Author Topic: where do I sell gold jewelry?  (Read 384 times)

marcus_aurelius

  • 5 O'Clock Shadow
  • *
  • Posts: 21
where do I sell gold jewelry?
« on: September 21, 2020, 12:06:03 PM »
We have ~110 g of gold jewelry that we have wanted to sell for a few years. It's a combination of 18 - 22 carat, so I guesstimate the overall value is $4,000-$5,000. Any recommendations so that we get the best price, don't get scammed etc.?

We don't need the money, so there's no time pressure, but this is just collecting dust in our house. My wife won't wear it. I don't need it for any investment purpose e.g. using as a hedge against inflation etc.

partgypsy

  • Magnum Stache
  • ******
  • Posts: 4190
Re: where do I sell gold jewelry?
« Reply #1 on: September 21, 2020, 12:43:45 PM »
The last I did this I went to a reputable pawn shop/jewelry store in person. I had preweighed and calculated based on carat weight how much gold, what I should make, it was spot on. So one suggestion is to go to citydata for your town and query on this question. There are also the mail in places but I haven't done that.

Rosy

  • Handlebar Stache
  • *****
  • Posts: 2363
  • Location: Florida
Re: where do I sell gold jewelry?
« Reply #2 on: September 25, 2020, 09:03:39 AM »
Depending on the quality, style, craftmanship, vintage, design(er) of the jewelry it is possible to get a better price if you know what you got and you take it to a high end jeweler who has clientele who would pay premium.
I had some lovely, intricately made 22K heirloom pieces from Turkey that brought more than the price of gold that day.

Anyway, I prefer taking it to a reputable jewelry dealer although in theory a pawnshop should also give you the price of gold that day.
Mail in is a possibility too - jtv.com makes it easy with forms online and they are reputable.

I own several gold coins worth $150 each that I held onto - it is kinda fun to own $1000 dollars in gold, to leave in a will or keep for emergency purposes.