Selling Gold for Cash
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Updated: 8:59 PM Feb 4, 2009
Selling Gold for Cash
If you want to learn what to expect when selling old jewelry for cash, here's information from the people who buy it for a living.
Posted: 10:53 PM Oct 27, 2008
Reporter: Sarah Stokes
Email Address: sarah.stokes@weau.com
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Posted by: garrett b Location: connecticut on Oct 29, 2009 at 02:47 PM

Beware US Gold Buyers in NYC!! As a test I sent a couple of rings and chains to them totaling just under 3 pennyweight in 10K items and just over 3 pennyweight in 14K items. They ended up averaging the total weight and the Daily Payout amounts for 10K and 14K gold published on their website. Because of this averaging I ended up with $30 less than expected. This technique was never mentioned on their website or by their customer service people I spoke with before sending my items. They also claimed they would identify the 7 ring stones and make an offer, which they didn't do. The customer service rep that called with the offer even got impatient when I questioned him about the stones (I expected the stones were of no value would have preferred some information about them). I would have gotten the same final amount if I had sold to a local coin shop the day before. BEWARE! US gold Buyers does not fully disclose their methods either on their website or through customer service.
Posted by: Lewis P. Location: Eau Claire on Oct 29, 2008 at 02:14 PM

Wow! Great article. After shopping for the best price locally, I decided to try out US Gold Buyers. I am very impressed with the professionalism,expedited service and the best payout. Well recommended! Thank you.
Posted by: Travis Location: Eau Claire on Oct 28, 2008 at 07:53 AM

Its imperative to do your own research. This report is pretty timely for me because over the last 2 weeks I spoke with a few local pawn shops and some online pawn shops. I had some old gold necklaces that I wanted to get rid of, long story short I ended up selling to an online pawn shop. It was great because I didnt have to leave me home. I spoke with a support person there 3 times, who made me feel comfortable sending my jewelry through the mail. They promised a 10 day money back gurantee if I was not happy with my payout. I ended up getting $125, which was $25 more than what the local pawn shop was going to give me. I recommend this online pawn shop, but remember to always do your own research. - TM
Posted by: Todd Welch Location: Eau Claire on Oct 28, 2008 at 07:33 AM

I am thinking that at this point in time people should be turning cash into gold, not the other way around.
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