:
      I would recommend http://www.mycashforgold.info
      It is a great company, and they have a great reputation also.

18. QUESTION:
    Have you sold your old gold jewelry yet?

    • ANSWER:
      I have. Got a great price for it as well. If you're looking to sell old gold jewelry then you can use one of the companies on http://www.goldintomoney.com

19. QUESTION:
    what are the information needed from you when you sell your jewelry in a jewelry store?
    i want to sell my white gold necklace w/c is a gift for me but i dont like it...if i sell it to a jewelry store, are they going to ask for my personal info. like, name, add, bday etc? thanks!!!!

    • ANSWER:

20. QUESTION:
    Best place to sell jewelry?
    What is the best way to sell your gold and silver jewelry for the highest profit?

    • ANSWER:

21. QUESTION:
    why are there so many places out there buying all your gold/silver jewelry all of a sudden?
    i noticed lately that so many places are looking to buy your old gold/silver jewelry at decent prices. i also see a lot ads in the papers/periodicals that are looking for the same thing. whats the deal? if i wanted to sell back some of mine, what should i look out for? how do i know i am getting what i should and not ripped off?

    • ANSWER:
      Look out for companies that ask you to mail your gold in.
      Clark Howard from CNN.com has a scam artilcle on this.
      You mail in your gold and you get about 1/3 to 1/4th of the value you would get at any pawn shop or local jewelry buyer.
      If you want to sell, stay away from anything online.
      Leave it for the dummies to mail in their gold and accept whatever offer they get - they will never know if they got a good price or not.
      Get three estimates from local stores and sell to the highest bidder.
      /

22. QUESTION:
    Is there a way to tell if your jewelry is real gold or costume jewelry? Some kind of test to do at home?
    I have lots of old jewelry and do not know
    if it is 'real' gold or not.
    I would like to sell the real gold for 0. an ounce
    if that is what it is still going for!
    But I don't know how to tell which is which.

    • ANSWER:
      I heard that if you put gold in water overnight that if it is fake it will change color. If you have a respectable jeweler you know in the area they will be able to tell you. They will also do appraisals for free for you so they will be able to tell you exactly how much something is worth.

23. QUESTION:
    When is it okay to sell your jewelry box contents?
    I hate jewelry but I have a nice collection of expensive gold and diamonds given to me by my late grandfather, my mother, my husband, etc. I was thinking of selling it. Do you think that's okay?

    • ANSWER:
      I'm going to disagree with the other posters. The jewelry is YOURS. Now do think about how you will feel when it's gone but it is yours to do with as you please.

24. QUESTION:
    I NEED TO SELL MY GOLD JEWELRY!!!?
    I really need noney right now and i was wondering if anyone new what services on the internet like "Cash for Gold" will give you the most money for your gold!

    • ANSWER:
      You will likely get the best price dealing with your local jeweler. If your selling simply on gold content they'll go by the spot price (What gold is trading at when you sell it) Dealing locally you'll avoid the shipping charges and get paid on the spot.

25. 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

26. QUESTION:
    have you ever sold your scrap gold or silver jewelry before? how much did you get for it?

    • ANSWER:
      i sold my engagement ring when i dumped the jerk. got 1500 for it.

27. QUESTION:
    Best way to sell used jewelry?
    I have two high quality pieces of jewelry I need to sell- one a platinum ring (recently purchased for 00) and a white gold heart pendant with stones (not sure what kind- or the amount it was purchased for)

    eBay looks flooded with auctions and "sell your old jewelry" websites/companies look scammy and I'm certainly not good at haggling with a pawn shop. Suggestions?

    • ANSWER:

28. QUESTION:
    Where is a good place to sell jewelry in WI?
    Hey, I need some help. I have a diamond watch and a diamond ring, that I need to sell, and I have a couple gold rings that need to go too. So I was wondering if there was any good place. I hear that jewelers will buy your jewelry? Is that true? I need some major help, I'm trying to get money to go somewhere and yeah. Well, if you could help that would be amazing!

    • ANSWER:
      Don't go to any pawn shops. I don't know of any jewlers that would buy your jewlery from you. I can't think offhand of any places that would buy it....you might be better off selling it on ebay.

29. QUESTION:
    I am looking for your results when working with an online gold buying company?
    I need to sell gold - old jewelry so I am looking for what you sold, how much you got, timing on payment, why you decided to work with the particular gold buyer that you did and if you would work with them again. There are so many gold buying companies out there so any actual experiences would help me decide who to sell my gold to. Thanks!

    • ANSWER:
      This company is very well known for buying gold:

      http://www.shareasale.com/r.cfm?B=185538&U=366479&M=23357

30. QUESTION:
    Can I sell my jewelry?
    Did anyone see the commercial on TV where you can sell your gold AND old cellphones? I forgot the name of it.

    • ANSWER:

31. QUESTION:
    Do they have gold partys here in Canada for selling your jewellery?

    • ANSWER:
      they do, check the web site to find a consultant

      http://www.silpada.ca/public/home.jsf

32. QUESTION:
    How and where do i to sell some gold jewellery for cash?
    hi
    i recently received some very pretty looking jewellery for my 16th birthday. But now i want sell some of those jewellery to get some cash money. i don't want to sell the stuff through postage or through online stuff.
    i just need to sell the stuff in some shops or in websites that give you cash straight to your hand.
    So can anyone help me?
    thaks

    • ANSWER:
      Pawn shops or places where they sell old jewelry, but they may have to melt them down no matter how precious yours are. Others will sell them as is, if they're in tip top shape and are antique.

      Ex: 0 you will be lucky to get cash. Don't send them out by mail, you'll never see your cash money.

      Also put an ad on craigslist, but have someone WITH YOU go meet them in a restaurant or someplace public, for collectors, you could get lucky!

33. QUESTION:
    Where can I sell my gold, silver, platinum jewelry?
    I was cleaning house the other day - a spring cleaning so to speak... and found all this old jewelry that I haven't worn in years.. you know that show on tv - finding treasure in your attic... that's how I felt... now the question is what do I do with it... I have a few watches, gold & silver earrings, chains, rings & pendants...some of it is broken... will they buy that? Help me turn my find into cash.

    • ANSWER:
      My friend wanted to do the same thing.
      She did a lot of research, and she found a great place online. I will provide the link for you below if you are interested.
      She compared a lot of places. She felt good about this one because it was featured in USA Today, and she liked the fact that they are members of the BBB.
      They were willing to give her the best price for her gold, and they were willing to pay her fast.
      There is a ton of information on that site if you would like to check it out. You can put in your information if you would like to find out what you can get for your gold.
      Good luck, I hope you get they money you want for it!

34. QUESTION:
    where can i sell silver jewellery in London,UK?
    Every where i go its sell your gold but not silver ;-( or is there any online stores that could be recommended?

    • ANSWER:
      You could try Portobello Road.

35. QUESTION:
    What did you do with all the things your ex-boyfriends gave you? Do you think it's wrong to sell old jewelry?
    I was just wondering what you all did with it. I'm thinking of selling this white gold and diamond necklace on ebay that one of my ex-bfs gave me. Does that mean I have a cold heart?

    • ANSWER:
      That does not mane you have a cold heart at all. You don't want the necklace anymore and there is nothing wrong with it. He gave it to yours so it is yours to do with whatever you please. It would be a different story if he is your boyfriend now but he's an ex. You probably don't want to continue wearing it and have to think of your ex each time that you do. Don't feel bad about whatever you choose to do. getting rid of it does not mean you have a cold heart at all.

36. QUESTION:
    Has anyone ever pawned your old jewelry?
    I went in today to sell my ex's bracelet and gold chain and wedding ring and two other gold bands. The guy said he would give me . The bracelet and necklace were over 2 ounces alone! and I know that three of the rings diamonds were over 3/4 karats in each ring. I wasn't trying to pawn just get rid of it. I was told over the phone that they were worth hundreds of dollars, different story once I got there. Anyone know what the average going for most gold jewelry?

    • ANSWER:
      Try here: http://www.americangoldandsilverexchange.com/what_we_pay.cfm It will basically tell you what your stuff is worth. I used these guys about a month ago and was happy with the money they paid.

      ...of course this isn't a pawn shop so you cant get your items back. However, I was happy with what they paid me for a few old necklaces and 2 diamond rings.

37. QUESTION:
    selling my gold jewelry, need help!?
    Hi, I bought a gold necklace with a cross on January 2008 which cost me 600 dollars. I am planning on selling it since I don't use it anymore. It has a very small dent on the cross with lots of inevitable small scratches that are only noticeable up close.
    About how much do you suppose it'll be worth about now? (give me your best guestimation)
    To sell it, do I just go to any pawn shop and ask the person how much they're willing to pay me for it?

    • ANSWER:
      what's the carat of the gold necklace and what's the weight of that item? Get help from local jeweler about these. You can try to sell on ebay, amazon or Craigslist, but don't go to pawn shop, they offers very very low price for jewelry...

38. QUESTION:
    Gold Processing and Selling?
    Question 1:

    Please could someone give me a "comprehensive but simple to understand" way of processing gold dust into bars(at home or at a goldsmith). I heard to sell the gold, it must be certified... is this true and who certifies it?

    Question 2:
    I need information on how to sell the gold bar after I have done everything right from the first question at close to MARKET PRICE as possible. For example: Do I sell the bar to jewelry stores or are there gold dealers that buy the gold close to MARKET PRICE? Also where is the best country to easily sell your gold. I heard Dubai, how true is that...

    Please need clear, easy to understand answers. Thanks a million everyone.

    • ANSWER:
      Put the gold dust into a metal pot and heat (according to melting point of gold which you can find on internet). Make a mold in the shape of a rough bar (doesn't really matter). You should be able to get some release medium to line the mold. You need to take the bar/s to an assayer to be assayed as to it's purity.
      I think they are some jewellers who are authorised to do this. (Hatton Garden in UK) or someone like Johnson Matthey.
      It might be best to identify your buyers first so they can tell you in what weight or form they would prefer to buy.

39. QUESTION:
    where do you take prospected gold to to get asseyed or sell it to?
    all you hear on tv is send us your old jewelry ,coins etc. but nothing about prospected gold. in nh i can find the gold but no one to take it to. does any one have any ideas?

    • ANSWER:
      I took it to the Gold place in our local mall. I live in Edmond, OK. I got about 00 the first time, and went back two more times for a total amount of k. It's a great deal because the price of gold is very high right now. Do a little research on the internet to find out which gold buying business in your area is paying the highest per gram and take it there. You will get paid right there on the spot. Good luck!

40. QUESTION:
    Where to sell jewelry?
    I have 2 rings I want to sell. 1 is a small diamond ring (worth 0) the other is a tanzanite ring with diamonds m(worth 0)...
    Neither of them are very old, they are in great condition- I just dont know where to try to sell them.
    I'm not overly fond of pawn shops. I don't think I'll get anywhere near what they're worth and I don't like the untrusting "mail your gold" type of ads.

    Any ideas? Can I go to a jewelry store and do a sort of ....trade in?

    • ANSWER:
      You can try selling your jewelry in a jewelry store, if its really good u will definitely get a good price for it.

41. QUESTION:
    Selling gold/silver jewelry OR coins - mailers, coin store, or goldsmith/jeweler?
    With all the hype about selling gold via the mailers you hear about online, TV ads, etc. is it really a good deal. Wouldn't it be better to go to a local coin store or a goldsmith/jeweler? If you take your coins to the goldsmith, then you are getting only the value of the metal, not the overall characteristics of the coin. Yet, if you go the coin store, you may not get what it's worth...any advice would be nice.

    • ANSWER:
      Regardless of the way you decide to go, if you go uneducated about what you have, you're going to come out the loser. The mailer business is for those who know nothing and don't care, just want the money in their hot little hands as soon as possible. They deserve to get taken, and they will.

      You're right about a goldsmith, because they want the gold or silver to make into jewelry, and because they can't use it for jewelry in coin form, or from old jewelry, they have to have it refined into a form they can use. Any offer they make to the seller will include a deduction to cover this cost.

      If you go to a coin dealer, you WILL get what the coins are worth...to the dealer. Dealers are in business to make money, not buy coins from you and turn around and sell them to a collector for what they paid you. Dealers will try to buy as cheaply as possible. Wouldn't you? Therefore, it's up to you to know exactly what you have. Most silver coins and many gold coins have no numismatic (collector) value above the value of the precious metal. The ones that do are evaluated by grade, so you need to know something about that, too. You need to research what you have by looking at eBay sales, reading coin magazines and looking at the ads with 'buy' and 'sell' prices. If you can find it, get hold of a current 'graysheet' - that's the wholesale prices that dealers are willing to pay to other dealers. Any offers you get are going to be below wholesale.

      If you want closer to retail, the best bet is to learn what you have and what the wholesale and retail values are, and then sell individual better pieces on eBay. If you have a lot of 'common' silver coins, eBay may get you a little more than the 10 to 11 times face value that coin dealers are paying.

42. QUESTION:
    Where can I sell my gold?
    Has anyone here ever mailed their jewelry away for cash? Where did you send it? Did you feel you got a good amount of cash back for your gold or silver? I have read so many negative forums that discuss scams like Cash4Gold and other places. I have sold a bunch of broken gold and silver for cash to a great place MyGoldDepot.com and wanted to know if anyone had any other experiences that were positive.
    Thanks.

    • ANSWER:
      I am not sure how you can claim you had a good experience with MyGoldDepot (unless you are an employee and this is a fake question).
      They have a "What We Pay" page on their website, but on it they do not show what they pay like reputable sites do.
      They have a FAKE Better Business Bureau Seal on their website and are not accredited or even listed with the BBB like reputable buyers do.
      Their Terms and Conditions are downright scary and show that basically you are screwed if anything goes wrong with your transaction.
      Answer: I would deal with just about ANYONE besides MyGoldDepot!

43. QUESTION:
    How do I determine at what weight my gold jewelry would be paid at?
    I know the weight. I have a very heavy gold chain and bracelet- together they weigh 2.5 oz, or 72 grams.
    I know that currently gold is at about 1K per ounce, but obviously, I am not getting ,500?
    They are estate pieces that would currently sell for much more than that in a jewelry store, if you could even find anything that heavy.

    After some research on-line I see that unbroken or nice items like mine are often purchased by places like estate.com BUT..

    What I want to know is how they determine the actual weight at which they pay since it is 14K gold not pure 24 KT gold. ehow.com has an article that just says to weigh it yourself, which I did as I have a digital scale, but they don't explain how to know you aren't getting ripped off or how they buyer determines how much gold is in your 2.5 ounces of 14KT gold. They say 14KT gold is something like 58% pure gold and the rest some sort of alloy for strength. So, do they take 42% off the weight to determine ounces they will pay at, or the actual weight of the gold item/ chains.

    What would my 2.5 ounces of gold be worth if sold and best way to sell?

    • ANSWER:
      You know, that price in the newspaper is for gold futures.
      That's the price one pays for taking delivery on a quantity like maybe 100 ounces (I'm sure some futures trader could give you exact figures) but anyway, nobody, not even jewelers can buy fresh gold for spot prices.

      Your jewelry isn't "fresh". It's been alloyed and God only knows how many times.

      Your 17 grams equals 10.93 dwt (pennyweights).
      Gold is measured by professionals by the Troy ounce.
      14k gold is 58.3% gold
      So you have 6.37 dwt of fine (24k) gold after refining.

      There are 20 dwt's in an ounce so your gold, at today's spot price is worth
      3.12

      It's doubtful anyone will offer you that much for your gold.
      You'd do well to get 75% of spot (2.34)

      Of course if your piece is nice you might find a jeweler willing to take it on consignment and sell it for you. That often takes quite a long time though...

44. QUESTION:
    Where do you go to get money for your jewelry?
    I have a ring, & I'm not sure if it's real or not. It's gold, and has two diamonds on either side of an emerald. I want to find out if it's real or not. Could I just go to a jewelry store, or no? I want to see if it's real, & if it is, I want to sell it since I never wear it.

    • ANSWER:

45. QUESTION:
    Where's the best place to sell gold items?
    Gold's about to go up in prices again. But pawn shops hardly make it worth your while. Anyone out there have any tips for venues that buy gold items at reasonable prices? I prefer traditional brick & mortar stores rather than online. Online or mail-in companies require you to have faith that if you mail them your items, you'll get compensation.
    -I'm referring to jewelry items.
    -I reside in New York City.
    P.S. You can google them and find websites, but I'm hoping to find a REPUTABLE company. Thanks...

    • ANSWER:
      Jewelry stores would be your best bet.

      I googled "selling gold jewelry nyc" (without the quotes). The list of ads down the right side had a few NYC jewelers who buy gold items.

46. QUESTION:
    Jewelry Buyer Scam WeBuyDiamondsAndGold?
    Last month, I decided to sell my unwanted gold jewelry which cost around 0-0 in total. I saw this website www.webuydiamondsandgold.com where they would send you a prepaid secured envelope to put your jewelry in. After gathering enough information about the company, I sent my jewelries. They told me that I shall get around 0 for the one that costs 5. 3 weeks later, I got a cheque of only 36 cents! I emailed them back and told them that I wanted to send the cheque back and I want jewelry back, as it was mentioned in the letter they sent me. Unfortunately, they never responded to any of my emails and when I called them, their voice mail box was full. I really don't know what to do. Any suggestions?

    • ANSWER:
      Well you need to find out their postal address, which may be difficult to do. I did an IPwhois on their domain name and it looks like they may have registered it through GoDaddy or an affiliate, and their address is hidden. Here is the administrative contact listed:

      Domains by Proxy, Inc.
      DomainsByProxy.com
      15111 N. Hayden Rd., Ste 160, PMB 353
      Scottsdale, Arizona 85260
      United States
      (480) 624-2599 Fax -- (480) 624-2598

      Unfortunately, that is probably just a registry service and not their company. If you are somehow able to find their address, you can file a small claims suit against them. Lookup your state's website on the web or call your local courthouse for more information, as laws vary by state. This may or may not work, considering the company may not have a real address, identity, or they may have temporary addresses.

      A few hundred dollars is not really enough to contact a lawyer, but you can if you want. However, their fee will probably be as much or more than your loss. Lastly, you can report this theft to the police. It is better to do it in person and present the evidence you have because they will get confused over the phone and probably dismiss it. But if you go down there and calmly explain what happened, they may be able to help.

      Reporting this website to the Better Business Bureau may help other people like yourself not get involved in the first place.

      Good luck.

      P.S. Do not cash that check. Make a photocopy for your records. The bank account number on the check may be able to link up the identity of the company or proprietor. If/when you go to the police, be sure to take anything relevant such as printouts, the check, documents, etc.

47. QUESTION:
    Who's sick of sales pitches during this recession?
    Who is sick of the dude that comes to your door wanting you to sign up for a locked in heating fuel rate? Who is sick of articles on how to recession proof your job? Who is sick of "Sell your old gold and uwanted jewelry!"
    Why don't they just leave us alone with their advice, their sales pitches, and leave us in peace so we can get through this? It's as if we are stupid or something and they have all the answers....

    • ANSWER:
      I think i'm more sick of the predatory lending practices that got us into this mess in the first place.

48. QUESTION:
    I have some unwanted Gold rings. Where is the best place to sell them?
    I understand there is a Global recession at the moment (credit crunch) so the price I will get will reflect this.
    Can I ask if I take them to somewhere like Ramsdens jewellers (They buy and sell 2nd hand jewelry) will they just offer me pennies for them
    Thank you for your answers.

    • ANSWER:
      Whatever you do, PLEASE don't use one of these rip-off websites that so generously send you a pre-paid envelope to send them your gold. Go to a few different jewellers and take the best offer.

49. QUESTION:
    can you get your gold back after you've sold it to the pawn shop?
    i sold some old jewelry today and i got 270 for it but i really do believe it was worth much more i just got back like 20 minutes ago do you think i can return the money and get it back?? i also feel like there were signs that i shouldn't have sold it cuz i wanted to sell it on fiday and it was closed then when i went today the ziploc bag that i put it in wouldn't open so i ripped it. The reason i wanted to sell it was to buy new sneakers buttt ughhhh now i feel terrible what do you guys think

    • ANSWER:
      HOw much jewelry was it? 0 is not a lot for gold.

50. QUESTION:
    has anyone used out of your life jewelry buyers?
    I have a really nice 10 carat white gold lab created sapphire with diamonds that go around it and am looking to sell it because it was from my ex. Has anyone used this service? And anyone have any idea what an item like this would go for?

    • ANSWER:
      woow... that's expensive... you should not sell it.. the price could be more higher in the future