What Are Your Experiences Selling Gold?

I keep seeing the Cash 4 Gold commercials on tv, plus local jewelers are advertising that they will buy scrap gold. I was wondering if anyone had specific examples of selling gold and how much they got. I have some pieces and I don’t know if I should sell online (and which companies to avoid) go to a jeweler or if I should just pawn them. They don’t have stones or anything in them so I would just want the gold worth. Thanks!

6 Comments

• 
  alcan52 October 7, 2009 at 6:46 pm

  Stay away from that Cash 4 Gold. I heard of a person who used them for cashing in 2 $20 US per 1933 Gold Pieces. She received $800 cash for both. This was about 2 weeks ago. Problem is the dealer she bought them from 10 years ago would have given her $2500 for both of those coins. Basically she got 1/3 of the total value. Cash 4 Gold is a scam pure and simple. Keep your gold. You may need it in the near future.
• 
  Grandmas Favorite October 7, 2009 at 10:38 pm

  Which ever company you choose, here are a few guidelines…
  Assuming you are in the US… http://www.falkosgold.co.uk have a live gold price chart. This will tell you the exact current market value of Gold in US dollars. You can also change for different currencies if you wish.
  E.g. Gold is currently at $906 per troy ounce.
  This means that PURE gold is worth 906 / 31.1 = $29 per gram.
  If your gold is 9 carat, you take $29, divide by 24 then multiply by 9.
  If your gold is 18 carat… You take $29, divide by 24 then multiply by 18.
  Assuming 9ct (as most of our gold is 9ct in the UK), your gold’s MARKET value is $10.87 per gram ($29/24*9). You will never get 100% of this, and only a few companies offer within 90% of this value. You should never sell for less than 80% of this value. e.g. at time of writing, do not consider less than $8.70 per gram.
  If any company is offering you any less, then they are making a MASSIVE profit of over $2 per gram that you sell to them.
  Hope this helps…
  Good luck gold selling!
• 
  gravy1nt October 8, 2009 at 1:00 am

  I think the best way is to sell online to a gold refiner… cash4gold is definitely the biggest one. You can always negotiate on the prices they pay you too when you send in your stuff… sometimes you can get quite a bit more with a simple phone call.
  Use this tool for selling gold estimates: http://www.goldintomoney.com/calculator
• 
  Tommy J October 8, 2009 at 7:07 am

  With indiv gold pieces like coin or jewelery, you’ll never sell your gold for the going market price, but know what the price is and you may get 80-90% of that price with a reputable jeweler, not usually a pawn shop.
  Good luck!
• 
  BILLY D October 8, 2009 at 12:57 pm

  If you are serious to invest, you can consider HSFX Asset Management and start making consistent profit. You can google about them in search engine.
• 
  Johny Invest October 8, 2009 at 1:34 pm

  I personally tried cash 4 gold got $200 for 2 rings that i sent it I well got worth what i paid for them Highly recommend cash 4 gold